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NumisMedia Weekly Market Report
October 27, 2008
Soaring Demand for Gold and Silver
There are still Registry Collectors looking for the highest graded Modern Issues for their sets and are willing to pay top prices. However, there are many more sellers of Modern Issues today than there were a few months ago. More middle range collectors are strapped for cash and are now sellers rather than buyers. This creates a lot more inventory in the market and is reflected in this week's Moderns Wholesale Market Dealer Price Guide. The number of declines in Lincoln Cents, Jefferson Nickels, Roosevelt Dimes and Washington Quarters is rising and demand is reduced to bargain hunting.
In the past month since the last Moderns issue, Platinum has dropped over $240 leading to many declining prices in this week's issue. But many analysts and investors feel there are buying opportunities available. While the economy downsizes, the value for Platinum has declined because it is primarily used for industrial purposes. However, when the economy turns around, Platinum should regain its stature as a powerful resource and investment. Despite all the declines for Platinum coins, there are a few increases for coins that grade MS or PR70.
While Silver has fallen to the $9 mark, the demand for Silver Eagles continues to rise. Excess supplies from the last few months have been reduced to very limited physical supplies. We are seeing premiums of $5-$6 per ounce for the most common dates in any quantity. Even though the Silver contract price has fallen this past week, graded Silver Eagles are virtually unchanged with a few increases in the higher grades. Gold has also dropped this past week, but Eagles remain very active. Demand has forced premiums to increase with only small quantities being offered on the teletype systems among dealers. Coin shops are not finding many sellers so very little is coming through the doors lately.
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NumisMedia Weekly
Dealer Price Guides
Weekly and Online Wholesale Prices
NumisMedia presents Wholesale Dealer Prices representing dealer trading levels for properly graded sight-seen coins.
Subscribers to the Dealer Price Guides will receive our Weekly Wholesale Market Dealer Price Guides and access to all of our Online and Mobile Price Guides: Market, FMV, PCGS, NGC, CAC, & Plus +.
Our Weekly NumisMedia Wholesale Market Dealer Price Guide package of 52 issues a year includes:
The Classic HD has grades from Fine through MS68 in every U.S. series in the higher denominations: Halves, Dollars, Gold, and Commemoratives.
The Classic LD has grades from Fine through MS68 in every U.S. series in the lower denominations: Half Cents through Quarters.
The Moderns Edition has grades from AU50 through MS70 in every Modern series.
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NumisMedia Weekly Extra
Weekly PDF Publication
Now included for all NumisMedia Dealer Subscribers and Members, the NumisMedia Weekly Extra Wholesale Dealer Prices, in PDF format only.
This comprehensive look into the coin market is our most complete publication yet, and it's got everything dealers have been asking for.
This easiest way to get your copy of the new Weekly Extra is with an Online-Only Dealer Subscription, for as little as $20/month.
All NumisMedia Dealer Subscribers and Members will receive the Weekly Extra, in PDF format, every Wednesday, via email, or download from numismedia.com/extra after post.
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![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
