Gold $20 Prices Ascend with Gold Bullion|
January 21, 2014
Gold is $10 above last week, but still can’t get over $1,255. Silver is over 2 percent above our last report and platinum about half a percent over. The first week’s demand for 2014 silver Eagles although down from last year’s record totals by approximately 750,000 coins, are virtually tied with 2012 demand, the second highest year on record. Whatever you hear about weak silver demand in the media, it is just not true. It is just not overwhelming like it was at the market peak.
In gold type coins prices for generic $20 Liberty and Saint-Gaudens issues have firmed along with bullion and supply appears to be a little tighter than just the action caused by bullion. In the Indian Head arena the half eagles are in good demand and rising in price in circulated grades. The Indian $10 eagles are firm and steady with the quarter eagles quiet but no apparent discounting. Several Mint State issues have advanced in various grades with no noticeable declines.
In non-gold type coins the market is very firm with the usual early issues in heaviest demand. Draped Bust half dimes have gained in VG-8 through VF-30. These are perhaps the most difficult of all early type coins to find in problem-free grades when circulated. Over the years I have handled a few hundred and I estimate that less than 10 percent were blemish-free. The only series that might be as difficult are the pre-1815 copper issues. Trade dollars have been active in EF-40 to AU-55 and have gained along with MS-60 to MS-63 Barber halves.
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