Wholesalers Spur Advances
Tuesday, August 12, 2008
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Dealers are confident that the increase in wholesale trading over the last couple of weeks signifies a change in market momentum. With the success of the ANA and summer winding down, buyers are back into the market and ready to participate once again. Dealers need coins for these aggressive buyers and are willing to pay in advance of current listed wholesale prices for properly graded coins. In addition, with bullion having retreated significantly in the last few weeks, it affords investors another opportunity to buy modern issues at reduced levels from the recent highs. This lower market also attracts those who buy generic U.S. Gold coins, $5s, $10s, and $20s since these values have also dropped in recent weeks. As long as collectors are confident in the future rise in bullion, todays prices can represent great opportunities for future growth. Results from the ANA are apparent in this weeks LD Wholesale Market Dealer Price Guide, especially for the early issues from and around 1800. Bust and Seated material continue to create higher wholesale prices. We have added new prices to specific issues in grades where we previously had no active information. For example, in the Half Dimes, the 1842 O in MS 66 is now listed at $19,500 wholesale and the 1853 O No Arrows in MS63 at $15,000. Issues such as these typically have a very low census and do not trade very often. There are many other increases this week, including Half and Large Cents. 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 Stellas 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 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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