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NumisMedia Weekly

Current News and Analysis
of the United States
Rare Coin Market

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.

1793 Wreath Cent Vine & BarsPCGS XF40$15,275
1909 S VDB Lincoln CentPCGS MS66+ Red CAC$19,975
1794 Flowing Hair Half DimePCGS MS63 CAC$30,550
1797 Draped Bust Dime 13 StarsPCGS MS62$51,700
1895 O Barber DimePCGS MS66$35,250
1820 Capped Bust Quarter Small 0PCGS PR64 CAC$76,375
1921 D Walking Liberty HalfPCGS MS65+ CAC$49,350
1921 S Walking Liberty HalfPCGS MS64 CAC$42,300
1889 CC Morgan DollarNGC MS64$54,050
1893 S Morgan DollarPCGS MS61$176,250
1901 Morgan DollarPCGS MS64$49,350
1877 $1 GoldNGC PR66 UCam$27,025
1796 $2 ½ Gold No StarsPCGS AU50$111,625
1808 $2 ½ Gold Capped BustPCGS XF45$82,250
1907 $10 Gold Indian Wire RimPCGS MS64+ CAC$58,750
1921 $20 Gold St. GaudensPCGS MS62$105,750
1929 $20 Gold St. GaudensPCGS MS64$41,713

     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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