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Bullion coins continue retreat

The big story this week is the continued retreat in the precious metals sector and its effect on bullion-related type gold coins. While gold is down about 1 percent, silver and platinum have eroded by 6 to 7 percent and all are near the bottom of the recent trading range. Trading in this area and lack of strong investment buyer demand has hammered many of the premiums on eagles and double eagles of the generic variety. So far there has been little to no effect on better date issues.

Circulated common date Morgan and Peace dollars remain firm at recent levels due to promotional demand and tight supplies. There has been some minor softening in lower grade S-mint Peace dollars starting with the 1924-S followed by the 1927-S and 1928-S with the 1934-S bringing up the rear. With the exception of 1928-S, only the VG to Fine show decreases, typical of the grades that set promoters buy for their mass marketing programs.

 While there has been little price change noted, both varieties of the 1879-CC Morgan are showing strong activity. Also the 1889-CC has advanced in MS-60 through MS-63 and was joined by the 1884-S. ably a good buy.

Proof sets and mint sets remain active and demand lead by the 2008 issues is healthy.

More Resources:

• Subscribe to our Coin Price Guide, buy Coin BooksCoin Folders and join the NumisMaster VIP Program

2010 U.S. Coin Digest, The Complete Guide to Current Market Values, 8th ed.

State Quarters Deluxe Folder By Warmans

Standard Guide to Small-Size U.S. Paper Money, 1928 to Date

Strike It Rich with Pocket Change, 2nd Edition

 

 

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