Market Report

October

The precious metals markets have moved violently this past month. Silver moved from over $40 to under $30. After this drop, markets look like they are moving back up at the moment. Demand has remained strong for the metals throughout the decline as investors are taking the opportunity to buy while prices are low. Most price movement appears to be explained by commodities traders with huge short sales on the exchange. This is very much disconnected with the strong buying mood of those buying physical gold and silver.

Rare coins are moving quickly and our website is constantly being updated with new inventory that has been acquired from major coin shows. Philadelphia was a good show and we're looking forward to the new Fall ANA show in Pittsburgh this month. We're always on the lookout for quality coins to offer to you. The new inventory from the Philadelphia show has already been added to website and you should be able to see new purchases from the ANA show appearing on the website the week of the 17th.