Dollar stronger against gold
Well, the dollar is stronger and gold is weak. Has the world situation gotten any better? No, it has actually deteriorated a little more!
Well, the dollar is stronger and gold is weak. Has the world situation gotten any better? No, it has actually deteriorated a little more! The difference is that the current focus has shifted away from the greenback and onto the euro. Gold has made new historic highs in terms of the euro.
How is this affecting our favorite U.S. gold coins? Most gold type coins are relatively quiet and firming up a little. Proof gold and silver eagles are in demand with silver still the current favorite.
Morgan and Peace dollars are mixed. More difficult dates are easily saleable if the quality is nice for the grade and rather difficult if they are not. Higher grade common dates continue to move at current levels and there is continued strong promotional demand for common date issues in the lower grades. There is strong current demand for ultra high grade 1928 Philadelphia coins.
Proof and mint sets are very much status quo with the most active being the 2008 issues.
The rest of the market is a little quiet for this time of year and signaling some softness. It is not that prices are very weak; it is more that sales have slowed down.
E-mail harrymkrause@optonline.net.
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