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NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

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