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NumisMedia Weekly Market Report
Rarities Still Bringing Top Dollar
June 15, 2020
The June Long Beach Convention was another in the long line of coin shows canceled over the past three months. Heritage Auctions typically hosts a major sale at the Long Beach shows, but the scheduled auction was instead held at their new Dallas offices adjacent to the Dallas Fort Worth International Airport. Without the added attendance from a major show, these remote auctions should suffer somewhat. While this may be the case with some of the lower valued coins, it is certainly not when it comes to the rarities.
1933 $10 Gold Indian in PCGS MS65 brought $408,000. This is a very popular date with a total of only 12 coins certified in the MS65 grade. There are only two grading higher in MS66, one each by PCGS and NGC. There were over 300,000 coins originally minted, but with the 1933 recall of Gold coins, the majority were melted. It is estimated that there are only 30-40 coins that still exist. The overall populations for PCGS and NGC total just 36 certified in all grades and none below the MS62 grade, with duplicate submissions of the same coin most likely creating the larger total.
1933 $10 Gold Indian MS65 PCGS sold for $408,000 at the Heritage Auctions Long Beach Expo U.S. Coins Signature Sale in Dallas, Texas, June 4-7, 2020
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1907 $10 Gold Indian with Rolled Edge in PCGS MS65 brought $240,000. With just 42 coins originally minted this is an extremely rare date. There are only 27 coins certified in the MS65 grade, however, there are 24 grading higher with MS67+ the highest. With so many high grades, the small original mintage must not have gone unnoticed by the collectors of the time. Below are some of the other highlights from the Long Beach Auction held by Heritage in Dallas.
1907 $10 Gold Indian Rolled Edge PCGS MS65 sold for $240,000 at the Heritage Auctions Long Beach Expo U.S. Coins Signature Sale in Dallas, Texas, June 4-7, 2020
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| Date/Denomination | Grade | Price Realized |
| 1793 Half Cent | PCGS MS64 BN | $84,000 |
| 1913 TI Buffalo Nickel | PCGS MS68+ CAC | $31,200 |
| 1937 D Buffalo Nickel Three Leg | NGC MS66 | $26,400 |
| 1796 Draped Bust Dime | PCGS MS64 | $55,200 |
| 1916 D Mercury Dime | PCGS MS66+ FB CAC | $72,000 |
| 1796 Draped Bust Quarter | PCGS MS63 | $150,000 |
| 1860 Seated Quarter | PCGS MS67 CAC | $25,200 |
| 1916 Standing Liberty Quarter | PCGS MS65+ FH CAC | $42,000 |
| 1794 Flowing Hair Half | PCGS AU55 | $78,000 |
| 1874 S Seated Half Dollar Arrows | NGC MS66 CAC | $22,800 |
| 1889 CC Morgan Dollar | PCGS MS63+ CAC | $51,000 |
| 1796 $2.5 Gold No Stars | PCGS XF45 CAC | $144,000 |
| 1808 $2.5 Gold | NGC MS61 | $138,000 |
| 1846 C $2.5 Gold | PCGS MS63 | $40,800 |
| 1911 D $2.5 Gold Indian | NGC MS65 | $31,200 |
| 1854 O $3 Gold | NGC MS62 | $54,013 |
| 1863 $3 Gold | NGC MS67+ | $51,600 |
| 1879 $4 Gold Stella Flowing Hair | NGC PR63 CAM | $138,000 |
| 1823 $5 Gold | PCGS MS63+ CAC | $50,400 |
| 1908 $5 Gold Indian | NGC PR67 | $57,600 |
| 1909 $5 Gold Indian | NGC PR66+ | $75,000 |
| 1799 $10 Gold | PCGS MS64 | $114,000 |
| 1801 $10 Gold | PCGS MS64 | $102,000 |
| 1895 $10 Gold | NGC PR66+ UCAM | $63,000 |
| 1907 $10 Gold Indian Wire Rim | NGC MS65+ | $63,000 |
| 1861 $20 Gold | PCGS MS65+ CAC | $84,000 |
| 1871 CC $20 Gold | NGC AU58 | $72,000 |
| 1895 $20 Gold | NGC PR67 UCAM | $234,000 |
| 1907 $20 Gold High Relief | NGC PR67+ | $168,000 |
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After showing a month of strength the metals have suddenly begun to fall, and could be headed lower according to more than one analyst. In morning trading Gold was nearing $1,700 but has rebounded to the current $1,728 level. The metals have been rather sensitive to world events, another consideration for buyers and sellers before making their buy/sell decisions. Silver was nearing $18.50 two weeks ago but has since dropped to $17.45. Keep a close watch on these markets.
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