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NumisMedia Weekly Market Report
Gardner Collection: Over $33 Million and Counting
November 3, 2014
In the aftermath of last week's major downturn in the metals, many Gold and Silver buyers are becoming alarmed about the near term direction. Some feel the metals are searching for new lower base prices and the so-called improved economy may help push prices even lower. Many of us are still having a difficult time recognizing the improvement. Gold is currently trading at $1,167 and Silver is $16.15. One ounce Proof Gold Eagles are wholesaling at $1,352; that is down $78 in one week. Proof Silver Eagles have dropped to $47.
Last week's Heritage Auctions sale in New York City, Part II of the Eugene H. Gardner Collection resulted in nearly $14 million in prices realized. Combined with the previous sale, Part I of the Gardner Collection, which took place back in June of this year, this collection has now realized over $33 million. There are two more planned sales for this collection to be scheduled in 2015. Below are some of the many highlights from the latest sale of this tremendous collection.
1927 S Full Head Standing Liberty Quarter MS65 PCGS CAC sold for $176,250 in Heritage Auctions Eugene H. Gardner Collection Sale Part II in New York City, October 27, 2014
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| Heritage Auctions |
Date/Denomination |
Grade | Price
Realized |
| 1796 Half Cent w/Pole | NGC MS61 | $129,250 |
| 1801 Half Dime | NGC MS67 | $164,500 |
| 1871 CC Seated Dime | NGC MS65 | $270,250 |
| 1874 CC Seated Dime w/Arrows | PCGS MS63 | $152,750 |
| 1804 Bust Quarter | NGC MS63 | $152,750 |
| 1823/2 Bust Quarter | NGC MS61 CAC | $188,000 |
| 1839 Seated Quarter No Drapery | NGC PR65 | $270,250 |
| 1842 Seated Quarter Small Date | PCGS PR65 | $282,000 |
| 1927 S Standing Liberty Quarter | PCGS MS65 FH CAC | $176,250 |
| 1796 Draped Bust Half 15 Stars | NGC MS62 | $282,000 |
| 1853 Seated Half Arrows & Rays | NGC PR65 | $117,500 |
| 1870 CC Seated Half | PCGS MS62 | $129,250 |
| 1870 CC Seated Dollar | NGC MS64 | $117,500 |
Stack's Bowers Galleries hosted the official auction at the Baltimore Whitman Expo this past week and there were numerous rarities to note, especially from the 1853 Collection. The following list includes a variety of these highlights.
1853 Liberty Seated Dollar Restrike PR66 PCGS CAC sold for $105,750 in Stack's Bowers Galleries Winter Baltimore Auction, October 30, 2014
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| Stack's Bowers Galleries |
Date/Denomination |
Grade | Price
Realized |
| 1853 Seated Quarter Arrows & Rays | PCGS PR64 CAC | $64,625 |
| 1853 O Seated Half No Arrows | PCGS G6 CAC | $246,750 |
| 1853 Seated Half Arrows & Rays | PCGS PR64 CAC | $94,000 |
| 1853 Seated Dollar | PCGS MS66 CAC | $129,250 |
| 1853 Seated Dollar Restrike | PCGS PR66 CAC | $105,750 |
| 1853 $5 Gold | PCGS MS65 CAC | $38,188 |
| 1853 D $5 Gold | PCGS MS64+ CAC | $70,500 |
| 1848 $10 Gold | PCGS MS64 CAC | $64,625 |
| 1885 $20 Gold | PCGS MS62 | $82,250 |
With Gold down about $60 since the last printed HD Price Guide, it is no wonder that the majority of the adjustments this week in the Gold charts are to the downside. Common date $20 Liberty Gold is lower in grades Good all the way up to MS63 where the current Market price is $1,560. Common date Saints are down in all grades from Good through MS66, which is at $2,150 Market. However, there are plenty of better to rare dates still in demand and many show advances. For example, the 1862 S $20 Gold is higher in MS61 at $15,750 and the 1863 in AU55 is up to $14,500.
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