Rare Coins Attracting Higher Buys
Wednesday, September 3, 2008
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The wholesale market for truly rare coins remains steadfast. Dealers have been very competitive because they have very strong buyers for these scarce issues. Astute numismatists realize that rarity and quality combined make a great team. Recent auctions bear this out and future auctions should continue to show more of the same. This weeks LD Wholesale Market Dealer Price Guide shows numerous increases for Half Cents and Large Cents. Many of the advances are for low census coins in higher grades. Collectors know these coins are not easily located and they have to be ready to confirm the deal when specific issues come along. The Market price for the 1804 Plain 4 Stemless Half Cent in MS65 Brown advanced to $6,950; the 1793 Wreath Cent moved to a higher $29,500 in MS60. Indian and Lincoln Cents, both Mint State and Proof, show a variety of increases for specific issues that traded this past month. Further, we are not finding much in the way of discounting for properly graded coins in these series. They are always popular and the current Market prices seem to be right in line with wholesale trading. Bust and Seated Half Dimes, Dimes, and Quarters continue to be very active at present levels, although there are some specific dates and grades that advanced due to higher trading levels. 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 MS64 and Higher $4 Gold Stellas All Grades 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 Early Gold - $2 ½, $5, & $10 XF & higher Walkers MS63 and higher Indian Cents Red & Red/Brown MS & Proof Early Lincoln Cents Red; MS63 & higher 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 Bullion Issues MS69 and lower -Other Requests 1909 S VDB Lincoln Cent All Grades 1909 Lincoln Cents All mint state Grades
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