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NumisMedia Weekly Market Report
June 28, 2010
Bullion the Focal Point of Trading
With Gold setting new highs on a regular basis, dealers are keeping busy with Modern Bullion coins. A majority of the trades on the teletype systems are for bullion because just about everyone wants some sort of hoard of inflation-proof coins. While demand is steady, the premiums for most bullion coins appear to be more reasonable today than they were over the last several months. Dealers appear to be buying enough from sellers in order to supply the current number of buyers in the market. As long as this is the case, premiums should remain low.
Collector coins are still in demand but buyers are being more selective these days. They want very specific dates and grades with excellent eye appeal. Anything less will usually sit in a dealer's inventory until there is some market movement to attract bargain hunters. As for Modern collector coins, Lincoln Cents through the Presidential Dollars, the market is very soft. While there is demand, there is no need to overpay for the majority of these coins. The only ones that demand strong prices are the highest grades for the date and they have to be low pop coins. In this week's Moderns Wholesale Market Dealer Price Guide, there has been very little movement in Market prices for the Cents through Dollars with the only exception being Proof Lincoln Cents. There are numerous increases, especially for the early dates. The 1909 VDB in Red PR65 advanced to $28,750 and the 1911 RB moved to a higher $4,125 in PR67.
There are numerous increases to the Market prices for Gold and Platinum Eagles. Also, the one ounce Proof Gold Eagles with government packaging is trading at $2025 among dealers. The 2009 UHR is very strong at current levels with some becoming difficult to locate. The MS70 Early Release is now up to $7,000 with some buyers even a little higher. In addition, the 2008 and 2009 $10 Spouse Gold is heating up with buyers for specific dates in MS69 and MS70. Check the Pop reports for these coins as some have very low numbers.
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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.
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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.
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