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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

July 12, 2010

Market Steady but Lacks Enthusiasm

     The Summer FUN Show had a respectable turnout of dealers, collectors, and investors. The market remains active with buyers mostly looking for bullion coins. While many investors were buying at the show, there seemed to be many potential buyers sitting on the fence waiting to jump into the metals pool. There has not been a lot of major discounting for collector coins so overall prices are steady. Several dealers are looking for better collector coins in the $5,000 to $15,000 range.

     Typically during the summer months we see a falloff of business. The last couple of weeks we have seen only minor changes throughout the LD and HD Wholesale Market Dealer Price Guides. Bust and Seated coins in all denominations are steady at current Market prices as long as the coins are properly graded. Population reports show the availability of many dates in higher grades is strictly limited. Several Seated Dollars, both types, have advanced in MS65 and 66. Deep Mirror Prooflike Morgan Dollars are in demand but buyers are a little fussy when it comes to bagmarks, not wanting coins where marks are the first thing you notice about the coin.

     The Gold series are very active with many changes throughout the $1 to $20 charts. Some dealers are beginning to take advantage of the Early Gold prices that had fallen from the highs of two years ago. There are several advances for the 1829 to 1834 $2 ˝ Gold in most Mint State grades. The MS64 1831 now has a Market price of $35,500. In the Bust $5 Gold chart, numerous Market price increases can be seen for grades AU53 through MS63. There is some contrast in the $10 and $20 Gold Liberties. The circulated common dates are higher while the MS60 to 65 coins are finding slightly lower premiums. A very popular coin is the Type I Twenty in all AU grades. Original coins are becoming very difficult to locate at reasonable levels and several dates have increased this week.

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

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