NumisMedia

NumisMedia Article Archives

Informative and educational articles from some of the hobby's leading numismatists

NUMISMEDIA IS SPONSORED BY

Intercept Shield

Back to the NumisMedia Home Page



NumisMedia Weekly
NumisMedia Weekly Market Report


Current News and Analysis of the

United States Rare Coin Market




December 10, 2007

Market Persistence Continues


     Activity in the coin market may be slightly lower; however, this is typical for the year-end and holiday season. Many major companies try to reduce inventory at the end of the year so they are not quite as active on the buying side. Yet, they are still maintaining strong prices for the coins their clients need.

     We are not seeing any fire sales in order to reduce inventory; in fact, most dealers are consistent with their wholesale buy prices, but sellers are not willing to drop their ask prices to consummate deals. There are numerous advances this week in the Wholesale Market Dealer Price Guide for Early Half Dollars through all of the Classic Gold Coins. A rash of increases for specific grades punctuates most series. Many of the actual trades are usually slightly above these levels.

     The metals continue to play havoc with collectors and investors as the daily swings have a tendency to scare potential buyers. This morning the metals are all markedly higher with Gold surging back above the $800 mark. This level makes for an increase in holiday gift items. Many collectors enjoy giving bullion coins to potential new collectors at this time of the year.







Go to the Weekly Market Report Archive









Search NumisMedia

Keyword search all of our past and present numismatic articles

Custom Search





Specials for NumisMedia Price Guides


Brought to you by

E-mail questions & comments to info@numismedia.com
Copyright © 2017 Numismatic Interactive Network, LLC
All Rights Reserved. Terms of Use - About Us - Help Center





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