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NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

July 16, 2012

Better Date Morgan Dollars in Demand

     While the coin market has yet to show signs of increased sales activity, there has been an increase in the number of dealers attempting to buy specific coins at today's Market levels. Many dealers are looking for Liberty Seated Half Dollars, just about any dates as long as they are problem-free. Nice circulated coins are frequent targets of collectors so dealers are not afraid to add these coins to their inventories. Over the last few months we have reported many increases for tougher date Liberty Seated Halves and premiums can be significant in competitive auctions.

     In the past couple of weeks there has been a noticeable increase in buying of dated Morgan Dollars. Just about anything better than common dates are wanted and in quantity. Many of the better dates in MS61 to MS64 have floundered over the last couple of years as the rise in Silver changed the values for all the common dates, as the better dates were neglected and allowed to go generally unnoticed. However, the Morgan Dollar chart contains numerous increases this week. For example, the 1885 S in MS61 is now at $220 Market and the MS62 is $250. The 1889 O jumped to $180 in MS62 and the 1891 O is up in MS61 to MS63. If these prices continue to move higher you may want to keep an eye on the Prooflike and Deep Mirror Prooflike issues as well in the next few months.

     The premiums for common U.S. Gold have seen an increase in the last few weeks, especially in grades MS61 and MS62. Right now there is very little difference in the Market value for the $20 Saint Gaudens between the grades of MS61 to MS63. The MS61 is now at $1,710 and the MS63 is $1,735. It makes one wonder why collectors wouldn't spend the extra money for the higher grades, especially with these tight spreads. In all the U.S. Gold charts from $2 ˝ up to $20, the common dates have advanced this week from Fine up to several of the Mint State grades. Much of this is a result of bullion rising $20 since the last printed HD Price Guide.

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

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