NumisMedia

NumisMedia Article Archives

Informative and educational articles from some of the hobby's leading numismatists

NUMISMEDIA IS SPONSORED BY
CAC
KLRC

Back to the NumisMedia Home Page



NumisMedia Weekly

Current News and Analysis
of the United States
Rare Coin Market


Buyers Looking for CAC and + Coins

June 13, 2016

     Public traffic at the Long Beach Expo was excellent to steady for most of the show. Metal prices held throughout the week, and dealers took advantage, increasing sales to above average levels. Even better, the metals are still strong as this week begins with Gold up over $9, now at $1,283.50. Silver is $17.42 and Platinum is down slightly at $990.50.

     As the market continues to decline for some series, it looks like dealers and collectors are heavily pursuing CAC and + graded coins. Many dealers believe that the average coins in the market are creating the declines over the last year and a half. At the same time, this means that many of the older certified coins are being submitted for reexamination for CAC approval or a + designation. As you can see from the Heritage Auctions Long Beach Sale, many of the coins sold at premiums were CAC or +. Some of the higher valued coins that do not have the premium designations sold for discounts of current Market levels.

1895 O Morgan Dollar NGC MS65+ CAC

1895 O Morgan Dollar NGC MS65+ CAC sold for $258,500 at the Heritage Auctions Long Beach U.S. Coins Signature Auction in Long Beach, California, June 8-12, 2016

 
Date/Denomination
 
Grade
Price
Realized
1915 Lincoln CentPCGS PR67 RB CAC$14,100
1795 Flowing Hair Half DimeNGC MS65$28,200
1916 Buffalo NickelPCGS PR67+ CAC$17,625
1926 S Buffalo NickelNGC MS64 CAC$15,275
1877 Twenty CentNGC PR65 CAC$21,150
1806/5 Heraldic QuarterPCGS MS64+ CAC$42,300
1822 Capped Bust Quarter 25 over 50cPCGS MS65$108,688
1926 D Standing Liberty QuarterNGC MS65 FH CAC$49,350
1797 Draped Bust HalfNGC G6 CAC$41,125
1920 S Walking Liberty HalfNGC MS65+ CAC$42,300
1921 D Walking Liberty HalfNGC MS65+ CAC$56,400
1921 S Walking Liberty HalfNGC MS66$188,000
1794 Flowing Hair DollarNGC VG10$105,750
1895 O Morgan DollarNGC MS65+ CAC$258,500
1804 $2 ˝ Gold 13 Star RevPCGS AU50$146,875
1876 $10 GoldPCGS AU58 CAC$52,875
1856 O $20 GoldPCGS AU55$364,250

     Values remain very fluid depending on the series, grade, and demand for specific dates. In this week’s HD Wholesale Market Dealer Price Guide there are quite a few increases for Bust Halves, many from the results of auctions, where the demand is very strong for top rarities. Some of these dates have not traded in many years, and when three or more advanced collectors get involved in the bidding, prices can skyrocket. The 1836 Reeded Edge is a very tough coin in high grade; there are only two coins certified in MS65 and the Market has increased to $53,500. The 1837 Half has a total of five coins in the highest grade of MS67 and the Market climbed to $70,000. For the 1839 O, also in MS67 and a very rare coin, the new Market value is up to $160,000; there are only two certified in this grade.









Go to the Weekly Market Report Archive









Search NumisMedia

Keyword search all of our past and present numismatic articles

Custom Search





Online Banner Advertising


Brought to you by

E-mail questions & comments to info@numismedia.com
Copyright © 2017 Numismatic Interactive Network, LLC
All Rights Reserved. Terms of Use - About Us - Help Center





NumisMedia Weekly Archive
Current News and Analysis of the U.S.
Rare Coin Market