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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

August 2, 2010

Dealers Expect Active Two Weeks

     Boston will be the scene of a busy couple of weeks as dealers from all over the world attend the two Pre ANA Shows and then next week's World's Fair of Money. Dealers have been anticipating this major event since the beginning of summer. With the metals down over the last couple of weeks, most dealers feel this will be a good buying opportunity for bullion related coins. Not only will collectors be looking for bullion, they will have many rarities to select from dealer inventories during this excellent affair.

     The dealer networks have been covered with trades for bullion coins of late, but we are still finding many transactions for better to rare coins. Just about anything in this better-and-up category will sell in a very short time if it is priced at current Market levels. The coins that remain available are priced at very high premiums. This week there is a vast number of changes in the HD Wholesale Market Dealer Price Guide. With Gold drifting lower, many of the common $10 and $20 Gold are lower in MS62 to MS65. However, it is interesting to note that the premiums have advanced for the circulated coins in most denominations so the Market prices for many of the common dates have moved higher in VF through MS60. The ANA show should provide some perspective on supply and demand for common circulated U.S. Gold.

     Deep Mirror Prooflike Morgan Dollars have been heating up lately and many coins have traded over the last few months. This is an area where there may be a heavy disparity in price for two coins of the same grade because of a variance in the depth of mirror. GSA Morgan Dollars in the original government black boxes are actively traded and there has been a definitive increase in the number of collectors of NGC certified coins. Demand has helped maintain most Market prices at current levels, however, the higher grades with very low pops will usually command strong premiums. The 1878 CC Prooflike in MS65 and 66 Market prices have advanced to $7,950 and $11,500, respectively.

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

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