Modern Issues Active Monday, October 30, 2006 | Printer Friendly Much of the activity we are seeing is in modern issues. This may seem like a short term market but to some it is very real. Dealers and collectors are making thousands of dollars on purchasing coins from the mint and having them certified at the major grading services. The problem that some dealers see is that when these coins grade under MS or PR69 then the coins wind up being offered for sale at under mint issue prices. Therefore, the market reports a negative value because of certification rather than a positive. This does not make sense to most numismatists and appears to be counter productive to the overall market. This could spell short term profits for long term negative overall appeal. Further, the mint appears to be changing the rules on the public at the expense of their own profits. The public will eventually wise up and sales could suffer as a result.   The coin market for “real” coins still appears mixed. Low population or short availability coins are very popular and command prices in excess of current FMV, while everyday coins are soft and typically need discounts in order to sell in quantities. The good news here is that coins are selling as long as the buyer and seller get the chance to negotiate.   The metals are beginning the week on an up note. Gold is currently at $606.50 and Silver is $12.16. Platinum is $1085.   -What's Hot? BU Rolls – Dollars, Walkers, Franklins Buffalo Nickels – MS64 and higher Mercury Dimes – MS64 and higher Walking Liberty Halves – MS64 and higher Gold Commems – MS64 and Higher Silver Commems – MS64 and Higher Early Gold -- $2 ½, $5, & $10 XF & higher Battle Creek Dollars – Lovely Toned Morgan’s Carson City Dollars – NGC Certified Walkers – 1916 to 1934 MS63 and higher Indian Cents – Red & Red/Brown MS & Proof Early Lincoln Cents – Red; MS64 & higher Key Dates in all series Three Piece 2006 Anniversary Gold Eagle Sets   -What's Not? State Quarters – PR issues under 69 require discounts Low-end quality coins require discounts   -Other Requests Buffalo Gold $50 – Buy/Sell Carson City Dollars – Gov’t Holders 1855 Arrows Seated Half – MS65 NGC 1994 $25 Gold Amer. Eagle – MS69 NGC 1999 $25 Gold Amer. Eagle – MS69 NGC 1893 Morgan Dollar – Buy VF PCGS, NGC, ANACS http://www.numismedia.com <<New Year Begins with a Bang COIN MARKET REPORT ARCHIVE >>Metals Rebound from Downward Trend