Seller's Market Remains Strong
Monday, March 10, 2008
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Dealers remain very competitive in todays market. They are continually raising their buy prices for wantlisted coins with low availability. The profit margins can be very lucrative if they locate the right coins; for example Early Gold ($2 ½, $5, & $10) in XF and higher grades has tremendous support and many of the rare dates set new records every time they are offered for sale. We seldom see any of the truly rare coins offered on the dealer teletype systems because these coins are quick sellers in the current market and usually go right into the hands of dealers best customers. Most activity on the teletypes is for modern coins, proof and mint sets, and modern bullion coins. The amount of activity for bullion continues to be phenomenal. With the metals being so active, this area responds directly to the swings of the individual metal. One series you may have noticed that is not so active today is Classic Silver Commemoratives. The amount of interest here at current levels is almost non-existent. Buyers are only interested if the coins are heavily discounted or they are extremely high end for the specific grade. At some point, lower prices should attract new interest. 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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