Premium Backs Off
By Harry Miller
This week gold is
slightly under last week's level while silver
and platinum have gained some ground. Now I say
that even though the premiums on uncirculated
$20 Saint-Gaudens have come down nearly $100,
because viewed in the limelight of a stock
market that has rallied nearly 20 percent from
the low of a few weeks ago, that is still
Silver coins, dollars, and bars continue strong
with lots of trading activity maintaining
current premiums. Platinum is currently just
following along for the ride.
Silver dollars remain moderately active with a
few continued adjustments in some of the
previously overpromoted dates. The venerable
1893-S has backed off in VF and EF and the
1892-CC has adjusted across the grading
spectrum. The 1894 somewhat plentiful in XF and
AU (usually cleaned) has moderated while the
lower and higher grades remain firm. The 1902-S
seems to be in very strong demand in lower
grades, gaining over 10 percent in recent weeks.
There seems to be strong demand for the 1925-S
Peace dollar in MS-66 with rather frivolous
dealer bids on the date, which I have never
encountered above MS-65 and in fact may not
exist above that grade.
Proof and mint sets are quiet with a few minor
increases overshadowed by several 1990-S "no S"
sets coming on the market. A buying opportunity?
I bought one.
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