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NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

November 7, 2011

2011 25th Anniversary Silver Eagle Set Very Popular

     It has been a little over a week now since the 2011 American Eagle 25th Anniversary Silver Set was sold out by the U.S. Mint; within a 5 hour period. If you were lucky enough to get them at the original cost of $299.95 a set, you would be in a profit position already. Dealers have been trying to purchase these sets at anywhere from $485 to $585; keep in mind they need to be left in the original shipping package from the Mint to qualify for Early Release designations from the grading services. As long as the Mint does not change the rules on this set and increase the mintage, it should be a very good set for collectors in the future. This set is currently limited to 100,000.

     The overall coin market and coin shows have been a little soft lately. Attendance has been down at most shows and the volume of activity has suffered as a result. Nevertheless, most dealers report that business at their stores and offices is active, just not as brisk as recent months. Bullion leads the market and most dealers feel that the metals are headed upward which could fuel a new round of action. With the holiday season nearly upon us dealers are stocking up on gift items. In the meantime, Silver bags are now at $24,600 and VG Silver Dollars are $29,000 for a thousand dollar bag.

     The market for expensive rarities has not slowed although the number of active buyers may be slightly lower as some are waiting for bargains. With less competition, today's buyers are finding the coins they need at their prices. This past month, the 1794 Flowing Hair Half Dollar in AU53 fell to $61,500 Market. This is always a popular coin in all grades. Also, the 1796 Draped Bust 15 Stars in Fine12 dropped to $51,000. On the upside, the 1848 $2 ˝ Cal. is higher in AU55 and AU58 at $50,500 and $54,500, respectively. In addition, the 1854 D $2 ˝ Gold in MS64 is now at a higher $81,500 Market. All in all, it looks like the majority of true rarities will bring anywhere from a 5% discount to about 10% over depending on how many buyers there are for the specific coin.

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

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