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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

June 23, 2008

Market Softens for Moderns

     With the exception of the highest graded coins within a specific date, modern issues are finding a less than enthusiastic marketplace. There are many declines in this week’s Wholesale Market Dealer Price Guide. The large supplies of the lower quality coins means discounts are needed in order to entice buyers. We are also finding some declines in the PR70 grades of modern issues, especially in Jefferson Nickels, Roosevelt Dimes, Washington Quarters, Kennedy Halves, and some Silver and Gold Eagles. The slow economy has definitely hurt this area of the coin market.

     On a positive note, the low census highest graded issues continue to command strong prices. Registry collectors are so avid they are not about to let the economy spoil their collecting habits. Further, most of the collectors who purchase coins in this manner are not average consumers who are affected by today’s economy. Early Proof Lincoln Cents, 1909 to 1916, remain very active at current wholesale levels. In fact, most of these coins continue to bring serious premiums when they are offered in auctions. Any of the grades from PR63 and higher in Brown or better will attract very aggressive bidding.

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

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