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NumisMedia Weekly

Current News and Analysis
of the United States
Rare Coin Market

Which Direction Are Your Coins Headed?

July 18, 2016

     It is very difficult to measure how the metals will respond over the next few weeks. With the Republican National Convention about to begin in Cleveland, collecting and investing seems to have taken a backseat with many dealers reporting slower than expected sales at the just completed Whitman Baltimore Expo. However, there were still plenty of dealers expressing a more positive outlook and had increased sales over previous shows.

     Gold is lower this morning; currently at $1,327 and Silver is barely under $20 an ounce. Still, 90% Silver bags are trading at $15,000 and VG and better Silver Dollars are at $24,350. Proof Silver Eagles remain steady at $50, while the one ounce Proof Gold Eagles are trading at $1,540 in the OGP. While the metals seem to be slightly soft as the week begins, it was just a short year ago when Gold fell to $1,072 in overnight trading. Silver was under $15 then and now most investors are wishing they had jumped in when the prices were at those lows. Now buyers are trying to predict what the next year will bring.

     While the market remains lackluster for most common collector coins dated after the 1930’s, we are finding more dealers looking to buy and sell better date coins. The Teletype systems can be a benefit to dealers, using listings as an expanded inventory to offer to their own customers. Market prices continue to display more declines than advances throughout the LD Wholesale Market Dealer Price Guide this week, but there are still enough increases to offer encouragement. Below are a few of this week’s increases.

Date/DenominationGradeCurrent Market
1793 Wreath Cent Vine & BarsVF20$8,550
1831 Large CentMS65 BN$1,650
1857 Flying Eagle CentMS65$2,850
1877 Indian CentMS63 BN$4,225
1908 S Indian CentMS66 Red$4,325
1909 S Lincoln CentMS66 Red$2,725
1923 S Buffalo NickelMS65$5,875
1927 S Buffalo Nickel MS65$10,350
1854 O Half Dime W/ArrowsMS66$5,000
1906 S Barber DimeMS67$6,950
1925 D Mercury DimeMS66 FB$6,125

     Demand for a majority of these coins has remained stable over the last couple of years and the populations have not increased much over this timeframe. One coin that has gone in the opposite direction is the 1912 S Liberty Nickel. In MS65 it has fallen from $3,025 Market to the current $2,700; in MS66 it is down from $9,325 Market to today’s level of $6,875; these declines are for prices from the beginning of this year. This date has become easily available in major auctions and in dealer sell lists. There are 393 coins certified in MS65 by PCGS and NGC; in MS66 there are a total of 51 coins certified.

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