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NumisMedia Weekly Market Report
Current News and Analysis of the
United States Rare Coin Market
A Few Bright Spots in a Dim Market
April 16, 2018
A year ago, Gold was at $1,289 an ounce, and today, it is at $1,350.50 in morning trading. Silver has not fared as well over the past year, down from $18.55 to the current $16.75. Back in April of last year, premiums were beginning to slip on Proof Gold and Silver Eagles in the original holders. One ounce Proof Gold Eagles carried a premium of $150 over the Gold value, while this year they are just $40-$45 above melt. Proof Silver Eagles were trading at $44 and today they are around $38. With metals now beginning to see a little more traction, some dealers might consider placing more time and money into this market, especially since these products are so easily traded and have such tight spreads.
Despite the market fragility in common date U.S. Gold, with prices following the whims of bullion, some denominations are showing strength for very specific dates. This week’s chart for $5 Gold Indians displays a number of better dates with increases. The 1908 $5 Indian in PR65 is higher at $37,500 Market and the 1909 in PR64 is up to $18,750. Also rising is the 1911 D in MS62, now at $17,650; this adjustment closes some of the large gap with the MS63 at $36,750. When spreads between grades appear to be excessive, dealers and collectors look for the more reasonably priced lower grade, predicting a future price increase. The extremely rare date 1929 in MS64 advanced to $47,500; while there are 180 coins certified in this grade, there are only 30 coins in higher grades with MS65 being the highest....
1929 $5 Indian MS64+ PCGS CAC sold for $60,000 at the Heritage Auctions Dallas U.S. Coins Signature Auction in Dallas, Texas, March 29-31, 2018
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Go to the Weekly Market Report Archive
NumisMedia Monthly
Our monthly article detailing specific areas
of numismatics for dealers, collectors, and
investors of United States Rare Coins
April 2018
CAC Rarities STILL Realizing Higher Premiums
Since CAC was founded a little over ten years ago, auctions have increasingly been featuring CAC coins.
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Premium quality coins have been a major driving force in the rare coin market for quite some time now. But what makes a coin PQ? Dealers and collectors use many standards and conditions to determining the quality of a coin. Most focus on strike, but when a coin is known for being weakly struck, for example some dates of the New Orleans Mint Morgan Dollars, 1893 O for one, then eye appeal becomes the primary factor.
Eye appeal can take on various forms, including the strike, bag marks, color or toning, as well as the grade. Overall demand will define the perceived value, however, finite grading has evolved with the + designation and the CAC label, and eye appeal of coins within the same date and grade have become, in a sense, guaranteed....
Go to the Monthly Archive
Slide Show
D. Brent Pogue Collection Part I-V
Hosted by Stack’s Bowers Galleries and Sotheby’s
There have been hundreds of great auctions over the last 100 years, but none have been more significant in establishing new values for high-end rarities than the D. Brent Pogue Collection sales, realizing a total of over $106 million. With so many highlights, it would be impossible to show them all.
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1808 Capped Bust $2 1/2 Gold Quarter Eagle PCGS MS65 sold for $2,350,000 in the D. Brent Pogue Collection Part I hosted by Stack’s Bowers Galleries and Sotheby’s in New York, May 19, 2015
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