U.S. Gold Snares Market Share
Monday, February 23, 2009
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The overall coin market may be lower but there are still plenty of buyers at new levels. Some dealers and collectors are offering coins at discounts, while many more dealers and collectors are taking advantage of these so-called fire sales. Some prices have fallen in the last few weeks and we are seeing more offers to sell on the dealer teletypes. However, many dealers have customers looking at these opportunities as a way of obtaining coins that were not available six months ago. In this week’s HD Wholesale Market Dealer Price Guide, many issues have declined due to an increase in the number of sellers in the market. We are seeing lower prices realized in most auctions, yet, there are still many increases in most Gold series. Premiums for generic U.S. Gold are higher than normal and buyers cannot get enough coins. The most common $2 ˝ Gold, $5, $10, and $20 are rising in most grades from Good thru MS65. Even some of the rare dates have increased, especially when the coins have not been on the market for a while. The ever-popular 1883 O $10 Gold increased in grades XF through MS60, with the latter now at a Market price of $29,500. The 1861 S $20 Paquet in AU58 moved to a higher $147,500. Classic Silver and Gold Commemoratives continue to languish in dealer inventories. The only ones that seem to sell are heavily discounted, especially within the Gold issues. Most issues fell in grades MS63 to MS67 this past week. While the Pan Pac $50 Gold has not fallen, the usual market makers are not as visible as they were in the past. Most Silver Commemoratives have not been easy to sell for at least the last year. Buyers in this area usually want Premium Quality coins, which means the coin must look like the next higher grade. Even then, it is still a question of price. 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
U.S. Gold – Classic Gold in All Grades
GSA Carson City Dollars – Raw & NGC Certified
Seated Dollars – All Grades
Trade Dollars – All Grades
Seated Dimes – Most Dates & Grades
Seated Quarters – Most Dates & Grades
Seated Half Dollars – Most Dates & Grades
Indian Cents – Red & Red/Brown MS & Proof
Early Lincoln Cents – Red; MS63 & higher -What's Not?
State Quarters – PR issues under 69 require discounts
Early Silver Commemoratives – All Grades
Early Gold Commemoratives – All Grades
Common 20th Century Coins – All grades
Buffalo Nickels – MS63 and higher
Mercury Dimes – MS63 and higher -Other Requests
1909 S VDB Lincoln Cent – All Grades
1909 Lincoln Cents – All Mint State Grades
http://www.numismedia.com
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