|
NumisMedia Weekly Market Report
May 18, 2009
Premiums Drop on Generic Gold
The Long Beach Coin Expo is just over one week away and dealers are looking forward to another busy show in Southern California. Activity in the market remains steady although much of the wholesale business has been at discounts. This creates many of the declines you see in this week's HD Wholesale Market Dealer Price Guide. Most decreases appear to be about 10% with the exception of Classic Gold Commemoratives, which have dropped repeatedly over the last few months. It seems like every time a coin sells in the series it is at a new lower price.
While we do find many positives in this market, most of the adjustments are lower. However, most dealers report that sales volume has been substantial and the amount of buying versus selling appears to be in a healthy balance. It does seem amazing that there have been so many Early Type rarities being offered in auctions of late, given the atmosphere of the current market. We are seeing the majority of these coins trading at high levels, although not at the previous highs. We have seen some rarities rise in value because of not being on the market for a long time. For example, the 1801 Bust Half Dollar in MS63, moved up to a Market of $120,000.
U.S. Gold is still very active, but it is obvious to most dealers that buyers are looking for more competitive pricing. Premiums have drifted lower over the last few weeks and dealers are not happy with the reduced profit margins. Generic Twenties have fallen at least $50 in most grades of VF through MS63 over the last three weeks, and that comes after dropping substantially during the previous couple of weeks. Ten Dollar Gold coins (both Liberty and Indian) have fallen by the same percentage. In the meantime, the new 2009 Ultra High Relief is steady at a wholesale Market of $1,475 for raw coins with all the government packaging and coins certified as MS69.
|
|
|
|
|
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.
|
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.
|
|
|
![[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)
