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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

April 18, 2011

More Buyers Than Sellers

     The biggest problem facing most dealers today is not being able to satisfy customer demand. Our best estimate is that buyers outnumber sellers at least ten to one. Competition for rare coins, as well as modern and bullion related material, has dealers working overtime.

     We all know the metals have been hot for a long time and bullion related trades have been the focus for most dealers. But now we are seeing increases in prices across all the charts, including Silver coins. Walkers have recently become active and several other series are showing signs of renewed vigor.

     With Gold approaching the $1,500 mark, most buyers are continuing to add to their already heavy positions of Gold and Silver coins. Silver hit $43 and pushed toward $44 before profit-taking caused a minor downward tick. Stock market weakness has many sellers moving funds into the coin industry. New investors continue to force prices higher for both Silver and Gold Eagles in the original government package. Proof Silver Eagles are now wholesaling at $77 and the Proof Gold Eagles are $1,670.

     All Silver related series have increased in this week's Moderns Wholesale Market Dealer Price Guide including War Nickels, Roosevelt Dimes, Washington and State Quarters, Kennedy Halves, and Ike Dollars. The chart for Modern Eagles shows advances nearly across all grades. Modern Commemorative Dollars have all increased because of the price of Silver. Numerous dealers are trying to buy these coins to help fill the needs of Silver buyers even though these may not be their primary demand. Modern Commemorative Gold coins are in demand for the same reasons. Activity for Buffalo Gold is very brisk and supplies are dwindling.

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