Metals Marching Forward
Monday, January 23, 2006
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The way the metals are acting you would think it is only a matter of time before they really take off. If history is any help at all, this looks like 1979-80 all over again; without the major downturn. Prices tend to run up to record highs and then fall back slightly to establish an overall higher base. Then they run up again. The analysts in the know seem to think we are just getting started. If this is the case, we are in for a long ride. How this influences the coin market will be interesting as well. With the Long Beach Expo just a couple of weeks away, most dealers are anticipating a very strong showing. There are several major auctions near and around show time and, from the looks of the catalogues, dealers and collectors are in for some mighty fine rarities. It just looks like the market is capable of sustaining whatever is thrown out there in the way of expensive coins. Dealers with major collectors remain very active. This morning Gold is just under $560, now at $557.10; Silver is nearly $9 at $8.93. Platinum is well over $1,000 and looks very steady at $1,036. -What's Hot?
Barber Coins – MS63 and higher Early Gold -- $2 ½, $5, & $10 XF & higher Carson City Dollars – Gov’t Holders Carson City Dollars – NGC Certified Mercury Dimes – MS64 & up 1916-30 Walkers – 1916 to 1929 MS63 and higher Indian Cents – Red & Red/Brown MS & Proof Early Lincoln Cents – Red; MS64 & higher Key Dates in all series Walkers – MS64 and higher Dollars – Morgan & Peace in MS64 & 65 -What's Not?
Modern Commems – Without Govt. package State Quarters – PR issues under 69 require discounts -Other Requests
1914 D Lincoln Cent – VF PCGS, NGC, ANACS 1916 D Mercury Dime Fine – NGC, ANACS, PCGS 1840, 40 O $2 ½ Gold – NGC AU50 1838 $10 Gold – XF 40-45 NGC 1917 TI Standing Lib Quarter – MS63-64 FH PCGS 1893 S Morgan Dollar – Sell ANACS VF30 1915 $50 Pan Pac Round – MS63 PCGS 1911 D $10 Indian – MS64 PCGS 1876 $1 Gold – VF or XF 1902 S $20 Gold – MS63 PCGS Sell http://www.numisvision.com
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