Minnesota Residents Beware
Your state statute 2013 80G which became effective July
1st 2014 is prohibitively cumbersome.
Therefore we will no longer accept any retail orders from
Minnesota residents for any items containing gold , silver,
platinum or palladium.
We are sorry but the costs of complying with this regulation
far outweigh any benefits.
May 2014 Sampler (#284) Available
Our May 2014 Sampler (#284) is now available and
on our website for viewing.
To be notified when our next Sampler or Catalog is
available, use our Sampler sign up form (see left sidebar).
2014 Presidential Dollars
Warren G. Harding 2014 Presidential dollars are now available. Single coins are $1.95 and rolls (25) $39.95. Presidential Dollars can be reached by clicking "US COINS" and then "PRESIDENTIAL DOLLARS."
2014 National Parks Quarters
Great Smoky Mountains Nat'l Park (Tennessee), the first of the 2014 P&D National Parks Quarters is now available. National Parks Quarters can be found by clicking on "US COINS" followed by clicking on "NATIONAL PARKS QUARTERS".
August Coin Market Commentary
The recent Baltimore show was very successful with what
seemed like better than normal attendance for a summer
event, Saturday attendance by the general public was
particularly brisk and their wants were across the
numismatic spectrum. The summer FUN Show is in progress as I
write this and initial reports are good. The FUN Show should
get an obvious boost from precious metals which are trading
at their highest levels of the year. There is plenty of
geopolitical tension and financial news supporting these
safe haven investments.
A recent report in the Wall Street Journal indicated that
Asia’s Central Banks now have $7.47 trillion in foreign
currency reserves. That is a mind boggling number. Imagine
if they put 1% into gold reserves. That would be 1,731
tonnes or 55,663,189 ounces or imagine if it were in silver
at a ratio of 63:1.
The coin market is quite healthy with super rarities leading
the way north. Silver dollars of all types are in good
demand. Barber half dollars have just reached new higher
levels in F12 after gaining nicely in VF20 and all lower
mint state grades earlier this year. Early copper issues
remain strong with pre 1800 issues increasing dramatically
in recent weeks and especially in higher grades. Flying
Eagle and Indian cents are firm with noticeable increases in
higher grade issues from 1857 to 1872. Lincoln cents are
somewhat quiet while working off some of the excess gains
from the 100th anniversary promotions. Two cent and Three
cent issues are steady with many willing to pay strongly for
the illusive scarce dates that are attractive for the grade.
Liberty Nickels are firm with some continued price gains and
Buffalo nickels remain steady but with strong demand for
nice mint state issues. Barber coinage in general is firm
and scarce dates are very popular. Washington Quarters seem
to have some renewed interest after being overly promoted on
the back of the Statehood Quarter program. Mercury Dimes and
Walking Liberty Half Dollars remain very popular as well.
Early dates in both series are in especially strong demand
above VF20. The 1921 issues of both series are continually
asked for at shows and are on most dealers and collectors
wantlists. The only coin that is weak in either series is
the 1938-D Walker in G4 to VF30 as these were over-promoted
several years ago, although prices have come down to more
reasonable level and are nearing equilibrium.
Silver, Gold and Platinum Eagles continue to gain in
popularity as they easily collected and available in high
grades. Although mintages are generally ample their
popularity has created several illusive sleepers with each
series. The fractional gold issues contain the most obvious
USA Gold issues are showing some increased premiums on
generic issues and because of recent market stability
buy/sell spreads have narrowed.
Weekly Coin Market Commentary
Well precious metals are under pressure this week. Overnight
gold tested the $1294 support level and thus far has held
and is down less than ˝% from last time. Platinum is down a
full percent but silver is holding up a nickel so far. Near
term I am not optimistic about the prices. When you think
about the troubles in Gaza and the Ukraine you really have
to wonder why. Very recent statistics from China show a 10
to 20% decline in various forms of demand for precious
metals, mostly from investors. Now we all know that most of
this is rarely accurately verifiable but it is an indication
and some will say it is a government ploy to talk down the
prices for further central bank accumulation. I think it is
a combination of both and only time will tell. China is now
the world’s largest consumer of precious metals and the
largest producer of gold.
It is a little less than two weeks before the Annual ANA
World’s Fair of Money and while business is steady the
wholesale markets (bids/asks) seem unusually quiet. In the
past I have noted increased bids for DMPL Morgan Dollars,
Early type coins and key type gold and silver issues. This
year they are steady but there is no apparent extra hype?
Perhaps the market is more concerned about geo-political
issues that normal.
AU Peace Dollars are being sought by the bag (1000) by one
serious buyer and the 1934-S dollar has ready buyers in any
grade above AU55. A few MS66-67 issues are also showing
increases. In the Morgan issues the 1883-S is leading about
half a dozen others higher, while the 1880 and 1881 Carson
City issues drift a little lower.
Proof and mint sets are in the summer doldrums with a dozen
of more common issues drifting lower also.
read more of Harry's commentary click here to visit
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