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NumisMedia Weekly Market Report
September 20, 2010
Gold Headed to $1,300?
Long Beach week is here and so far Gold is up above $1,280. The question is whether it will hold throughout the show. Dealers are hopeful that the metals remain positive because it will mean a big psychological lift for activity; increased activity means better profits. Silver has been very strong with lots of buyers for related bullion items. Silver Dollar bags and silver coins are popular, as well as silver bars. There is still lots of money pouring into numismatics, coming from savings accounts and the stock market.
With Gold surpassing its previous high of $1,261, the market for Modern Bullion coins is brisk. Gold Eagles are traded daily at most coin shops and supplies seem to be readily available. As long as supplies hold up, premiums should remain low. The 2009 UHR is commanding a lot of attention as several dealers are pushing prices higher. In this week's Moderns Wholesale Market Dealer Price Guide, the extremely rare Early Release Prooflike coins have advanced in MS69 and 70 to Market prices of $3,400 and $8,250, respectively. The $10 Spouse Gold, especially the 2008 coins, is very tough to find in MS70. Several dealers continually run buys for these coins as well as most of the MS69's.
The one ounce Proof Gold Eagles in the original government packaging have faltered somewhat. They are currently wholesaling for $1,575. The Proof Silver Eagles are trading at $54 among dealers. The new Proof Platinum $100 coins are creating some excitement. Dealers are willing to pay at least $2,050 for sealed delivered from Mint boxes. These are sold out at this time. The rest of the modern series, Lincoln Cents through the Presidential Dollars are rather quiet as buyers for most of these coins are bargain hunting for anything below the highest grades.
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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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