Fall Newsletter - Market News - September 17, 2014 ShareThis
 


Fall Newsletter
 
It has been a choppy summer for precious metal prices.

Gold has not been able to break above $1325 and hold. It has traded in a range from $1225-$1325. A break below $1175 would mark at least a short-term negative trend.

Silver has traded in a range been between 18-20 pretty much for the whole summer. Just like gold, a break below $18 would mark a short-term negative trend.

 
For now we recommend sitting tight if you do not need to sell, but for short term investors a break below key levels would be a signal to lighten up on long positions.

Numismatic Coins

Rare coins have been trading well through the summer and have seen only slightly downward pressure on prices for lower end material. Higher graded coins and rarer coins have seen prices stay steady.

For the silver dollar collector, scarcity, desirability and marketability are three major factors that drive the better-date market. If you are thinking of buying or selling rare coins, we can help you realize the most for your rarities. We are constantly looking for rare coins to satisfy our customers.


Regards,
Ty Fay
PMC Bullion and Rare Coins
 

PMC Bullion and Rare Coins | Call: 888-325-1925
email: pmcrarecoins@gmail.com

 
   

 
 Spring Newsletter - Market News - July 9, 2014 ShareThis
 


Spring Newsletter
 
Rare Coins (Numismatic)
 
The rare coin market continues to improve with demand outstripping supply, especially for higher end material. The general public has recently become more aware of the rare coin market with the recent find by a couple in Northern California of rare coins worth an estimated $10 million. Another huge hoard of over a million coins, known as the Stack's West 57 St. Collection has just made big news. It contains an estimated market value of $15-20 million and contains 10,000 VDB Cents.

Bullion:

Gold has been consolidating for the last 9-11 months between $1200-1300. Although it has yet to breakout to the upside of the consolidation zone we believe 2014 will be a strong year for gold. Short term trend remains bullish. Gold which reached a high over $1900 about three years seems to have found a solid foundation at current levels. 2014 has started out to be a strong year for gold and it looks like that is likely to continue.

Silver has also been in a consolidation for the last 9-11 months between $18-22 after reaching its highs about three years ago at $49. Silver, although attractive at current levels, we feel that the gold market will outperform silver for 2014. Central banks will continue to purchase gold and this should support the market more than silver.

Overall, sentiment has improved in the start of 2014 for both the rare coin market and bullion prices. With stock prices feeling toppy participants are looking for alternatives and turning again to the metals markets. Gold and silver are well off their highs and are starting to attract attention again. PMC Bullion and Rare Coins transacts business with clients daily and we have seen a trend of greater retail interest in silver. Most of the time because it can be purchased in smaller amounts than gold. Enough though many customers can afford larger purchases they still prefer pre-1964 coins, ASE's and other 1oz rounds. With our gold customers we are seeing interest across the board. From AGE's to pre-1933 vintage US Gold Type coins. For our numismatic customers we are currently recommending the pre-1933 graded Type Coins because many have very attractive premiums to their melt values, giving buyers upside if numismatic values rise. As spot gold prices have risen since 2000, numismatic premiums on the pre-1933 coinage did not keep up with that rise. In the last few years interest in scarce gold rare coins has strenghtened and so this has started to support the market. We feel now is a good risk reward situation in many pre-1933 graded coinage.

We hope you found this information useful.

Regards,
Ty Fay
PMC Bullion and Rare Coins
 

PMC Bullion and Rare Coins | Call: 888-325-1925
email: pmcrarecoins@gmail.com

 
   

 

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