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NumisMedia Weekly Market Report
Common Moderns Falling
February 27, 2017
Thousands of dealers and collectors filed through the doors at the Long Beach Expo, many came to view the 1861 P Paquet Reverse $20 Gold, currently owned by Larry Lee, and the Bruce Morelan Collection of Early Dollars, including the fabulous 1794 Dollar. Dealer business was generally positive, however, the overall trend for lower prices on anything less than rare is apparent. Discounts are required for average coins and in most cases this created sales. The next major show is the ANA National Money Show in Orlando, Florida, March 9-11.
The official auction of the ANA National Money Show will have a new host for this event, Kagin's Auctions, although, they are not new to the industry. The Kagin family has been in business since 1933 and is now reviving a once successful auction company with some super numismatic rarities. Included in this sale will be a near complete set of Trade Dollars, the Dr. Chris Allan Collection of the all-time finest set of Bechtler coinage, an always popular 1792 Half Disme in PCGS AU50, and an 1876 CC Seated Dime in PCGS SP66 with a CAC sticker. Check out all the auction lots at kagins.com.
1881 Trade Dollar PR66 DCAM PCGS will be available at the ANA National Money Show in Orlando, Florida, March 9-10, 2017
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Gold is up to $1,262 this morning, Silver is nearing $18.50, and Platinum is at $1,043. This week's Moderns Wholesale Market Dealer Price Guide is showing numerous increases in the bullion charts. Generic one ounce Gold Eagles in MS69 are up to $1,290 and if Gold holds will be a touch higher as the listed Market value was printed when Gold was at $1,255. Proof Gold Eagles in PR69 are now up to $1,440.
Despite the higher metals, the rest of the Moderns Price Guide, Lincoln Cents up through Ike Dollars has another round of declines. Many of the changes reflect discounted selling of dates where the populations are rising. The 1936 D Lincoln Cent in MS67 Red is down to $190 Market and the 1937 S in the same grade is lower at $180.
In the Jefferson Nickel series, the 1950 in PR66 Deep Cameo has fallen to $1,825 and the 1952 PR69 Cameo is lower at $975. Of a positive note, the 1940 in PR69 is up to $11,000 Market.
Roosevelt Dimes have a long list of declines in the MS68 column, many within 1946 through 1958. The 1946 is down to $1,025 and the 1949 dropped to $950.
Several Kennedy Half Dollars are declining as demand has been sporadic of late. The 1964 D in MS67 is lower at $1,025 and the 1967, same grade, is down to $1,650 Market. There are a few increases this week with the 1965 SMS in MS67 Deep Cameo now up to $3,650 and the 1969 D in MS67 is higher at $1,425.
1964 Kennedy Half Dollar Accented Hair PR68 Ultra Cameo NGC sold for $19,975 at the Heritage Auctions FUN Show U.S. Coins Signature Sale in Fort Lauderdale, Florida, January 4-9, 2017
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1966 Kennedy Half Dollar MS67 PCGS sold for $4,230 at the Heritage Auctions FUN Show U.S. Coins Signature Sale in Fort Lauderdale, Florida, January 4-9, 2017
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1966 Kennedy Half Dollar SMS SP68 Deep Cameo PCGS sold for $9,400 at the Heritage Auctions FUN Show U.S. Coins Signature Sale in Fort Lauderdale, Florida, January 4-9, 2017
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1970 D Kennedy Half Dollar MS67 PCGS sold for $3,760 at the Heritage Auctions FUN Show U.S. Coins Signature Sale in Fort Lauderdale, Florida, January 4-9, 2017
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