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NumisMedia Weekly

Current News and Analysis
of the United States
Rare Coin Market

Low Pop Highest Grade Modern Eagles Top Want Lists

June 20, 2016

     Now that summer is here, vacations will begin to influence activity in the coin market with dealers spending more time with their families. But if bullion continues steady to higher, most dealers will remain busy. After a surge over the $1,300 mark last week, Gold has since fallen back to just under $1,290. Most analysts feel that Gold holding near $1,300 is very important for future upside tendencies.

     Silver is stronger at over $17 an ounce and buyers are aggressive for Silver Dollars and Silver coins in general. Very Good Silver Dollars are wholesaling for $23,850 per bag of one thousand. Ninety percent Silver coins are trading at $12,820 per bag. One ounce Proof Gold Eagles are trading at $1,500 at the moment and Proof Silver Eagles are down slightly at $50. Dealers need these in the original packaging.

     Most buyers in the current market are very selective at present wholesale levels. There is a continued downtrend for most coins that have high populations in their specific grades. Buyers are looking for low population coins with eye appeal and are fairly competitive when they find what they want. In this week’s Moderns Wholesale Market Dealer Price Guide the majority of adjustments are higher with bullion advances over the last couple of weeks and Registry collectors remaining aggressive for the top grade modern issues. Listed below are a few MS70 Gold and Platinum dates that have advanced over the last few weeks.

Date/DenominationGradeCurrent Market
1987 $10 Gold EagleMS70$1,450
1988 $10 Gold EagleMS70$2,975
1989 $25 Gold EagleMS70$7,825
1991 $25 Gold EagleMS70$4,950
1997 $50 PlatinumMS70$3,750
1999 W $5 Gold EagleMS70$3,125
2000 $100 PlatinumMS70$27,500

     With the 2000 $100 Platinum at a Market price of $27,500, it makes sense that some dealers will attempt to find the very best MS69 coins in the market and resubmit them for a shot at an upgrade to MS70. The Market price for the MS69 is $1,005 so the downside risk is minimal. There are many other coins that have these same quality and rarity characteristics. The balance of the Moderns market is generally steady to lower with little interest in Lincoln Cents through Kennedy Halves. Most of the adjustments are down especially for the PR70 Jefferson Nickels where an increase in available coins has led to a drop in value. Several dates from 1977 through 1988 are lower due to the willingness of sellers to discount specific dates. One area that still seems to do well is Proof Lincoln Cents. Even though some prices are lower, buyers like the coins from 1909 through 1936 as long as they have good eye appeal and no detrimental spots. One of the rarities in this series is the 1915 in high grade; the PR67 in RB is now at $10,000 Market. There are only two coins certified in this grade with just two more in PR67 Red and none higher.

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