CURRENCIES LEAD THE COMMODITIES MARKETS
Precious metals had their best performance in weeks over the past five trading days, with gold moving 2.75% higher and silver moving 3.33% higher for the week ended December 4th. As of this writing the yellow metal sits above the $1,080 mark and silver at $14.50. Meanwhile the U.S. dollar got smashed versus the Euro, with the European currency making its biggest weekly move in over seven months. The market also received the November jobs report, which came in at 211,000 jobs added, leaving the official unemployment rate at 5%. This seemingly leaves the door wide open for the Federal Reserve Open Market Committee to raise the benchmark short-term interest rate for the first time in seven years.
HOUSTON SHOW WRAPS UP LAST MAJOR AUCTION EVENT OF THE YEAR
The final major auction event of the year has concluded, with the Heritage sale held in conjunction with the Houston Money Show. Top lot honors went to the PCGS/CAC MS64 1915-S Indian head half eagle, which crossed the block at $94,000. This is a respectable result,
pretty much in line with this coin’s last appearance at auction, which was in the Heritage 2012 FUN Platinum Night session where it brought $97,750. Indian head gold coins took the first five spots of top lots, and six of the top seven. All told the sale raked in over $7 million. The dealer community now looks forward to a bit of time off for the holidays before converging on Florida for the FUN Show in early January.
MAJOR BLUESHEET IMPROVEMENTS COMING NEXT WEEK
As announced in last week’s issue, we will debut complete pricing data for all 144 coins that comprise the Classic Silver Commemorative set in next week’s issue. We are hard at work to complete this task and are excited to publish it.
We have also made the decision to price certified GSA Morgan dollars in grades MS63 through MS66. Previously this information was published once a month in the Bluesheet as a supplemental feature, but will now appear weekly on a reconfigured Page 4, along with the Proof-Like dollars. After receiving much feedback from readers we feel this is an important market segment to cover. We will continue to price GSA dollars ungraded with box and papers. With these changes, all forms of Morgan and Peace silver dollars that we cover will be laid out on two adjacent, easy-to-read pages.