CDN This Week's Market

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THIS WEEK'S MARKET

CENTS THRU HALVES: Once again, Lincolns are elected to receive some serious action from buyers as a host of early Coppers take 10% and better jumps. Leading the flurry are several San Francisco players winning the race. The 1935S Unc rolls top $1,700, and the popular 1936S pulls a solid $750. State Quarters are still courting action as several buyers are raising the Bidding bar.

MERCURY DIMES: As buyers prominently brandish their supporting offers, behind the scenes action confirms that multiple players are chasing pleasing, problem-free keys in all grades. Mounds of the frosty Mint State Full Banded commoners are also wanted.

WALKING LIBERTY HALVES: The short-set remains especially toasty with buyers as the autumn chill sets in. Multiple dealers are vying for most in Choice and better as the scarcer 1942S tops a $480 Bid in MS65.as the sometimes forgotten 1920 mintmarked duo as well as flashy, well-struck representatives from the short-set.

DOLLARS: While Gem and better generics are easing back a tad, Morgan mania continues to track down the elite members of this crew. The proud and rare 1892S is a prominent target, racing higher in Choice and Very Choice, the latter packing a powerful $10K advance. The equally tough to corral 1895O, which is usually besieged with an abundance of bag marks and saddled with dull luster, has a scant PCGS/NGC community of 33 residing in MS63. Perhaps the tantalizing $45K offer will spring a few from hiding. DMPLs, as always, grace several columns with sold escalation. Peace Dollars are also standing firm as the semi-key 1923S steps up to $6,850 in Gem.

PROOF SETS AND MINT SETS: The good news is that strength and the buyers� bias embrace the coveted 1936-1952 Proof Sets with a little flourish set aside for two of the 2007 installments. The bad news is that the weakest links, primarily those post 1970 entries, are flocking south. Mint Sets deliver a similar but not so bad aftertaste as the 1971 and �72 Sets inch higher.

COMMEMORATIVES: While previous positive action is greeted with supporting Bids, several issues are lower this week by as much as 10%. The 11-piece Classic Gold combine is sputtering as a handful including the 1905 Lewis & Clark and both Grants roll back.

TYPE: While Type features a few easing back this fall, demand still rages for prime early pickings that are becoming quite slim. For sure, any denomination that features a Bust is not going bust. Liberty Seated Quarters sans Drapery are inching up in MS63. Barber Quarters, always a popular choice, move up a rung as Gem Proofs capture $2K.

GOLD: Spot attempts to find a solid trading range, but one thing remains constant: the high premiums being paid for Gold coins hasn�t wavered. While it is becoming a greater challenge for dealers to keep a supply of problem-free Circulated Gold coins in inventory, the security and numismatic factor inherent in Gold is further separating itself from what had been considered merely a bullion related commodity. As the yellow metal bounces higher, $20 Libs and Saints are benefactors of an increase across-the-board in VF20-MS64. Action doesn�t stop there as several other denominations are also feeling the heat.

Reprinted from Issue No. 45 November 7, 2008 of the Coin Dealer Newsletter - the Greysheet
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