|
NumisMedia Weekly Market Report
December 14, 2009
Heritage Houston Sale Tops $9 Million
Heritage Auction Galleries hosted their last major sale of the year at the Houston Money Show last week. The total prices realized were an astounding $9.5 million and U.S. Gold topped the list of new acquisitions. There were hundreds of common date Mint State Gold coins in all denominations selling at current Market levels despite the fact that bullion had dropped over $100 in the last couple of weeks. This is a strong indication that demand has not slowed. In fact, many of the coins that sold were high grade coins that carry an elevated premium. Twenty Liberty and Saints were extremely active all the way up to MS67. Heritage also sold another run of 1876 CC and 1890 CC Twenty Dollar Liberties in MS60 and MS61. The majority of them sold at levels above the current Market.
Further evidence of a steady to rising market is this week's HD Wholesale Market Dealer Price Guide. Most series indicate more increases than decreases with the exception of Bust Halves, where some high grades are lower due to discounted selling. This is an area where sellers can typically raise substantial funds by offering coins below previous levels. The positive point here is that there are buyers willing to take a shot at these new prices. Walkers are starting to show signs of demand. Several buyers are looking for MS65 to MS67 grades in all the common dates. Even where there are declines, the adjustments are minimal. Morgan Dollars are attracting new buyers at increased levels. Demand is rising for MS63 through MS66 coins, although the higher grades cannot have negative eye appeal.
All series of U.S. Gold are currently very active. New collectors and investors are spreading some of their cash among better dated coins. This diversification spurs widespread demand throughout the market and challenges other buyers to do the same. There are numerous declines throughout the charts for the common issues that are strictly driven by the price of bullion. With Gold having dropped from over $1,220 to the current $1,122, it was sure to have an impact on prices. However, the demand remains relentless.
|
|
|
|
|
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)
