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NumisMedia Weekly
NumisMedia Weekly Market Report


Current News and Analysis of the

United States Rare Coin Market




June 14, 2010

As Summer Approaches, Market Appears Sound


     The majority of dealers on the teletype networks continue to market bullion related coins, where most of their sales are occurring. As long as the bullion market is this strong, it helps maintain the collector market as well. Wholesale Market prices are currently steady at present levels, with premium quality coins a priority for dealers and collectors. The + designation NGC and PCGS are now employing has everyone looking for high-end coins. The thought is that these coins will retain and increase in value at a better rate than those without the + incentive. We are beginning to see many of these coins trading at premium levels, especially in major auctions where there is strong competition.

     With the Whitman Coin and Currency Convention beginning Thursday this week, most dealers are expecting a very busy show. Gold has held up fairly well over the $1,220 mark the past few weeks despite the quick spurts up and back down. We have noticed a slight downturn in premiums for U.S. Gold coins as common Twenties dropped about $80 per coin. This usually occurs when inventories become a little heavy for the major market makers. Proof Silver Eagles in original boxes are now trading at $57 each among dealers and the one-ounce Proof Gold Eagles are at least $1,980. Again, these are for no problem coins in original government packaging.

     In looking at this week's LD Wholesale Market Dealer Price Guide, we see sporadic adjustments throughout most series. Generally changes are higher as dealers are looking for very specific dates within some series. There are a few minor declines for the 1909 S VDB in various Mint State grades due to all the coins that have been offered in auctions over the last six weeks. We have seen at least 50 coins sell over this timeframe and the market has held up fairly well. None of the changes has been too drastic. When there are so many coins of one date in an auction, once the first coins sell, it may reduce the amount of competition left to pursue the remaining coins and buyers can usually expect to see bargain prices.





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