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The metals have moved higher today after last week’s major decline. Gold fell below the $800 level for the first time this year and Silver dove to under $13. The U.S. Dollar appears stronger overseas and oil is dropping. The U.S. economy is still questionable at best so investors are very...
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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...
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This past week’s Baltimore ANA was a tremendous success for the majority of the attending dealers. Wholesale trading was much better than expected and the throngs of collectors attending were anxious to locate and buy coins they needed for their collections. This resulted in many dealers...
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This should be an interesting week in Baltimore with thousands of dealers and collectors attending the Annual World’s Fair of Money. Many dealers are already there in hopes of getting a jump on business. The demand for low census rarities continues with buyers paying in advance of current...
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The Baltimore ANA is just one week away and the anticipation is growing; dealers and collectors are preparing for what they expect to be a tremendous convention. Most dealers feel the summer has been somewhat slow mainly because collectors have been waiting for this annual landmark event. The...
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Gold and Silver are both approaching recent highs and analysts feel they are destined to advance even higher. The weak economy seems to support higher prices. This week’s Modern Wholesale Dealer Price Guide presents many increases for bullion related modern coins; however, there are still many...
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Wholesale activity was down last week as most dealers took the opportunity to spend time with their families or just simply wind down. Most business on the teletypes appeared to be related to bullion with Gold and Silver moving higher throughout the week. However, this morning the metals are...
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The overall coin market continues to be slightly lethargic. Average common coins are somewhat difficult to sell and aggressive dealers typically offer discounts in order to sell quantities of this type of material. Most dealers feel this is how the next month will be until the ANA in...
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With the exception of the highest graded coins within a specific date, modern issues are finding a less than enthusiastic marketplace. There are many declines in this week’s Wholesale Market Dealer Price Guide. The large supplies of the lower quality coins means discounts are needed in order...
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The market for early rarities continues to be vigorous as long as the coins are accurately described with no obvious problems for the grade. Eye appeal continues to attract premium prices for such rarities. This week’s HD Wholesale Market Price Guide has plenty of increases for many issues...
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As expected the Baltimore Coin and Currency Convention drew a large attendance from both dealers and collectors. The show began strong for most dealers with the continued search for early coins from the 1800’s to the 1860’s in most grades. High grade Mint State and Proof Seated coins continue...
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The Long Beach Expo was better than expected with more dealers and collectors in attendance than anticipated; although, the show did slow down toward the end. Dealers and serious collectors know the best time to do business at most major shows is the first couple of days. Early Type coins and...
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The Long Beach Expo is here and Gold Bullion is down over $15 this morning. However, it is still over $900, currently at $909. Since our last update, most of the common generic U.S. Gold coins have advanced in grades Good through MS62. At the same time, some of the common issues in MS63 and...
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The Long Beach Expo is just a week away and already dealers from out of town are in the Southern California area. Three times a year the Expo attracts an enormous number of dealers to Long Beach for trading at local coin shops and bidding at major auctions. Ira and Larry Goldberg will conduct...
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Early Proof Lincoln Cents from 1909 to 1916 are extremely difficult to purchase at today’s levels. When these coins are available they bring premiums to previous prices if they are nice for the grade. Even average coins are in demand because of the lack of coins in the marketplace. Registry...
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The recent decline in bullion has caused generic U.S. Gold coins to fall, some issues substantially. Common low grade Twenties are down $100 since the last Wholesale Price Guide was printed. The Tens and Fives are lower by about the same percentages. In addition, the $5 and $10 Indians have...
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Bust Quarters are showing strength much like other areas of Early Type. The Capped Bust issues from 1815 to 1828 have been solid for quite awhile but now dealers are raising their buy prices in an effort to locate nice coins for their customers. This week’s Wholesale Price Guide lists numerous...
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Proving once again that rarity is key to numismatics, the Queller Family 1804 Bust Dollar sold for $3,737,500 in the Heritage Signature Sale at last week’s Central States Convention. It is a Class I Original coin and certified by NGC as PR62. The market continues very strong for rarities such...
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The Central States Numismatic Society Convention begins Wednesday in Rosemont, Illinois. The Chicago area and surrounding states are a good source of collector activity so dealers are expecting heavy trading. The market continues to be very good for coins that are less frequently found in...
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After a major correction in the metals this past week, the momentum has reversed and has begun to climb back upward. Buyers seized this opportunity and fresh demand forced prices to surge higher in the last few days. This morning, Gold is up over $12.00 at $926.00 and Silver is up nearly $.40...
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