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NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

August 20, 2012

Carson City Coins Continue to Attract Buyers

     Reviewing the results from the latest Philadelphia events, one thing is for sure; big ticket coins are in demand. However, while many of these rarities have jumped in value, not all of the sales have led to higher Market prices. Some high value coins have seen a slight downturn in prices because of the lack of depth of demand for specific coins. On a positive note, the majority of declines are minimal. Most serious buyers realize that quality rare coins, if discounted, will sell quickly.

     In this week’s LD Wholesale Market Dealer Price Guide you will find numerous increases for Half and Large Cents. Some of these coins are not available very often and the collector base for them is quite strong. The 1796 With Pole Half Cent in VF20 is up to $45,000 Market. High grade Red coins are always difficult to locate, especially with no spots. The 1828 13 Stars Half Cent in MS64 Red is now at $2,500 and the MS63 is $1,550. The 1795 Plain Edge Large Cent moved to a higher $12,000 Market in MS62, while the 1821 PR63 Brown advanced to $24,500.

     As we noted the last couple of weeks Carson City coins have attracted lots of attention; thus, Seated Dimes and Quarters reveal many adjustments. The sale of the 1873 CC No Arrows Dime caused the Market price to advance to $1,500,000 in MS65. The 1873 CC with Arrows in MS65 rose to $210,000, while the 1872 CC in MS63 is now at $110,000. Several Seated Quarters also moved higher, most notably the 1873 CC No Arrows in MS64 increased to $375,000. The 1871 CC in MS65 climbed to $250,000 and the 1870 CC in AU58 soared to $88,500.

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