Type coins stay strong at year end
Precious metals have been somewhat tame as they await the outcome of yet another eurozone summit. I still like silver best, but who knows?
The type coin market continues to surprise many with its resilience. Seasoned collectors and professionals realize how scarce and rare many issues are. There have been a few negative adjustments in some early copper, but everything I see at shows is usually priced well above market indexes, or has something unattractive about it. Even those with minor quality issues on the earliest coins will bring full price.
Understanding the investment phenomenon's influence on the coin market.
A few silver issues in MS-65 such as arrows half dimes and dimes have become available at slightly lower levels, but others are still trending higher. This is especially true if PQ, or of a less often encountered date.
Gold and silver Eagles, especially in proof have perked up in the past two weeks. This is no doubt influenced by the Mint sellout of the proofs.
U.S. gold type coins remain available at low premiums in both circulated and Mint State grades. There have been numerous changes since our last report and while many remain steady there are more changes than not. There is a good deal of positive activity in lower grade $1 gold in all three types. This is no doubt indicative of some promotional activity. The same more than likely applies to Indian head quarter eagles, which have always been popular.
E-mail harrymkrause@optonline.net.
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