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NumisMedia Weekly
NumisMedia Weekly Market Report


Current News and Analysis of the

United States Rare Coin Market




October 8, 2007

Sight-Seen Market Maintains Strength


     While Gold fluctuates between $730 and $740, the overall market remains steady for properly graded rare coins. Both Modern Gold and pre-1930 generic Gold are adjusting with bullion, however, better date coins are still the target of many collectors.

     Prices have increased for $4 Gold Stella’s in low grades up to PR61 due to a very strong buyer. This is an extremely rare coin with very few available in the market. Most of these grades increased at least 20% in this week’s Wholesale Dealer Price Guide.

     True rarities attract advanced collectors all over the world. The most recent evidence of this is the sale of the 1804 $10 Gold in NGC Ultra Cameo Proof 65. It brought $5 million in a private sale to an anonymous collector. The same collector purchased the 1838 $10 Gold in PCGS Proof 65 for $1.7 million. Both of these prices are world records for the dates. David Albanese, a NumisMedia member dealer, brokered these transactions in the last two weeks.

     The October FMV Price Guide has been enhanced (more below) and now includes color advertising. We have some limited space available; contact us at info@numismedia.com.





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