Silver Dollars Move Up as Stocks Shine|
March 12, 2013
This article was originally printed in Numismatic News.
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The big financial news this week is the new all-time high for the Dow Jones Industrial Average and yet precious metals have done little in terms of price. They are nearly unchanged since my last report. Silver has edged up slightly in relation to gold and platinum has lost some ground in relation to gold.
Considering the strength of the stock market this is pretty good action on the part of the precious metals sector. I do expect this to continue for a while yet as financial news is dominated by the stock market’s performance.
The silver dollar market continues to remain very active with increases again in several of the Carson City issues. Mint State 1878-CC dollars remain in demand with circulated 1879-CC issues leading that issue. In 1885-CC they are up right through MS-65 DMPL.
There has been a good deal of interest in Deep Mirror Proof-like issues over the last few weeks as shown by the more than 30 price increases in that area of the market.
The 1897-S has jumped to a new high in MS-65 and the 1890-S has gained in MS-63 and MS-64. The latter being one date that I think is underpriced.
Peace dollars are really hot when it comes to the less common dates. All three 1927 issues have increased several times over the last six weeks in Mint State as well as circulated grades. The key 1934-S issue has edged up in lower Mint State grades and is being actively sought at most shows in nice AU to MS-63.
Proof sets and mint sets are stable with strong demand for several sets of the last two years. Email: firstname.lastname@example.org.
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