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NumisMedia Weekly Market Report


Current News and Analysis of the

United States Rare Coin Market




January 9, 2012

FUN Begins 2012 with Cautious Optimism


     Nearly every major coin company in the country had a representative at the FUN Convention this past week. There were about 700 tables in all and most dealers felt the show was fairly good considering that metals had been falling at the end of 2011. Several dealers thought the public attendance was better than expected although it does seem they were very conservative with their purchases. Many dealers who cater strictly to the public reported good retail sales by volume and dealer-to-dealer trading was active most of the show.

     The always successful Heritage Galleries Auction was as expected. With a highlight video of many of the finest known coins in numismatics, Heritage showed once again why it is a major force in the industry. One of the great rarities, especially for Copper collectors, is the 1793 with Periods Chain Cent. The one in this sale is best known as the Eliasberg Specimen and it grades MS65 Brown by PCGS. It realized $1,380,000. Another superb lot was the 1776 Continental Dollar, Pewter in MS67 by NGC sold for $546,250. An extremely rare 1828/7 $5 Gold in NGC MS64 brought $632,500.

     Dealers and collectors were very eager to see the results of the Dr. and Mrs. Steven L. Duckor Collection of $20 Saint Gaudens. The fastidious nature of their collecting habits has created some of the greatest collections auctioned in the last ten years. Here is a short list of prices realized from many of the highlights of this fantastic Heritage Sale.

1907 $20 Saint High Relief, Wire Rim MS67 PCGS - $138,000
1920 S $20 Saint, MS66 PCGS - $575,000
1921 $20 Saint, MS66 PCGS - $747,500
1927 S $20 Saint MS67 PCGS - $276,000
1930 S $20 Saint, MS66 PCGS - $230,000

     Overall, the show had a positive feel and was a solid start for 2012. Combining wholesale and retail sales with the results of the Heritage Auction, dealers are confident that this will indeed be a good year.







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NumisMedia Weekly Archive
Current News and Analysis of the U.S.
Rare Coin Market