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NumisMedia Weekly Market Report
May 9, 2011
Wild Swings in Metals
Last week was a little disconcerting for buyers of metals. The trend went from a record high only to fall back dramatically in a very short time. Gold had a swing of over $50 an ounce and finished the week just under $1,490. Silver was climbing toward $50 an ounce ten days ago only to bottom out and finished the week under $35. The metals appear to be in a recovery mode as the week begins with Gold at $1,508.70 and Silver advancing to $37.36.
Proof Gold and Silver Eagles have been very volatile this past week. As of this morning, Proof Gold Eagles are wholesaling at the $1,700 mark and Silver Eagles are at $78; these must be in the original government package. With the ups and downs of metals, dealers have become very tentative with their offers to buy and sell.
There are numerous adjustments in this week's Moderns Wholesale Market Dealer Price Guide with most of the common silver related series headed lower. Nonetheless, the early Proof Lincoln Cents show another round of increases. The 1909 PR65 is now up to $1,550 in Red & Brown, as is the 1915 in the same grade. The 1916 in R&B is up to $4,425 in PR65 and $6,250 in PR66.
Even though the metals retreated from recent highs, the price of Gold and Silver is still higher since our last Moderns issue. The Modern Eagles chart has many increases for Silver and Gold Eagles. Common $50 Gold Eagles wholesale at $1,550 in MS70 and $1,600 in PR70. PR69 Silver Eagles are up to $68 while MS69 certified coins are $45.
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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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![[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)
