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NumisMedia Weekly

Current News and Analysis
of the United States
Rare Coin Market

Modern Bullion Still Leading Market Activity

September 7, 2015

     While the metals have been drifting over the last couple of weeks, the teletypes have been very active with sales for modern bullion coins. Many dealers are reporting demand for modern bullion coins is ‘off the charts’, including all the new releases from the U.S. Mint. The week is beginning with Gold up to $1,122.20 and Silver at $14.78. Proof Gold one ounce Eagles are currently trading at $1,362. Proof Silver Eagles are at least $46 for the most common dates.

     The most recent Legend Rare Coin Auction, Regency Auction XIII, was presented last week in Las Vegas in conjunction with the PCGS Members Only Show. Prices realized were just above $3.3 million. While there were numerous highlights in this sale, we have selected a few of the more important rarities for this report. The majority of coins in these sales are virtually hand-selected to represent higher end coins for the grade.

     The 1880 Shield Nickel is the key date to the series. The original mintage count was 19,955 coins; however, modern day records indicate that this number was closer to 16,000. The current population reports from PCGS and NGC show less than 130 in all grades. There are a total of eleven in MS65, but this one is also CAC approved; it brought $91,063. Below are some of the other rarities from this sale.

1880 Shield Nickel PCGS MS65 CAC

1880 Shield Nickel PCGS MS65 CAC sold for $91,063 at the Legend Rare Coin Auctions Regency Auction XIII at the PCGS Members Only Show in Las Vegas, Nevada, September 3, 2015

1918 D Mercury DimePCGS MS67 FB$182,125
1919 D Mercury DimePCGS MS66 FB$114,563
1820 Bust QuarterPCGS PR64 CAC$85,188
1870 CC Seated QuarterPCGS XF40$52,875
1870 CC Seated HalfPCGS AU50$28,200
1918 D Walking Liberty HalfPCGS MS65 CAC$24,675
1882 Morgan DollarPCGS PR68 Cameo CAC$41,125
1883 S Morgan DollarPCGS MS65$29,375
1908 $2 ½ Gold IndianPCGS PR67$58,750
1854 D $3 GoldPCGS AU58 CAC$67,563
1846 O $10 GoldPCGS MS60$35,250
1847 O $10 GoldPCGS MS64$42,300
1878 CC $10 GoldPCGS AU55$37,600
1879 O $10 GoldPCGS AU58 CAC$49,938

     The recent ANA auctions have led to a number of changes to this week’s LD Wholesale Market Dealer Price Guide. While many of the adjustments are lower, the majority of sales are still within 10% of current levels. Shield Nickels and Liberty Nickels appear to be stronger in the 65 and higher grades with some of the rarities attracting higher buy prices. The 1875 Shield Nickel in PR67 is up to $2,925 Market and the 1878 in the same grade is up to $2,100. In Liberty Nickels, the 1889 through 1892 are all higher in MS65; the 1890 is now $925 Market. The 1906 climbed to a higher $1,725 in MS66.

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