Precious metals continue sliding. This does not bode well for the upcoming Florida United Numismatists show in Orlando in early January.
Gold is testing recent lows, down 3 percent from last week’s writing and silver is down over 5 percent while platinum is holding at around a 2 percent decline. There is a lot of apprehension in the air and yet nothing has gotten better in the worldwide financial system.
Morgan dollars have done well with several Redfield dates moving up in Mint State. Along with them the 1880 and 1885 Carson City issues have gained in MS-60. The 1892 Philly and New Orleans coins have also gained in MS-60. These two are very difficult to grade because of flat striking characteristics but are very desirable dates to own. Even more interesting is the 1881-O in MS-64, which has regained some lost ground. This one I could never figure out why it had dropped, because it is a really difficult coin to find nice. If you need the date, now is a good time to hunt. Two 1878 issues have also shown positive activity in MS-60. They are the 7/8 tail feather issue and the more common second reverse 7-tail-feathers design. The sleeper is the third reverse, or reverse of 1879, which is far scarcer and only listed at about 10 percent more in MS-60-62.
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Proof sets have done better over the holiday period with only two minor declines. Mint sets have not fared as well with a handful of minor declines.