Seated dollars fit for rainy day?
There was a great deal of new gold and silver buying on account of the debt situation in the European Union, led by Greece. There is likely to be a seesaw for quite a while, because those living on fiat currency continually refuse to go into detoxification.
There was a great deal of new gold and silver buying on account of the debt situation in the European Union, led by Greece. There is likely to be a seesaw for quite a while, because those living on fiat currency continually refuse to go into detoxification. Is it any wonder why coins and metals are desirable? Platinum did drop, though on lower oil.
There has been some increased activity in proof gold Eagles with an accompanying 10 percent increase in prices. The silver alternative remains constant at recent levels. Business-strike silver and gold Eagles are readily available at still somewhat elevated premiums, but not the previous unreasonable premiums.
Gold type coins are again showing some signs of improvement, but I understand that there are still large supplies in some of the major vaults.
Seated dollars have risen in the lower grades after rising in EF-40 to AU about a year ago. The good to very good examples are often on promotional buy lists on a periodic basis. This siphoning of 50 to a few hundred coins once or twice a year not only creates a pricing floor but creates upward pressure. They are a definite good deal to hold for a rainy day in fine or very fine when prices are being squeezed from the bottom up.
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