Gold coin premiums begin to go higher
This article was originally printed in the latest issue of Numismatic News.
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Gold is up 1.5 percent, silver 3.5 percent and platinum a paltry 1 percent. Platinum continues to react to oil pricing, which has been weaker on European economic woes from banking problems in Ireland and pending labor strikes in Portugal protesting the austerity needed to dig out of their debt mess. Gold is the safe haven and has reacted to the Korean military situation and news of miners unrest. Silver is awakening as the poor man’s gold and is perceived cheap at $25-$30 as compared to gold at $1,400 an ounce.
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Type gold coins have become more interesting and premiums are somewhat on the increase. Smaller gold type, especially of the Native American type, is in continuing strong demand from several sectors.
Indian Head issues are favorites of telemarketers, who unfortunately use the fact that they are difficult to grade by the novice as an opportunity to fleece would be investors. They are also popular with promotional houses both here and in Europe. The Europeans are fascinated by the old Wild West theme and the Indian Head gold fits the bill.
There continues to be active demand in Mint State Seated type especially the later less pricey issues and 20-cent pieces. Standing Liberty quarters are also on a very positive note in all Mint State grades. In the key date arena 1921 and 1921-D dimes are very strong in MS-60 to MS-63 as well as the mid to higher circulated grades. The 1955 DDO cents are weaker in AU-50 to MS-63 by 5-10 percent. It is probably a good time to shop and fill that hole in your set.
E-mail harrymkrause@optonline.net.
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