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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

July 2, 2007

Summertime Market Disrupts Continuity

     Temperatures at the Baltimore Coin and Currency Convention were stifling however the market was not as hot as the weather. Attendance was good and the show was organized quite well, but unfortunately, the show was not near as active as dealers had hoped. Too many common coins in inventory and not enough new material for want lists. Still and all, many dealers worked the bourse floor diligently and came away with a few new purchases while reducing some stale inventory.

     While common coins may be plentiful, better date and rare coins are not. This week’s Wholesale Market Dealer Price Guide contains hundreds of increases because dealers and collectors are willing to pay more for the coins they need. Key date $10 Indians are still very active on the bourse and in auctions. They continually bring premiums for the tough dates. Only occasionally do the most common issues sell at discounts. The $5 Indians are a little less active as discounts are noted for some of the dates other than 1909 D.

     The metals seem to have strengthened somewhat as the week begins. Gold is currently up over $9 at $657.30 and Silver is up $.27 at $12.57. Platinum jumped $19 to $1294. Keep updated at the NumisMedia Home Page for current prices.

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NumisMedia Weekly Archive

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