Week
of May 1st, 2006
Summer is coming up on us fast and the Central States
show is already over, a show of which not too much
material was seen from what I’ve heard dealers
tell me. Usually from here through summer time it
always seemed to slow down and I’ll tell you
this year that is not the feeling at all! It seems
we can’t keep up with demand for beautiful and
rare coins, there are more buyers than ever now, and
that is a good thing.
Saints
kept marching out the door last week having sold over
$40,000 worth of these beautiful large double eagles.
With gold now at (as I’m writing) $658.80 I
see double eagle sales soaring to new heights never
seen before and having the grade and rarity factor
makes the prices even more valuable.
Another
cool coin we sold last week was the famous 1909-S
VDB Lincoln in MS65RD, a coin that is not rare
but extremely famous and for that reason alone the
price will always command premiums. Coins like this
always seem to be fan favorites among collectors of
all sorts, coins such as the 1907 High Relief Saint,
1916-D Mercury Dime, and so on….. With these
coins we can be assured that the enthusiasm of the
coin hobby will always exist, these seem to be the
coins people first learn about and then graduate to
wanting to learn about real rarities. I think that
is great and we are blessed to have “famous”
coins out there that aren’t so rare to grab
people’s attention and them reading and learning
that is the only way people will eventually learn
of true classic rarities. That is why I think the
State Quarter program is an excellent idea, it is
educating the youth and brining to light once again
this age old hobby, it is a program that is shining
a positive light on this sometimes called “shady”
business. My children are putting together the State
Quarter map and I love it!
Here is a great link for anyone just getting into
the hobby...
The
United States Mint - Collectors Corner
To
show more stats for activity now I’ll tell you
last week in retail sales we sold just over $100,000
which is fabulous seeing as it was during a major
show week. So keep watch on our new
inventory coming in all week and stay tuned for
next weeks “market insight”.
Cheers,
Dean Albanese
dean@coinace.com
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