 
NumisMedia Weekly Market Report
Current News and Analysis of the
United States Rare Coin Market
November 19, 2007
Coin Market Robust While Gold Drifts Lower
The metals have fallen this past week, but they appear to be solid at these prices. Analysts believed the metals would test the current levels before heading back on a path toward new highs. However, we could see a rocky road the rest of the year depending on outside economic factors such as the Dollar and Oil.
If the just completed Baltimore Coin and Currency Convention is a barometer of things to come, then the FUN Show should be very explosive. Baltimore was very active, both wholesale and retail. In addition, recent auctions indicate that competition for true rarities is quite strong with multiple potential buyers for most coins. The fact that there are more than a handful of active buyers for rarities places a premium on these issues. It makes for higher prices and serves to establish new wholesale levels.
The amount of activity we are seeing on the teletypes is phenomenal. Wholesale is extremely active with buyers and sellers trading coins in high volume. Even though industry retail sales are immeasurable overall, it is obvious that dealers are buying for collectors (investors). The Wholesale Market Dealer Price Guide reports a massive number of increases for High Denomination issues from Half Dollars through $20 Gold. Nearly every series has increases; dealers are looking for just about anything within these series that is properly graded and has some eye appeal.
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