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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

October 6, 2008

Demand is High for Coins with Potential

     Dealers have been noticing a major push into rare coins and metals. Gold, Silver, and Platinum are drawing lots of attention lately because of the dramatic downward trend of world economies. Even though the metals have been adjusting up and down, many analysts predict that much higher levels will be the ultimate result.

     But not all coins are in demand right now, and the changes in this week’s Moderns Wholesale Market Dealer Price Guide indicate the many variables in this market. In most modern series, such as Lincoln Cents, Jefferson Nickels, Roosevelt Dimes, and Washington Quarters, you will find that the two highest grades reported are typically steady to higher. This is due to Registry Set collectors maintaining their status or trying to improve their positions. However, the more commonly encountered lower grade issues are not seen as having great potential because of their high populations. The industry has temporarily lost many of these mid range collectors due to economic conditions. Most buyers now are looking for potential growth, not just adding to collections.

     Proof Lincoln Cents from 1909 to 1938 are very active at today’s wholesale prices. In addition, the 1909 to 1916 coins continually bring prices in advance of then current market prices. These dates all have very low populations and original mintages are insignificant. When you consider the rate of attrition and the fact that circulated pieces are difficult to identify, demand in this area could create much higher wholesale prices in the future.

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

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