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Gold rises and Morgans sought

Gold has clearly risen above that magical $900 level on all sorts of better economic news. Silver hit an impressive $14.10 and platinum is approaching $1,200 on strong oil prices. Demand for and therefore premiums for precious metals have firmed in the last several days while delivery time seems to be constant among most wholesale suppliers. In Cincinnati at the Central States show we had a large group of world gold coins from an old collection and were able to sell them at about 8 percent over our anticipated realization. Strong markets are a pleasure to deal in.

Speaking of strong markets the 1804 dollar brought a respectable $2.3 million to an Internet bidder who is well known in the trade. More importantly numerous items, including the 1876-CC 20 cents, showed strength across the board.

Morgan dollars remain strong on all the low-end issues. There is strong demand for many common date BU issues because of a new promotional buy list requiring several hundred each of about 20 different dates. The better date issues are mixed. Weakness shows in some of the previously overpromoted dates. Peace dollars have shown some weakness in the MS-64 range for a handful of scarcer dates.

Proof and mint sets are quietly firm with some noticeable strength in several later date silver sets beginning with the 1976 set.

E-mail harrymkrause@optonline.net.

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