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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

November 12, 2007

Monday Morning Profit Taking

     The week starts with a hefty decrease in metal prices. After last week’s strong advance over $830 an ounce, gold has dropped back near the $800 level this morning. Silver and Platinum are down to $14.71 and $1386, respectively. The next few days will be important in determining whether this is simply profit-taking or a new trend.

     In this week’s Wholesale Market Dealer Price Guide, there are numerous increases in just about all areas of early collector coins. Collectors are eager for the majority of coins prior to the 1930s if they are properly graded and priced at reasonable levels. The more aggressive dealers and collectors will pay in advance of wholesale levels if the coin has better than average eye appeal.

     Half Cents and Large Cents are extremely popular and coins that do not exhibit porosity or other distractions will command premiums. Buyers are looking for Two-Cent pieces in Mint State and Proof, thus wholesale levels are higher. We continue to monitor other increases in most of the early collector series.

     The Baltimore Coin and Currency Convention begins Thursday and should be rather active. Most dealers feel this is the last major show of the year and this venue draws a massive collector clientele from all surrounding states.

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