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NumisMedia
Monthly
Our monthly article
detailing specific areas
of numismatics for dealers,
collectors, and investors
of United States Rare Coins
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January 2015
Rarities Ringing in the New Year
With the metals market lacking any real energy and common collector coin demand declining due to the economy, most numismatists will want to forget this past year rather quickly. Many dealers reported having a very good year while countless others just managed to get through it. However, with the New Year comes the hope of a much stronger market. The FUN Show in Orlando will attract thousands of dealers and collectors as 2015 begins. The FUN Show Committee will surely once again make this a showcase event, and for many collectors it is typically their favorite and most successful show of the year.
Heritage Auctions will host the Official FUN Auction and present a myriad of coins that collectors will find most interesting. The following list contains just a small portion of the many outstanding coins in this sale, along with the current FMV and the combined total PCGS and NGC population for the grade.
| Date/Denomination | Grade | Current
FMV | Pop |
| 1793 Large Cent Chain America | PCGS MS66 BN CAC | N/A | 1 |
| 1864 Two Cent Small Motto | PCGS PR66 Red | $115,050 | 1 |
| 1796 Draped Bust Quarter | PCGS XF45 | $51,500 | 19 |
| 1827/3 Bust Quarter Original | PCGS PR63 | $150,000 | 1 |
| 1916 Standing Liberty Quarter | PCGS MS67 FH | $123,130 | 7 |
| 1874 CC Seated Half | PCGS MS64 CAC | $58,130 | 6 |
| 1852 Seated Dollar | PCGS MS63 CAC | $73,130 | 3 |
| 1870 S Seated Dollar | NGC XF40 | $762,500 | 3 |
| 1884 S Morgan Dollar | PCGS MS64 CAC | $128,130 | 23 |
| 1796 $2 ½ Gold Stars | NGC AU58 | $168,750 | 12 |
| 1795 $5 Gold Small Eagle | NGC MS66* | N/A | 1 |
| 1826 $5 Gold | PCGS MS66 CAC | $507,000 | 2 |
| 1929 $5 Gold Indian | PCGS MS64+ CAC | $77,630 | 181 |
| 1795 $10 Gold 13 Leaves | NGC MS61 | $136,500 | 31 |
| 1798/7 $10 Gold 9x4 Stars | PCGS MS61 | $143,000 | 8 |
| 1907 $10 Gold Indian Rolled Edge | PCGS MS62 CAC | $91,880 | 3 |
| 1858 O $20 Gold | NGC MS63 | N/A | 1 |
| 1867 $20 Gold | PCGS PR64 DCam CAC | $168,750 | 1 |
| 1871 CC $20 Gold | PCGS AU53 CAC | $51,880 | 39 |
| 1907 $20 Gold Ultra High Relief | PCGS PR68 | $3,250,000 | 7 |
| 1915 S $50 Gold Pan-Pac Oct | NGC MS67 | $312,500 | 4 |
What makes many of these coins more attractive to potential buyers is the fact that they have very few, if any, coins grading higher. For example, the 1907 $20 Gold Saint Gaudens Ultra High Relief Inverted Edge Letters with “ASG” on the edge shows only 13 coins total certified by PCGS And NGC. This PR68 has been off the market since the early 1970’s. There is only one grading higher at PR69 and it must be a magnificent coin because the present offering is absolutely lovely.
While the 1871 CC $20 Gold in PCGS AU53 may have a large supply of coins available for the grade, it is a well-known and popular rarity from the Carson City Mint, and this one comes with the CAC sticker. With only 17,387 originally minted, there are only seven coins certified in Mint State by both services and the highest graded is MS64. This date has seen lots of upward movement over the last several years as seen in the graph below.
The population reports for PCGS and NGC have made a major difference in how collectors acquire coins, making it easier to track the number of coins certified in specific grades. Collectors are using these population reports to find coins that are truly rare in today’s market. Common coins that are available in quantities will show a higher population, and where the populations for the grade begin to drop off determine true rarity.
The results from Heritage Auctions first sale of 2015 should have far-reaching effects on the FMV for the rest of the year, and the softness that ended 2014 for more common coins will surely be overlooked with another successful FUN Show.
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