|
NumisMedia Weekly Market Report
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 ½ Cal. is higher in AU55 and AU58 at $50,500 and $54,500, respectively. In addition, the 1854 D $2 ½ 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.
|
|
|
|
|
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.
|
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.
This comprehensive look into the coin market is our most complete publication yet, and it's got everything dealers have been asking for.
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.
All NumisMedia Dealer Subscribers and Members will receive the Weekly Extra, in PDF format, every Wednesday, via email, or download from numismedia.com/extra after post.
|
|
|