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NumisMedia Weekly Market Report
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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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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