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NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

March 5, 2007

Metals Get Pounded

This past week found the metals taking a major dive from recent highs. Gold fell over $40 to the current $641.40. Silver fell nearly $2.00 and now stands at $12.73. Platinum did not fare any better as it dropped to $1172.

With these major declines it affords dealers and collectors the opportunity to buy bullion related coins at more reasonable levels. However, most buyers tend to get a little skittish as they are not sure when to jump back in to take advantage. This week should give us an indication of short term direction.

We are still finding lots of positive areas of the market where market makers need coins for their customers. U.S. Indian Gold remains very active, even if the common dates in lower mint state falter from the decline in bullion. Early Mercury Dimes and Walkers are steady to higher in MS63 and higher grades. Trade and Seated Dollars are very popular, while the better dates are becoming difficult to locate.

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