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NumisMedia Weekly Market Report
$3 Gold Spark Interest
April 1, 2013
This week's Moderns charts are mostly covered with declines as the metals backed off of previous levels. The downturn we have experienced over the last couple of months typically signals buying opportunities for investors. However, the overall economic picture reveals so many negatives at this time, buyers are electing to take a wait-and-see approach. Most analysts are still leaning toward higher metals in the not too distant future. With Gold just under $1,600 an ounce, the one ounce Proof Gold Eagles are wholesaling at $1,780. Proof Silver Eagles are steady at $60 in the OGP. The premiums on Silver bags have increased slightly in the last month but with Silver at $28 an ounce, bags are just under $20,000 at this time. Silver Dollars remain very active even if they are down a bit, now at $31,350 a bag of one thousand for VG's.
While the majority of traffic on the Teletype systems is bullion related, when nice collector coins are offered at current levels, they will usually sell rather quickly. An area that will attract buyers in most markets is the $3 Gold series. A look at the FMV shows numerous increases for many of the better dates in AU58 through MS63. Many of these coins have low mintages and the census reports indicate low availability. The FMV is higher for the dates listed below in MS63.
1856 S - $31,880 - MS63
1858 - $28,130 - MS63
1861 - $15,940 - MS63
1865 - $27,500 - MS63
1877 - $57,190 - MS63
Morgan Dollars are in strong demand at current levels. There are hundreds of buyers all over the country looking for better dates in most grades including MS63 to MS67. If the coin has the + designation or CAC sticker then it has a much better chance to sell to any number of buyers. The 1882 CC in MS67 recently rose to $7,060 FMV; the 1892 advanced to $4,340 in MS65; and the 1892 CC increased to $8,910 in MS65. Most dealers expect this to be a very competitive market for the next few months.
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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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