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NumisMedia Weekly Market Report
September 28, 2009
Gold at $1,000 and Looking for Direction
The Whitman Coin and Currency Show exceeded most expectations. There were over 400 bourse tables for this first time show and the majority of dealers have already signed up for next year. There appeared to be a constant stream of collectors roaming the show all the way to closing. The public was quite impressed and dealers had high praise for the show promoters.
The overall market appears to be more positive especially for earlier Classic coins. Collectors are looking for bargains but they are buying when they feel the price is appropriate for the grade. The Moderns Wholesale Market Dealer Price Guide exhibits a mixed market with numerous declines for some MS and Proof 70 issues. We are finding more of these declines because of an increase in the populations of available coins. This is especially so for Modern Commemorative Dollars and $5 Gold.
Buffalo Gold is still a hot series. Dealers are constantly looking for all dates and grades and will pay premiums if they are in the original government packaging. There is a long list of increases in the Buffalo chart. Modern $10 Gold is very active and shows mostly higher Market prices. All the Modern Bullion coins are a function of the metals and direction is key for the next month. If Gold cannot hold above the $1,000 mark, then many analysts feel it can test back near $950. On the upside, if it cracks through $1,030 then it could just shoot toward $1,100. The Market price of the UHR has drifted lower due to an increase in the number of coins being sold by the Mint. It looks like the real collector value in these coins will be in the Early Release coins.
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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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