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THIS WEEK'S MARKET
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MERCURY DIMES:
Although most keys in high grade are still accompanied by viable supporters, buyers are content to remain pat with present Bid levels. On the other hand, much problem-free Fine and Very Fine material is accelerated under tactful advances once again.
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WALKING LIBERTY HALVES:
Walkers have already lengthened their triumphant stride and are looking to maintain momentum. This report confirms demand is billowing for those tough early year prizes with the accent squarely on solid MS65s. The popular short-set is relatively solid with buyers, although a Denver duo is spotted drifting a tad lower in Gem.
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DOLLARS:
Although generic offerings in Choice thru Gem have eased back to $38, $53 and $140 Bid respectively as a result of the enormous supply on the market, there appears to be no other dissension within the Morgan ranks. The beat goes on as a solid showing for scarcer dates in the loftier MS65-MS67principality drives home the fact that rare dates, superbly preserved, are still in great demand. The popular 1903S tops $9K in MS65 while the scarcely encountered 1886S rallies in MS66 and MS67, with the latter climbing to $23K. DMPLs are grinning again, as nearly 4 dozen are beaming with higher offers. Peace Dollars maintain civility as the majority has waiting homes in Choice and beyond while the better 1922D reports in at $1,700 in MS66.
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PROOF SETS AND MINT SETS:
In addition to solid demand for 1936-1950 Proof Sets, a quartet of recent installments is on the upswing. Silver Proof Sets of 2001 at $130 Bid and 2002 at $50 are perhaps the springboard to launch a more rounded base of support. Mint Sets feature none dissenting, and the2002 issue inches to $15.50.
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COMMEMORATIVES:
Classic Silver may finally be getting a wake up call. Slowly, buyers are beginning to sprout up at or near assigned levels. Leading the charge, the only Dollar attached to the Classic contingent, the 1900 Lafayette is galloping ahead on the strength of a $9K Bid in MS65. These Dollars always seem to be in demand, especially in problem-free original condition. Other popular issues such as the Hawaii, Hudson and Spanish Trail are all emerging from the shadows as buyers attempt to rejuvenate this composite of numismatic Americana. Classic Gold, although not reveling in new demand, remains stabile under the watchful eye of buyers. 2008W with reverse of 2007 American Silver Eagles remain in high demand. With a recent peak of $600, these goofs are now Bid at $520. NGC has slabbed 11,458 of these varieties, while 2,162 have been graded by PCGS.
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TYPE:
This powerful component has absolutely amazing support. While buyers attempt to pick up suitable offerings at designated Bid, some tougher Mint State compatriots are clamoring for homes at higher levels. Capped Bust Dimes from 1828-37 are drumming up customers as MS63-MS65 mount advances with Gems topping $6,500. 1854-55 Liberty Seated Halves with Arrow receive a solid bounce, as MS65s roar to $8,200. Proof Type is blazing hot too, as nearly all of the series are lively with supporting Bids reflecting early summer heat.
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GOLD:
For most in this segment, including the scarcer Gold Type, we see further easing back on the Bidding throttle. Seemingly oblivious to this cooling, colossal High Reliefs are maintaining current levels in Mint State forums, and $20 Liberty Type 1 examples in MS65 are up this week.
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Reprinted from Issue No. 24 June 13, 2008 of the Coin Dealer Newsletter -
the Greysheet
This article is copyrighted, may not be reproduced
without permission from CDN publications. ©2008 CDN Inc.
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©2008
CDN Inc.