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NumisMedia Weekly Market Report
November 10, 2008
Strength in Numbers
Even though we have been experiencing a few more declines than usual of late, we do have one major factor in our favor: there are plenty of serious buyers in this present coin market. The economy is weak but numismatics is quite healthy. Buyers are looking for specific coins at current FMV levels, but if notable coins are available at discounts, there are thousands of willing collectors ready to take advantage of any fire sales. Dealers continue to maintain their wholesale prices for coins they need for eager clients.
This week's HD Wholesale Market Dealer Price Guide reports numerous changes in most series. Bust Half Dollars can stimulate a large amount of interest when collections enter the market. Yet, we notice quite a bit of difference in prices for specific issues and grades. Off quality or secondary grading service coins will typically bring heavy discounts of current FMV prices. This is still a positive sign that there is strong interest in this series. NGC and PCGS graded coins attract the strongest prices and even then, some buyers are selective as to overall quality and eye appeal.
The U.S. Gold series remain very active even as wholesale prices fluctuate up and down. You will find many declines for generic $10 and $20 Gold coins but premiums on U.S. Gold are still above normal levels as demand builds. What we have noticed is that some high-ticket coins are discounted because sellers need to increase cash reserves. In many cases, the discounts are relatively minor; for example, the 1913 S $20 Saint in MS65 fell from $33,500 wholesale to $32,250 this week. In contrast, the early TI $20 Liberties are showing strong advances for the rare O Mints. The 1856 O, in AU58 jumped from $475,000 to $510,000 wholesale in the past month due to recent auction reports. Rare coins still bring advanced levels of previous prices.
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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.
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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.
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