Steady Market Expected at Central States
Monday, April 14, 2008
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The Central States Numismatic Society Convention begins Wednesday in Rosemont, Illinois. The Chicago area and surrounding states are a good source of collector activity so dealers are expecting heavy trading. The market continues to be very good for coins that are less frequently found in large quantities. Typically, the modern issue coins fall into the ‘needs to be discounted to attract buyers’ category. Generic Morgan and Peace Dollars are showing strength as most of the dealers across the country are buying them for customers. Competition is very aggressive for MS63 and higher grades. Quantities needed are substantial and wholesale bids seem to be rising on a weekly basis. What may be more interesting is the fact that buyers are willing to pay in advance of current levels for coins that show just a little more eye appeal than average coins for the grade. Early Gold continues to show advances in this week’s Wholesale Market Price Guide. While rare in most dates and grades, the Mint State issues are even more attractive to sophisticated collectors. There are several dealers actually looking for quantities of the same date and grade because they have multiple buyers for these coins. MS61 and MS62 grades for $2 ½, $5, and $10 Gold are also having remarkable advances. Years ago, these grades did not interest the collector. Now, they may be the only grades available in today’s market. 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 Stella’s – 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
The Central States Numismatic Society Convention begins Wednesday in Rosemont, Illinois. The Chicago area and surrounding states are a good source of collector activity so dealers are expecting heavy trading. The market continues to be very good for coins that are less frequently found in large quantities. Typically, the modern issue coins fall into the ‘needs to be discounted to attract buyers’ category. Generic Morgan and Peace Dollars are showing strength as most of the dealers across the country are buying them for customers. Competition is very aggressive for MS63 and higher grades. Quantities needed are substantial and wholesale bids seem to be rising on a weekly basis. What may be more interesting is the fact that buyers are willing to pay in advance of current levels for coins that show just a little more eye appeal than average coins for the grade. Early Gold continues to show advances in this week’s Wholesale Market Price Guide. While rare in most dates and grades, the Mint State issues are even more attractive to sophisticated collectors. There are several dealers actually looking for quantities of the same date and grade because they have multiple buyers for these coins. MS61 and MS62 grades for $2 ½, $5, and $10 Gold are also having remarkable advances. Years ago, these grades did not interest the collector. Now, they may be the only grades available in today’s market. 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 Stella’s – 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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