Sight-Seen Market Maintains Strength
Monday, October 8, 2007
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While Gold fluctuates between $730 and $740, the overall market remains steady for properly graded rare coins. Both Modern Gold and pre-1930 generic Gold are adjusting with bullion, however, better date coins are still the target of many collectors. Prices have increased for $4 Gold Stellas in low grades up to PR61 due to a very strong buyer. This is an extremely rare coin with very few available in the market. Most of these grades increased at least 20% in this weeks Wholesale Dealer Price Guide. True rarities attract advanced collectors all over the world. The most recent evidence of this is the sale of the 1804 $10 Gold in NGC Ultra Cameo Proof 65. It brought $5 million in a private sale to an anonymous collector. The same collector purchased the 1838 $10 Gold in PCGS Proof 65 for $1.7 million. Both of these prices are world records for the dates. David Albanese, a NumisMedia member dealer, brokered these transactions in the last two weeks. The October FMV Price Guide has been enhanced (more below) and now includes color advertising. We have some limited space available; contact us at info@numismedia.com. See this E-News and past issues in E-News Archive: http://www.numismedia.com/market/enews/archive.shtml -What's Hot? DMPL Morgan Dollars MS63 and Higher $4 Gold Stellas All grades PL Morgan Dollars MS63 and Higher Standing Liberty Quarters MS62 and Higher Seated Dollars Most grades Trade Dollars Most Grades Seated Half Dollars Most Dates & Grades $10 Gold Indians MS62 and higher BU Rolls Dollars, Walkers, Mercuries Mercury Dimes MS63 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 Nickel & Silver Key Dates -What's Not? State Quarters PR issues under 69 require discounts Low-end quality coins require discounts -Other Requests 1883 CC Morgan Dollar MS65 P/L & DMPL NGC, PCGS 1909 S VDB Lincoln Cents VG to MS60
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