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NumisMedia Weekly
NumisMedia Weekly Market Report


Current News and Analysis of the

United States Rare Coin Market




October 1, 2007

Market Hot, Still Selective


     The Long Beach Coin Show revealed what most coin dealers already know; the market is hot for the right coins. Everyday coins are lackluster; however, rare dates, better dates, and key dates are still capturing much of the business. Dealers were constantly busy amongst themselves, but retail was a little sparse overall.

     The premiums for modern bullion coins have dropped dramatically thus causing wholesale prices to be very close from one grade to the next. For example, a 2007 Buffalo $50 Gold trades at $705 in MS68, $715 in MS69, and $775 in MS70. These lower premiums are creating a lull in trading activity for the modern issues. Most dealers feel the public is still skeptical of higher bullion prices in spite of the recent rapid advance.

     Supplies of the new Presidential Dollars are increasing due to the rising amount of coins certified by NGC and PCGS. While they are very popular, wholesale prices are falling drastically due to the abundance of high grade coins, especially in Proof and Mint State 69 and 70.

     Be sure to look at the new format for Proof and Mint Sets in this week’s Modern edition of the Wholesale Dealer Price Guide. All sets are now on one page for easier reference.







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