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NumisMedia Weekly Market Report
Gold Up Strong as Long Beach Begins
June 3, 2019
The Long Beach Expo official auction, once again hosted by Heritage Auctions, features a widespread variety of rarities throughout most denominations. The 1875 $2 ½ Gold is truly rare in both business strike and proof with only 20 minted in the later. The coin in this sale is an 1875 $2 ½ Gold in PCGS PR65+ Deep Cameo and there are only five coins certified in the PR65 Deep Cameo and PR65+ Deep Cameo grades with just one in PR66 Deep Cameo. This coin is currently listed at a Market value of $85,000, and it is sure to surpass this level.
1875 $2½ Gold PCGS PR65+ Deep Cameo is available at the Heritage Auctions Long Beach Expo U.S. Coins Signature Sale in Long Beach, California, June 6-9, 2019
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Another Gold coin highlighted is the 1797/5 $5 Gold Large Eagle with 15 Stars graded PCGS MS61 with a current Market value of $165,000. This is the second finest coin certified at PCGS; the Pogue MS62+ is the only one finer. There are just 16-20 coins of this variety known to exist today. The following list includes some of the various potential highlights from this Heritage Signature Auction.
1797/5 $5 Gold Large Eagle 15 Stars PCGS MS61 is available at the Heritage Auctions Long Beach Expo U.S. Coins Signature Sale in Long Beach, California, June 6-9, 2019
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| Date/Denomination | Grade | Current Market |
| 1856 Flying Eagle Cent | NGC PR65 | $26,750 |
| 1909 S VDB Lincoln Cent | PCGS MS67 Red | $68,000 |
| 1829 Dime Capped Bust | PCGS MS66 | $9,450 |
| 1837 Dime No Stars | NGC PR66 | $36,750 |
| 1896 S Barber Quarter | NGC MS64+ * | $27,000 |
| 1963 D Franklin Half Dollar | NGC MS67+ FBL | $16,100 |
| 1889 CC Morgan Dollar | PCGS MS62 PL | $33,500 |
| 1892 CC Morgan Dollar | PCGS MS66 | $23,500 |
| 1839 D $2 ½ Gold | PCGS MS62 | $34,750 |
| 1912 $2 ½ Gold Indian | PCGS PR66 CAC | $43,000 |
| 1881 $3 Gold | PCGS PR64 DCAM CAC | $36,600 |
| 1813 $5 Gold Capped Bust | PCGS MS64+ CAC | $67,500 |
| 1898 $5 Gold | PCGS PR64 DCAM CAC | $25,600 |
| 1908 $5 Gold Indian | NGC PR67 | $62,500 |
| 1923 $20 Gold St. Gaudens | PCGS MS66 | $32,500 |
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Gold has climbed quickly the past few trading days, up through the $1,300 level again. In morning trading Gold is $1,320.30 and Silver is $14.74. Proof Gold Eagles in the OGP are currently trading at $1,350 for the one ounce coin and the Proof Silver Eagle is at $38-$39.
Bullion related trading continues to be the focus for many dealers, especially on the teletype systems. However, there are more areas of stability this week, particularly in the lower denominations, compared to price levels from the past few months. Many prices have dropped to the point that dealers are willing to pay the current Market levels for coins that meet their grading criteria, nice coins for the grade with no obvious problems. Dealers and their clients are being very selective in what they will purchase at today's prices.
To illustrate, the MS64 Liberty Seated Dime with Legend had a Market value of $350 in 2012; today it is at $285. Some dealers believe that the higher-end-for-the-grade coins are a bargain at these levels. The NumisMedia graphs within the online price charts can help dealers and collectors find other series and dates that have performed well over the last several years.
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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)
