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NumisMedia Weekly Market Report
May 12, 2008
Mixed Market for Modern Issues
Early Proof Lincoln Cents from 1909 to 1916 are extremely difficult to purchase at today's levels. When these coins are available they bring premiums to previous prices if they are nice for the grade. Even average coins are in demand because of the lack of coins in the marketplace. Registry collectors remain avid buyers for the highest grades; this week's Wholesale Dealer Price Guide shows the 1914 in PR68 Red advanced to $95,000.
Demand remains consistent for Washington Quarters. However, there appears to be some dates where the number of coins in the market is more than current demand. Therefore, it takes some discounting to sell these issues. In addition, there are some dates that advanced so much in the last two years that it was time for them to back off somewhat. There are numerous declines for many issues from 1932 to the 1960s, mostly in the grades from MS62 to MS66.
Since Gold broke the $1,000 barrier in mid March it has steadily moved downward. It is currently just above the $880 mark. When Gold was moving toward its record high, there were noticeable premiums for most Modern Gold (and Platinum) coins in the highest grades. With the precipitous drop in these metals, the premiums for the most common modern issues have dwindled. Dealers are consistently trading certified modern bullion issues at levels very close to their intrinsic value.
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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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