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NumisMedia Weekly Market Report
October 11, 2010
Gold, Silver Press Onward
Dealers are reporting constant activity with the metals driving to new highs on a weekly basis. The Teletype systems have remained busy with dealers buying and selling at a fervent pace, trying to keep up with the multitude of metal related transactions. One day they may be buying more than they sell and the next day the trend reverses. Most of the shows, even the smaller ones, are reporting lots of bullion related sales throughout.
In this week's Moderns Wholesale Market Dealer Price Guide, there are sweeping advances in the bullion charts. From MS60 through MS69 and many of the 70's are all rising with the prices of Gold, Silver, and Platinum. In some cases, the prices of the 69 grade have forced an increase in the prices of the 70 grades even though we have not seen many of the 70's trade. With Gold moving so fast, owners of coins in the 70 grades should look at the population reports to see how many have been certified in the grade. If there is a high number certified in 70, then it is likely the value will closely follow the price of the metal. This is even truer with the 69 grade. MS69 Gold Eagles are up to a Market minimum of $1,360 now, and the $25 Gold Eagle is at $680. There is still a lot of interest in the better date $25 Gold eagles, with the 1990 advancing to $1,375 in MS69 and the 1991 up to $2,000 in the same grade.
Modern Buffalo Gold is still very strong with the 2008 issues well above bullion levels. The fractional coins are not readily available and, when they are offered on Teletype, they usually sell rather quickly. The 2008 W $50 Gold in PR70 Deep Cameo is wholesaling at $3,400. The Spouse $10 Gold is also advancing, and the 2008 issues all command premiums in 69 and 70. The 2009 W $10 J. Tyler in MS69 is now up to $1,050 wholesale and the MS70 is $1,250. The PR70 is trading at $1,150. While Gold has increased, the premiums for the 2009 UHR have fallen somewhat. There seems to be quite a few MS69 coins available in the market.
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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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