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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

September 24, 2007

Gold Surpasses $730

     Gold bullion passed through the $730 mark with little resistance, but seems to have stalled. Dealers are concerned about being short of inventory at this time because the market uncertainty could lead to much higher prices.

     The latest edition of the Wholesale Market Dealer Price Guide shows thousands of increases this week as dealers are searching but not finding coins for their customers in this hot market. All the early U.S. Gold series are advancing in most grades. Dealers and collectors are still paying in advance of wholesale levels for low population, high-grade rarities.

     Registry collectors remain very strong in their pursuit of highest graded coins especially if they have a population of less than five coins. Early Bust U.S. Gold continues strong with several dealers trying to increase their inventory of these rarities. Deep Mirror Proof Like Morgan Dollars also fall into this group of actively sought after coins. Many of these high-grade rarities have been advancing for many months now.

     We anticipate much to report next week after the Long Beach Expo and Heritage Signature Sale this week.

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