Metals Lower; Market Steady
Monday, June 26, 2006
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Dealers have begun to notice a slight slowdown in normal coin sales due to the summer season. However, the more aggressive collectors spending large sums of money for coins dont seem to care that this is a slow period. In other words, inexpensive coins are not as active as they were a couple of months ago; high-end grades and rarity are still in demand and buyers are very competitive. A little bit of a mixed market is good for numismatics and is quite expected. Many dealers are already gearing up for the Denver ANA in mid August; there are several major auctions around this time and the rarities will be flying out the door. While the metals seem lackluster at this time, we have not seen any change in the overall conditions that caused the initial run up in the first place. It feels like there should be a break in the action that will give us a new long term direction in the next couple of weeks. Support levels appear to be holding so many analysts feel the market will once again start to move in an upward cycle. Most are hoping it will be a little more consistent without the major swings we just experienced. Gold is currently at $584.10 and Silver is $10.24. Platinum is $1177. -What's Hot? $10 Indian Gold MS63 and Higher BU Rolls Dollars, Walkers, Franklins Gold Commems MS63 and Higher Silver Commems MS63 and Higher Barber Coins MS63 and higher Early Gold -- $2 ½, $5, & $10 XF & higher Battle Creek Dollars Lovely Toned Morgans Carson City Dollars Govt Holders Carson City Dollars NGC Certified Walkers 1916 to 1947 MS63 and higher Indian Cents Red & Red/Brown MS & Proof Early Lincoln Cents Red; MS64 & higher Key Dates in all series Dollars Morgan & Peace in MS63 and Higher Modern Commems With Orig. Govt. package -What's Not? State Quarters PR issues under 69 require discounts Low-end quality coins require discounts -Other Requests 1911 D $10 Indian MS64 PCGS 1876 $1 Gold VF or XF
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