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NumisMedia Weekly

Current News and Analysis
of the United States
Rare Coin Market

Discounting Creating Buying Opportunities

March 14, 2016

     More dealers are offering long lists of inventory on the teletype systems at reduced prices resulting in lower Market prices overall. There has also been some discounting in the latest auctions. All of this makes for some great opportunities for buyers to find some of those collector coins they have been wanting for a long time; and buyers can be selective with dealers competing for collector sales.

     In the latest LD Wholesale Market Dealer Price Guide there are several increases for some top rarities that sold in the recent Pogue Sale. These are exceptions to the run of the current market because of their tremendous rarity. In the Half Cents chart, The 1793 in MS65 BN is up to $260,000 Market, while the 1795 Plain Edge No Pole is higher at $185,000 in MS66 BN. The 1797 Plain Edge Half Cent in MS66 BN increased to $240,000 since our last update.

1797 Plain Edge Half Cent MS66 BN

1797 Plain Edge Half Cent MS66 BN sold for $293,750 at the D. Brent Pogue Collection Part III sale hosted by Stack’s Bowers Galleries and Sotheby’s in New York, February 9-10, 2016

     There are several increases for early rarities in the Large Cent chart beginning with the 1793 Chain Cent AMERI. in MS61 through MS65. As with all early copper this is a very tough coin to acquire with damage-free surfaces. The MS61 now has a Market of $215,000 and the MS65 is at $425,000. The 1793 AMERICA has jumped to $400,000 in MS65 BN. Conversely, the 1793 Vine & Bars in MS66 BN has dropped slightly to $250,000. The 1794 Head of 1794 is down to $17,750 in MS62 BN. All of these coins are typically strong at their price levels and do not see many declines because strong collector interest; yet, as we have mentioned recently, when one or two high profile collectors drop out of the bidding process, prices can fall 10% or more.

     There seems to be a lot of 1909 S VDB Lincoln Cents available of late. Yes, high grade Red coins are very attractive to advanced collectors, but the Red & Brown or Browns seem to be a little difficult to market unless they are discounted; MS65 and lower grades are appearing in nearly every inventory at major shows. The MS65 RB is down to $2,350 Market and the AU58 is lower at $1,075. The 1914 D is not nearly as plentiful in the Mint State grades and prices appear to be steady at current levels. The MS65 BN is higher at $6,350 this week.

1914 D Lincoln Cent MS65 Brown PCGS CAC

1914 D Lincoln Cent MS65 Brown PCGS CAC sold for $7,638 at the Heritage Auctions ANA U.S. Coins Signature Auction in Dallas, Texas, March 3-6, 2016

     With the metals falling back slightly this past week you might think that buyers would lean toward holding their position to see what direction the near term holds. This does not seem to be the case as dealers are reporting steady sales even as prices fall. Gold is currently at $1,240.50 and Silver is $15.50. Silver bags are slightly down at $12,625 for $1,000 face. A bag of VG and higher Silver Dollars are trading at $23,565.

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