New Products Slow Rare Coin Market
Monday, March 26, 2007
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It appears that the new mint products are having an objectionable influence on todays rare coin market. More dealers are concentrating on these latest bullion coins and the public is spending millions of dollars on them. The overall result is that fewer numismatic coins are trading right now and it is beginning to show up in the FMV. The Baltimore Coin and Currency Convention displayed just how difficult this market has become. There are not enough new collections coming onto the market to be disbursed among active wholesalers. Without fresh material dealers wind up trading the same coins they have had for awhile, which only occurs when they discount them. Major auctions continue to realize tremendous prices realized and rare coins attract very competitive bidding. Yet, the more common coins are not easy sellers. This weeks Wholesale Market Price Guide shows strength in Seated Coinage where we find many increases in Half Dimes and Half Dollars. Dimes and Quarters are also being sought and we will continue to monitor these areas and update them as information is available. Due to the limited numbers of Seated Coins available in the market, many dealers feel this is an area that can blossom in the future. If you look at the Census Reports by grade, you will find that some of the more common coins are not readily available. The metals appear stronger as the week begins with Gold at $661.30 and Silver rising to $13.29. Platinum has increased $7 at this moment to $1233. See this E-News and past issues in E-News Archive: http://www.numismedia.com/market/enews/archive.shtml **What's Hot, What's Not** What's Hot, What's Not shows which coins are especially active, or on many want lists, bringing prices above previous levels, and, which coins seem to be in large supply on slow moving sell lists. This information will come from dealers and collectors all over the country, our members, collector inquiries, coin shows, and auctions. We will also list a few other requested series from members and collectors. -What's Hot? DMPL Morgan Dollars MS63 and Higher Seated Dollars Most grades $5 Gold Indians MS62 and higher $10 Gold Indians MS61 and higher BU Rolls Dollars, Walkers, Franklins 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 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 1800, 1803 Large 8, 1805 Half Dime NGC, PCGS, ANACS VF, XF 2006 20th Anniversary Silver Eagle PF 70 Ultra Cameo NGC Silver Eagles NGC PR70 1987, 88, 91, 93, 94, 96, 97, 99 1999 Delaware Silver Quarter PR70 NGC 1883 CC Morgan Dollar MS65 NGC, PCGS 1883 CC Morgan Dollar MS65 P/L & DMPL NGC, PCGS
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