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NumisMedia Weekly
NumisMedia Weekly Market Report


Current News and Analysis of the

United States Rare Coin Market




November 5, 2007

Bullion Continues Climb


     The metals remain very strong with gold leading the way. Gold surpassed $800 on Friday and seems to be holding steady in morning trading. It is currently at $804.30 and Silver is down just a touch at $14.52. Platinum is higher at $1459. One of the interesting aspects of this current market is that many dealers offer under melt for modern bullion coins that grade less than MS or PR69. It seems that they are not convinced the market can maintain these levels.

     Dealers in rare coins are truly more confident in their market. They continue to make markets in their specialties and are willing to pay in advance of current wholesale levels when the right coins come along. There has been no let up in buying rare coins by collectors of all experience. Most astute collectors know they can buy coins now or probably pay more in the future; that is, if the coins are available.

     We have a massive amount of increases in this week’s Wholesale Dealer Price Guide for Moderns. The majority of advances are due to the rise in bullion. However, even some of the highest graded issues in Jefferson Nickels, Roosevelt Dimes and Washington Quarters are receiving lots of attention by collectors of Registry Sets.







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