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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

February 6, 2012

Long Beach Active for Attending Dealers

     The Long Beach Convention turned out to be a good show for those dealers in attendance. However, it does appear that some East Coast dealers stayed home to reduce travel expenses since there will be more shows in their area very soon. When dealers tend to see the same material over and over again, it can be a waste of time and money to follow the same route as other dealers every week. Nonetheless, the public showed up at Long Beach and most dealers reported good sales.

     Prices for most Modern coins, with the exception of bullion related items, are very soft at this time. Roosevelt Dimes to Kennedy Halves will trade if they are offered at slight discounts, but if a dealer wants to move a quantity of coins, the discount would have to be more significant. Even the Ike, Anthony, Presidential, and Sacagawea Dollars are trading at discounts. Many of the PR69 coins are selling at major auctions for under $20 per coin. Although, the highest grade coins with populations under 10 are still in demand by collectors who are trying to fill Registry Sets.

     In this week's Moderns Wholesale Market Dealer Price Guide there are many increases for bullion coins. Everything is higher since the last price guide, Gold by over $100 and Silver by at least $3. The 2009 UHR advanced in MS69 to $2,700 Market. This is a very sought-after coin with insignificant availability in this current market. While many dates in Modern Commemorative Dollars have fallen in the 70 grade range over the last few months, some are still receiving strong competitive bids when offered in auctions. The 1983 S Olympic in MS70 advanced to $2,500 this week and we did monitor results of a coin that sold in auction at a significantly higher price. The 1988 D Olympic in MS70 climbed to $440 Market, while the 1994 P Prisoner of War in PR70 improved to $1,000.

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

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