Premiums Jump Again
By Harry Miller
$1,150 for the first time in history. Both
silver and platinum have outperformed gold,
playing a little catch-up. There has been a
positive influence on them because of news about
fake gold bars of plated tungsten floating
around the world. If you follow my friend Pat
Hellerís articles you would know this to be old
news. Nevertheless, it is circulating widely and
having an effect.
Might health care reform be pushing gold higher?
The world looks at it and sees another trillion
new greenbacks over the next 10 years.
Most premiums on U.S. type gold coins remain
strong and are even escalating. Last time I
mentioned proof gold Eagles approaching the
$2,000 area retail. They did just that at
Baltimore with wholesale transactions at over
Morgan dollars are still a mixed bag with
several high fliers showing weakness, but there
is definite renewed interest with a few notable
jumps, such as 1889-O and 1892-O, both jumping
1K in MS-65. Generic MS-65 coins are showing
renewed demand and it seems several
telemarketers canít get enough of the early
S-mint issues in lower MS grades.
Proof and mint sets are active but with only
seven price changes. All are positive for the
first time in a long time.
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