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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

December 10, 2007

Market Persistence Continues

     Activity in the coin market may be slightly lower; however, this is typical for the year-end and holiday season. Many major companies try to reduce inventory at the end of the year so they are not quite as active on the buying side. Yet, they are still maintaining strong prices for the coins their clients need.

     We are not seeing any fire sales in order to reduce inventory; in fact, most dealers are consistent with their wholesale buy prices, but sellers are not willing to drop their ask prices to consummate deals. There are numerous advances this week in the Wholesale Market Dealer Price Guide for Early Half Dollars through all of the Classic Gold Coins. A rash of increases for specific grades punctuates most series. Many of the actual trades are usually slightly above these levels.

     The metals continue to play havoc with collectors and investors as the daily swings have a tendency to scare potential buyers. This morning the metals are all markedly higher with Gold surging back above the $800 mark. This level makes for an increase in holiday gift items. Many collectors enjoy giving bullion coins to potential new collectors at this time of the year.

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