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Coin Market Report
 courtesy of...
numismedia

May 12, 2008

Early Proof Lincoln Cents from 1909 to 1916 are extremely difficult to purchase at today’s levels. When these coins are available they bring...[READ MORE]

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Showing results 1-20 of 20 on page 1 of 7.

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05/12/2008 - Mixed Market for Modern Issues

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... [ READ MORE ]


05/06/2008 - Early Coins Maintain Durability

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... [ READ MORE ]


04/28/2008 - Bust Quarters in Demand

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... [ READ MORE ]


04/21/2008 - Queller 1804 Dollar Brings $3,737,500

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... [ READ MORE ]


04/14/2008 - Steady Market Expected at Central States

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... [ READ MORE ]


04/07/2008 - Metals Stabilize; Move Higher

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... [ READ MORE ]


03/31/2008 - Lower Metals Attracting Buyers

The recent downturn in metals is attracting buyers to Modern issue bullion coins. Dealers are currently trading large quantities of bullion coins on the wholesale teletype networks. Not only are buyers looking for Gold Eagles, Spouse and Buffalo Gold, they also want early $5, $10, and $20... [ READ MORE ]


03/24/2008 - Early Gold Leads Healthy Market

Despite the metals reversal of fortune this past week, the coin market remains as healthy as ever. The Higher Denomination Wholesale Price Guide exhibits a considerable number of advances this week due to buyers raising their bids. Early Gold again leads the way, especially in Mint State... [ READ MORE ]


03/17/2008 - Rarities Continue Advance

In the last six months, we have seen quite a rise in early type. For example, Draped Bust Dimes in MS60 had a wholesale market value of $14,250 in early February; this week they rose to $16,500 based on dealer buy prices. We are certain it would take even more to buy one wholesale. Astute... [ READ MORE ]


03/10/2008 - Seller's Market Remains Strong

Dealers remain very competitive in today’s market. They are continually raising their buy prices for wantlisted coins with low availability. The profit margins can be very lucrative if they locate the right coins; for example Early Gold ($2 ˝, $5, & $10) in XF and higher grades has... [ READ MORE ]


03/03/2008 - Competition Intense for Rare Dates

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... [ READ MORE ]


02/25/2008 - Amazing Market Sizzles

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... [ READ MORE ]


02/18/2008 - Business Brisk in Long Beach

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... [ READ MORE ]


02/11/2008 - Long Beach Week Begins

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... [ READ MORE ]


02/04/2008 - Demand Strong in Most Series

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... [ READ MORE ]


01/28/2008 - Another Week, Another Record

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,... [ READ MORE ]


01/21/2008 - Metals Down, Rare Coins Up

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... [ READ MORE ]


01/14/2008 - FUN Show Characterizes Strength

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... [ READ MORE ]


01/07/2008 - Year Begins with Dealers in Florida

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... [ READ MORE ]


12/31/2007 - Happy New Year to All

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... [ READ MORE ]


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