Soaring Demand for Gold and Silver Monday, October 27, 2008 | Printer Friendly There are still Registry Collectors looking for the highest graded Modern Issues for their sets and are willing to pay top prices. However, there are many more sellers of Modern Issues today than there were a few months ago. More middle range collectors are strapped for cash and are now sellers rather than buyers. This creates a lot more inventory in the market and is reflected in this week’s Moderns Wholesale Market Dealer Price Guide. The number of declines in Lincoln Cents, Jefferson Nickels, Roosevelt Dimes and Washington Quarters is rising and demand is reduced to bargain hunting.   In the past month since the last Moderns issue, Platinum has dropped over $240 leading to many declining prices in this week’s issue. But many analysts and investors feel there are buying opportunities available. While the economy downsizes, the value for Platinum has declined because it is primarily used for industrial purposes. However, when the economy turns around, Platinum should regain its stature as a powerful resource and investment. Despite all the declines for Platinum coins, there are a few increases for coins that grade MS or PR70.   While Silver has fallen to the $9 mark, the demand for Silver Eagles continues to rise. Excess supplies from the last few months have been reduced to very limited physical supplies. We are seeing premiums of $5-$6 per ounce for the most common dates in any quantity. Even though the Silver contract price has fallen this past week, graded Silver Eagles are virtually unchanged with a few increases in the higher grades. Gold has also dropped this past week, but Eagles remain very active. Demand has forced premiums to increase with only small quantities being offered on the teletype systems among dealers. Coin shops are not finding many sellers so very little is coming through the doors lately.   See this E-News and past issues in E-News Archive: http://www.numismedia.com/market/enews/archive.shtml   -What's Hot? Bullion Coins – Early and Modern Bust Half Dollars – AU58 and Higher Grades Early Bust Type – 1794–1820 All Grades $4 Gold Stella’s – 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 Early Gold Commemoratives – All Grades   -Other Requests 1909 S VDB Lincoln Cent – All Grades 1909 Lincoln Cents – All mint state Grades http://www.numismedia.com <<New Year Begins with a Bang COIN MARKET REPORT ARCHIVE >>Dealers Active with Modern Bullion Coins