Skip to main content

U.S. Mint Asks Dealers for Coin Forecasts

By Richard Giedroyc

Silver rather than gold is where the action is! Gold bullion and readily available business strike gold coins prior to 1933 are holding their own following a significant price run-up to an all-time record for gold. It now appears silver is doing more than just catching up.

The spot price of silver has a long way to go to reach an all-time record of about $50 an ounce, but silver American Eagles and bullion-impacted common silver coins issued through 1964 are rising quickly in price as is the spot price of their content. This, in turn, raises the question of how far this bullion impacted coin market may go.

The precious metals rally so heavily impacting so many intrinsic value coins is being driven by declining U.S. government bond returns, which suggest interest rates will remain low. Adding fuel to the numismatic fire, the mint is now asking dealers to provide their 10-day and 90-day forecasts for demand in order to plan production priorities.

It has been learned the recent mint release of backdated bullion coins to dealers included First Spouse gold, but which spouses is not clear. Once more information becomes available it can be determined if some of these are the scarcer coins, which would likely impact their values.

Left trailing in the dust is the scarce to rare coin market sector. Scarce to rare coins have been recently experiencing very strong prices, however, these coins are still for the most part remaining within predictable trading ranges rather than setting new price records. Nonetheless, these coins remain popular with collectors.

 

The post U.S. Mint Asks Dealers for Coin Forecasts appeared first on Numismatic News.

Comments

Post a Comment

Popular posts from this blog

Royal Mint Partners with NGC to Offer Certified UK Coins

The Royal Mint, the official mint of the United Kingdom, has partnered with Numismatic Guaranty Corporation (NGC), the world's largest third-party coin grading service. For the first time, The Royal... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Post a Comment
Read more

Gold goes digital: Dillon Gage introduces DGGold future of direct physical gold ownership, now available to investors

Addison, Texas (August 15, 2018) —  Dillon Gage Metals , one of the world’s largest precious metals wholesale firms and technology innovators in the industry, recently launched its first Digital Metals product: DGGold. This product is the first of its kind to be offered to the retail public through Dillon Gage’s growing precious metals dealer network. It is eligible for purchase on their proprietary online trading platform, FizTrade. DGGold, which utilizes VaultChain Gold powered by Tradewind, delivers an unprecedented method of direct gold ownership to the investment community, expanding on Dillon Gage’s already impressive lineup of product and service offerings. “I am excited to introduce Dillon Gage Metals’ newest product to the individual investor and individual retirement account investment community,” said Mark Furmanek, chief operating officer at Dillon Gage Metals. “DGGold brings an investment product, previously dominated by large institutions and bullion banks...
Post a Comment
Read more

Heritage Readies Long Beach Paper Money Auction

By Tracy Schmidt  There are many spectacular notes in Heritage’s upcoming Long Beach auction. The top five I will be keeping an eye on are notes of exceptional quality. I look forward to sharing the auction results with you next month. The first note is Lot 20637, a $10,000 1934 Federal Reserve Note PMG-graded Unc. 66 EPQ. According to Heritage, the note is one of just three $10,000s certified by PMG at this level for all series and districts. Having perfect centering, ideal colors, and excellent eye appeal, it should be a great performer. The note is projected to exceed its estimate of $200,000-$300,000. At the time of writing, the note has 13 bids and registered phone bidders; the lot tracking activity stands at 94, and there have been 3,010 page views. Lot 20637 is this $10,000 1934 Federal Reserve Note with signatures of Julien and Morgenthau. (Image courtesy of Heritage Auctions) The second note I am tracking is Lot 20635, a $5,000 1934 Federal Reserve Note graded Very C...
Post a Comment
Read more