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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

March 8, 2010

Retail Activity Brings Excitement to Market

     The Baltimore Coin Expo was a rousing success. Most dealers reported having their best retail show in a long time. In fact, some even said this was the best Baltimore show ever. Key date coins seemed to be one of the primary attractions as collectors were looking for some place to put their money for safekeeping. Dealers catering to the public were not disappointed. Lincoln Cents, Liberty Nickels, Standing Liberty Quarters and Walkers led the way. High-grade circulated better date coins were easy sellers and nearly everybody seemed happy with sales.

     Bullion coins were also of major interest at the show. The metals were steady to higher last week, which makes it more appealing to the public. Along with Modern Gold Eagles and Buffalo Gold, it looks like early generic tens and twenties were very popular. In this week’s HD Wholesale Market Dealer Price Guide, hundreds of increases have been noted due to increased demand. Most all the common gold in $5, $10, and $20 advanced in low circulated grades up to MS62. However, some of the MS65 issues did retreat slightly as most buyers concentrated on lower premium coins.

     GSA Carson City Dollars are very active with multiple buyers at current Market prices. Registry collectors are looking for the highest grades of each date and are willing to pay in excess of reported Market prices. It seems like a new price record is established every time one of the MS67 coins comes into the Market. This show presented an opportunity for some lucky collector to purchase an 1885 CC in NGC MS67 at well over $35,000. The common NGC GSA MS65’s have adjusted down slightly but remain in demand because of the lower Market prices. The 1882 CC is now at $420 in NGC MS65 and the 1883 & 1884 CC are at $370.

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

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