|
NumisMedia Weekly Market Report
October 4, 2010
Market Momentum Accelerates for U.S. Gold
The majority of dealers were satisfied with the recent Whitman Coin & Collectibles Expo in Philadelphia. Collector attendance was not as good as expected, but most dealers found success in dealer to dealer trading. With metals continued advance to higher levels, the few collectors in attendance were more than happy to buy bullion related coins. For most dealers it is all about turning over inventory as quickly as possible.
In this week's HD Wholesale Market Dealer Price Guide, there are numerous advances in the Gold charts. These series spur the market and it is obvious that advanced collectors and investors are looking for better U. S. Gold by date, quality, or both. It is noteworthy that many rare date Gold coins do not trade very often, especially in the higher grades, but when they do, prices are typically at premiums. In addition, if a coin has not traded for many years, the new trading level is likely to be a record price. For example, the 1891 CC $10 Gold was previously unreported in MS65, and with the sale of the NGC coin in the Heritage Sale, we now have a Market price of $57,500. The 1851 O $20 Gold advanced to $43,500 in MS62 due to recent activity.
Silver Commemoratives are a very active series. Most coins trade at Market or a little over for the scarcer dates. However, if the toning is not attractive, coins will trade at discounts of Market. This series is much more active than it was a year ago and prior, but it is all a matter of eye appeal. Gold Commemoratives are still showing discounts for many of the coins in MS64 and higher. We have not noticed any dealers trying to take a position in this series and until they do, prices could linger.
|
|
|
|
|
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.
|
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.
|
|
|
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
