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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

July 7, 2008

Dealers Enjoy Leisurely Fourth

     The Fourth of July delivered a somewhat slow week for the coin market. Wholesale activity was down last week as most dealers took the opportunity to spend time with their families or just simply wind down. Most business on the teletypes appeared to be related to bullion with Gold and Silver moving higher throughout the week. However, this morning the metals are down considerably. Make sure you check current prices before completing any trades.

     This summer is beginning to reveal some slight softness in several areas of the market. We recently mentioned that the more common coins require discounts to attract buyers. However, we are now noticing that some of the rarities are not bringing as much of a premium as they had been over the last year. It appears that some of the competition for early rarities has departed, although we believe this is temporary. Recent transactions indicate various Seated Halves and Dollars have dropped just slightly as buyers are looking for bargains.

     Nevertheless, there are still plenty of advances this week in the HD Wholesale Dealer Market Price Guide to remind us that serious collectors are still in the market when certain coins are available. Early Dollars show a multitude of increases for most dates in the series. Even the dates that remain unchanged are steady at present levels. There are simply not enough accurately graded coins available in today’s market. Deep Mirror Prooflike Morgan Dollars continue to be on the radar with many advances in high grades that have low census numbers. There are some mighty strong collectors in pursuit of the finest available dates.

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