Rarities Continue Advance
Monday, March 17, 2008
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In the last six months, we have seen quite a rise in early type. For example, Draped Bust Dimes in MS60 had a wholesale market value of $14,250 in early February; this week they rose to $16,500 based on dealer buy prices. We are certain it would take even more to buy one wholesale. Astute collectors are learning what dealers have known for a long time: properly graded early coinage is rare and not easy to locate. With early type coins becoming hard to find you can forget about the rare issues, they bring records every time they are offered for sale. A look at the recent sales in the Husak Collection of Large Cents has resulted in many changes in our price guides. Many of the prices of the higher grades have increased substantially and we were also able to list many new prices for grades that were previously unreported. The 1807 Large 7/6 is now listed at $45,000 in MS65. The stock market continues to influence the coin market. With so many investors sitting on the sidelines with cash in hand, they are seeing opportunities in rare coins. This creates more demand for rare issues. The news that J P Morgan Chase & Co. is buying Bear Stearns & Co. with the help of the government could impact the coin business even more. As of 9:40 am PDT, Gold is $1011.50 and Silver is $20.49. Platinum is down dramatically at $1979. 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 MS63 and Higher $4 Gold Stellas All grades PL Morgan Dollars MS63 and Higher 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 $10 Gold Indians MS62 and higher Mercury Dimes MS64 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 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 Issues Grades under 69 require discounts -Other Requests 1909 S VDB Lincoln Cent All grades 1909 Lincoln Cents All mint state grades
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