By Mark Ferguson
dealers probably have want lists for millions of
specific coins from hundreds of thousands of
But coins on want lists don't necessarily
coincide with major buying trends in the dealer
community that supply dealers with enough coins
for specific promotions and to maintain
inventories of coins that are routinely selling
Let's look at some of the current major buying
trends within the U.S. coin market.
As anticipated, demand for Lincoln cents is
increasing because of the 100-year anniversary
of the coin and the 200th anniversary of
President Abraham Lincoln's birth. Dealers are
seeking to buy individual Lincoln cents as well
as circulated rolls of early issues and
Uncirculated rolls of many of the later issues.
Promotions of various sets of Lincoln cents are
Rolls of other coins are being sought in large
quantities by dealers as well. For example, one
large mail-order firm is seeking rolls of
Jefferson 5-cent coins, Roosevelt dimes and
Walking Liberty half dollars, in addition to
what it normally purchases.
This firm is also searching for Proof American
Eagle silver bullion coins, beginning with the
first year of issue, 1986-S, to the later
issues. It would like to buy hundreds of pieces
and is offering nearly $35 per coin.
Another large firm is offering to purchase any
denomination of Proof American Eagle gold
bullion coin with boxes and papers for $1,375
per ounce. These are wholesale prices paid to
other dealers who often sell to them in
quantity, saving the additional work of having
to assemble additional small deals. A reasonable
profit margin would have to be added to the
prices of the coins for consumers.
One firm is seeking rolls of Brilliant
Uncirculated State quarter dollars. It is paying
more than two and three times face value for the
Tennessee, Georgia, Illinois and Connecticut
issues. Others are being purchased at just a few
dollars more than the $10 face value of the
Carson City Mint Morgan silver dollars are
frequent best sellers, but several dealers are
in the market to purchase individual issues and
grades of other silver dollars – in circulated
as well as Mint State grades.