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NumisMedia Weekly Market Report
FUN Show Canceled; Brasher Doubloon & Heritage Sale Move to Dallas
January 11, 2021
A new year has arrived but with much less fanfare than usual. With the FUN Show canceled, a continuing theme in our industry, Heritage Auctions moved the FUN Sale to their Dallas headquarters, and changed the date to January 20-24. It is truly a shame that the FUN Show could not be held this year because the added interest and excitement created would have been tremendous. With the number of ultra-rarities in this sale, we are sure that the bidding will still be extremely active and very competitive. And what a sale this is certain to be with the 'world's most famous coin' headlining.
1787 Brasher Doubloon New York Style with EB on wing certified by NGC MS65* and CAC
This is the finest known coin of the seven known Brasher Doubloons. The Brasher Doubloon has been featured in many movies because of its great historic relevance. The coin was designed by Ephraim Brasher in 1787 with 90% gold, 6.4% silver, 3% copper and some trace elements making up the difference. The first traceable owner of this particular coin was Matthew Adams Stickney who began collecting around 1820, and acquired this coin in 1848. Since that time, the coin has been traced to some super star collectors such as Ellsworth, Garrett, and Partrick. Over the last ten years, Brasher Doubloons in various grades have sold ranging from $4 million to $7.5 million. This coin should command a historic price.
1787 Brasher Doubloon New York Style, EB on wing, NGC MS65* CAC is available at Heritage Auctions FUN U.S. Coins Signature Sale in Dallas, Texas, January 20-24, 2021
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1804 $10 Gold Draped Bust Plain 4 certified by PCGS PR65+ Deep Cameo and CAC
An extreme rarity with just three coins known and this one is the finest recognized by either grading service. The original mintage of just four coins were presentation pieces. One coin was returned to the State Department around 1835, and today, its whereabouts are unknown. Another is on display at the ANA headquarters in Colorado Springs courtesy of the Harry W. Bass Core Collection. A third coin is currently housed in the Tyrant Collection certified as PCGS PR64. Thus, this coin is the only one available and likely to bring a record price.
1804 $10 Gold Draped Bust Plain 4 PCGS PR65+ Deep Cameo CAC is available at Heritage Auctions FUN U.S. Coins Signature Sale in Dallas, Texas, January 20-24, 2021
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1885 Trade Dollar certified by PCGS PR63+ Cameo and CAC
The 1885 Trade Dollar is a true rarity with just five coins originally minted. All are privately owned so this may be a one-time opportunity for dealers and collectors to view this date; and this one is a visually stunning specimen. The latest reported sale of this date was in a March 2020 Stack's Bowers auction when the PCGS PR64 sold for $1,320,000. Below are just a few of the many potential highlights from the Heritage FUN Sale.
1885 Trade Dollar PCGS PR63+ Cameo CAC is available at Heritage Auctions FUN U.S. Coins Signature Sale in Dallas, Texas, January 20-24, 2021
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Date/Denomination | Grade | Current Value |
1793 Half Cent Liberty Cap | PCGS MS65 CAC | $350,000 |
1796 Half Cent No Pole | PCGS MS67 RB | N/A |
1811 Half Cent Wide Date | PCGS MS66 RB CAC | N/A |
1811 Large Cent Classic Head | PCGS MS65 RD CAC | N/A |
1943 D Lincoln Cent on Bronze Planchet | PCGS MS64 BN | $1,750,000 |
1794 Flowing Hair Half Dime | PCGS MS66 CAC | $113,000 |
1796 Draped Bust Dime | PCGS MS66+ CAC | $240,000 |
1796 Draped Bust Quarter | NGC MS65 | $370,500 |
1794 Flowing Hair Half Dollar | PCGS MS64+ CAC | $750,000 |
1866 S Seated Half Dollar No Motto | PCGS MS67+ CAC | $179,000 |
1795 Flowing Hair Dollar Three Leaves | PCGS MS64+ CAC | $350,000 |
1921 S Morgan Dollar | PCGS SP65+ CAC | N/A |
1922 Peace Dollar Matte | PCGS PR64 CAC | $122,000 |
1796 $2.5 Gold Stars | PCGS MS65 CAC | $1,510,000 |
1875 $5 Gold | NGC AU50 | $150,000 |
1838 $10 Gold No Motto | PCGS PR65 CAM CAC | N/A |
1921 $20 Gold St Gaudens | PCGS MS62 | $118,130 |
1915 S $50 Gold Pan-Pac Round | NGC MS66 | $237,500 |
1915 S $50 Gold Pan-Pac Octagonal | NGC MS65 | $164,380 |
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Despite the metals falling dramatically this past week (after beginning the year hot), there remains a lot of confidence in the coin market. There seems to be an almost equal amount of buys and sells for bullion related U.S. Gold coins. There are still several programs for Silver Dollars with lots of buyers making consistent markets.
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