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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

September 2, 2008

Rare Coins Attracting Higher Buys

     The wholesale market for truly rare coins remains steadfast. Dealers have been very competitive because they have very strong buyers for these scarce issues. Astute numismatists realize that rarity and quality combined make a great team. Recent auctions bear this out and future auctions should continue to show more of the same.

     This week’s LD Wholesale Market Dealer Price Guide shows numerous increases for Half Cents and Large Cents. Many of the advances are for low census coins in higher grades. Collectors know these coins are not easily located and they have to be ready to confirm the deal when specific issues come along. The Market price for the 1804 Plain 4 Stemless Half Cent in MS65 Brown advanced to $6,950; the 1793 Wreath Cent moved to a higher $29,500 in MS60.

     Indian and Lincoln Cents, both Mint State and Proof, show a variety of increases for specific issues that traded this past month. Further, we are not finding much in the way of discounting for properly graded coins in these series. They are always popular and the current Market prices seem to be right in line with wholesale trading. Bust and Seated Half Dimes, Dimes, and Quarters continue to be very active at present levels, although there are some specific dates and grades that advanced due to higher trading levels.

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

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