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NumisMedia Weekly Market Report
PCGS and Legend Combine for Last Event of the Year
December 11, 2023
Keep an eye on the metals as they have been quite volatile over the last few weeks. Gold broke its all-time high recently, over $2,100, only to fall back under the $2,000 mark in morning trading today. Premiums have been reduced on all products as demand has fallen off while buyers continue to wait out the current soft market. Dealers are expecting that the New Year will bring a change in attitude.
PCGS held their final Members Only Show of the year in Las Vegas last week. This is an event where PCGS dealers can have coins certified on-site as well as trade among other dealers, and Legend Rare Coin Auctions hosted their Regency Auction 62. This sale may not have had all the fanfare and the top rarities, but the bidding activity showed that there are still plenty of buyers willing to pay top dollar for the highest quality coins of a specific date. High quality and superb eye-appeal still attracts extremely competitive bidding.
Noteworthy in this sale was the number of rare date DMPL Carson City Morgan Dollars. Prooflike and Deep Mirror Prooflike Morgans have been popular with collectors for many decades. The size of the coin and the depth of the mirrors can be entrancing to the eye, but the bag marks tend to be more revealing as the mirror depth increases. In the higher grades, the bag marks are fewer and eye-appeal is enhanced. Below are a few examples of the DMPL Morgan Dollars sold in this sale and be sure to check out the prices realized for all the Carson City Dollars as well as the rest of Regency Auction 62 at the Legend website.
1892 CC Morgan Dollar certified by PCGS MS65 DMPL
This 1892 CC Morgan Dollar in Deep Mirror Prooflike is one of the finest known for the date with only one finer at PCGS MS65+. This PCGS MS65 sold for $85,187.50 in this sale which is the highest auction price for the date and grade. It is deeply toned but contrasts extremely well and the frost on Miss Liberty is dramatic in comparison to the field. The current FMV for this grade is $43,560 so it will be updated appropriately.
1892 CC Morgan Dollar PCGS MS65 DMPL sold for $85,187.50 in Legend Regency Auction 62 at the Park MGM in Las Vegas, Nevada, December 7, 2023
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1893 CC Morgan Dollar certified by PCGS MS64 DMPL
The 1893 CC is more rare than the 1892 CC with about half as many originally minted; in DMPL, there are far fewer 1893 CC Morgans than the 1892 CC. This MS64 DMPL is the highest certified by PCGS although there is one coin certified by NGC as MS65 which sold in a 2007 Goldberg Sale for $83,375. This PCGS MS64 DMPL just sold for $79,312.50; the current FMV for this grade is $53,440 and will be updated as well.
1893 CC Morgan Dollar PCGS MS64 DMPL sold for $79,312.50 in Legend Regency Auction 62 at the Park MGM in Las Vegas, Nevada, December 7, 2023
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| Date/Denomination | Grade | Price Realized |
| 1838 Large Cent | PCGS PR64 BN CAC | $22,325 |
| 1912 Lincoln Cent | PCGS PR65 RED CAC | $7,050 |
| 1863 Three Cent Silver | PCGS MS66+ CAC | $9,106 |
| 1903 Liberty Nickel | PCGS MS67+ CAC | $12,338 |
| 1916 Buffalo Nickel | PCGS PR67 CAC | $9,400 |
| 1934 D Buffalo Nickel | PCGS MS66+ CAC | $17,038 |
| 1831 Half Dime | PCGS MS67 CAC | $12,338 |
| 1830/29 Bust Dime | PCGS MS65 CAC | $11,456 |
| 1821 Bust Quarter | CACG MS65 CAC | $41,125 |
| 1837 Bust Half Reeded Edge | PCGS MS65+ | $29,375 |
| 1795 Flowing Hair Dollar Silver Plug | PCGS VF30 | $24,675 |
| 1879 Trade Dollar | PCGS PR66+ CAM CAC | $23,500 |
| 1879 CC Morgan Dollar | PCGS MS65 DMPL | $76,375 |
| 1879 CC Morgan Dollar Capped Die | PCGS MS64 DMPL | $67,563 |
| 1891 CC Morgan Dollar | CACG MS64+ DMPL CAC | $19,388 |
| 1934 S Peace Dollar | PCGS MS66 CAC | $44,650 |
| 1871 $2.5 Gold | PCGS MS64 CAC | $17,625 |
| 1804 $5 Gold Small 8 | PCGS MS61 CAC | $25,850 |
| 1856 $5 Gold | PCGS MS64+ CAC | $23,500 |
| 1857 S $5 Gold | PCGS MS64 | $25,850 |
| 1910 S $5 Gold Indian | PCGS MS64 CAC | $32,900 |
| 1869 $10 Gold | PCGS AU55 CAC | $21,150 |
| 1910 $10 Gold Indian | PCGS MS66+ | $39,950 |
| 1914 S $10 Gold Indian | PCGS MS65 | $36,425 |
| 1858 S $20 Gold | PCGS MS62 CAC | $37,600 |
| 1926 S $20 Gold St Gaudens | PCGS MS65 CAC | $38,775 |
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1838 Large Cent PCGS PR64 BN CAC sold for $22,325 in Legend Regency Auction 62 at the Park MGM in Las Vegas, Nevada, December 7, 2023
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1903 Liberty Nickel PCGS MS67+ CAC sold for $12,338 in Legend Regency Auction 62 at the Park MGM in Las Vegas, Nevada, December 7, 2023
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1934 D Buffalo Nickel PCGS MS66+ CAC sold for $17,038 in Legend Regency Auction 62 at the Park MGM in Las Vegas, Nevada, December 7, 2023
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1831 Half Dime PCGS MS67 CAC sold for $12,338 in Legend Regency Auction 62 at the Park MGM in Las Vegas, Nevada, December 7, 2023
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1821 Bust Quarter CACG MS65 CAC sold for $41,125 in Legend Regency Auction 62 at the Park MGM in Las Vegas, Nevada, December 7, 2023
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1879 Trade Dollar PCGS PR66+ CAM CAC sold for $23,500 in Legend Regency Auction 62 at the Park MGM in Las Vegas, Nevada, December 7, 2023
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1879 CC Morgan Dollar PCGS MS65 DMPL sold for $76,375 in Legend Regency Auction 62 at the Park MGM in Las Vegas, Nevada, December 7, 2023
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1910 $10 Gold Indian PCGS MS66+ sold for $39,950 in Legend Regency Auction 62 at the Park MGM in Las Vegas, Nevada, December 7, 2023
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