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NumisMedia Weekly Market Report
Buyers are Getting More for Their Money
June 12, 2017
Last week began with the metals advancing only to falter at the end of the week. As the Long Beach Show was in full swing, buyers and sellers were trying to make sense of the market and still do some business. An old complaint came up at this show, 'it is tough to find nice coins at today's levels.' There are lots of dealers offering nice coins at premium prices but few are willing to let go of their more eye appealing inventory at current Market prices. It used to be that the upper 75% of the graded coins dictated market values, but it seems like the less eye appealing coins are now dominating the marketplace thus creating the lower values.
One point of significance in this current downturn: as prices fall buyers have the ability to purchase more coins at the current lower levels. This means if you have $100,000 to spend and the market falls 25% then it will take only $75,000 to purchase the same coins. Many dealers feel this is good in the long term for the numismatic economy.
Heritage Auctions hosted the official auction at the Long Beach Expo. One of the highlights was the 1652 Pine Tree Shilling Large Planchet in PCGS MS65 with CAC approval which brought $141,000. Listed below are a few more noteworthy coins with prices realized from this important sale.
Date/Denomination |
Grade | Price
Realized |
| 1793 Wreath Cent Vine & Bars | PCGS XF40 | $15,275 |
| 1909 S VDB Lincoln Cent | PCGS MS66+ Red CAC | $19,975 |
| 1794 Flowing Hair Half Dime | PCGS MS63 CAC | $30,550 |
| 1797 Draped Bust Dime 13 Stars | PCGS MS62 | $51,700 |
| 1895 O Barber Dime | PCGS MS66 | $35,250 |
| 1820 Capped Bust Quarter Small 0 | PCGS PR64 CAC | $76,375 |
| 1921 D Walking Liberty Half | PCGS MS65+ CAC | $49,350 |
| 1921 S Walking Liberty Half | PCGS MS64 CAC | $42,300 |
| 1889 CC Morgan Dollar | NGC MS64 | $54,050 |
| 1893 S Morgan Dollar | PCGS MS61 | $176,250 |
| 1901 Morgan Dollar | PCGS MS64 | $49,350 |
| 1877 $1 Gold | NGC PR66 UCam | $27,025 |
| 1796 $2 ½ Gold No Stars | PCGS AU50 | $111,625 |
| 1808 $2 ½ Gold Capped Bust | PCGS XF45 | $82,250 |
| 1907 $10 Gold Indian Wire Rim | PCGS MS64+ CAC | $58,750 |
| 1921 $20 Gold St. Gaudens | PCGS MS62 | $105,750 |
| 1929 $20 Gold St. Gaudens | PCGS MS64 | $41,713 |
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There are multiple increases in this week's Moderns Wholesale Market Dealer Price Guide for early Proof Lincoln Cents in the dates of 1909 through 1916. The 1909 PR66 BN is up to $1,175 Market and the 1915 PR67 BN is higher at $5,250. Keep in mind that these coins require clean surfaces with no distractions to attract these higher prices.
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NumisMedia Weekly
Dealer Price Guides
Weekly and Online Wholesale Prices
NumisMedia presents Wholesale Dealer Prices representing dealer trading levels for properly graded sight-seen coins.
Subscribers to the Dealer Price Guides will receive our Weekly Wholesale Market Dealer Price Guides and access to all of our Online and Mobile Price Guides: Market, FMV, PCGS, NGC, CAC, & Plus +.
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The Classic HD has grades from Fine through MS68 in every U.S. series in the higher denominations: Halves, Dollars, Gold, and Commemoratives.
The Classic LD has grades from Fine through MS68 in every U.S. series in the lower denominations: Half Cents through Quarters.
The Moderns Edition has grades from AU50 through MS70 in every Modern series.
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NumisMedia Weekly Extra
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