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NumisMedia Monthly


Our monthly article
detailing specific areas
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collectors, and investors
of United States Rare Coins

May 2014

Rare Private & Territorials Lead Heritage Central States Auction

     The coin market is blazing hot for better date and rare coins. Of course, this has been clear for the last couple of years with the sale of thousands of rarities at major auctions and coin shows. For proof, just take a look at the recent Heritage Auctions Signature Sale at Central States which included a splendid Platinum Night. Below is a partial list of highlights with prices realized. Please contact Heritage Auctions for more information.

Date/DenominationGradePrice Realized
1794 Half CentPCGS MS63 BN CAC$88,125
1793 Wreath Cent Vine & BarsPCGS MS65 BN$258,500
1794 Large Cent Head of 1794PCGS MS66 BN CAC$117,642
1875 CC Twenty CentPCGS MS66 CAC$47,000
1919 S Standing Liberty QuarterPCGS MS67 FH CAC$258,500
1838 Bust Half DollarPCGS PR64$129,250
1893 S Morgan DollarNGC MS65$329,000
1821 $5 GoldNGC AU55$141,000
1830 $5 GoldNGC PR63$229,125
1796 $10 Gold NGC MS62$164,500
1798/7 $10 Gold 9x4 StarsPCGS MS62$175,250
1854 O $20 GoldPCGS AU55$440,625
1861 S $20 Gold PaquetPCGS AU58$223,250
1862 $20 GoldNGC PR65 Cameo$381,875
1865 $20 GoldNGC PR66 Ultra Cameo$440,625
1870 CC $20 GoldPCGS AU50$305,500
1881 $20 GoldPCGS MS61$152,750
1915 S $50 Gold Pan-Pac OctNGC MS67$282,000

     One of the more exciting coins in this sale was the 1875 $5 Gold in AU55 graded by NGC. This coin sold for $211,500. There are three coins total certified in AU55, all NGC, with none higher. The last coin traded (that we are aware of) in 2010 at a Bowers & Merena Auction for $149,500. When a rare coin like this is available so infrequently, the listed FMV can remain flat for years. But when one coin becomes available, it has the potential of influencing the value of not only that specific grade but the grades on either side of it.

     Not only did this sale include many classic rarities, it also contained numerous Private and Territorial Gold coins which you do not see in very many auctions. The rarity of these coins is usually not perfectly defined in that the number of coins produced is unknown, and even the number of coins accounted for is a best guess. As such, most of these coins have extremely low populations, and especially so in the mint state grades. The list below contains just some of the numerous lots from the Heritage Sale.

Date/DenominationGradePrice Realized
1849 $5 Gold Pacific CompanyPCGS AU58$763,750
1849 $10 Gold MormonNGC AU58$705,000
1849 $20 Gold MormonNGC MS62$558,125
1849 $10 Gold Oregon Exchange Co.PCGS AU55$340,750
1850 $10 Gold Dubosq & Co.NGC MS60$329,000
1850 $10 Gold BaldwinPCGS MS61$381,875
1851 $20 Gold BaldwinPCGS XF45$646,250
1851 $50 Gold LE Humbert 880 Thous.NGC MS63 CAC$352,500
1852 $50 Gold Assay Office 900 Thous.PCGS MS64 CAC$411,250
1855 $50 Gold Kellogg & Co. PCGS PR64 Cameo$763,750

     As you can see from the list above, there were many coins that brought hundreds of thousands of dollars. There were over 50 lots that brought six figures, over 1,300 coins with the CAC sticker, and over 500 coins with the + designation. Buyers are putting their money into the best possible investments available in today’s market. So, is the coin market sizzling? You bet it is.

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