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Coin Market to Press
April 17, 2009

One of the tasks I perform on a monthly basis is to make sure that the updates for the Coin Market monthly price guide section in Numismatic News is updated and makes its way through production.

Deadline is this afternoon.

While I was inputting some values for the American Eagle gold, silver and platinum bullion coins, I had the impression that the prices of the silver American Eagles were getting a bit weaker, more so than the swing in the price of bullion would warrant.

Does this mean the Mint is catching up with demand? Could be.

The proof version of the gold American Eagle keeps leaping even as the price of gold itself is lower. The demand is coming from Individual Retirement Account buyers who want to put an authorized gold coin into their accounts.

Now that tax time has just passed, will the proof gold American Eagles retreat a bit?

Again, perhaps.

The other observation I would like to share is the stealth recovery in the price of platinum. It is back over $1,200 a troy ounce after having been significantly below $1,000.

You would think with car sales in the tank that demand for platinum would still be tanking with them, but perhaps it isn't. Perhaps buyers are looking beyond the present for a recovery.

For a Friday, the thought of an economic recovery is a happy one and something to look forward to - that and meeting the deadline.

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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