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NumisMedia Weekly Market Report
November 9, 2009
Gold Breaks $1,100 Mark
The amount of activity on the dealer trading networks has increased over the last few weeks because of advancing metals. With Gold now over the $1,100 level, it is attracting more buyers. Further, every time Gold reaches a new milestone, the number of investors increases as well. Every major uptick brings with it added credence that the analysts are correct and Gold is headed to much higher levels. The current demand for bullion coins keeps most dealers so busy that they have not concentrated on their rare coin inventories.
Buyers are mostly interested in Gold Eagles and Buffalo Gold, along with the 2009 UHR. Market prices are higher in most grades of Proof and MS69. Premiums are being paid for coins that are in the original government packaging. For Example, a one ounce Proof Gold Eagle will wholesale for at least $1,775 with all the original packaging. However, the premiums have dropped for the UHR because the Mint previously lifted the purchase limit and thousands of units have hit the market. Many dealers believe the Early Release and the Prooflike UHR's will become the collectors' choice in the future. The Early Release will have a very limited population and already seem to be difficult to locate.
This week's Moderns Wholesale Market Dealer Price Guide indicates minor changes for most of the series from Lincoln Cents through Presidential Dollars. Many of these coins have reached levels that appear to be so cheap that sellers are not interested in discounting them any further. Since most dealers have plenty of this type of material in stock, there is little need to offer to buy more at higher levels. It will take a completely new group of retail buyers to get these coins started up again. One series that has seen some changes is the State Quarters in PR70. There are a large number of adjustments, with the majority being higher Market prices.
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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.
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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)
