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NumisMedia Weekly Market Report
Bullion Still Attracting Buyers, Rare Coins Slightly Lower
April 4, 2016
The just completed Whitman Baltimore Expo raised the usual concerns about the market, and that is, not enough retail, not enough wholesale, not enough public attendance. Yet, when all was said and done, many dealers reported having a good show.
Based on Mint sales, modern bullion coins are selling at a record pace and most dealers are participating in this area of the market. Gold and Silver are down slightly in early morning trading with Gold currently at $1,217.20 and Silver at $14.97.
Stack's Bowers Galleries conducted a major sale at Baltimore Whitman Expo with a large variety of rarities. Included was a 1795 Draped Bust Dollar in PCGS MS63+ that sold for $117,500; this is the only coin certified with the + designation and there are only 21 coins grading higher.
1795 Draped Bust Dollar PCGS MS63+ sold for $117,500 at the Stack's Bowers Galleries Auction at the Whitman Expo in Baltimore, Maryland, March 30 - April 6, 2016
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One of the rarest coins available in this sale was the 1808 Capped Bust $2 ½ Gold in PCGS MS61; this coin brought an amazing $223,250. While this grade has eleven coins certified, there are only twelve grading higher with MS65 the highest.
1808 Capped Bust $2½ Gold PCGS MS61 sold for $223,250 at the Stack's Bowers Galleries Auction at the Whitman Expo in Baltimore, Maryland, March 30 - April 6, 2016
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For many observers the highlight of this sale was the 1799 Capped Bust $10 Gold in PCGS MS66 with the CAC sticker; it sold for $493,500 and it is the highest certified for this date.
1799 Capped Bust $10 Gold PCGS MS66 CAC sold for $493,500 at the Stack's Bowers Galleries Auction at the Whitman Expo in Baltimore, Maryland, March 30 - April 6, 2016
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Also worth noting, Stack's Bowers is now listing the reserve price for a coin that does not sell in their prices realized. This makes it easier for potential buyers to decide if they want to make an offer on a coin that did not sell during the auction. Below are some of the highlights from this sale.
Date/Denomination |
Grade | Price
Realized |
| 1909 S VDB Lincoln Cent | PCGS MS66 Red CAC | $12,338 |
| 1914 D Lincoln Cent | PCGS MS65+ Red | $17,625 |
| 1852 Three Cent Silver | NGC MS68 | $15,275 |
| 1919 S Buffalo Nickel | NGC MS66 | $41,125 |
| 1926 S Buffalo Nickel | NGC MS65+ | $64,625 |
| 1867 S Seated Quarter | PCGS MS62 CAC | $9,988 |
| 1836 Reeded Edge Half | PCGS MS63 | $19,975 |
| 1895 O Barber Half | NGC SP66 | $32,900 |
| 1802 Bust Dollar | PCGS MS63 CAC | $64,625 |
| 1910 $2 ½ Gold Indian | PCGS PR66 CAC | $45,825 |
| 1915 $2 ½ Gold Indian | PCGS PR67 | $50,525 |
| 1854 O $3 Gold | NGC MS62 | $58,750 |
| 1795 Capped Bust $5 Gold | PCGS AU55 | $42,300 |
| 1814/3 $5 Gold | NGC MS64 | $42,300 |
| 1839 C $5 Gold | NGC MS63 | $42,300 |
| 1866 S $20 Gold No Motto | NGC AU53 | $35,250 |
| 1876 S $20 Gold | NGC MS65 | $94,000 |
| 1885 $20 Gold | PCGS AU58 | $64,625 |
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This week's LD Wholesale Market Dealer Price Guide lists an assortment of adjustments in most series from Lincoln Cents through Standing Liberty Quarters. Half Cents and Large Cents are fairly steady with minor changes reported. We are still updating prices from the just completed auction which will have some influence over the next few weeks. In the meantime, Seated Half Dimes and Seated Dimes are relatively steady with some moving slightly lower. Most of the changes are less than 10%, indicating that these coins are selling at the new levels.
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