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NumisMedia Monthly
January 2018
A New Hope for 2018
This past year was not a good one for coin prices; comparable to and perhaps worse than 2014, many coin values dropped precipitously and both buyers and sellers have lowered their expectations. But a new hope comes with the new year as the annual FUN Show has dealers and collectors alike anticipating a more positive 2018.
Heritage Auctions is the exclusive auctioneer of the year's first major convention and they have prepared a sale that should attract thousands of potential buyers, and with prices having fallen so much in the last few years, perhaps some potential bargains as well. Many of the countless rarities in this Fun Sale have not been available for several years, an opportunity for collectors to add some difficult dates to their already established collections.
The nearly unique 1793 Liberty Cap Half Cent in PCGS MS65 Brown is available and should see some competitive bidding; it is catalogued as the second finest known behind a PCGS MS66. We currently have the FMV listed at $325,000, advancing nearly $120,000 in the last two years.
1793 Liberty Cap Half Cent PCGS MS65 Brown sold for $240,000 at the Heritage Auctions FUN Show U.S. Coins Signature Sale in Tampa, Florida, January 3-8, 2018
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One of the many CAC approved coins in this sale, the 1838 O Reeded Edge Half Dollar is certified by PCGS as a Branch Mint PR63. The current FMV is listed at $656,250. This is one of only nine coins that can be traced to collections today from an original mintage of only 20 pieces, and the highest grade certified is PR64. The 1838 O is one of the rarest and most important dates in this series and could be a center piece in any collection.
1838 O Reeded Edge Half Dollar 'Branch Mint' PR63 PCGS CAC sold for $444,000 at the Heritage Auctions FUN Show U.S. Coins Signature Sale in Tampa, Florida, January 3-8, 2018
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Another CAC approved coin, this one from the Walking Liberty Half Dollar series, the 1919 D in PCGS MS65 CAC has a current FMV of $156,000. There is one certified higher by PCGS at MS66 but this is the only one with the CAC sticker in MS65. This coin is totally original and comes from the Steven L. Duckor Collection. With so few coins available in this grade, the FMV has climbed almost $23,000 in the last two years.
1919 D Walking Liberty Half Dollar PCGS MS65 CAC sold for $240,000 at the Heritage Auctions FUN Show U.S. Coins Signature Sale in Tampa, Florida, January 3-8, 2018
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In the $20 Gold series, the 1870 CC in PCGS XF45 is available and is always a very popular coin when it comes up in a major auction. This is the first Carson City Twenty minted date and has the smallest mintage of only 3,789. While there is no price listed for the XF45, the current FMV is $287,500 for the XF40 and $387,500 for the AU50. Recently, a well-known collector sold a PCGS AU50 in a private sale at a price believed to be around $350,000 and was sold immediately to another collector. In the last four years the FMV for this date in XF40 has increased about $20,000.
The 1915 S Pan-Pac $50 Gold Octagonal in PCGS MS66+ is the finest certified at PCGS. The current FMV is $231,250, but since it is the only one with the + designation, it could easily top the $300,000 mark or higher. This grade had an FMV of only $125,000 back in early 2004.
The list below shows just a few more of the many outstanding coins in the Heritage FUN Sale. Many of these coins are rare with extremely low pops; some are the finest known for the date. Please contact Heritage Auctions for an extensive list. The results from this sale should give us an indication of where the market is headed as we venture into a new year. A lot will certainly depend on how many competitive bidders there are for each of these rarities.
Date/Denomination | Grade | Current FMV |
1793 Chain Cent AMERICA | PCGS MS63 BN CAC | $281,250 |
1943 Lincoln Cent Bronze | NGC MS61 BN | $300,000 |
1916 D Mercury Dime | PCGS MS67 FB | $137,500 |
1942/1 Mercury Dime | PCGS MS66 FB CAC | $83,130 |
1835 Bust Quarter | PCGS PR65 Cameo CAC | N/A |
1797 Draped Bust Half Dollar | PCGS VF30 CAC | $95,566 |
1918 D Walking Liberty Half | PCGS MS66 CAC | $63,050 |
1921 D Walking Liberty Half | PCGS MS66 CAC | $59,480 |
1921 S Walking Liberty Half | PCGS MS65+ CAC | $102,050 |
1795 Draped Bust Dollar | NGC SP62 | N/A |
1893 S Morgan Dollar | PCGS MS61 | $150,000 |
1796 $2.5 Gold No Stars | PCGS XF45 | $108,630 |
1879 $4 Gold Stella Flowing Hair | NGC PR66* Ultra Cameo | $315,630 |
1880 $4 Gold Stella Flowing Hair | NGC PR67 Cameo | N/A |
1795 $5 Gold Heraldic Eagle | PCGS MS62+ CAC | $162,500 |
1799 $10 Gold Heraldic Eagle | PCGS MS64 | $193,050 |
1856 O $20 Gold Liberty | NGC AU50 | $393,750 |
1861 O $20 Gold Liberty | PCGS MS60 | $162,500 |
1907 $20 Gold High Relief Flat Rim | PCGS MS67 CAC | $149,500 |
1930 S $20 Gold Saint Gaudens | PCGS MS65 | $218,750 |
1931 D $20 Gold Saint Gaudens | PCGS MS66 | $235,630 |
1915 S $50 Gold Pan-Pac Octagonal | NGC MS65 | $178,130 |
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As we go to press Gold has climbed above the $1,300 level. Gold began 2017 at $1,151, gaining about $150 on the year. Dealers are hopeful that higher metals will bode well for rare coins in 2018.
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