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NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

November 17, 2008

Dealers Foresee Active Baltimore

     The Baltimore Coin and Currency Convention begins this Thursday, although many dealers are heading there as early as Tuesday. Pre show activity is very popular for many dealers who like to get a head start on all of the major shows. This is the last major show of the year and attendance should be significant with dealers and collectors from all over the eastern seaboard hoping to find coins they feel have upside potential. Bowers and Merena Auctions will host the official sale and have over 4,000 lots; this sale should be attraction enough for most collectors to attend.

     We have monitored fewer increases in this week’s Moderns Wholesale Market Dealer Price Guide. However, one series continues to encounter more than its share of demand. Lincoln Cents are a mainstay in numismatics; several of the modern issues remain strong, especially in the highest grades for Registry collectors. The 1956 in MS67 Red advanced to $550 Market and the 1960 D Small Date in MS67 Red climbed to $650. Proof Lincolns, 1909 to 1916, are easy sellers when they appear on the market. In fact, they usually bring premiums of the present FMV. This week the 1916 in PR65 Red increased to a Market price of $8,825. Even though the Proof issues after 1939 are active, we are seeing many downward adjustments with sellers willing to discount various dates.

     Jefferson Nickels and Roosevelt Dimes are rather quiet with very few changes this week. There are numerous declines in the Washington Quarter series because supplies far outweigh demand at this time. This is also the case for Presidential Dollars with most dates in PR70 available in quantities. There are minor changes to the Eagles this week because the metals are nearly at the same levels as they were three weeks ago. The two series that suffered the most this week are Modern Commemorative Halves and Dollars. The Proof and MS70 issues are showing a considerable downturn due to an abundance of discounted sales. It would appear that most Registry collectors of these coins already have the highest grades and any new coins in the market are creating the lower levels.

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