NumisMedia

NumisMedia Article Archives

Informative and educational articles from some of the hobby's leading numismatists

NUMISMEDIA IS SPONSORED BY
NumisMedia Online Dealer Subscription
NumisMedia Price Guides

Back to the NumisMedia Home Page



NumisMedia Weekly

Current News and Analysis
of the United States
Rare Coin Market


Bust and Seated Coins Driving the Market

December 2, 2013

     One of the last major shows of the year is this week in Houston, the Money Show of the Southwest. Dealers from all over the country will take advantage of this opportunity to stock up for the FUN Show. Heritage Galleries will host a major auction that is highlighted with the always popular $4 Stella. This one is an 1879 Flowing Hair $4 Gold certified by PCGS as PR65 Deep Cameo. Over 20% of the coins have either the + designation or CAC label. Some of the potential highlights follow with the current Market price.

1879 Flowing Hair $4 Gold PCGS PR65 Deep Cameo

1879 Flowing Hair $4 Gold PCGS PR65 Deep Cameo


Date/DenominationGradeCurrent Market
1793 Wreath Cent V&BPCGS AU53$23,000
1864 L Indian CentNGC PR64 RB$79,380
1920 D Mercury DimePCGS MS67+ FB CAC$29,000
1842 O Seated Quarter SDPCGS AU58$14,250
1839 O Bust HalfNGC MS65$32,500
1798 Bust Dollar 15 StarsNGC MS60$69,500
1895 Morgan DollarPCGS PR65 Cameo$61,500
1883 $3 GoldPCGS PR64+ DCam CAC$19,500
1803 $10 GoldNGC MS62$42,000
1869 S $20 GoldNGC MS62$20,000

     Even though the metals continue to falter as the week begins, we are reporting thousands of increases for rare coins. Demand for Bust and Seated coins is quite strong as you will see in this week’s HD Wholesale Market Dealer Price Guide. Many of the bidders in the recent Heritage Galleries Eric P. Newman Sale were unsuccessful as prices went well above presale estimates. Several dealers reported that they were outbid for millions of dollars of rarities. This strong demand makes the outlook for rare coins very bright for 2014.

     In this week’s charts, Bust and Seated Halves are leading the market advances with some dramatic increases. From 1794 through 1839 O the MS63 to MS65 columns are covered with increases. The 1801 Bust Half is now up to $130,000 Market in MS63 and $240,000 in MS64. The latest round of advances shows how strong demand is for original rarities and consumption is much greater than availability. Even with the latest coins from the Newman Collection entering the market, many of them will be put away for a very long time.

     The Bust Dollar chart is also showing numerous increases with many dates higher in various Mint State grades. The 1796 is up to $280,000 in MS64 and the 1797 10x6 Stars is at $275,000 in the same grade. The 1801 jumped in MS64 and MS65 to $107,500 and $270,000, respectively.









Go to the Weekly Market Report Archive









Search NumisMedia

Keyword search all of our past and present numismatic articles

Custom Search





Specials for NumisMedia Price Guides


Brought to you by

E-mail questions & comments to info@numismedia.com
Copyright © 2017 Numismatic Interactive Network, LLC
All Rights Reserved. Terms of Use - About Us - Help Center





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