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NumisMedia Weekly

Current News and Analysis
of the United States
Rare Coin Market

Heritage Long Beach Sale Realizes $13.4 Million

September 8, 2014

     The metals have continued to fall and confidence in bullion related products has stagnated the precious metals market. The new Kennedy Proof Gold coin has not been as active as expected in the secondary market. This has caused sellers to discount coins in order to move inventory. The most recent offers to sell Proof 70 coins have been as low as $1,325 wholesale. In morning trading, Gold is $1,252.80 and Silver is $18.96. Proof Gold Eagles are trading at $1,470 per ounce and Proof Silver Eagles are $49.50.

     The Long Beach Expo appeared to be busy with solid attendance throughout even if the lower metals reduced potential sales. Most dealers worked the floor with modest success but locating fresh material at reasonable levels was difficult.

     The Heritage Auctions Signature Sale brought $13.4 million, which contained nearly 800 CAC stickered coins and almost 300 with the + designation. Premium coins continue to bring premium prices, especially for known rarities with low populations. The 1792 Silver Center Cent in NGC MS61+ Brown was the highlight of the sale at $705,000. There are only three coins known that grade higher of this variety.

1915 S $50 Panama-Pacific Octagonal MS64 NGC CAC

1915 S $50 Panama-Pacific Octagonal MS64 NGC CAC sold for $102,813 in Heritage Auctions U.S. Coins Signature Auction in Long Beach, September 4-6, 2014

     The list below shows some of the other highlights from this sale. Please contact Heritage Auctions for a complete list of prices realized.

Date/DenominationGradePrice Realized
1796 Bust DimeNGC MS63$30,550
1796 Bust QuarterPCGS MS65$411,250
1833 Bust HalfNGC MS67$38,188
1880 Trade DollarNGC PR68 Ultra Cameo$42,594
1827 $2 ½ GoldPCGS MS63$58,750
1860 $3 GoldNGC PR67 Cameo$88,125
1871 $5 GoldPCGS PR65 Cameo CAC$70,500
1907 $10 Indian Gold Wire RimPCGS MS66 CAC$129,250
1930 S $10 Indian GoldPCGS MS65 CAC$85,188
1854 S $20 GoldNGC MS62$44,063
1907 $20 Saint Gaudens HR Wire RimNGC PR68*$282,000
1930 S $20 Saint GaudensPCGS MS65$164,500
1931 D $20 Saint GaudensPCGS MS65$129,250
1915 S $50 Pan-Pac RoundPCGS MS65$176,250
1915 S $50 Pan-Pac OctNGC MS64 CAC$102,813

     In this week’s update of the NumisMedia 500, the 1889 $5 Gold in AU53 leads the way, advancing by 28.38%, now at $475 Market. Another date rising significantly, the 1803 Half Dime Large 8 in MS65 is now at $57,500, up 27.78%. This date has only ten coins certified in all Mint State grades with MS65 being the highest certified by PCGS. Nine of the top twenty coins are U.S. Gold with eight of them dated prior to 1900.

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