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NumisMedia Weekly Market Report
High Quality Morgan Dollars Sold at Latest Regency Auction
October 3, 2016
The latest downward trend in the metals has buyers wondering what to do next; many are waiting to see if this market will continue to decline or bounce back as it has on previous occasions. Just when we thought the metals were beginning to head toward positive ground over a week ago, they took a sudden turn and retreated backward. Many investors may be hesitant as the upcoming elections could determine the future direction of the economy.
This week begins with Gold at $1,311.50 and Silver at $18.95. This puts the Proof Gold Eagles at $1,475 for the one ounce coins, which is down $25 from last week at this time. However, the one ounce Proof Silver Eagle is holding steady at $49 to $50.
Legend Rare Coin Auctions hosted their Regency Auction XVIII in Las Vegas this past week. This sale was heavy in high quality and better date Morgan Dollars. Because of its rarity and superb quality, there was some competitive bidding for the 1889 CC Morgan Dollar in PCGS MS64, which sold for $88,125.
One of the more remarkable Morgans in this sale was the 1896 S PCGS MS66 P/L with the CAC sticker; it brought $111,625. Below are some of the other highlights from Regency Auction XVIII.
1896 S PCGS MS66 P/L CAC is sold for $111,625 at the Legend Rare Coin Auctions Regency Auction XVIII in Las Vegas, Nevada, September 29, 2016
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Date/Denomination |
Grade | Price
Realized |
| 1794 Half Cent | PCGS MS62 BN | $28,200 |
| 1909 S VDB Lincoln Cent | PCGS MS66+ CAC | $21,738 |
| 1909 VDB Lincoln Cent | PCGS PR65 RD CAC | $42,300 |
| 1871 Two Cent | PCGS MS66 RD | $27,025 |
| 1915 Buffalo Nickel | PCGS PR68 CAC | $34,075 |
| 1919 S Buffalo Nickel | NGC MS66 | $27,025 |
| 1795 Flowing Hair Half Dime | PCGS MS63 CAC | $16,450 |
| 1807 Draped Bust Dime | PCGS MS65 | $29,375 |
| 1805 Bust Quarter | PCGS MS63 CAC | $41,125 |
| 1795 Flowing Hair Half Dollar | PCGS MS63 CAC | $176,250 |
| 1817/3 Bust Half | PCGS MS63 | $27,025 |
| 1851 Seated Half | PCGS MS67 | $58,750 |
| 1919 Walking Liberty Half | PCGS MS67 CAC | $44,650 |
| 1795 Draped Bust Dollar | PCGS MS63 CAC | $123,375 |
| 1883 CC Morgan Dollar | PCGS MS68 CAC | $70,500 |
| 1884 S Morgan Dollar | PCGS MS62 CAC | $20,563 |
| 1901 $2 ½ Gold | PCGS PR69 DCAM | $105,750 |
| 1870 $3 Gold | PCGS MS65+ CAC | $67,563 |
| 1809/8 $5 Gold Capped Bust | PCGS MS64 CAC | $49,938 |
| 1907 $10 Gold Indian Wire Rim | PCGS MS64+ CAC | $47,000 |
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This week's Moderns Wholesale Market Dealer Price Guide contains a long list of declining prices, particularly in the Modern Eagles and other bullion charts. Despite the common dates faltering, there are still a number of increases for many of the rare MS70 issues. The 1992 $10 Gold Eagle is up to $4,250 Market in MS70 and the 1995 $50 Gold Eagle in MS70 is now higher at $3,500.
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![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
