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Coin Dealer Newsletter (the "Greysheet") editorial,
12 May 1995
Copyright 1995 by CDN Publications
Posted to the Net by permission of CDN Publications
The Spring Rally is now into its fifth week, and Bid levels are continuing to rise across a broad spectrum of CDN charts and grades. While overall demand is certainly helped by the continuing need for U.S. Gold to fill orders, specific demand is also being seen in the classic collector series. Plus signs out-number declines more than four-to-one, and many of the advances represent serious increases. It does seem that some sort of psychological corner has been turned, with pent-up collector demand suddenly translating into increasing purchasing; there seems to be a greater need to buy quickly now that prices are starting to rise. Aren't supply-demand markets fun? Oh well, what can you expect from a world where the stock market rises substantially on the news that business activity is down and unemployment is up.
These same strengths are seen in the CDN Monthly Supplement and CDN Quarterly issues that accompany this Greysheet. The charts for Indian & Saint gold are overwhelmingly positive, and even the stable Proof issues are showing some increased demand. The solid collector coins are rising under the increased demand. From Flying Eagle Cents through Franklin Halves, the 'good news' of plus signs is visible. All three Barber denominations are strong, Buffaloes continue strong in Mint State, and even the silver Circ rolls are rising with the tide. Among the CDN Quarterly charts, Liberty Seated Halves are strong in Mint State and Proof grades, as are the higher-grade Trade Dollars. Advances in the Gold Dollar charts are found across all grades. A mixed performance by the Liberty Quarter Eagles has scattered declines in the lower grades and early years, and advances in the higher-quality late-dates.
This week's Page 3 chart covers the 1934-D Oregon Trail Commemorative. While we have seen other charts that inspired the same point, collectors who were 'satisfied' with MS60-MS63 coins have had their pleasure along with a pretty stable investment. Investors in MS65s, however, had to content themselves with the pride of ownership of a fabulous coin; to be fair, however, high returns were available to sellers for the asking, for a period of more than five years.
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