By Harry Miller, Numismatic News January 19, 2010

Gold coins are showing weakness across the board and may be signaling a quieter bullion market ahead, or more than likely they have just run their course for now. After all, we did see gains of roughly 50 percent on many issues in 2009, so some profit taking is in order. A rumor says that several marketing houses gave buyback guarantees on common date numismatic U.S. gold and some coins are coming back to them, so they are leveling up positions or staying on the sidelines while these deals settle. I think they call it “cash flow.” Regardless of the reason, double eagles were down about 5 percent with somewhat reluctant buyers at the FUN show.

Proof gold American Eagles are quiet with premiums off 10-15 percent from their highs and the bullion counterpart is available near normal premiums. Silver Eagles are still in tight supply and demand is strong.

There is some movement in the proof set market with several of the Premier silver sets moving up in value. These have long been ignored because of their awkward size, but are fairly scarce. The 1970 mint set has moved along with the 1965 SMS set. The 2008 proof and mint set are up nearly 10 percent and must have woken up the 2001 silver set as well.



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• 2010 U.S. Coin Digest, The Complete Guide to Current Market Values, 8th ed.

• State Quarters Deluxe Folder By Warmans

• Standard Guide to Small-Size U.S. Paper Money, 1928 to Date

• Strike It Rich with Pocket Change, 2nd Edition