Precious metals are weaker. One cannot help, but wonder as we see our leaders hammer out a new financial package as to what the ultimate outcome will be....

From Numismaster

Precious metals are weaker. One cannot help, but wonder as we see our leaders hammer out a new financial package as to what the ultimate outcome will be. It seems to me it is like having a car with a flat front tire and switching it with a worn rear tire so you can steer. Soon you are just forced off the road. This will only lead to greater inflation as government needs to meet debt payments.

With all of this going on, hang on to your bullion-related and rare coins. The Morgan dollar market remains strong for circulated common-date coins and although driven by higher silver prices we have seen a contraction in the low-end Mint State and the highest circulated coins. They are currently an excellent buy for the silver minded as is the case for Peace dollars and common gold type coins.

MS-63, -64 and -65 generic Morgans are moving upward as are MS-60-64 Peace dollars. The 1922-S Peace dollar however dropped $1,000 in MS-65, a thinly traded item. Also of note are MS-66 Morgan dollars, which are now on the move after several quiet months.

The only good thing to say about proof sets is if they are silver they are up. All others are weak. The real debacle is the clad state quarter sets with some touching one-third issue price. Mint sets are stable to positive.

E-mail harrymkrause@optonline.net.

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