Mint State Type Gold Coins Focus of Buyers|
June 10, 2013
Gold has been confined to a trading range capped at just over $1,415 and supported at $1,385 for the last week. Silver is still trailing and now is 62.5 to 1 versus gold. Platinum has attempted to break to the upside, hitting 1.08 to 1 and looking like it will go higher with continued unrest in the South African mining sector. Two senior union leaders were shot and killed there; this is surely going to add fuel to an already tense situation. Equities have weakened on trouble with Japan’s reflation program.
Gold bullion supplies remain tight, but available with minor delays. Silver is still very tight in supply but most delivery delays are down to two weeks. Proof silver Eagles have become very active by date with the 1994 issues again topping $135, a number we have not seen in over a year. In the area of gold type coins there is a flight to quality as Mint State issues generally are rising while circulated issues have declined slightly in premium. The Liberty $20 is in particular demand in MS-63 and above with MS-65 specimens up by $25,000 in a week.
Regarding non-gold type coins, Capped Bust dimes in Mint State are hot with so few available they have shown gains of over 10 percent. Early copper continues in demand and proof three-cent silvers are hot. Capped Bust quarters are also active in Mint State and there is one buyer looking for a few hundred in VG-8. Good luck. The no motto Seated quarters and halves have risen in MS-63 as well.
More Coin Collecting Resources:
• Get exclusive collectors’ value packs at special discounts for investing in collectible coins, world coin collectors and North American coin collectors
• Get the 2012 Coin of the Year – limited quantities remain!
• Get them instantly! Buy digital editions of past issues of World Coin News, Coins Magazine and Coin Market eXpress!
Add to: del.icio.us digg
With this article: Email to friend Print
Something to add? Notice an error? Comment on this article.