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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

April 23, 2012

Platinum Night Highlights Central States

     The highlight of the Central States Convention was definitely the Heritage Auction, more specifically, Platinum Night. Numerous rarities crossed the auction block not the least of which was the 1792 Silver Center One Cent. This is recognized as the first coin struck inside the Philadelphia Mint. This coin is certified by PCGS as MS61 Brown and brought $1,150,000. It was purchased for a group headed by Kevin Lipton, a well-known long-time coin dealer.

Other highlights include:
1893 S Morgan Dollar NGC MS62 - $115,000
1831 $2 ˝ Gold NGC PR64 Cameo - $117,875
1836 $2 ˝ Gold PCGS PR64 Cameo - $195,500
1885 $20 Gold NGC PR67 Cameo - $241,500
1899 $20 Gold NGC PR67 Ultra Cameo - $207,000
1921 $20 Saint PCGS MS63 - $178,250
1915 S $50 Pan Pac Oct. NGC MS65 - $109,250

     A look at this week's HD Wholesale Market Dealer Price Guide shows how close the spreads between grades have gotten on many of the more common U.S. Gold coins. Generic $5 Gold Liberties trade at $385 in Fine and $420 in AU55. This is only a $35 difference for wholesale traders. The $10 Gold Liberties have the same difference of $35 from $790 in Fine to $825 in AU55. $20 Liberties have a difference of $40 between the same grades. It would seem like most collectors would want the higher grades for the small difference in prices. This may be especially so since the premiums have fallen so much in the last several months, creating the possibility of higher profits in the future when demand once again returns to normal.

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