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NumisMedia Weekly Market Report
Highlights from Legend's Regency Auction 40
September 7, 2020
As the official auctioneer of the PCGS Members Only Show, Legend Rare Coin Auctions recently concluded their Regency Auction 40 at the Bellagio in Las Vegas, August 27th. While this sale did not contain many high valued rarities, there were plenty of top quality rare coins that attracted some very aggressive bidding, including a variety of notable CAC approved coins.
1837 Large Cent, Medium Letters, certified by PCGS MS65+ Red CAC
This exceptional coin has amazing color and it brought $42,300. This is the highest graded coin for the date; the next highest graded is the MS64 Red from the Twin Leaf Collection.
1837 Large Cent, Medium Letters, PCGS MS65+ Red CAC sold for $42,300 at the Legend Rare Coin Auctions Regency 40 Sale, Webcast, August 27, 2020
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1900 Morgan Dollar certified by PCGS MS65 DMPL CAC
This is the finest known coin for the date and it sold for $52,875. Most of the DMPL coins in this date have somewhat dull surfaces, this coin has amazing cameo contrast and, to the DMPL specialist, is a sight to behold.
1900 Morgan Dollar PCGS MS65 DMPL CAC sold for $52,875 at the Legend Rare Coin Auctions Regency 40 Sale, Webcast, August 27, 2020
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1911 D $2.5 Gold Indian certified by PCGS MS65 CAC
The 1911 D is the key date in this series, this one realized $64,625. While there are 10 coins that grade higher, it would be difficult to find one with nicer surfaces. Below are some other highlights from Legend's Regency Auction 40.
1911 D $2.5 Gold Indian PCGS MS65 CAC sold for $64,625 at the Legend Rare Coin Auctions Regency 40 Sale, Webcast, August 27, 2020
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| Date/Denomination | Grade | Price Realized |
| 1861 Indian Cent | PCGS PR66+ CAM CAC | $55,813 |
| 1870 Indian Cent | PCGS MS66+ RD CAC | $23,500 |
| 1909 Lincoln Cent Matte | PCGS PR67 RD CAC | $12,925 |
| 1922 Lincoln Cent No D Strong | PCGS MS64 BN CAC | $47,000 |
| 1923 S Lincoln Cent | PCGS MS65+ RD | $58,750 |
| 1873 Two Cent Open 3 | PCGS PR66 RB CAC | $13,513 |
| 1854 Three Cent Silver | PCGS MS67 | $15,275 |
| 1903 Liberty Nickel | PCGS PR68 CAM | $18,800 |
| 1916/16 Buffalo Nickel | NGC AU55 | $21,738 |
| 1837 Half Dime No Stars Large Date | PCGS MS67 | $13,513 |
| 1874 Seated Dime with Arrows | PCGS PR67 | $15,275 |
| 1926 S Mercury Dime | PCGS MS66+ FB | $21,150 |
| 1911 Barber Quarter | NGC PR69 CAM | $23,500 |
| 1927 S Standing Liberty Quarter | PCGS MS65 | $12,338 |
| 1920 S Walking Liberty Half | PCGS MS66 | $38,775 |
| 1963 Franklin Half Dollar | NGC MS66 FBL | $15,275 |
| 1872 Seated Dollar | NGC PR66 UCAM | $23,500 |
| 1885 CC Morgan Dollar | PCGS MS66 DMPL CAC | $13,513 |
| 1892 O Morgan Dollar | NGC MS66 | $15,863 |
| 1850 $1 Gold | PCGS MS66 CAC | $13,513 |
| 1892 $2.5 Gold | PCGS PR66 DCAM | $27,025 |
| 1878 $3 Gold | PCGS MS67+ | $58,750 |
| 1883 CC $20 Gold | PCGS MS62 CAC | $25,850 |
| 1915 S $20 Gold St. Gaudens | PCGS MS66+ CAC | $52,875 |
| 1915 S $50 Gold Pan-Pac Octagonal | PCGS MS64+ CAC | $99,875 |
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Back in June, Gold was about $1,740 and Silver was around $18. Today, Gold is at $1,930, higher by almost $200, but Silver is up nearly 50% at $26.90. These markedly higher prices have spurred not only the bullion market but the rest of the coin market as well. This is especially so for the ever popular Morgan Dollars. There are hundreds of dealers buying into this market and prices have been jumping week after week. Currently, MS65 Morgan Dollars are wholesaling at $125 to $135.
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