ANA CONFIRMS CONTINUITY OF RARE COIN MARKET
Monday, August 10, 1998
According to the majority of dealers attending the recently completed Portland ANA, the rare coin market continues to be more than satisfactory. There was a time, previous to this past year, where dealers tried to "buy their way out" of many coin shows. This meant that they could not sell enough of their inventory at the show to warrant attending that particular show, so they would try to buy more coins than usual to take back to their customers and entice them with their many new purchases. In the last year, most active dealers have enjoyed so much success that they have needed to buy many more coins for want lists and have not been as concerned about selling as many coins at shows. In other words, their want lists have been so extensive that they have come to shows looking for specific coins for their customers, while not worrying about selling anything unless it was old inventory. Many dealers will not even show their new purchases to other dealers because they would rather sell them to any number of their collector customers. To say the market is very active would be quite an understatement.
The ANA Committee put on another spectacular convention. At one point on Friday, they announced that over 6,000 people had already registered to peruse (view & purchase coins) the bourse room. While I was venturing around the very large room, I noticed many transactions between dealers and collectors. As usual, they were looking for quality coins that would fit nicely into their collections. Most dealers were at the very least "satisfied" with retail business. In speaking with a few collectors, they were mostly inspired to add new coins to their collections because they feel that prices are steadily improving. Some collectors were using profits from the stock market, "before they lose them".
There are numerous shows throughout the country, all year long, which are quite capable of promoting their shows. However, with the name and reputation of the ANA, it is difficult to out-promote them. The 107th anniversary convention was well attended, well run, and well organized. The meetings, seminars, and exhibits were nothing short of remarkable. Further, their choice of auction companies did the whole show justice. Heritage Numismatic Auctions, Inc. put on an event that could not have been any better. When the final gavel hit the podium, prices realized were well over $12 million. For a complete list of prices realized, please contact Heritage in Dallas. In the meantime, some of the highlights are listed below:
DENOMINATION
| GRADE
| PRICE
REALIZED
|
1836 Half Cent
| PCGS PR64 R&B
| $7,762
|
1793 Chain America Cent
| NGC65 Brown
| $184,000
|
1793 Wreath Cent Vine & Bars
| NGC66 Brown
| $134,500
|
1858 Flying Eagle Cent SL
| PCGS PR64
| $10,350
|
1873 Indian Cent Double Liberty
| PCGS64 R&B
| $21,275
|
1914 D Lincoln Cent
| PCGS65 Red
| $7,590
|
1916 S Lincoln Cent
| NGC66 Red
| $3,450
|
1955/55 Lincoln Cent
| PCGS64 Red
| $5,175
|
1858 Three Cent Silver
| NGC PR65
| $5,750
|
1870 Three Cent Nickel
| NGC67
| $2,990
|
1879 Three Cent Nickel
| PCGS67
| $3,105
|
1883 Three Cent Nickel
| NGC66
| $5,405
|
1884 Three Cent Nickel
| NGC65
| $5,175
|
1885 Three Cent Nickel
| PCGS67
| $5,750
|
1888 Three Cent Nickel
| PCGS68
| $7,245
|
1866 Shield Nickel W/Rays
| PCGS PR66
| $5,290
|
1918 D Buffalo Nickel
| PCGS65
| $3,910
|
1926 S Buffalo Nickel
| PCGS63
| $6,037
|
1937 D Buffalo Nickel 3-Legged
| PCGS64
| $4,887
|
1838 O Half Dime No Stars
| NGC63
| $6,325
|
1852 O Half Dime
| NGC66
| $9,200
|
1796 Draped Bust Dime
| NGC66
| $48,300
|
1886 S Seated Dime
| PCGS67
| $7,475
|
1894 O Barber Dime
| NGC65
| $9,200
|
1925 S Mercury Dime
| PCGS66
| $2,875
|
1818 Bust Quarter
| PCGS64
| $8,625
|
1876 Seated Quarter
| PCGS67
| $6,612
|
1894 S Barber Quarter
| PCGS67
| $6,325
|
1911 Barber Quarter
| PCGS PR68
| $10,062
|
1916 Standing Liberty Quarter
| PCGS65 FH
| $17,250
|
1805/4 Bust Half
| NGC65
| $101,500
|
1814 Bust Half
| NGC67
| $23,000
|
1864 Seated Half
| PCGS66
| $14,375
|
1879 CC Morgan Dollar
| PCGS65
| $15,525
|
1884 S Morgan Dollar
| PCGS63
| $18,400
|
1889 CC Morgan Dollar
| PCGS64 DMPL
| $63,000
|
1897 O Morgan Dollar
| PCGS65
| $37,950
|
1901 Morgan Dollar
| PCGS63
| $13,800
|
1895 Morgan Dollar
| NGC PR67
| $42,550
|
1905 L/C Gold Commem
| PCGS66
| $16,100
|
1854 TII $1 Gold
| NGC64
| $34,500
|
1854 TII $1 Gold
| NGC65
| $67,400
|
1796 No Stars Quarter Eagle
| PCGS AU58
| $141,100
|
1865 Quarter Eagle
| NGC PR66 Cameo
| $32,200
|
1897 Quarter Eagle
| NGC68
| $17,825
|
1898 Quarter Eagle
| PCGS PR67
| $28,175
|
1854 D Three Dollar Gold
| NGC AU50
| $37,950
|
1856 Three Dollar Gold
| PCGS65
| $20,700
|
1857 Three Dollar Gold
| NGC65
| $28,750
|
1807 Bust Half Eagle
| PCGS64
| $48,875
|
1833 Half Eagle Sm. Date
| NGC65
| $118,000
|
1858 C Half Eagle
| NGC62
| $16,100
|
1903 Half Eagle
| NGC PR66
| $65,750
|
1908 S Five Dollar Indian
| PCGS66
| $27,600
|
1801 Ten Dollar Gold
| PCGS63
| $24,150
|
1861 Ten Dollar Gold
| PCGS PR64
| $41,400
|
1896 Ten Dollar Gold
| PCGS PR65
| $46,575
|
1913 S Ten Dollar Indian
| PCGS64
| $33,350
|
1871 S Twenty Dollar Gold
| NGC64
| $32,200
|
1876 S Twenty Dollar Gold
| PCGS64
| $41,400
|
1885 Twenty Dollar Gold
| NGC PR66 Cameo
| $101,500
|
1924 S St. Gaudens Gold
| PCGS65
| $33,350
|
These are just some of the hundreds of highlights from this fantastic sale. We will post some of the results in two weeks after the ANA Sale.
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