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NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

September 21, 2009

Dealers to Compete for Gold in Philadelphia

     The Whitman Coin and Currency Show could prove to be a winner in Philadelphia this week. This area of the country is capable of drawing attendance from many surrounding states. Bowers and Merena will host a pre show auction September 21-23 and Stack’s will host the official auction September 23-26. Dealers have been anticipating this show for nearly a year and, if the metals hold up, it should be a very active week.

     There is an assortment of Market adjustments this week in the HD Wholesale Market Dealer Price Guide. Early Type is popular but it requires some discounting to move many of these issues. Collectors know that dealers are in a selling mood so prices have been somewhat flexible. There have been several 1795 Flowing Hair Half Dollars trading over the last month, thus causing the Market prices to fall slightly in grades Very Fine through AU58. The common Heraldic Halves (1801-1807) have gone down a little in the same grades. Capped Bust Half Dollars have retreated to some extent in AU through MS66; there have been many coins offered in the market at reduced prices.

     At the other end of the spectrum, the U.S. Gold market is drawing strong interest at this time. Dealers have been scouring the wholesale trading networks and jostling to outbid each other for the Gold coins they need for their retail customers. All denominations are active even though there are some downward adjustments where prices have met some resistance. The most active are $10 and $20 Gold where nearly all grades are advancing for the more common dates. The $5 Liberty Gold, which is usually the least active of all denominations, is having a nice run; it looks like collectors are beginning to take advantage of this area.

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NumisMedia Weekly Archive
Current News and Analysis of the U.S.
Rare Coin Market