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NumisMedia Weekly Market Report
Gold Up $50, Climbs Over $1,200 Again
December 1, 2014
The last major coin show of the year takes place this week as the 58th Houston Money Show runs from December 4-6. Rising metals could go a long way toward helping this show be successful. After plunging below the $1,160 mark over the weekend, Gold has rebounded dramatically to $1,215. That is up almost $50 for the day. Silver is higher at $16.45. One ounce Proof Gold Eagles are currently trading at $1,415 in the OGP. Proof Silver Eagles are right at $49 each. Silver bags of 90% are back over $13,000 and VG Silver Dollars are steady at $23,625.
In conjunction with the Houston Money Show, Heritage Auctions will feature a Signature Sale with many fine rarities. One of the potential highlights is the rare 1870 CC $20 Gold in PCGS AU50. This coin has a current Market of $325,000 and is one of eight certified in AU50 by PCGS and NGC. There are only five coins grading higher with AU58 being the best; it is unknown in Mint State. Another highlight is the 1852 $50 Assay Office, 900 THOUS; this is certified by PCGS as MS64 and has the CAC sticker. It is also tied for the finest known. Below is a list of other potential highlights of this upcoming sale.
1870 CC $20 Gold AU50 PCGS is available at the Houston Money Show Heritage Auctions U.S. Coins Signature Sale December 4-7, 2014
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Date/Denomination | Grade | Current Market |
1916 D Mercury Dime | PCGS MS66 FB CAC | $47,750 |
1926 D Standing Liberty Quarter | PCGS MS67 FH | $88,500 |
1889 CC Morgan Dollar | NGC MS64 | $87,500 |
1857 O $5 Gold | PCGS MS63 | $43,500 |
1915 S $5 Gold Indian | NGC MS64 | $39,500 |
1912 S $10 Gold Indian | NGC MS65 | $36,500 |
1915 $10 Gold Indian | PCGS PR66 | $57,750 |
1859 O $20 Gold | PCGS AU50 | $41,500 |
1908 $20 Gold Saint Gaudens w/Motto | NGC PR65 | $62,500 |
1921 $20 Gold Saint Gaudens | NGC MS62 | $122,500 |
1929 $20 Gold Saint Gaudens | NGC MS64+ CAC | $42,500 |
This week's Moderns Wholesale Market Dealer Price Guide contains an assortment of declines as most buyers of this material have reduced their spending for the year end. Dealers are gearing their activities toward holiday sales and typically limit what they purchase on the teletypes during the month of December. Most of the activity is bullion related along with jewelry. While we find numerous declines in Proof Lincoln Cents, the early dates are still trading around current Market prices. In fact, there are several increases for the dates from 1909 to 1915 with the latter in PR66 RB now at a higher $3,525 Market.
We have been monitoring intense declines in the Washington Quarter series where numerous MS66 & 67 coins have fallen. There have been multiple coins of several dates selling at discounts as dealers are making an effort to move unwanted inventory. It seems like the coins that had been attracting the highest sales were coins that exhibited pure white surfaces with no distractions for the grade. 1935 D in MS66 & 67 declined to $675 and $2,300, respectively. The 1936 D in MS66 also fell this week to $1,450 Market.
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NumisMedia Weekly Dealer Price Guides
Weekly and Online Wholesale Prices
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The Classic HD has grades from Fine through MS68 in every U.S. series in the higher denominations: Halves, Dollars, Gold, and Commemoratives.
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NumisMedia Weekly Extra
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