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NumisMedia Weekly Market Report
August 30, 2010
Demand for Rarities Persists
The coin market may not be hot, but it has been strong for key dates to rarities, along with high-grade coins that have exceptional eye appeal. As we have mentioned many times, there is plenty of money for the coins that are not often available on the market. Dealers have long lists of coins they need for their clients and the areas of the market desired are varied. Current demand is strong within most series, and, where demand is not great, sales take place on a daily basis within 10% of the current levels. This fact alone exhibits that there is depth in this market.
Heritage has recently announced the offering of an 1856 O $20 Gold in the upcoming Long Beach Sale. This coin is an XF45+ graded by NGC and is sure to attract some inspired bidding. Over the last four years, sales for this date have been recorded from $250,000 to over $500,000 in XF to AU58. No coins have been graded above AU58. In the past few weeks, we have noticed that many coins with the new + designation, especially when it is used on a known rarity, will bring the value for the next higher grade. Dealers and collectors are looking for graded coins in old holders that could qualify for this new designation.
Gold has been steady the past week near the $1,240 mark. One ounce Proof Gold Eagles are currently trading among dealers at $1,675. The new one ounce Proof Platinum coins are already trading at a premium ranging from $1,950 to $2,100. In this week's Moderns Wholesale Market Dealer Price Guide, the majority of changes are found in the bullion series. Most of the Gold Eagles have increased, however, the Platinum coins are a touch lower since the last Price Guide. The 2009 $20 UHR is robust at current levels in MS69 and MS70, along with coins in original packaging. Supplies appear to be rather thin versus the current demand.
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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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