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Type coins lead show want list items

 

The Central States Numismatic Society convention was a successful one. The Renaissance Hotel & Convention Center is very nice and will lend well to future events as long as reasonable airport transit can be arranged. There was good attendance with many collectors looking for difficult-to-find items including early U.S. type, scarce Seated coinage, Indian cents and Buffalo nickels. Barber coinage was also in strong demand for those middle grades with full Liberty and nice BU common date issues.

Bullion markets were lackluster during and after the show with U.S. gold type mirroring that same sentiment. The longer U.S. type gold remains at low premiums, the greater will be the rise when the market reawakens to the desirability of nice coins versus plain old bullion issues.

This morning precious metals are active and trending positive with some rather interesting shows of strength. Gold after looking like it might test the $1,600 barrier is now nicely over $1,650 and while down from last time silver is firming as well.

Platinum is about as cheap versus gold as it has ever been with gold 1.07 times platinum. The silver-gold ratio is up there close to 54 to 1. Silver looks very cheap and while some analysts predict low $20s or even mid-teens, there is a new development in the wind. China has just approved silver futures trading in Shanghai; contracts will be 15 kilograms. This will allow small investors to take part in the market.

Email: harrymkrause@optonline.net

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Strike It Rich with Pocket Change, 2nd Edition

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