|
NumisMedia Weekly Market Report
November 23, 2009
Silver and Gold on the Rise and in Demand
With Gold moving higher on a weekly basis (now over $1,170), it seems like the average investor's focus has turned to Silver. Premiums are higher and bags of silver coins are becoming more difficult to acquire. Silver is quickly approaching $20 an ounce, currently over $18.50, and coin shops cannot keep enough supplies in stock. Silver Eagles, bars, and coins are attracting new buyers as they try to hedge against the falling value of holding onto cash. Bank interest rates are down and interest rates on credit cards are astronomical. Many consumers are cutting down on credit card purchases and taking advantage of upcoming holiday sales and spending available cash.
Since our last HD Wholesale Market Dealer Price Guide, Gold has advanced over $130 an ounce. The result is that nearly all of the U.S. Gold series are showing strong advances in this week's guide. From Good all the way up to MS65, the Wholesale Market has increased and so has the demand. Premiums are higher for $10 and $20 Gold in all grades. MS65 Saints have increased from $2,150 in MS65 to the current Market of $2,600; the $20 Liberty moved to a higher $5,250 in MS65. Even the higher grades are getting difficult to locate. MS66 Saints are up to $3,325 from the previous $2,970 and $20 Lib's jumped to $14,750.
All this pressure on U.S. Gold coins means that the rest of the market is somewhat ignored. Early Bust Halves, Seated and Barber Halves are steady at present levels and Early Type coins in general are not seeing much discounting as they were in the past six months. If prices can remain stable for the next 6 weeks in early collector coins, the FUN Show could produce some exciting activity as the year changes to 2010.
Happy Thanksgiving to all!
|
|
|
|
|
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.
|
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.
|
|
|