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NumisMedia Weekly

Current News and Analysis
of the United States
Rare Coin Market


Rarities Still Commanding Strong Prices

May 20, 2019

     While most major auctions garner the support of dealers and the public attending numismatic events, Legend Rare Coin Auctions has managed to attract a tremendous following for their specialized sales without the benefit of a major convention. Legend’s Regency Auction 32 was conducted last week at the PCGS Members only show in New Orleans. This sale was highlighted by the visually stunning SUPERNOVA 1857 S $20 Gold recovered from the S.S. Central America, the finest known coin of this date with a PCGS MS67 label in addition to the CAC sticker. The fabulous toning alone was enough to create an awe-inspiring final bid of $282,000. In a better market, this coin could have reached $400,000 or beyond.

1857 S $20 Gold SUPERNOVA PCGS MS67 CAC

1857 S $20 Gold SUPERNOVA PCGS MS67 CAC sold for $282,000 at the Legend Rare Coin Auctions Regency Auction 32 in New Orleans, Louisiana, May 15-16, 2019

     Legend also sold a 1795 Flowing Hair Dollar with Silver Plug graded by PCGS as AU55 and approved by CAC which realized $129,250. This coin is extremely rare and comes on the market very infrequently; there are only 4 coins in this grade and this coin is the only one that has the CAC sticker. There are 3 coins certified higher with the PCGS MS65+ the finest thus far. Many of the planchets for the 1795 Dollars were underweight so a silver plug was inserted in an effort to maintain proper consistency in the silver weight. Below are some of the other highlights from Legend’s Regency Auction 32.

1795 Flowing Hair Dollar Silver Plug PCGS AU55 CAC

1795 Flowing Hair Dollar Silver Plug PCGS AU55 CAC sold for $129,250 at the Legend Rare Coin Auctions Regency Auction 32 in New Orleans, Louisiana, May 15-16, 2019

Date/DenominationGradePrice Realized
1856 Flying Eagle CentPCGS PR65 CAC$38,775
1895 Liberty NickelPCGS PR68$73,438
1927 D Buffalo NickelPCGS MS66$23,500
1795 Flowing Hair Half DimePCGS MS64+ CAC$24,675
1928 S Mercury DimePCGS MS67+ FB CAC$31,725
1796 Draped Bust QuarterPCGS AU50 CAC$82,250
1806/5 Heraldic Eagle QuarterPCGS MS64+ CAC$73,438
1873 Seated Half ArrowsPCGS PR66 DCAM CAC$55,813
1799 Draped Bust DollarPCGS MS64+ CAC$141,000
1857 Seated DollarPCGS MS64 CAC$34,075
1878 7TF Morgan DollarPCGS MS66 DMPL$37,600
1879 CC Morgan Dollar Capped DiePCGS MS65+ CAC$49,938
1889 CC Morgan DollarPCGS MS64 CAC$141,000
1893 CC Morgan DollarPCGS MS65 CAC$152,750
1925 S Peace DollarPCGS MS65 CAC$36,425
1856 S $1 GoldPCGS MS64+ CAC$88,125
1857 S $2 ½ GoldPCGS MS64+ CAC$47,000
1840 C $5 GoldPCGS MS64$79,313
1904 $5 GoldPCGS PR67+ CAM CAC$102,813
1907 $10 Gold Indian Wire RimPCGS MS65+ CAC$105,750

     With Gold considerably down compared to this time last week, the U.S. Gold charts are showing a considerable amount of adjustments; in this morning’s trading, Gold bullion is currently at $1,275.70. Twenty Libs and Saints are trading at $1,265 in AU50 among dealers with very narrow spreads to the MS60 coins at $1,290 Market. Although the 1907 High Relief $20 Gold is very rare, they are available in quantity through several major dealers and prices are very competitive. Note that Market prices are lower in MS61 through MS65 with the latter down to $36,250. It looks like it’s a great time to be a buyer at these discounted levels.







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