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NumisMedia Weekly Market Report

Heritage Hosts $46 Million Sale at Central States

April 27, 2015

       A successful Central States Numismatic Society Convention provided Heritage Auctions an opportunity to showcase one of their top auctions of the year. Their featured Platinum Night contained rarity after rarity and the prices realized bore strong evidence that the market for great rarities is substantial if not spectacular.

       The sale realized over $46 million, and while there were numerous highlights, the coin that stood out the most was the 1880 $4 Gold Coiled Hair Stella in NGC PR67 with the CAC sticker. It is the highest certified for this rare date with only 10 coins originally minted and it brought a whopping $1,821,250.

       The 1879 $4 Gold Coiled Hair Stella also has a mintage of just 10 coins, although at least 12 coins have been traced. The coin was certified by PCGS as PR65 and has the CAC sticker of approval. This date shows five coins grading higher with the highest being PR67. With so few Coiled Hair examples available, competition for these coins is simply incredible. This PR65 realized $881,250.

1879 $4 Gold Coiled Hair Stella PCGS PR65 CAC

1879 $4 Gold Coiled Hair Stella PCGS PR65 CAC sold for $881,250 in the Heritage Auctions 76th Annual Central States Numismatic Society Convention U.S. Coins Signature Auction in Schaumburg, Illinois, April 22-26, 2015

       Below we have listed several more examples of rarities that drew widespread interest in this Heritage Auction.


Date/Denomination

Grade
Price
Realized
1793 Chain Cent AMERICAPCGS AU53 CAC$111,625
1793 Liberty Cap CentPCGS VF35$111,625
1796 Draped Bust QuarterNGC MS64$141,000
1794 Flowing Hair HalfNGC VF25$705,000
1797 Draped Bust HalfPCGS MS64 CAC$493,500
1802 Bust DollarPCGS PR64 Restrike$329,000
1849 C $1 Gold Open WreathNGC MS63 P/L$493,500
1857 $3 GoldPCGS PR65$141,000
1880 $4 Gold Flowing HairPCGS PR66$517,000
1801 $10 GoldPCGS MS65$258,500
1933 $10 Gold IndianPCGS MS65 CAC$822,500
1856 O $20 GoldPCGS AU55$387,750
1861 S $20 Gold PaquetPCGS AU55$129,250
1870 CC $20 GoldNGC AU50$270,250
1915 S Pan-Pac $50 Gold OctagonalPCGS MS65 CAC$205,625

1797 Draped Bust Half PCGS MS64 CAC

1797 Draped Bust Half PCGS MS64 CAC sold for $493,500 in the Heritage Auctions 76th Annual Central States Numismatic Society Convention U.S. Coins Signature Auction in Schaumburg, Illinois, April 22-26, 2015

       The metals have had a fairly tight range over the last three weeks so the charts in this week's Moderns Price Guide reveal very minor changes. This is especially the case for Eagles, Modern Commemoratives, and Buffalo Gold. The majority of adjustments are to the downside but generally just a few dollars.

       In the Kennedy Half Dollar chart, the 1964 Accented Hair Proofs are in strong demand, higher in PR66 at $115 Market and PR68 is at $290. In Cameo, the PR68 and PR69 Kennedy Half Dollars both advanced to $1,100 and $1,675, respectively.

       The metals have begun the week advancing to $1,203 for Gold and $16.40 for Silver; Platinum is currently at $1,147.


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