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NumisMedia Weekly Market Report
Market for Rarities Hot, Common Issues Not
March 23, 2015
True rarities are in strong demand, but that cannot be said for rest of the coin market; bargain-hunting is the current trend. We are monitoring many declines in the post-1900 series, more than we have seen in several years. The majority of the Teletype common date sales are listed at discounts of previous Market levels. With waning confidence in the metals, it puts more pressure on dealers to reduce prices on some of their excess inventory in order to increase sales. This week's Whitman Baltimore Expo should establish some market direction for the next few weeks as we get ready to head into the summer months.
Stack's Bowers Galleries will host the official auction at the Whitman Expo and there should be plenty of rarities to attract some spirited bidding. One of the many highlights from the Rarities Night will come from the Morgan Dollar series. The 1884 S in Mint State is a tough coin to find, but in MS63 and higher it is nearly impossible to acquire these days as potential sellers always want premium prices. This coin is certified by PCGS as MS63+ and it has the CAC approval as well. There are only four coins certified by PCGS with the + designation in this grade with only 31 coins grading higher. The 1884 S in MS63 is currently listed at $44,500 Market. Below are some of the other potential highlights from this upcoming sale.
1884 S Morgan Dollar MS63+ PCGS CAC is available in the Stack's Bowers Galleries Auction at the Whitman Expo in Baltimore, Maryland, March 26-29, 2015
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Date/Denomination |
Grade | Current
Market |
| 1799 Large Cent | PCGS VF30 CAC | $22,500 |
| 1856 Flying Eagle Cent | NGC PR65 | $24,000 |
| 1864 Indian Cent L on Ribbon | PCGS PR65 RB | $112,500 |
| 1909 S VDB Lincoln Cent | PCGS MS66 Red CAC | $10,850 |
| 1860 Three Cent Silver | PCGS PR67+ CAC | N/A |
| 1795 Flowing Hair Half Dime | PCGS MS65 CAC | $36,500 |
| 1875 CC Twenty Cent | PCGS MS66 | $37,500 |
| 1846 Seated Half Dollar | NGC PR63 | N/A |
| 1802 Bust Dollar | NGC MS64 CAC | $101,500 |
| 1807 $5 Gold Cap Bust Right | NGC MS64 | $47,500 |
| 1929 $5 Gold Indian | PCGS MS64 | $56,500 |
| 1885 CC $20 Gold | PCGS MS62 | $43,500 |
| 1891 CC $20 Gold | PCGS MS61 | $42,500 |
This week's LD Wholesale Market Dealer Price Guide may show an extraordinary number of declines, however there are still some increases showing confidence in Copper and Seated coins. The 1805 Half Cent with Small 5 and no stems is higher in MS64 Brown at $3,750 Market and the 1793 Vine & Bars Large Cent is up to $5,150 in Fine12.
There are several advances for Flying Eagle Cents in higher grades; the 1858 Large Letters is up to $28,500 and $45,000 Market in PR66 & 67, respectively, while the 1858 LL in MS66 is now at $9,500.
1856 Flying Eagle Cent Repunched 5 High Leaves AU58 PCGS CAC sold for $14,100 at the Stack's Bowers Galleries February 2015 Americana Sale in New York
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1857 Flying Eagle Cent MS65 PCGS CAC sold for $10,575 at the Stack's Bowers Galleries February 2015 Americana Sale in New York
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1858 Flying Eagle Cent Large Letters Low Leaves MS65 PCGS sold for $3,290 at the Stack's Bowers Galleries February 2015 Americana Sale in New York
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1858 Flying Eagle Cent Small Letters Low Leaves MS64+ PCGS CAC sold for $2,820 at the Stack's Bowers Galleries February 2015 Americana Sale in New York
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With the exception of Seated Half Dimes, Seated coins appear to be in decent demand although most buyers are looking for slightly better dates or coins that have exceptional eye appeal. A couple of this week's highlights include the 1874 S Seated Quarter with Arrows in MS66, now at $4,950 Market, and the 1875 CC in MS66 which has increased to $36,500.
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