Metals Stabilize; Move Higher
Monday, April 7, 2008
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After a major correction in the metals this past week, the momentum has reversed and has begun to climb back upward. Buyers seized this opportunity and fresh demand forced prices to surge higher in the last few days. This morning, Gold is up over $12.00 at $926.00 and Silver is up nearly $.40 at $18.13. Platinum is above $2000 again, now at $2034. All prices are reported as of 9:57 am PDT. Dealers do not see any let up in demand for collector coins. Nearly every series in the Lower Denomination Wholesale Price Guide displays advances this week. But what is most interesting is that most steady issues are still in strong demand. Buffalo Nickels, Mercury Dimes, Standing Liberty Quarters, are all very active at shows and auctions. Dealers know they must be very aggressive when these coins become available in the market. The dealer teletypes continue to show an extreme amount of buying and selling activity. Nice coins, rare coins, they do not last long in inventory. In this sellers market you might expect dealers to hold out for the last buck. Surprisingly, dealers are not being greedy. Most are adding a reasonable profit and moving on to the next deal. By doing so, collectors are satisfied that they are in a legitimate two-way market See this E-News and past issues in E-News Archive: http://www.numismedia.com/market/enews/archive.shtml -What's Hot? Bust Half Dollars All Grades Early Bust Type 1794 1820 All Grades DMPL Morgan Dollars MS63 and Higher $4 Gold Stellas All grades PL Morgan Dollars MS63 and Higher Standing Liberty Quarters MS63 and Higher Seated Dollars All grades Trade Dollars All Grades Seated Dimes Most Dates & Grades Seated Quarters Most Dates & Grades Seated Half Dollars Most Dates & Grades $10 Gold Indians MS62 and higher Mercury Dimes MS64 and higher Early Gold - $2 ½, $5, & $10 XF & higher Walkers 1916 to 1934 MS63 and higher Indian Cents Red & Red/Brown MS & Proof Early Lincoln Cents Red; MS63 & higher Key Dates in all series Three Cent Silver Key Dates -What's Not? State Quarters PR issues under 69 require discounts Early Silver Commemoratives All grades Low-end quality coins require discounts Modern Issues Grades under 69 require discounts -Other Requests 1909 S VDB Lincoln Cent All grades 1909 Lincoln Cents All mint state grades
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