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NumisMedia Weekly Market Report
September 14, 2009
Buyers Focused on Gold at Long Beach
With fewer dealers and more public in attendance than the previous summer show, the Long Beach Expo was much better than most dealers expected. Dealers specializing in Gold, especially generic U.S. Gold or modern issues, were busy much of the show. It also helped that the price of Gold was up all week long; breaking through the $1,000 barrier again is significant in determining the direction of the current market. Many wholesale dealers, working the floor trading with other dealers, reported substantial sales and were satisfied with show results.
Coin prices appear to be more stable at current Market levels than in previous months. There are fewer declines listed in this week's LD Wholesale Market Dealer Price Guide. Dealers are more willing to purchase nice coins at listed Market prices because there are not enough fresh coins in the market. However, tired old inventory still needs to be discounted. A number of dealers are looking for Seated Dimes, Quarters and Halves, but they want unaltered (problem free) coins.
The 1824/2 Bust Quarter is a hot item with grades of Good through MS62 on the rise. Not only does this coin have a low mintage, but the population of coins certified is low as well. And with its lack of availability, it appears to be an undervalued coin. Buffalo Nickels and Mercury Dimes are the two series that are not characterized by stability. Too many coins on the market have made prices of some of these dates lower again this week.
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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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