|
NumisMedia Weekly Market Report
October 20, 2008
Premiums Rise Despite Bullion Decline
Premiums are on the rise for bullion coins, especially Gold. In the three weeks since we last printed the HD Wholesale Market Dealer Price Guide, Gold has dropped from just over $900 to a current $786 an ounce. However, the wholesale prices for circulated ten and twenty-dollar gold pieces remain about the same as it was at the end of September. One can conclude that premiums have jumped over $100 per ounce. Further, Mint State $10 Liberty and Indian Gold have increased in MS60 to MS65. Demand is also strong for Mint State $20 Liberty and St. Gaudens. Saints have increased over $100 in MS61 to MS64.
Premiums could remain high as long as the public demands physical gold and silver at a time when the paper contracts for gold and silver have been forced downward. Buyers are currently willing to pay up to $5 or more over typical premiums for common Silver Eagles as long as they can take possession of them. Most people are afraid of a further deterioration of their savings and investment money. As long as physical products are in short supply, the premiums should continue to perform out of the normal range.
There are several series in this week's HD Wholesale Market Dealer Price Guide reporting lower prices. Bust Half Dollars in VF to AU list several dates adjusting downward. There have been more coins coming into the market than the current demand can handle. However, most declines are minimal and there are buyers at these slight discounts. Walkers and Franklins are also showing some softness in grades MS64 and MS65. Again, the declines are minor and there are buyers taking advantage of the bargains. It would appear that many sellers are adjusting their holding of rare coins to include additional bullion coins as a diversified measure against the current economic crisis.
|
|
|
|
|
NumisMedia Weekly Dealer Price Guides
Weekly and Online Wholesale Prices
NumisMedia presents Wholesale Dealer Prices representing dealer trading levels for properly graded sight-seen coins.
Subscribers to the Dealer Price Guides will receive our Weekly Wholesale Market Dealer Price Guides and access to all of our Online and Mobile Price Guides: Market, FMV, PCGS, NGC, CAC, & Plus +.
Our Weekly NumisMedia Wholesale Market Dealer Price Guide package of 52 issues a year includes:
The Classic HD has grades from Fine through MS68 in every U.S. series in the higher denominations: Halves, Dollars, Gold, and Commemoratives.
The Classic LD has grades from Fine through MS68 in every U.S. series in the lower denominations: Half Cents through Quarters.
The Moderns Edition has grades from AU50 through MS70 in every Modern series.
|
NumisMedia Weekly Extra
Weekly PDF Publication
Now included for all NumisMedia Dealer Subscribers and Members, the NumisMedia Weekly Extra Wholesale Dealer Prices, in PDF format only.
This comprehensive look into the coin market is our most complete publication yet, and it's got everything dealers have been asking for.
This easiest way to get your copy of the new Weekly Extra is with an Online-Only Dealer Subscription, for as little as $20/month.
All NumisMedia Dealer Subscribers and Members will receive the Weekly Extra, in PDF format, every Wednesday, via email, or download from numismedia.com/extra after post.
|
|
|