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NumisMedia Weekly
NumisMedia Weekly Market Report


Current News and Analysis of the

United States Rare Coin Market




April 7, 2008

Metals Stabilize; Move Higher


     After a major correction in the metals this past week, the momentum has reversed and has begun to climb back upward. Buyers seized this opportunity and fresh demand forced prices to surge higher in the last few days. This morning, Gold is up over $12.00 at $926.00 and Silver is up nearly $.40 at $18.13. Platinum is above $2000 again, now at $2034. All prices are reported as of 9:57 am PDT.

     Dealers do not see any let up in demand for collector coins. Nearly every series in the Lower Denomination Wholesale Price Guide displays advances this week. But what is most interesting is that most steady issues are still in strong demand. Buffalo Nickels, Mercury Dimes, Standing Liberty Quarters, are all very active at shows and auctions. Dealers know they must be very aggressive when these coins become available in the market.

     The dealer teletypes continue to show an extreme amount of buying and selling activity. Nice coins, rare coins, they do not last long in inventory. In this seller’s market you might expect dealers to hold out for the last buck. Surprisingly, dealers are not being greedy. Most are adding a reasonable profit and moving on to the next deal. By doing so, collectors are satisfied that they are in a legitimate two-way market.





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