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NumisMedia Weekly Market Report
January 26, 2009
2009 Ultra High Relief $20 Gold on Sale
The metals have been heating up and there was a lot of activity on the U.S. Mint's website last week as the 2009 Ultra High Relief $20 Gold went on sale. The initial price was set at $1,189 and there were dealer-to-dealer wholesale confirmations as high as $1,450 for these First Strikes. Dealers were scrambling on the teletypes to get their orders confirmed from those who completed successful orders, but the limit of one per household created delays when ordering directly from the Mint. Most dealers and collectors believe this could be a great collector coin for the future.
Although Gold is higher, there is a large amount of declines in this week's LD Wholesale Market Dealer Price Guide. An obvious weakening in the overall market was substantiated from the results of the FUN Convention. Heritage amazed with realizing over $50 million dollars in auction sales, even in this down economy, but the lower prices in various series cannot be ignored. With this many millions of dollars in sales, it is evident that there is money available for the right coins. However, many buyers are now looking for not only the right coins, but at discounted prices. There is nothing wrong with trying to maximize your dollars, but we may continue to see declines in this type of market.
While we do see a large influx of decreases this week, there are still many increases to offset much of the negativity. Copper, including Half Cents, Large Cents, Indian and Lincoln Cents saw many issues trading at higher levels in grades not often seen. Copper has a very strong following of collectors not seemingly affected by the natural cycles that occur in other areas of numismatics. Several Large Cents moved higher in many grades including the 1794 Head of 1794, 1798 1st Hair Style, 1803, 1805, and 1808. A lot of Half and Large Cents in specific grades do not trade often enough to maintain fresh wholesale prices so when they are offered at auction, it can create a multitude of adjustments throughout.
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NumisMedia Weekly Dealer Price Guides
Weekly and Online Wholesale Prices
NumisMedia presents Wholesale Dealer Prices representing dealer trading levels for properly graded sight-seen coins.
Subscribers to the Dealer Price Guides will receive our Weekly Wholesale Market Dealer Price Guides and access to all of our Online and Mobile Price Guides: Market, FMV, PCGS, NGC, CAC, & Plus +.
Our Weekly NumisMedia Wholesale Market Dealer Price Guide package of 52 issues a year includes:
The Classic HD has grades from Fine through MS68 in every U.S. series in the higher denominations: Halves, Dollars, Gold, and Commemoratives.
The Classic LD has grades from Fine through MS68 in every U.S. series in the lower denominations: Half Cents through Quarters.
The Moderns Edition has grades from AU50 through MS70 in every Modern series.
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NumisMedia Weekly Extra
Weekly PDF Publication
Now included for all NumisMedia Dealer Subscribers and Members, the NumisMedia Weekly Extra Wholesale Dealer Prices, in PDF format only.
This comprehensive look into the coin market is our most complete publication yet, and it's got everything dealers have been asking for.
This easiest way to get your copy of the new Weekly Extra is with an Online-Only Dealer Subscription, for as little as $20/month.
All NumisMedia Dealer Subscribers and Members will receive the Weekly Extra, in PDF format, every Wednesday, via email, or download from numismedia.com/extra after post.
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