Monday Morning Profit Taking Monday, November 12, 2007 | Printer Friendly The week starts with a hefty decrease in metal prices. After last week’s strong advance over $830 an ounce, gold has dropped back near the $800 level this morning. Silver and Platinum are down to $14.71 and $1386, respectively. The next few days will be important in determining whether this is simply profit-taking or a new trend.   In this week’s Wholesale Market Dealer Price Guide, there are numerous increases in just about all areas of early collector coins. Collectors are eager for the majority of coins prior to the 1930s if they are properly graded and priced at reasonable levels. The more aggressive dealers and collectors will pay in advance of wholesale levels if the coin has better than average eye appeal.   Half Cents and Large Cents are extremely popular and coins that do not exhibit porosity or other distractions will command premiums. Buyers are looking for Two-Cent pieces in Mint State and Proof, thus wholesale levels are higher. We continue to monitor other increases in most of the early collector series.   The Baltimore Coin and Currency Convention begins Thursday and should be rather active. Most dealers feel this is the last major show of the year and this venue draws a massive collector clientele from all surrounding states.   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 DMPL Morgan Dollars – MS63 and Higher $4 Gold Stella’s – All grades PL Morgan Dollars – MS63 and Higher Standing Liberty Quarters – MS62 and Higher Seated Dollars – All grades Trade Dollars – All Grades Seated Half Dollars – Most Dates & Grades $10 Gold Indians – MS62 and higher BU Rolls – Dollars, Walkers, Mercuries Mercury Dimes – MS63 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 Nickel & Silver – Key Dates   -What's Not? State Quarters – PR issues under 69 require discounts Low-end quality coins require discounts Modern Issues – Grades under 69 require discounts   -Other Requests 1883 CC Morgan Dollar – MS65 P/L & DMPL NGC, PCGS 1909 S VDB Lincoln Cents – VG to MS63 1914 D Lincoln Cent – VG and Higher http://www.numismedia.com <<New Year Begins with a Bang COIN MARKET REPORT ARCHIVE >>Buyers and Sellers Adjusting to Current Market