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NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

May 21, 2012

Dealers Anticipate a Busy Long Beach

     The metals have responded to upward pressure over the last few days and buyers have reacted by jumping back into the market. Dealers reported that sales have increased for all products including generic Classic Gold coins. Two months ago the premiums on U.S. Gold coins was extremely low and inventories were high. Since that time many buyers have taken advantage of the low risk opportunities to buy collector gold to add to their holding of modern gold. As the inventories have begun to dry up somewhat the premiums have expanded in the last few weeks.

     With the Long Beach Expo coming up just after Memorial Day next week, dealers are hopeful that the show will buck the usual trend and metals will be more positive. Rarities seem to be very active lately while common coins with high populations and availability require discounts to move. Collectors and dealers are looking for high-grade low pop coins that have positive eye appeal. We have seen this at the major auctions recently; coins that fit the bill will receive lots of attention. It makes it awfully easy to sell these rarities when they have a CAC label.

     The metals are dramatically lower in this week's Moderns Wholesale Market Dealer Price Guide than the last issue. The results can be seen in everything from the Eagles, to Modern Commemoratives, $5 and $10, and Buffalo Gold. Modern $5 Gold Commems are wholesaling at $395 in MS69 and the MS69 $10 Gold Olympic coins as well as the 2007 Spouse Gold are trading at $790. Buffalo Gold remains one of the more sought after series of modern coins and dealers are maintaining strong buy prices for them. In addition, the 1995 W Silver Eagle in PR69 has increased to $2,850 Market. Available supplies are very thin at this time.

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

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