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NumisMedia Weekly
NumisMedia Weekly Market Report


Current News and Analysis of the

United States Rare Coin Market




March 9, 2009

Mid-Winter ANA Lands in Portland


     The hub of dealer activity will be in Portland, Oregon this week as dealers attend the ANA National Money Show. Bowers and Merena Auctions will host the official sale on Thursday and Friday. Numerous pedigree coins should attract enthusiastic bidding. Dealers are hopeful that this show will bring out local collectors and make for a successful trip to the Northwest.

     The cutoff date for Early Release 2009 Ultra High Relief $20 Gold is upon us and the latest prices indicate buys of $1,850 and sells of $2,100 for MS70s. It looks like there is a flood of coins arriving at the grading services in the last few days. This could be a very volatile market for awhile.

     This week’s LD Wholesale Market Dealer Price Guide shows various infrequent changes. While Early Copper coins remain stable, most Market increases are a result of recent auctions. We are not seeing much in the way of across the charts demand from dealers. Most of these increases are occurring because coins that have been put away for a long time have been made available and advanced collectors realize they may not see others for quite some time. High grade, MS66 or higher, Large Cents are in steady demand but they are not found all that often. This is also the case for Half Cents, and especially so for full Red coins.

     We are finding many more key date coins on the market in the last few weeks. In previous months, key dates were normally offered at premiums to the listed Market prices, and typically sold. Currently, coins such as the 1909 S VDB Lincoln, 1937 D 3-Legged Buffalo, 1932 D & S Washington Quarters, are trading at levels over and under current Market prices. Depending on quantities in the market, you may find decreases on some of these coins in various grades. The positive point here is that these coins are always easy sellers, depending on the asking price.







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