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NumisMedia Weekly Market Report
Market Active at Lower Price Levels
January 22, 2024
While there appears to be plenty of money available in the coin market for the right coins, buyers are still being very selective, much like 2023 ended. The number of buyers looking for specific coins based on their rarity has dwindled over the last year thus causing much of the discounting today. As we mentioned, the FUN Convention was quite busy, but trading levels continue to be anywhere from 10% to 20% lower than reported values. Adjustments to the downside are the norm for now, at least until more buyers enter the market and create additional competition.
The Heritage Auctions FUN Sale offered a lengthy list of rarities that are seldom seen in the marketplace. Included were numerous Prooflike and Deep Mirror Prooflike Morgan Dollars, many of which are the highest certified for the grade. The prices realized have created value advances for most of these issues. Besides the Morgans, there was a nice variety of coins for buyers to choose from, including the two presentation coins below; also listed are some other highlighted results from this Heritage FUN Auction.
1868 $10 Gold Pattern certified by PCGS PR66 Cameo
The 1868 Judd-661 $10 Gold Pattern is extremely rare with just four known examples. This PCGS PR66 Cameo is the highest certified of the existing coins and it realized $930,000 in this sale. It came by the way of the King Farouk Collection and went unsold at auction in 1954. One of the four known coins is housed in the Connecticut State Library, so there are only three collectible. None of the three had appeared at auction since 2007 when the PCGS PR65+ Deep Cameo was offered at the FUN Heritage Sale.
1868 $10 Gold Pattern PCGS PR66 Cameo sold for $930,000 at Heritage Auctions FUN U.S. Coins Signature Auction in Dallas, Texas, January 10-14, 2024
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1855 Kellogg & Co. $50 Gold certified by PCGS PR64 Cameo
Like the Pattern above, the 1855 Kellogg & Co. $50 Gold is quite the rarity; all Kellogg $50 Gold coins were struck in Proof. They were originally intended to be presentation pieces for influential businesspeople at the time. There is no record of how many were minted although it is estimated that no more than twenty were produced. The PCGS PR64 Cameo in this sale is the finest known although NGC has a like graded coin in their Pop report. The final hammer for this PCGS coin hit at $1,260,000 in this Heritage FUN sale; its pedigree includes Humbert and Garrett.
1855 Kellogg & Co. $50 Gold PCGS PR64 Cameo sold for $1,260,000 at Heritage Auctions FUN U.S. Coins Signature Auction in Dallas, Texas, January 10-14, 2024
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| Date/Denomination | Grade | Price Realized |
| 1796 Half Cent with Pole | PCGS VF30 | $48,000 |
| 1793 Large Cent Chain AMERI. | PCGS VF30 | $48,000 |
| 1793 Large Cent Chain AMERICA | PCGS AU53 | $49,200 |
| 1793 Large Cent Liberty Cap | PCGS VF20 CAC | $51,600 |
| 1922 Lincoln Cent No D | PCGS MS64 RB CAC | $72,000 |
| 1924 S Buffalo Nickel | PCGS MS66 | $45,600 |
| 1792 Half Disme | NGC MS62 | $210,000 |
| 1875 Twenty Cent | PCGS MS66 CAC | $57,600 |
| 1796 Draped Bust Quarter | PCGS AU58 CAC | $156,000 |
| 1901 S Barber Quarter | PCGS MS64 | $60,000 |
| 1918/7 S Standing Liberty Quarter | NGC MS66 | $93,000 |
| 1795 Flowing Hair Half Dollar Two Leaves | PCGS MS62 CAC | $102,000 |
| 1795 Flowing Hair Half Dollar Two Leaves | NGC MS65 | $192,000 |
| 1921 D Walking Liberty Half Dollar | PCGS MS65+ CAC | $46,800 |
| 1794 Flowing Hair Dollar | PCGS F12 CAC | $216,000 |
| 1795 Flowing Hair Dollar Three Leaves | PCGS AU58 CAC | $87,000 |
