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Silver dollars make move higher

I am probably wrong, but it does seem like the precious metals sector wants and needs a major correction. In the past I have mentioned how tricky these markets can become. The metals will very often fake you out by appearing very strong one day and then falling out of bed the next morning. Yesterday was a perfect example: a new all-time high of $1,923.70 and at 4 a.m. today $1,804. You go to sleep kicking yourself for not buying more and wake up pondering why you did not sell into the higher market and believing Bernanke’s economist friends. This makes it awfully hard to recognize a buying opportunity.

2012 U.S. Coin Digest: Dollars

Pulled directly from 2012 U.S. Coin Digest, the most complete and detailed color guide to U.S. coins!

Activity has increased in better date Peace dollars in the higher Mint State grades. Several issues that have been quiet for months are showing definite positive action. Check out 1921, 1922-D, 1923-D, 1926-S, 1927-D, 1934, 1934-S and 1935-S in the weekly charts.

Morgan dollars are faring well with steady demand for circulated generic issues through MS-65. Nice white coins sell quickly as do nicely toned issues often at rather hefty premiums.

The market for proof and mint sets is still dominated by silver sets because of the bullion value, but there is some increased activity in many other issues. The future will hold some interesting anomalies due to the break-up of silver sets. Many of the cents, nickels and dollars will appear to be more common than mintages indicate while the dimes through halves will be much scarcer.

Email harrymkrause@optonline.net.

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