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NumisMedia Weekly
NumisMedia Weekly Market Report


Current News and Analysis of the

United States Rare Coin Market




February 22, 2010

Dealers Active with Modern Bullion Coins


áááááOver the last couple of weeks, much of the trading on the dealer networks has been for bullion related material. Dealers are trying to keep up with investor demand as the metals are influencing much of today's market. Gold Eagles, Spouse Gold, and Buffalo Gold top dealer buy lists, with some dealers specializing in fractional coins. There are several dates of $25 Gold Eagles that are difficult to acquire so premiums are significant. These dates include 1988, 89, 90, 91, 92, 95, 96, and 2001. Dealers will buy these coins in grades MS65 through MS70.

áááááThe rapid decline of the Proof Gold Eagles with original packaging has hit a bottom and is now headed back upward. The latest wholesale trades have been noted at $1,600 per ounce. They had fallen to $1,450 three weeks ago. Proof Silver Eagles are moving higher, now trading at $52 for the common dates. In this week's Moderns Wholesale Market Dealer Price Guide, there is a variety of adjustments throughout the series relating to metals. Platinum and Gold Eagles are generally lower since the last issue, however, the UHR is stronger. Dealers are especially looking for Prooflike and Early Release coins in MS69 and MS70.

áááááDemand for Modern Commemorative Halves and Dollars is sporadic at best. We don't see a lot of discounting in the common dates so prices remain mostly steady. Yet, some of the high value better dates will trade at discounts in today's climate. Modern $5 and $10 Gold Commemoratives are showing strength at current levels. Keep in mind that many of the common issues trade at a small premium over their Gold value in MS69 and MS70. Premiums were higher so it appears that buyers are taking advantage of these lower premiums. The Buffalo Gold chart indicates numerous increases, especially for the 2008 issues including Fractionals in high grades.





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