NumisMedia

NumisMedia Article Archives

Informative and educational articles from some of the hobby's leading numismatists

NUMISMEDIA IS SPONSORED BY
L & C Coins

Back to the NumisMedia Home Page



NumisMedia Weekly
NumisMedia Weekly Market Report


Current News and Analysis of the

United States Rare Coin Market




November 9, 2009

Gold Breaks $1,100 Mark


     The amount of activity on the dealer trading networks has increased over the last few weeks because of advancing metals. With Gold now over the $1,100 level, it is attracting more buyers. Further, every time Gold reaches a new milestone, the number of investors increases as well. Every major uptick brings with it added credence that the analysts are correct and Gold is headed to much higher levels. The current demand for bullion coins keeps most dealers so busy that they have not concentrated on their rare coin inventories.

     Buyers are mostly interested in Gold Eagles and Buffalo Gold, along with the 2009 UHR. Market prices are higher in most grades of Proof and MS69. Premiums are being paid for coins that are in the original government packaging. For Example, a one ounce Proof Gold Eagle will wholesale for at least $1,775 with all the original packaging. However, the premiums have dropped for the UHR because the Mint previously lifted the purchase limit and thousands of units have hit the market. Many dealers believe the Early Release and the Prooflike UHR’s will become the collectors’ choice in the future. The Early Release will have a very limited population and already seem to be difficult to locate.

     This week’s Moderns Wholesale Market Dealer Price Guide indicates minor changes for most of the series from Lincoln Cents through Presidential Dollars. Many of these coins have reached levels that appear to be so cheap that sellers are not interested in discounting them any further. Since most dealers have plenty of this type of material in stock, there is little need to offer to buy more at higher levels. It will take a completely new group of retail buyers to get these coins started up again. One series that has seen some changes is the State Quarters in PR70. There are a large number of adjustments, with the majority being higher Market prices.





Go to the Weekly Market Report Archive









Search NumisMedia

Keyword search all of our past and present numismatic articles

Custom Search





 

**Online Access Special**

 

NumisMedia is currently offering a special first-time subscriber rate. The pricing information we report comes from all over the numismatic market, from reliable dealers known for their unbiased market knowledge. Dealer subscribers are a part of our numismatic community, responsible for assisting us in our never-ending pursuit to report real market prices.

NumisMedia Online Access Dealer Price Guides


 

1 Month - Online Access

to the Wholesale Market
Dealer Price Guides

 

$15.00

 


 

* Dealer Subscribers get access to ALL of our Online and Mobile Price Guides - Market, FMV, PCGS, NGC, CAC and Plus +.

 

* Dealer subscribers will receive the current password and user name for full access to the Online & Mobile Dealer Price Guides via email (usually within one working hour). A new monthly password and user name will be sent via E-News at the beginning of each month.

 

 

Subscribe at:
http://www.numismedia.com/coinprices/onlineaccess.shtml


See our other special subscription rates at:
http://www.numismedia.com/coinprices/special.shtml






Brought to you by

E-mail questions & comments to info@numismedia.com
Copyright © 2017 Numismatic Interactive Network, LLC
All Rights Reserved. Terms of Use - About Us - Help Center








NumisMedia

Weekly

Market Report

Archive


NumisMedia Weekly Archive

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