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NumisMedia Weekly Market Report
May 17, 2010
Gold Breaks $1,240 Mark
The big news last week was Gold breaking through $1,240 an ounce establishing a new high. Since then it has drifted back to just under $1,230. Still, dealers are reporting a surge in activity for all bullion related coins. Every dealer is looking for various types of bullion for their customers; everything from modern bullion coins to circulated dollars, silver bags, and gold or silver bars. There is a long list of increases in this week's Moderns Wholesale Market Dealer Price Guide.
Gold Buffalo and Eagle coins are very active with many buyers wanting them in original government packaging. One ounce Proof Gold Eagles have been trading as high as $1,925 from dealer to dealer. In addition, collectors and investors are buying MS and Proof 69 & 70 coins because the premiums are low compared to previous levels. The Market price for the most common MS69 Gold Eagle is $1,235 and PR69 is $1,725. The coins that are available closest to the actual bullion price are the most active. UHR $20 Gold has seen a lot of trading lately with prices advancing in MS69 & 70. The Early Release Prooflike coins are becoming very difficult to locate and premiums have increased substantially.
Modern $5 and $10 Gold has increased across the charts up to MS69 and many of the 70's that trade relative to bullion prices. Many of the Spouse Gold coins are higher in 69 & 70 with some premiums on the rise. Several of these coins have been tough to locate, thus, dealers are willing to pay more for them. The Monroe, Adams, Jackson, and Van Buren have been the most difficult to find. In the Modern issues, it looks like Lincoln Cents are showing new strength. Sales are on the rise and many advances are noted. Early Proof Lincoln Cents have numerous Market increases due to recent sales, mostly in major auctions. These coins are truly rare in original condition.
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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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