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NumisMedia Weekly Market Report
Whitman Baltimore Expo Canceled, Stack's Bowers Sale Relocated
March 23, 2020
The coronavirus is taking its toll around the world, not only threatening lives, but also making everyday life very difficult. The government is shutting down almost any business that attracts a crowd, including sporting events, restaurants, and schools; every effort is being made to limit losses. Over the last few weeks the stock market has crashed and even the Feds lowering interest rates has not helped overall. Currently the Dow is down under the 19,000 mark and oil is at $23 a barrel; however, the metals have finally made a major move in morning trading with Gold up over $50, currently at $1,558. With such big moves taking place, make sure you check all prices before making final deals.
The Whitman Baltimore Expo was canceled by the city of Baltimore because of the crowd limitations and the Stack's Bowers Galleries auction was transferred to their California offices. While it is difficult to host a coin show without dealers and collectors participating, an auction can commence through the efficiency of the internet. The importance of this sale is highlighted by the inclusion of the D. Brent Pogue Collection Part VII. While the Pogue Sale had numerous extreme rarities, the top seller was the 1854 S $5 Gold in PCGS AU58+ CAC, which brought $1,920,000. This is the finest of 3 known examples of this super rarity that carries a pedigree of Eliasberg and F. C. C. Boyd prior to being added to the Pogue Collection.
1854 S $5 Gold AU58+ PCGS CAC sold for $1,920,000 at the Stack's Bowers March 2020 Auction, The D. Brent Pogue Collection Part VII: Masterpieces of United States Coinage, at Stack's Bowers Headquarters in Santa Ana, California, March 20, 2020
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A second rarity which is usually the highlight of most sales was the 1804 Dollar certified by PCGS as PR55 Restrike Class III which sold for $1,440,000; there are just 14 known examples in all classes. The strong demand for these rare coins proves that significant competition will be the driving force when the top rarities are offered.
1804 Draped Bust Dollar, Class III Restrike Second Reverse, PR55 PCGS sold for $1,440,000 at the Stack's Bowers March 2020 Auction, The D. Brent Pogue Collection Part VII: Masterpieces of United States Coinage, at Stack's Bowers Headquarters in Santa Ana, California, March 20, 2020
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There was a third million dollar coin in the Stack's Bowers Sale; the 1885 Trade Dollar in PCGS PR64 realized $1,320,000. This date has a known population of only 5 coins and this is the second highest certified non-cameo with a PR66 by NGC being the highest. Listed below are some of the other highlights from the Stack's Bowers Galleries Sale this past week.
| Date/Denomination | Grade | Price Realized |
| 1796 Half Cent w/Pole | PCGS MS66 RB | $336,000 |
| 1833 Capped Bust Dime | PCGS PR66 | $108,000 |
| 1916 D Mercury Dime | PCGS MS67 FB CAC | $204,000 |
| 1901 S Barber Quarter | PCGS MS67+ CAC | $180,000 |
| 1919 D Standing Liberty Quarter | PCGS MS66+ FH | $114,000 |
| 1878 S Seated Half Dollar | PCGS MS66 CAC | $288,000 |
| 1890 Seated Half Dollar | PCGS MS68+ | $120,000 |
| 1884 Trade Dollar | PCGS PR64+ CAMEO | $552,000 |
| 1855 $1 Gold TII | PCGS MS67+ CAC | $120,000 |
| 1841 $2.5 Gold | PCGS PR64 CAMEO CAC | $408,000 |
| 1854 S $2.5 Gold | PCGS AU50 | $384,000 |
| 1879 $4 Gold Stella Flowing Hair | PCGS PR66 CAMEO CAC | $264,000 |
| 1820 $5 Gold Capped Head | PCGS MS65+ CAC | $180,000 |
| 1848 O $10 Gold | PCGS MS66 CAC | $240,000 |
| 1852 $10 Gold | PCGS MS66+ CAC | $288,000 |
| 1907 $10 Gold Indian Rolled Edge | PCGS MS67 CAC | $576,000 |
| 1908 D $10 Gold Indian Motto | PCGS MS68 CAC | $204,000 |
| 1854 S $20 Gold | PCGS MS65 CAC | $132,000 |
| 1869 $20 Gold | PCGS MS66 | $204,000 |
| 1875 S $20 Gold | PCGS MS67 CAC | $432,000 |
| 1907 $20 Gold St. Gaudens High Relief | PCGS MS68+ CAC | $456,000 |
| 1913 $20 Gold St. Gaudens | NGC PR66 CAC | $162,000 |
| 1927 S $20 Gold St. Gaudens | PCGS MS67 CAC | $264,000 |
| 1915 S $50 Gold Pan-Pac Round | PCGS MS65 | $192,000 |
| 1915 S $50 Gold Pan-Pac Octagonal | PCGS MS65 | $138,000 |
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