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NumisMedia Weekly
NumisMedia Weekly Market Report


Current News and Analysis of the

United States Rare Coin Market




December 13, 2010

Bullion Energizes Market


     Gold broke through $1,430 early last week and Silver passed the $30 mark. Since then Gold has retreated to just under $1,400 and Silver at $29.35. There are more new buyers every day and this keeps the teletype systems quite busy. As long as bullion remains strong, the rest of the coin market will be steady. Silver Dollars are very strong in Good all the way up to MS66. There is very little difference between the price of Morgan Dollars in Very Good to XF; currently wholesaling at $24 to $25.50. Proof Silver Eagles in the original package are currently at $54 wholesale and the one ounce Gold Proof Eagle OGP is now at $1,600.

     The mood among dealers for this last month of the year is positive. Activity at shows has been very competitive and the holiday season always brings additional jewelry sales. Most dealers are gearing up for the annual FUN Convention January 6-9; otherwise, travel for most dealers is minimal at this time of the year unless it is for family visits. There are sporadic changes throughout the Moderns Wholesale Market Dealer Price Guide this week. Modern Lincoln Cents exhibit some increases for high grade coins; it looks like there is renewed interest in adding specific dates to active collections. Most of the increases are in the MS66 and MS67 Red grades. Early Proof Lincoln Cents remain in demand with the 1909 RB in PR64 and PR65 increasing to $1,000 and $1,500, respectively.

     You will find a lot of changes to the Silver series in low grades to MS63. War Nickels, Roosevelt Dimes, Washington Quarters and Kennedy Halves are all higher because of the major increase in Silver since the last printed update. Silver Eagles are higher this week with MS69 now at a minimum of $32 wholesale. Gold Eagles are also higher with the rare date $25 Mint State coins keeping the pressure on low supplies. Most dates from 1986 to 1992 are wanted in large quantities. The 1991 is now up to $2,225 in MS69 and the 1990 is at $1,450.







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