Selective Market Rarity Specific
Monday, July 24, 2006
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While the coin market continues to be steady overall, as we previously mentioned, there continues to be bargains in the marketplace for a variety of issues. The $5 and $10 Indians are still very active but the more common dates have discounted from the recent highs. These are mostly in grades MS64 and lower and in the case of the $5 Indian we usually see the 1909 D and a few of the more common P mint issues. The $10 Indian will typically find the 1926 and 1930 offered dealer to dealer. The good news is that they are still trading as some dealers have customers for these coins. Further, there are a variety of rarities being offered over the next month in conjunction with the big ANA Convention in Denver. Many dealers and collectors will be setting their sights on specific coins that they feel will ultimately be profitable. This is a great time of the year for the numismatist as truly rare coins come into the marketplace for a one time opportunity that can come and go as quickly as the hammer hits the podium. Despite what some dealers feel is a slightly slow market, we are seeing a lot of coins sold over the teletype system. It looks like many buyers are taking advantage of the downturn in metals prices to acquire coins they feel will eventually rebound back to higher levels. This week begins with the metals, once again, searching for recent lows. Trying to figure out which way is up for metals right now is a real project since it appears that all the conditions that forced them higher in the first place are still intact; even getting worse. This is not a time for the meek. Gold is currently down to $612.70 and Silver is $10.85. Platinum is $1189 after breaking downward past the $1200 support level. Where do we go from here? Make sure you check prices before confirming any bullion related deals. -What's Hot? $10 Indian Gold Rare Dates MS63 and Higher $5 Indian Gold Rare Dates MS63 and Higher BU Rolls Dollars, Walkers, Franklins Gold Commems MS63 and Higher Silver Commems MS64 and Higher Barber Coins MS63 and higher Early Gold -- $2 ½, $5, & $10 XF & higher Battle Creek Dollars Lovely Toned Morgans Carson City Dollars Govt Holders Carson City Dollars NGC Certified Walkers 1916 to 1934 MS63 and higher Walkers 1935 to 1947 MS64 and higher Indian Cents Red & Red/Brown MS & Proof Early Lincoln Cents Red; MS64 & higher Key Dates in all series Dollars Morgan & Peace in MS64 and Higher Modern Commems With Orig. Govt. package -What's Not? State Quarters PR issues under 69 require discounts Low-end quality coins require discounts -Other Requests 1911 D $10 Indian MS64 PCGS 1876 $1 Gold VF or XF Buffalo Gold $50 Buy/Sell
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