Washington Error Dollars in Demand
Monday, April 9, 2007
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The new Washington Dollars are very active and the grading services are certifying them in bulk. The Missing Edge Lettering error is getting most of the attention. Uncirculated raw coins have been wholesaling from $60 to $80 in the last week. Certified coins are higher as collectors want a coin that has a guarantee with it.
This week’s Classic Wholesale Market Price Guide has a multitude of increases for several series where the key dates still command premiums of wholesale levels. The Three Cent Nickel and Silver issues are very strong, especially for the rare dates. Several issues have very low mintages and are quite difficult to find in any grades. Many of these coins also have low census numbers in all grades and astute numismatists have been trying to stock up on these at any price that makes sense.
Many U.S. Gold coins are higher this week due to the upswing in bullion. However, the premiums for common coins are still at very attractive levels. Supplies remain excessive compared to current demand. Gold is moving toward $680, a level that needs to be surpassed before confidence shifts thoughts to the $700 mark. Silver is higher at $13.76 and Platinum is $1265.
**What's Hot, What's Not**
What's Hot, What's Not shows which coins are especially active, or on many want lists, bringing prices above previous levels, and, which coins seem to be in large supply on slow moving sell lists. This information will come from dealers and collectors all over the country, our members, collector inquiries, coin shows, and auctions. We will also list a few other requested series from members and collectors.
-What's Hot?
DMPL Morgan Dollars – MS63 and Higher
Seated Dollars – Most grades
$5 Gold Indians – MS62 and higher
$10 Gold Indians – MS62 and higher
BU Rolls – Dollars, Walkers, Franklins
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 Piece 2006 Anniversary Gold Eagle Sets
Washington Error Dollars
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
1800, 1803 Large 8, 1805 Half Dime – NGC, PCGS, ANACS VF, XF
2006 20th Anniversary Silver Eagle PF 70 Ultra Cameo – NGC
Silver Eagles – NGC PR70 1987, 88, 91, 93, 94, 96, 97, 99
1999 Delaware Silver Quarter – PR70 NGC
1883 CC Morgan Dollar – MS65 NGC, PCGS
1883 CC Morgan Dollar – MS65 P/L & DMPL NGC, PCGS
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