Several Coins Showing Solid Demands|
June 11, 2013
The Tennessee State Numismatic Society Show in Chattanooga was well attended by dealers and collectors. I spoke and did business with people from at least 10 different states.
While many dealers were engaged in Tennessee, there were equal or larger numbers attending the Las Vegas Coin Club Show and the PCGS Invitational Show also in Las Vegas, both of which had good reports.
It seems that results from all shows in 2013 have been positive, and no wonder with the market action we have seen.
We have the first $10 million coin, a 1794 Flowing Hair dollar sold by Stack’s in January.
We have most copper coinage before 1865 up in our listings in grades ranging from Good-4 in regard to most half cents and Draped Bust or Classic Head large cents to nearly all rising in About Uncirculated-50 or better.
Flying Eagle cents have literally taken off in mint state and even some of the overhoarded key and semi-key modern issues are thinning in supply.
Of course, classic early U.S. coins can be said to always be in demand, but take a look at Seated Liberty half dollars. Most grades from G-4 to AU-50 are up 10 to 20 percent so far this year.
Numerous scarcer date Morgan dollars are also up with emphasis on Carson City issues. Peace dollars, while the generic issues are quiet, the exact opposite is true of the scarcer issues, which include higher grades of 1922-D and -S, 1923-D and -S, 1924-S, 1925-S, 1926-D, 1928-S, 1934-D and -S, and 1935-D and -S. All grades of the 1927-P, -D, -S issues are rising as well.
In the more modern field of American Eagles, we also have very positive activity. There are more and more collections being formed of all sizes of gold and silver Eagles.
In the gold issues, the tenth- and half-ounce sizes have the most activity.
Regarding silver issues, premiums have come back to normal levels on the earlier issues in mint state and proof.
When bullion first rose sharply and there was strong promotional demand for any BU or proof silver Eagle, date premiums evaporated. Now they are back and very real.
Even the proof and mint set market stabilized just before the start of this year and has enjoyed some firming, especially in several recent sets where dealers and collectors were caught short when the Mint sold out early and we have some of the lowest mintages since the mid-1950s.
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