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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

May 27, 2008

Long Beach Begins, Gold Down

     The Long Beach Expo is here and Gold Bullion is down over $15 this morning. However, it is still over $900, currently at $909. Since our last update, most of the common generic U.S. Gold coins have advanced in grades Good through MS62. At the same time, some of the common issues in MS63 and higher have lost a little of their premiums because there is so much inventory available. Dealers believe this is simply a matter of a temporary shortage of cash in conjunction with an excessive number of coins in the market.

     This week’s HD Wholesale Market Price Guide shows a vast array of increases for truly rare issues. Circulated Flowing Hair Half Dollars have increased due to limited availability. These coins have strong demand if they are problem-free. The Mint State coins remain very active at current Market prices and most of these are not available because their census numbers are so low.

     All Dollars from Bust through the Peace series are in demand. Bust Dollars in all grades seem to be attracting sales from dealers and collectors, whether it is from retail ads or major auctions. Attractive coins bring premium prices. Buyers for Seated and Trade Dollars appear to be concentrating on high grade uncirculated dates, although lower grades are receiving a lot of attention too. Morgan and Peace Dollars are steady to higher in MS64 and higher, while the highest grade DMPL Dollars are bringing monstrous prices. This niche market seems to be getting bigger and stronger.

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

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