Where Do We Go From Here?
Monday, March 27, 2006
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The FMV is jumping off the charts and the most aggressive buyers are acquiring the coins they need. At this point in time the coins most sought after continue to rise with every trade. There are so many competitive dealers and collectors seeking specific coins that it appears some FMVs still have a long way to go. Dealers are truly amazed by some of the prices that these coins will bring in auctions; what we find even more interesting is the number of collectors vying for many of these rarities. In many cases, the dealers cannot even compete with the collectors who are dead set on owning certain coins. We are beginning to see several dealers venture into other areas of the market in an attempt to locate coins they know are rare yet may not be attracting much attention as of now. They foresee the future and the future is obviously in coins with low pops that are early rarities. This does not mean modern issue coins with temporary low census numbers. Many astute numismatists are doing the research that the census reports provide to identify potential hot issues. Since NGC and PCGS have been in business for 20 years now there is a proven track record for the numbers of coins available in the market. Use of these numbers along with original mintages can go a long ways toward identifying future FMV increases. The metals remain on a course to higher ground. Silver seems to be in a leadership role at this time and is surging toward $11 and ounce and is currently at $10.77. Gold has jumped to $565.60, with Platinum rising to $1060. The Santa Clara Expo runs this week with Superior Galleries hosting an Elite Coin Auction. -What's Hot? Gold Commems MS63 and Higher Silver Commems MS63 and Higher Barber Coins MS63 and higher Early Gold -- $2 ½, $5, & $10 XF & higher Early Bust Halves & Dollars Fine and Higher Battle Creek Dollars Lovely Toned Morgans Carson City Dollars Govt Holders Carson City Dollars NGC Certified Mercury Dimes MS64 & up 1916-30 Walkers 1916 to 1929 MS63 and higher Indian Cents Red & Red/Brown MS & Proof Early Lincoln Cents Red; MS64 & higher Key Dates in all series Walkers MS64 and higher Dollars Morgan & Peace in MS63 and Higher -What's Not? Modern Commems Without Govt. package State Quarters PR issues under 69 require discounts -Other Requests 1893 S Morgan Dollar Sell ANACS VF30 1915 $50 Pan Pac Round MS63 PCGS 1911 D $10 Indian MS64 PCGS 1876 $1 Gold VF or XF 1902 S $20 Gold MS63 PCGS Sell 1804 Draped Bust / Heraldic Eagle Silver Coin
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