Metals Leading Market Activity Tuesday, October 27, 2009 | Printer Friendly The metals are experiencing profit taking as the week begins. We are never really sure if these are times of opportunity or a potential trend. The feeling is that Gold is leading this market and the short-term direction should be to higher levels. The wholesale trading systems are still loaded with heavy buying volume. If there are bullion coins available in the market, there are certainly dealers ready to buy. There is no slow down in retail sales at this time.   The wholesale market for certified classic coins is mixed. Buyers are looking for bargains, but many are still willing to pay current levels for coins with exceptional eye appeal. As you can see from this week’s LD Wholesale Market Dealer Price Guide, much of the adjustments are declines. The majority of changes are for the more common issues within a series. High population coins that sit in dealer inventories are creating the Market decreases.   Copper coins, Half Cents, Large Cents, Indian and Lincoln Cents, seem to be steady at current Market levels. As long as the coins are accurately graded and do not have a negative appearance, dealers will find collectors ready to compete. The 1795 Lettered Edge with Pole Half Cent has a few increases in specific grades this week due to new transactions monitored. In some cases, more important Half Cents and Large Cents do not trade too often so many of the trades are updates of old prices. Liberty Nickels seem to be attracting some new buyers because the prices for MS & PR 61 to 65 have drifted too low. Buyers are fussy and will not accept badly toned coins. The declines we have been reporting for Buffalo Nickels and Mercury Dimes appear to be subsiding somewhat. Only occasionally do we find discounts of the more common coins. Sellers feel that they have gotten too cheap at current prices.   See this E-News and past issues in E-News Archive: http://www.numismedia.com/market/enews/archive.shtml   -What's Hot? Silver – Bags, Bars & Eagles Ultra High Relief – 2009 $20 Gold Proof Gold Eagles – with mint packaging Proof Buffalo Gold - with mint packaging Bullion Coins – Gold and Platinum Morgan Dollars – MS63 and higher at current Market GSA Carson City Dollars – Raw & NGC Certified Seated Dollars – All Grades   Modern Lincoln Cents – MS65 and higher at Market 2009 Lincoln Cents – All Varieties 2009 Lincoln Commem Dollars 2009 Territorial Quarters   -What's Not? Early Silver Commemoratives – All Grades Early Gold Commemoratives – All Grades Washington Quarters – MS63 and higher Buffalo Nickels – MS63 and higher Mercury Dimes – MS63 and higher Walking Liberty Halves – MS63 and higher -Other Requests Silver Eagles – All Dates 2009 UHR Gold Eagles 1909 S VDB Lincoln Cent – All Grades http://www.numismedia.com <<New Year Begins with a Bang COIN MARKET REPORT ARCHIVE >>Dealers Active with Modern Bullion Coins