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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

June 18, 2012

Scarce Dates Sought by Discerning Buyers

     Vacations may create a slow market for rare coins this summer, but bullion activity continues to keep most dealers very busy. Despite the fluctuating metals, buyers are aggressive for Silver coins and Silver Dollars. Very Good Silver Dollars are wholesaling for $27,825 per bag of one thousand. Ninety percent Silver coins are a little over twenty times face. One ounce Proof Gold Eagles are trading at $1,700 at the moment and Proof Silver Eagles are $57. Dealers need these in the original packaging.

     The coin market remains selective at present wholesale levels. There is a continued downtrend for most coins that have high populations in their specific grades. Buyers are looking for low population coins with eye appeal and are very competitive when they find what they want. This week's LD Wholesale Market Dealer Price Guide lists a variety of adjustments throughout. Specifically in the Half and Large Cent series, there are several increases for dates that are difficult to locate. Copper is always popular and many early dates are very challenging to find with damage-free surfaces. This week the 1800 Half Cent in MS62 and MS63 increased to $2,625 and $3,550, respectively. The 1828 13 Stars in MS65 Red is now at a higher $10,250. There are several Large Cents on the rise including the 1820 Large Date in MS64 Red now at $4,625.

     Market prices are generally higher for many Indian and Lincoln Cents in various grades. We have monitored several of these coins trading in the past month at shows and auctions. Full Red coins are always popular, but there appears to be an increase for Red and Brown coins when they have more Red than Brown. For that matter, Brown coins that have some Red still visible will usually attract competitive buyers. The 1871 Indian Cent in MS64 Brown is now up to $775 and the Red & Brown coin is $1,050. Proof Cents are just as popular if they have even colored surfaces; that is, not splotchy. The 1867 PR66 RB has advanced to $1,800 Market. In the Lincoln series, the 1909 S VDB increased in MS66 Brown to $3,450 and the Red and Brown is now at $4,750.

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

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