| 1800 Draped Bust Dollar Dotted Date | NGC MS65 | $99,000 |
| 1880 Morgan Dollar | PCGS PR69 CAM | $204,000 |
| 1881 CC Morgan Dollar | PCGS MS67+ DMPL CAC | $228,000 |
| 1883 S Morgan Dollar | PCGS MS64 DMPL | $120,000 |
| 1884 S Morgan Dollar | PCGS MS63+ CAC | $78,000 |
| 1889 CC Morgan Dollar | PCGS MS64 DMPL CAC | $228,000 |
| 1890 CC Morgan Dollar | PCGS MS66 DMPL | $78,000 |
| 1892 S Morgan Dollar | PCGS MS63 | $93,000 |
| 1892 S Morgan Dollar | PCGS MS61 DMPL | $99,000 |
| 1893 CC Morgan Dollar | PCGS MS65 | $102,000 |
| 1893 S Morgan Dollar | PCGS MS63 CAC | $444,000 |
| 1934 S Peace Dollar | PCGS MS66+ CAC | $55,200 |
| 1853 $1 Gold | PCGS MS69 CAC | $264,000 |
| 1804 $2.5 Gold 14 Stars | PCGS MS63 | $114,000 |
| 1864 $2.5 Gold | PCGS PR66+ DCAM CAC | $90,000 |
| 1863 $3 Gold | PCGS PR65 DCAM | $84,000 |
| 1879 $4 Gold Stella Flowing Hair | PCGS PR50 CAC | $93,000 |
| 1795 $5 Gold Small Eagle | NGC MS62 | $132,000 |
| 1811 $5 Gold Tall 5 | PCGS MS65 | $93,000 |
| 1864 $5 Gold | PCGS PR65 DCAM CAC | $192,000 |
| 1929 $5 Gold Indian | PCGS MS65 | $81,000 |
| 1864 S $10 Gold | PCGS VF30 CAC | $84,000 |
| 1912 $10 Gold Indian | PCGS PR66 | $126,000 |
| 1906 $20 Gold | NGC PR66 | $264,000 |
| 1907 $20 Gold St Gaudens High Relief | NGC MS66 | $144,000 |
| 1908 S $20 Gold St Gaudens | PCGS MS67 CAC | $312,000 |
| 1915 S $50 Gold Pan-Pac Round | NGC MS66 | $204,000 |
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1918/7 S Standing Liberty Quarter NGC MS66 sold for $93,000 at Heritage Auctions FUN U.S. Coins Signature Auction in Dallas, Texas, January 10-14, 2024
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1901 S Barber Quarter PCGS MS64 sold for $60,000 at Heritage Auctions FUN U.S. Coins Signature Auction in Dallas, Texas, January 10-14, 2024
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1880 Morgan Dollar PCGS PR69 CAM sold for $204,000 at Heritage Auctions FUN U.S. Coins Signature Auction in Dallas, Texas, January 10-14, 2024
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1881 CC Morgan Dollar PCGS MS67+ DMPL CAC sold for $228,000 at Heritage Auctions FUN U.S. Coins Signature Auction in Dallas, Texas, January 10-14, 2024
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1889 CC Morgan Dollar PCGS MS64 DMPL CAC sold for $228,000 at Heritage Auctions FUN U.S. Coins Signature Auction in Dallas, Texas, January 10-14, 2024
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1893 CC Morgan Dollar PCGS MS65 sold for $102,000 at Heritage Auctions FUN U.S. Coins Signature Auction in Dallas, Texas, January 10-14, 2024
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1853 $1 Gold PCGS MS69 CAC sold for $264,000 at Heritage Auctions FUN U.S. Coins Signature Auction in Dallas, Texas, January 10-14, 2024
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1804 $2.5 Gold 14 Stars PCGS MS63 sold for $114,000 at Heritage Auctions FUN U.S. Coins Signature Auction in Dallas, Texas, January 10-14, 2024
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1864 $5 Gold PCGS PR65 DCAM CAC sold for $192,000 at Heritage Auctions FUN U.S. Coins Signature Auction in Dallas, Texas, January 10-14, 2024
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1912 $10 Gold Indian PCGS PR66 sold for $126,000 at Heritage Auctions FUN U.S. Coins Signature Auction in Dallas, Texas, January 10-14, 2024
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1906 $20 Gold NGC PR66 sold for $264,000 at Heritage Auctions FUN U.S. Coins Signature Auction in Dallas, Texas, January 10-14, 2024
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1908 S $20 Gold St Gaudens PCGS MS67 CAC sold for $312,000 at Heritage Auctions FUN U.S. Coins Signature Auction in Dallas, Texas, January 10-14, 2024
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