Profit-Taking in Metals Monday, April 24, 2006 | Printer Friendly After bursting through recent high water marks last week, the metals suddenly reversed and profit-taking was the next order of business. This is the time when those in the know reap tremendous benefits by creating major swings in the metals. Of course, when this occurs someone is on the other end losing previously gained profits. However, Gold and Platinum are still higher than they were last week at this time and Silver is down $.81 this morning at $12.14. The wild fluctuations in Silver create havoc for the FMV of the most common silver coins.  Gold is currently at $627.10 and Platinum is $1113.   Despite the suddenness of the direction in metals, the coin market remains very strong. The majority of collectors and economists feel the economy is not headed in a positive manner and coins are a quality option for future profits. This makes for a very exciting time in all of our lives. The wholesale coin market is virtually undaunted by the metals and most of the dealers we speak with who attend the major coin shows are extremely busy. Many of them are buying and selling to each other but eventually these coins are finding their way to the public. The collectors, advanced and novice are very enthusiastic about locating a large variety of numismatic coins. The search goes on and we see no letdown in sight.   Central States takes place this week in Columbus, Ohio and the featured sale is conducted by Heritage Auction Galleries. You can bet this will be a very heavily attended auction whether it is in the auction room or over the Internet.   -What's Hot? BU Rolls – Dollars, Walkers, Franklins Gold Commems – MS63 and Higher Silver Commems – MS63 and Higher Barber Coins – MS63 and higher Early Gold -- $2 ½, $5, & $10 XF & higher Early Bust Halves & Dollars – Fine and Higher Battle Creek Dollars – Lovely Toned Morgan’s Carson City Dollars – Gov’t Holders Carson City Dollars – NGC Certified Mercury Dimes – MS63 & up 1916-30 Walkers – 1916 to 1947 MS63 and higher Indian Cents – Red & Red/Brown MS & Proof Early Lincoln Cents – Red; MS64 & higher Key Dates in all series Dollars – Morgan & Peace in MS63 and Higher   -What’s Not? Modern Commems – Without Govt. package State Quarters – PR issues under 69 require discounts   -Other Requests 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 1804 Draped Bust / Heraldic Eagle Silver Coin http://www.numismedia.com <<New Year Begins with a Bang COIN MARKET REPORT ARCHIVE >>Buyers and Sellers Adjusting to Current Market