Type Coins Blast Ahead Despite Bullion Drop|
March 20, 2013
This article was originally printed in Numismatic News.
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Precious metals are down about 1 percent since my last report with platinum dancing with gold to see which will stay on the positive side of that ratio.
Gold type coins remain active with most Indian Head issues bucking the metal’s price trend. One dollar issues of the 1st and 3rd type have declined in MS-62 and above.
The non-gold type coin market is incredible.
While many a professional numismatist would expect softer bullion to lead to a softer overall coin market, we are seeing the opposite. I kind of gloat over Classic Head cents in Mint State as most are up over $5,000 in the last month. Not too long ago I wrote, “they could double and still not be overpriced.” They have. Aside from early copper there are many positive developments in type coins. Two-cent pieces in MS-60 have broken the $100 mark and Barber half dollars have hit the $1,000 mark in MS-63. Those first time barriers are not the big story however; large-size Capped Bust coinage is up in VF-20 to Mint State and the small-size are being drawn up as well. All Barber issues are up in at least one Mint State grade. All type of Bust dollars are up in G-4 to F-12 and will be quickly followed by their half counterparts.
AU-50 and Mint State Seated Liberty quarters and halves are up in most varieties. Early Mint State Walkers are also increasing. Three-cent silver issues and Shield nickels are up in MS-60 and AU-50. Proof Indian cents and three-cent silver issues are up as well.
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