any impact from rising gold/silver prices?

MoneyLA

As you talk to dealers, go to shows, attend auctions --- any talk or any impact on rare coin prices that can be linked to rising prices for gold and silver bullion?

if not now, then at what price levels do you expect to see rare coin prices being affected?

clearly, when silver was trading (for a brief moment) at $50 an ounce, common date half dollars were worth about $25 each and that was bullion-related.

cheers, alan mendelson (firmly believing that gold is in a new bull market and has been since it broke north of $308)

cladking

Much of the impact caused by rising precious metal prices is caused by the affect on collectors.
Collectors start having more wealth and will spend accordingly. They will buy whatever is needed
for their collections and to a lesser extent may increase their holding of metal as the price increases.
Perhaps more of the impact is due to rising dealer revenue as they buy and sell the metals and the
spreads increase. The dealers will generally buy coins which are in greatest demand and are act-
ally available in the marketplace.

Collectors will probably not significantly change their current behavior until silver reaches around
$8 and gold around $475. Dealers will see changes at about $400 gold and $8 silver. Of course,
this is already affecting bullion dealers.

michael

well it is certainly having a great psychological impact on bullino generic gold especially saints! besides ms64 saints being on many many lists for buying at over 500 dollars wholesale more!! if the coin is nice for the grade!!!! in a 64 ngc/pcgs holder!!

also it used to be a generic coin but i think that is changing now semi generic and in ten years or so no longer!!

just my opinion

and if gold goes to 400 or over 450 then others other than coin collectors will get on the bandwaron and should be a wild ride

but like everything else time will tell

but remember with the run up if it is sustained and long there will of course be a big drop also quick!!

so get ready to sell those gold coins and generic stuff

dont get greedy...............lol

but i guess after all is said and done time will tell!!!!!!!!!!!!!!!!

sincerely michael

clackamas

In higher grade coins, take morgans, there is maybe $4 in silver in the coin. even a coin trading at $30 in MS will not be swayed by even a 20% increase in silver. Now junk silver coins will appreciate more inline with the silver prices. I would expect to see a greater effect on Gold moving up on low grade to midgrade MS and lower Gold.