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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

June 4, 2012

Better Dates Enticing Buyers

     The metals market will interest many investors as the week begins. Last Friday's up-tick of $66 for Gold has everyone wondering if this is the beginning of another major run. The surge definitely helped the Long Beach Expo which was rather quiet the first couple of days. Dealers are seeing many of the same old coins in other dealer inventories and this tends to slow the market further. While generic coins may be difficult to sell at current levels, better dates and rarities are still drawing astute buyers. The Heritage Auction attracted some very active bidding, especially CAC coins, but mostly from their massive mailing list. Results of this sale will be updated over the next few weeks.

     The charts in this week's HD Wholesale Market Dealer Price Guide are mostly steady with the exception of generic U.S. Gold. Bust and Seated Half Dollars are very desirable with a strong collector base. Market prices show little movement unless there are current trades. As long as the coins are accurately graded, there are plenty of buyers for most dates. One of the more active issues is the 1878 CC in all grades. This is a very tough date that is not often accessible to collectors. Market prices are higher this week in Fine through AU53 with the latter now at $5,400. There are only 17 coins certified by NGC and PCGS in all Mint State grades. This is a date that, when it comes on the market in higher MS grades, will attract very aggressive bidding.

     Buyers for Morgan Dollars are extremely aggressive in this market, but they are looking for better dates and they must have eye appeal. Average coins will not do, so any better dates with the CAC sticker are a prime target right now. Also, common dates have caught the eye of most marketers because they have drifted to what appears to be very reasonable levels. Considering MS66's were $390 Market in September last year, the current $280 sounds very reasonable. Lower grades appear to be just as attractive at today's levels.

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

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