Have You Ever Wondered What Coin Dealers Are Buying? Now’s Your Opportunity!

Silver Eagles

The coin and bullion industry is a fluid market that is subject to change on a moment’s notice.  Typically, coin dealers are a bit ahead of the trend, and activity in the coin dealer wholesale market is oftentimes a good way to keep tabs on what is currently in demand and what may be the next hot product.  We thought that it would be helpful to share with our readers some of the trends that we’re currently seeing among our coin dealer networks so that you can stay ahead of the curve and hopefully purchase coins and bullion before premiums rise due to increased demand.

American Silver Eagles

Not surprisingly, American silver eagles continue to be one of the investment options of choice for many individuals who are interested in purchasing silver bullion.  2013 was a record year for the production of silver eagles, at roughly 43 million ounces.  Even though silver eagle sales haven’t been quite as stellar in July, we’re still on a record pace thus far in 2014 with sales of 25 million coins.  To meet demand, coin dealers are regularly in search of monster boxes of American silver eagles, which contain 25 tubes of 20 coins a piece, or 500 total coins.  In particular, sealed boxes tend to be in the highest demand, which means that many investors are interested in purchasing silver bullion in bulk.  We suspect that demand for silver eagles will continue to be strong while the price of silver remains depressed; currently at $21 an ounce.

1964 Kennedy Half Dollars

Historically 1964 Kennedy half dollars, the last year half dollars were produced with 90% silver content, have been the least desirable 90% silver half dollar coin.  Typically premiums have been higher on Franklin half dollars, and especially Walking Liberty half dollars.  However, 2014 is the 50th anniversary of the coin, which is somewhat significant; creating a buzz around these coins.  Furthermore, in recognition of the 50th anniversary, the U.S. Mint is producing commemorative Kennedy half dollars, which are set to be released next month.  The first commemorative Kennedy half dollar will be released on August 5th at the ANA Money Show and will be the first ¾ troy ounce gold coin produced by the U.S. Mint.  In light of the upcoming release of the Kennedy commemorative half dollars, we anticipate that demand will remain strong for these coins through the end of the year.

Fractional American Gold Eagles

Even though overall demand for American gold eagles is off roughly 50% year over year, demand continues to remain strong in the coin dealer wholesale market for fractional gold eagles in ½ oz, ¼ oz and 1/10 oz denominations.  While 1/10 oz gold eagles have been popular for quite some time, we’re a bit surprised to see the current demand for ¼ ounce gold eagles, which is the highest in recent memory.  It’s difficult to know if smaller investors are entering the market and driving up the price of fractional gold eagles, or if this is just the latest trend in an ever changing market, but without question, these are some of the hottest products in the market today.

Silver Proof Sets

While modern silver proof sets (those minted from 1992 through current) are garnering little interest, coin dealers have been targeting silver proof sets minted in 1964 and earlier for quite some time.  Even though demand and pricing has fallen off a bit since late last year/early this year, there is still quite a bit of demand for these sets.  As mentioned above, 1964 Kennedy half dollars are a hot commodity at the moment, which has translated into higher demand for 1964 silver proof sets.  Demand appears to be highest for 1960 – 1964 silver proof sets, as offer prices for 1959 and earlier sets are at a lower percentage of bid.

Summary

In summary, we’ve highlighted four coins and sets that appear to be in high demand by coin dealers at the moment.  American silver eagles have been a hot commodity for quite some time, so it’s not necessarily surprising to see these coins top the list; however, some of the other coins and sets highlighted above may be a bit surprising.  As always, demand and prices are subject to change, so we recommend that you check our blog frequently for the most recent trends in the coin and bullion industry.

Tony Davis
Tony Davis