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NumisMedia Weekly Market Report
Lower Prices Attracting Bargain Hunters
January 25, 2016
The bullion market remains the main focus of most dealers as today's coin buyers are putting most of their excess cash into low premium Gold and Silver coins. The U.S. Mint continues to run out of or low on their weekly allocation of Gold and Silver Eagles and the Teletypes are constantly abuzz with messages trying to buy or sell any and all of the modern bullion products. Gold is back above the $1,100 mark, at $1,107.50 this morning, and Silver is up to $14.29. The one ounce Proof Gold Eagles are trading at $1,342 and Proof Silver Eagles are at $46-$47.
Silver Dollars in all grades continue to be aggressively sought after by dealers as well as retail buyers. Bags of VG Silver Dollars are currently wholesaling at $23,275. While common date BU Morgan Dollars have fallen in the last few weeks, there are still plenty of buyers taking advantage of the lower prices. MS63 common dates are trading at $48-$49 wholesale and the MS64's have a very tight spread of $60-$63. MS65 Morgans have a wide range depending on their eye appeal; low-end for the grade runs $120-$125, while sight-seen brilliant coins will bring $140-$150.
Over the last several weeks the trend in the coin market has been toward lower levels for some series. There are some exceptions for specific coins that dealers may need for customers, however, the number of dealers willing to sell coins from most series appears to be on the rise. This is a great time for buyers looking for bargains. Besides, where else would you put your money other than rare coins and bullion? Below is a list of some better date coins that have fallen lately and could become targets for acquisition if the quality fits the potential selling price.
Date/Denomination |
Grade | Current
Market |
Decline |
| 1886 Indian Cent TII | PR64 Red | $2,450 | -21.6% |
| 1951 S Franklin Half Dollar | MS67 FBL | $16,500 | -20.48% |
| 1895 S $5 Gold | MS66 | $31,500 | -20.25% |
| 1953 S Franklin Half Dollar | MS65 FBL | $18,500 | -17.78% |
| 1880 O Morgan Dollar | MS65 | $15,500 | -16.22% |
| 1907 S $20 Gold | MS65 | $16,250 | -15.58% |
| 1875 $20 Gold | MS63 | $7,125 | -13.90% |
| 1915 $10 Gold Indian | MS64 | $2,350 | -13.76% |
| 1872 CC Seated Dollar | MS60 | $20,500 | -13.68% |
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This week's Moderns Wholesale Market Dealer Price Guide contains a multitude of changes as buyers and sellers are trying to balance their inventories. Even though much of the information is lower, we are still finding sales at the current levels. This is much better than when a market stalls and there are no buyers at any price. The Registry buyers continue to look for the highest graded coin within a series and are very competitive when there are few if any coins available.
However, some of the PR70 Jefferson Nickels and Kennedy Halves have seen an increase in the number of coins certified in these ultimate grades and the increased populations have created some lower Market prices. For example, most of the Jefferson Nickels dates from 1975 S to 1987 S are lower this week with the 1975 S down to $1,850 Market and the 1986 S lower at $1,050. In the Kennedy Half series, many of the dates from 1974 to 1989 are lower in PR70 Deep Cameo. The 1981 S TII is down to $1,850, about a 6% drop in the last few weeks.
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NumisMedia Weekly
Dealer Price Guides
Weekly and Online Wholesale Prices
NumisMedia presents Wholesale Dealer Prices representing dealer trading levels for properly graded sight-seen coins.
Subscribers to the Dealer Price Guides will receive our Weekly Wholesale Market Dealer Price Guides and access to all of our Online and Mobile Price Guides: Market, FMV, PCGS, NGC, CAC, & Plus +.
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The Classic HD has grades from Fine through MS68 in every U.S. series in the higher denominations: Halves, Dollars, Gold, and Commemoratives.
The Classic LD has grades from Fine through MS68 in every U.S. series in the lower denominations: Half Cents through Quarters.
The Moderns Edition has grades from AU50 through MS70 in every Modern series.
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NumisMedia Weekly Extra
Weekly PDF Publication
Now included for all NumisMedia Dealer Subscribers and Members, the NumisMedia Weekly Extra Wholesale Dealer Prices, in PDF format only.
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This easiest way to get your copy of the new Weekly Extra is with an Online-Only Dealer Subscription, for as little as $20/month.
All NumisMedia Dealer Subscribers and Members will receive the Weekly Extra, in PDF format, every Wednesday, via email, or download from numismedia.com/extra after post.
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