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With the Long Beach Expo less than two weeks away dealers are already visiting California for a quick start on wholesale business at surrounding coin shops. There are also two major auctions just prior to the show beginning with Superior Galleries the morning of May 27th and then the Ira and...
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Registry Set collectors continue to show strong interest in the highest grades for the series. Many increases are included in this week’s Modern Wholesale Dealer Price Guide. Especially active are the Kennedy Half Dollars in 1965 to 1967 SMS specimens. Cameo and Deep Cameo high grades are...
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The Central States Numismatic Society Convention takes place this week in St. Louis, May 9-12. The Heritage Signature Sale will surely attract the attention of many serious collectors and dealers. The rarities in this sale will help define current market psychology. Judging by...
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There is plenty of excitement in the market these days but the most fascinating news may well be the sale of the finest known 1913 Liberty Head Nickel which changed hands for $5 million. This is the Legend coin graded PR66 and previously a part of the Eliasberg collection; it now belongs to a...
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This week’s Classic Wholesale Market Dealer Price Guide indicates many changes in the Morgan Dollar section. However, many of the better dates are not available so the increase in wholesale levels is practically fruitless, but dealers feel this is the only way to attract potential...
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This past week has brought a sharp increase in many U.S. Bullion related coins. Not only have the modern issues moved higher but the older U. S. Gold coins have increased as well. The premiums continue to be at very advantageous levels if you are considering purchasing common $5, $10, and...
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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...
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While the overall coin market is generally steady, there are signs that all is not perfect. We are seeing more areas being discounted in order to create sales. Dealers remain very active in the wholesale arena because they know this is the only way to make money. However, retail has become...
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It appears that the new mint products are having an objectionable influence on today’s rare coin market. More dealers are concentrating on these latest bullion coins and the public is spending millions of dollars on them. The overall result is that fewer numismatic coins are trading right now...
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With back-to-back Major Shows it is difficult to expect too much from individual results. Charlotte was just okay for most dealers, but they expect more out of this week's Baltimore Show. Some dealers say this is like having twice the expenses but only one result that profits can be measured...
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Dealers are about to find out how good the coin market is as they travel to Charlotte for this week’s ANA National Money Show. Despite the negative run bullion has had the last two weeks, there are many positive areas in the real coin market. In addition, when the metals falter as they have,...
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This past week found the metals taking a major dive from recent highs. Gold fell over $40 to the current $641.40. Silver fell nearly $2.00 and now stands at $12.73. Platinum did not fare any better as it dropped to $1172. With these major declines it affords dealers and collectors...
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The metals continue to lead the market as activity shifts to modern mint products. There are so many new collectors getting involved in these modern coins that many dealers have changed their focus to accommodate their wishes. Dealers will tend to reposition their businesses to where the most...
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Severe weather conditions, mostly on the Eastern half of the United States, took a toll on the just completed Long Beach Expo. Many dealers were not able to attend because of cancelled flights and the end result was that business was down compared to previous shows. On the other...
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Market trading indicates that Seated Dollars are very active. Properly graded coins will command well above previous levels and normal dealer wholesale bids do not entice sellers. This is definitely a seller’s market for coins that fit the grade. As we reported last week, the $5...
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We continue to add new price information for high grade rarities. We are also finding so-called common issues that are worth much more than Type counterparts. It looks like dealers are back in the market for Gold Indians. The $2 1/2, $5, and $10 Indians are in...
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Collectors remain steadfast in pursuit of quality material. They have become more astute in the last several years and price is not the main issue. If the coin is graded properly, they will pay a very competitive price. We have observed this in everyday trading of Lincoln Cents,...
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With the Long Beach Expo just a few weeks away dealers are already making plans for arriving early to visit local coin shops and attend the Pre Long Beach auctions. It should be a rewarding 10 days in Southern California. We continue to monitor dealers transacting sales of high...
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Today’s market may not be what everyone wants, but it is certainly active enough to make money. We may have entered into more of a niche market as specific types of coins are in demand; without a specialty, some dealers may have just an average year. This year we could see a...
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Chalk up another success story for the FUN Show Committee. Dealers came to see how the first show of the year would unfold. Collectors came to spend money and the auctions continue to draw a major portion of the sales. The bourse floor was constantly busy with buying and selling from start to...
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