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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

April 14, 2008

Steady Market Expected at Central States

     The Central States Numismatic Society Convention begins Wednesday in Rosemont, Illinois. The Chicago area and surrounding states are a good source of collector activity so dealers are expecting heavy trading. The market continues to be very good for coins that are less frequently found in large quantities. Typically, the modern issue coins fall into the ‘needs to be discounted to attract buyers’ category.

     Generic Morgan and Peace Dollars are showing strength as most of the dealers across the country are buying them for customers. Competition is very aggressive for MS63 and higher grades. Quantities needed are substantial and wholesale bids seem to be rising on a weekly basis. What may be more interesting is the fact that buyers are willing to pay in advance of current levels for coins that show just a little more eye appeal than average coins for the grade.

     Early Gold continues to show advances in this week’s Wholesale Market Price Guide. While rare in most dates and grades, the Mint State issues are even more attractive to sophisticated collectors. There are several dealers actually looking for quantities of the same date and grade because they have multiple buyers for these coins. MS61 and MS62 grades for $2 ½, $5, and $10 Gold are also having remarkable advances. Years ago, these grades did not interest the collector. Now, they may be the only grades available in today’s market.

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NumisMedia Weekly Archive

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