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NumisMedia Weekly
NumisMedia Weekly Market Report


Current News and Analysis of the

United States Rare Coin Market




August 9, 2010

Dealers in a Buying Mood as ANA Begins


     Many dealers have reported decent activity at the two Pre-ANA Shows. Demand is currently high as most dealers in attendance were in the market to buy. Granted, they are not looking for the more common coins, but they are definitely seeking the vast majority of better coins in most series prior to 1930. Gold moved back over the $1,200 mark this past week which should lead to increased buying and selling of U.S. gold. There has been a dramatic downturn in one-ounce Proof Gold Eagle prices. Dealers are now trading them in the $1,650 range. A few weeks ago, they were just over $2,000 per ounce.

     There are very few changes in most modern series this week. The majority of prices are at solid trading levels. Much of the common coins from Lincoln Cents to Presidential Dollars are very low priced and should remain steady. In this week's Moderns Wholesale Market Dealer Price Guide, most price changes are in the bullion coin series. Many of the Gold Eagles are lower since last month. Gold Eagles in Ultra Cameo PR69 are now down to $1,700 for common dates and the PR70's are lower at $1,900. Platinum is up since the last Moderns issue, so many of the Platinum coins are higher in MS69.

     While the $5 and $10 Gold Commems have declined in MS69, PR69, and lower grades, many of the $10 Spouse coins in 2008 and 2009 are higher in 69 & 70. There is very strong demand for most of these later dates in high grades and supplies are very thin. The L. Tyler in MS69 is up to $775 Market and the MS70 is now $850. The J. Tyler rose to $850 in MS69 and $925 in MS70. The 2008 Buffalo Gold is still very active at current levels.







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