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Demand at
Shows Moves Up
By Harry Miller I have returned
from the Las Vegas and Baltimore shows and can
report that public attendance has risen at both.
Collectors were seeking items across the board
from half cents to dollars. Gold did seem a
little slow, but in the end sales were normal
there as well.
One dealer said that “the market is recovering.”
I didn’t know it had fallen. This is a rotating
market within the context of a very weak and
troublesome economy and quite frankly an amazing
market in that context. Probably a good
comparison to how some people view it is the
saying; “when your neighbor loses his job it’s a
recession and when you lose yours it’s a
depression.”
Gold is again trending down on dollar strength.
Silver is fighting that trend although down from
our last report and platinum is stubbornly doing
nothing. Proof gold and silver Eagles are up
with dealer bids on the silver issues reaching a
new high. Gold proofs have recovered about 40
percent of the major drop in premiums that hit
just after Christmas.
Morgan dollars are in demand for generic
circulated through slider quality for
promotional programs. The more difficult DMPL
issues continue to change hands at hefty levels
while the more common dates are somewhat
discounted. |