|
NumisMedia Weekly Market Report
Dealers Active in Long Beach as Metals Cooperate
September 11, 2017
Even with many East Coast dealers either staying home or leaving early because of the hurricanes, dealers in attendance at the Long Beach Expo had better than expected sales as metals held up and the overall show was generally positive.
While we continue to find declines in some areas where inventories are substantial, there are several series that have solidified over the past few weeks. Morgan Dollars are a good example where much of the declines have been a result of excess inventory and coins that are really low-end for the grade are being discounted. Many of these coins were regraded to their highest level and now appear to many dealers like they are slightly over graded.
There are several dealers in the market for slightly better Morgan Dollars in MS64 and MS65, but the low-end coins for these grades will not work. The following dates are wanted in quantities; the 1878 S, 1883, 1888, 1896, 1898 O, 1899 O, and 1901 O. In some cases, values have fallen to common date prices and these dealers are willing to pay more for them.
Heritage Auctions hosted the Long Beach Expo sale and there were several highlights to report. One of just 10 known, a 1795 Reeded Edge Large Cent was sold for $192,000. What is most interesting is that this coin is very low grade, PCGS certified it as genuine. Just shows that a rare coin is still a rare coin and there are strong buyers for rarity.
1795 Reeded Edge Large Cent PCGS 'Genuine' sold for $192,000 at the Heritage Auctions Long Beach Expo U.S. Coins Signature Auction in Long Beach, California, September 7-10, 2017
|
Another highlight was the 1829 Small Date $5 Gold certified by NGC as Improperly Cleaned AU; it brought $120,000. The first value listed in the NumisMedia Dealer Price Guide has a Market value of $275,000 in MS60.
The 1792 P Copper Disme in PCGS AU50 sold for $180,000; this is one of only 19 known examples. Below are some other rarities that sold in the Heritage Auctions sale this past week.
Date/Denomination | Grade | Price Realized |
1793 Large Cent Liberty Cap | NGC VG10 | $102,000 |
1969 S Lincoln Cent DDO | PCGS MS61 BN | $27,600 |
1821 Capped Bust Quarter | NGC MS65 CAC | $30,600 |
1918 D Standing Liberty Quarter | PCGS MS67 FH | $40,800 |
1794 Flowing Hair Half Dollar | NGC XF40 | $26,400 |
1904 S Barber Half | PCGS MS64 CAC | $19,800 |
1921 D Walking Liberty Half | PCGS MS64+ CAC | $19,200 |
1873 CC Trade Dollar | PCGS MS63 | $21,000 |
1807 $5 Gold Bust Right | NGC MS64 | $33,600 |
1899 $5 Gold | NGC PR65 UCam | $28,800 |
1795 $10 Gold Capped Bust 13 Leaves | NGC AU55 | $66,000 |
1908 D $10 Gold Indian No Motto | NGC MS66 | $50,400 |
1861 O $20 Gold | PCGS AU50 | $48,000 |
1881 S $20 Gold | NGC MS63 CAC | $23,400 |
1907 $20 Gold St. Gaudens High Relief | PCGS MS65 | $48,000 |
1925 S $20 Gold St. Gaudens | PCGS MS63 | $13,200 |
|
|
|
|
|
|
NumisMedia Weekly Dealer Price Guides
Weekly and Online Wholesale Prices
NumisMedia presents Wholesale Dealer Prices representing dealer trading levels for properly graded sight-seen coins.
Subscribers to the Dealer Price Guides will receive our Weekly Wholesale Market Dealer Price Guides and access to all of our Online and Mobile Price Guides: Market, FMV, PCGS, NGC, CAC, & Plus +.
Our Weekly NumisMedia Wholesale Market Dealer Price Guide package of 52 issues a year includes:
The Classic HD has grades from Fine through MS68 in every U.S. series in the higher denominations: Halves, Dollars, Gold, and Commemoratives.
The Classic LD has grades from Fine through MS68 in every U.S. series in the lower denominations: Half Cents through Quarters.
The Moderns Edition has grades from AU50 through MS70 in every Modern series.
|
NumisMedia Weekly Extra
Weekly PDF Publication
Now included for all NumisMedia Dealer Subscribers and Members, the NumisMedia Weekly Extra Wholesale Dealer Prices, in PDF format only.
This comprehensive look into the coin market is our most complete publication yet, and it's got everything dealers have been asking for.
This easiest way to get your copy of the new Weekly Extra is with an Online-Only Dealer Subscription, for as little as $20/month.
All NumisMedia Dealer Subscribers and Members will receive the Weekly Extra, in PDF format, every Wednesday, via email, or download from numismedia.com/extra after post.
|
|
|