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NumisMedia Weekly
NumisMedia Weekly Market Report


Current News and Analysis of the

United States Rare Coin Market




April 26, 2010

Central States Headlines Week


     With the Central States Convention in Milwaukee this week, dealers are hopeful that the market remains upbeat. Over the last few weeks business has been on the rise and, with metals maintaining strength, rare coins have become more active. Collectors are still selective, but they seem to be in the mood to spend more money these days. Heritage Auction Galleries will host a Signature Sale as the official auctioneer. There are numerous highlights in this sale, although one particular section stands out -- Lincoln Cents. There is a long list of early full Red rarities that will surely influence future FMV prices. There is no less than twenty 1909 S VDB's, although they are not all Red coins.

     We have monitored only minor changes in this week's Moderns Wholesale Market Dealer Price Guide. Most dealer trades are at current Market prices, but the overall volume is not significant. The only active coins are the highest grades where populations are considered very low. One series that has a long list of adjustments is State Quarters. In the Ultra Cameo Proof 70 column, there are at least fifty changes with the majority going lower. Still, it shows that the ultimate grades are actively trading.

     Proof Gold Eagles in the original government package are now trading at $1,735 per ounce among dealers. The Proof Silver Eagles are wholesaling at $53. There are numerous increases in Silver and Gold Eagles this week, as the metals take prices higher. The 70 column shows many increases as Registry collectors are pursuing these finest known coins. Platinum coins are also showing increases for all grades. There is strong demand for the UHR $50 Gold, especially for the Early Release and Prooflike coins. These have low populations and are not readily available.







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