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Dealers were pleased with the turnout at the Baltimore Coin Show this past week and sales were beyond expectations for the most part. It would be difficult to find a series prior to 1940 that is not active in this market. The next major show, the ANA National Money Show, runs March 6-8 in...
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Results from the $10.7 million Husak Large Cent Sale affords us the opportunity to update some extremely rare dates in this week’s Lower Denomination Wholesale Price Guide. Many of these coins are so rare they cannot be duplicated by grade. Please check the Heritage website for prices realized...
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After a slow start in Long Beach, the majority of dealers wound up having a very successful show. It was perhaps the most retail activity dealers had seen at this show in a very long time. Wholesale activity picked up as the show progressed. The three major auctions last week...
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The week starts off with two Pre Long Beach Auctions; one hosted by Ira and Larry Goldberg and the other by Superior Galleries. The Goldberg’s Sale has seven sessions running February 10-13 with over 3,500 lots at the Crown Plaza in Beverly Hills. The Superior Sale has two sessions on February...
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This year has begun with a separation of rarity (mintage and/or quality) away from common material. Most collectors are continuing to advance their skills, looking for more important features such as date and grade. They are not just trying to add more coins to an accumulation; these...
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Gold and Platinum continue to attain new highs. Gold moved past the $925 mark and now rests at $926.20. Platinum is headed toward $1700, currently at $1695. Silver continues to move solidly, now at $16.55. As strong as the metals appear, many analysts feel there could be a correction,...
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The metals are down markedly this morning as profit-taking leads the way. However, rare coins continue to be extremely active at current FMV levels or higher. The FMV has been modified for many rarities (mostly higher) as we receive more results from the FUN Show. Throughout this...
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The FUN Convention could very well have been the best coin show ever. If not, it certainly was the best FUN Show ever. The sales volume runs into the hundreds of millions of dollars which includes the major auctions and dealer-to-dealer sales prior to the show. It was phenomenal from start to...
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The majority of the country’s coin dealers are in Florida this week for the annual FUN Convention. There are several major auctions prior to and during this tremendously popular show. These combined events should make for a big start to 2008. Collectors should be out in force with plenty of...
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FUN is several days away and it is bound to start the year with hundreds of millions of dollars in sales. The dealer community is looking forward to a very active year. With the metals searching for new highs the market could very well distance itself from all other forms of...
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Some dealers continue to reduce inventory as the year winds down. Most of these coins are selling to other dealers who need them for their clients. There seems to be more lists of coins for sale on the wholesale networks, however, we do not see much discounting of these coins. In fact, when...
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Activity in the coin market may be slightly lower; however, this is typical for the year-end and holiday season. Many major companies try to reduce inventory at the end of the year so they are not quite as active on the buying side. Yet, they are still maintaining strong prices for the coins...
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Bullion stumbled this past week; however, dealers reported a considerable amount of trading in modern bullion issues. It appears that collectors (investors) are taking advantage of lower prices. While Gold fell to just over the $780 mark on Friday, it is up over $788 at this time. The year end...
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Higher gold equates to a more active coin market, but it is not the only driving force. Rare coins are as active as ever and the amount of money available for rarities is plentiful. Astute collectors are acquiring properly graded rarities at a time when there appears to be no apparent...
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The metals have fallen this past week, but they appear to be solid at these prices. Analysts believed the metals would test the current levels before heading back on a path toward new highs. However, we could see a rocky road the rest of the year depending on outside economic factors such as...
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The week starts with a hefty decrease in metal prices. After last week’s strong advance over $830 an ounce, gold has dropped back near the $800 level this morning. Silver and Platinum are down to $14.71 and $1386, respectively. The next few days will be important in determining whether this is...
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The metals remain very strong with gold leading the way. Gold surpassed $800 on Friday and seems to be holding steady in morning trading. It is currently at $804.30 and Silver is down just a touch at $14.52. Platinum is higher at $1459. One of the interesting aspects of this current market is...
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Bullion is hot and all generic issues are advancing. In early commodity trading gold surpassed the $790 level on its way toward $800. It has since retreated to $787, but that is still up over $4.00 on the day. This has an extreme impact on all modern bullion issues. In this kind of market,...
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Just a reminder, this is the first week with the new format for the Wholesale Market Dealer Price Guide. This week you will receive the Classic LD, Lower Denomination Price Guide, with an Indian Cent on the cover followed by next week’s Classic HD, Higher Denominations, featuring a Morgan...
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The metals continue a fast pace toward higher levels. With oil busting through the $85 level, it looks like confidence in the U.S. Dollar remains weak. What this means for numismatists and bullion investors is they need to pay attention to the fast swings before committing to transactions,...
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