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NumisMedia Weekly Market Report
Which Direction Are Your Coins Headed?
July 18, 2016
It is very difficult to measure how the metals will respond over the next few weeks. With the Republican National Convention about to begin in Cleveland, collecting and investing seems to have taken a backseat with many dealers reporting slower than expected sales at the just completed Whitman Baltimore Expo. However, there were still plenty of dealers expressing a more positive outlook and had increased sales over previous shows.
Gold is lower this morning; currently at $1,327 and Silver is barely under $20 an ounce. Still, 90% Silver bags are trading at $15,000 and VG and better Silver Dollars are at $24,350. Proof Silver Eagles remain steady at $50, while the one ounce Proof Gold Eagles are trading at $1,540 in the OGP. While the metals seem to be slightly soft as the week begins, it was just a short year ago when Gold fell to $1,072 in overnight trading. Silver was under $15 then and now most investors are wishing they had jumped in when the prices were at those lows. Now buyers are trying to predict what the next year will bring.
While the market remains lackluster for most common collector coins dated after the 1930's, we are finding more dealers looking to buy and sell better date coins. The Teletype systems can be a benefit to dealers, using listings as an expanded inventory to offer to their own customers. Market prices continue to display more declines than advances throughout the LD Wholesale Market Dealer Price Guide this week, but there are still enough increases to offer encouragement. Below are a few of this week's increases.
| Date/Denomination | Grade | Current Market |
| 1793 Wreath Cent Vine & Bars | VF20 | $8,550 |
| 1831 Large Cent | MS65 BN | $1,650 |
| 1857 Flying Eagle Cent | MS65 | $2,850 |
| 1877 Indian Cent | MS63 BN | $4,225 |
| 1908 S Indian Cent | MS66 Red | $4,325 |
| 1909 S Lincoln Cent | MS66 Red | $2,725 |
| 1923 S Buffalo Nickel | MS65 | $5,875 |
| 1927 S Buffalo Nickel | MS65 | $10,350 |
| 1854 O Half Dime W/Arrows | MS66 | $5,000 |
| 1906 S Barber Dime | MS67 | $6,950 |
| 1925 D Mercury Dime | MS66 FB | $6,125 |
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Demand for a majority of these coins has remained stable over the last couple of years and the populations have not increased much over this timeframe. One coin that has gone in the opposite direction is the 1912 S Liberty Nickel. In MS65 it has fallen from $3,025 Market to the current $2,700; in MS66 it is down from $9,325 Market to today's level of $6,875; these declines are for prices from the beginning of this year. This date has become easily available in major auctions and in dealer sell lists. There are 393 coins certified in MS65 by PCGS and NGC; in MS66 there are a total of 51 coins certified.
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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
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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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![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
