Strange Market Offers Bargains
Monday, July 10, 2006
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We all know that this can be a slow time of the year, but this year is becoming very strange. The overall market remains steady with lots of buyers still looking for specific coins in all price ranges. However, with several of the big buyers temporarily out of the market, presumably on vacations, we are seeing lots of coins selling at discounts of current FMV. Whether this is going to be a trend or not, we rather doubt it; but the next few weeks should tell us where the short term market is headed.
With the number of major auctions taking place, we are finding lots of fresh coins appearing. It looks like some of these coins are just not bringing expected prices realized because of the shear fact that there are so many coins available and the buyers are being selective as to which coins may present the best opportunities at this time. If a buyer can purchase ten coins at $100,000 that he feels are good buying opportunities, he may pass on a single rarity that would cost the same amount. This removes one aggressive competitive buyer from bidding on the rarity so it may wind up being a bargain to the eventual winning buyer. As you can see the opportunities are endless.
The metals are once again headed down. If anyone has a crystal ball please let us know what is going to happen as we have had lots of inquiries. After a strong previous week, this week is starting with Gold down to $626.20 and Silver at $11.20. Platinum has fallen to $1214. As of this Enews the market is still open so make sure you check prices before making any deals.
-What's Hot?
$10 Indian Gold – MS63 and Higher
BU Rolls – Dollars, Walkers, Franklins
Gold Commems – MS63 and Higher
Silver Commems – MS63 and Higher
Barber Coins – MS63 and higher
Early Gold -- $2 ½, $5, & $10 XF & higher
Battle Creek Dollars – Lovely Toned Morgan’s
Carson City Dollars – Gov’t Holders
Carson City Dollars – NGC Certified
Walkers – 1916 to 1947 MS63 and higher
Indian Cents – Red & Red/Brown MS & Proof
Early Lincoln Cents – Red; MS64 & higher
Key Dates in all series
Dollars – Morgan & Peace in MS63 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
http://www.numismedia.com
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