NumisMedia

NumisMedia Article Archives

Informative and educational articles from some of the hobby's leading numismatists

NUMISMEDIA IS SPONSORED BY
ICTA

Back to the NumisMedia Home Page



NumisMedia Monthly
NumisMedia Monthly


Our monthly article detailing specific areas

of numismatics for dealers, collectors, and

investors of United States Rare Coins




August 2015

Extreme Rarities, Extreme Prices

     The upcoming ANA World’s Fair of Money will have two official auctions, one hosted by Heritage Auctions and the other by Stack’s Bowers Galleries. These two sales will feature hundreds of quality coins that will definitely bring some intense competition. Of course, there will be some that stand out above the rest because of their quality and rarity. Below we have listed a few of the rarities from these two extraordinary sales that should attract some very aggressive bidding.

Heritage Auctions
 
Date/Denomination
 
Grade
Current
FMV
1793 Wreath Cent Vine & BarsPCGS MS66 RB CACN/A
1792 Half DismePCGS MS65N/A
1838 O Bust Half Reeded EdgePCGS SP50$300,000
1849 C $1 Gold Open WreathPCGS MS62$662,500
1879 $4 Gold Flowing HairPCGS PR65 Cameo CAC$250,000
1861 $20 GoldNGC PR63 CameoN/A
 
Stack’s Bowers Galleries
 
Date/Denomination
 
Grade
Current
FMV
1807/6 Draped Bust Cent Large 7PCGS MS66 Red CACN/A
1864 L Indian CentPCGS PR65 RB $131,250
1828 Capped Bust QuarterPCGS PR65$91,880
1839 O Reeded Edge Half DollarPCGS SP62N/A
1797 $5 Gold Capped Bust 15 StarsPCGS AU58$175,000

     All of the coins listed above are extremely rare as evidenced by their current FMV or their lack of an FMV price because of past unavailability. The majority of these coins have a population of five or less in the listed grade; six of them have just one certified and three of those have none grading higher. The only exception is the 1879 $4 Gold Flowing Hair which shows a population of 28 in PR65 Cameo with 42 grading higher. Yet this coin had an original mintage of just 425 coins and all $4 Gold Stellas are considered rare. This particular coin has the CAC sticker as well.

     Not only are many of these coins infrequently available at auction, they may not be available again for decades, and competition between long-term collectors should be fierce. Additionally, quite a few of the true rarities in these two auctions have the CAC approval, a confidence boost that typically creates an extra premium, and will no doubt lead to advances in FMV.

     Identifying extremely rare coins may not be all that difficult. Mintage totals and population reports are important tools used by collectors to determine rarity. The problem is that these extremely rare coins are not always available and, as we have seen in past major auctions, when an extreme rarity does hit the market, competition usually drives prices to extreme levels.

     Graphed below is the recent price history for the 1876 CC Twenty Cent in the upper most grades of MS64, MS65 and MS66. While there may not be one in the two upcoming major sales, it is a coin that always attracts specialty buyers and is a good example of a coin that is not frequently available. From the beginning of 2012 through today, there has been a steady increase in the FMV for all three grades.

FMV Graph - Twenty Cents 1876 CC MS64 MS65 MS66

     The 1876 CC Twenty Cent is extremely rare with just 10,000 coins minted, but most of them were melted and never released. Between PCGS and NGC, there are only 23 coins certified in all grades. There are eight in MS64, seven in MS65, and only two in MS66, both by PCGS. Since the beginning of 2009, only three Mint State coins have traded in auctions according to CoinPlex: an MS66 sold in a Heritage Auction in 2009 for $460,000, an MS64 sold in a Heritage Auction in 2014 for $470,000, and an MS65 sold by Stack’s Bowers Galleries in 2013 for $564,000. The values in these ultimate grades have continued to rise over the last few years primarily due to private sales or offers to purchase. This is another rarity that does not come along very often, and when it does there should be a whole lot of competition, especially since it is from the Carson City Mint which has a strong collector base.








Go to the Monthly Archive









Search NumisMedia

Keyword search all of our past and present numismatic articles

Custom Search





 

**Online Access Special**

 

NumisMedia is currently offering a special first-time subscriber rate. The pricing information we report comes from all over the numismatic market, from reliable dealers known for their unbiased market knowledge. Dealer subscribers are a part of our numismatic community, responsible for assisting us in our never-ending pursuit to report real market prices.

NumisMedia Online Access Dealer Price Guides


 

1 Month - Online Access

to the Wholesale Market
Dealer Price Guides

 

$15.00

 


 

* Dealer Subscribers get access to ALL of our Online and Mobile Price Guides - Market, FMV, PCGS, NGC, CAC and Plus +.

 

* Dealer subscribers will receive the current password and user name for full access to the Online & Mobile Dealer Price Guides via email (usually within one working hour). A new monthly password and user name will be sent via E-News at the beginning of each month.

 

 

Subscribe at:
http://www.numismedia.com/coinprices/onlineaccess.shtml


See our other special subscription rates at:
http://www.numismedia.com/coinprices/special.shtml






Brought to you by

E-mail questions & comments to info@numismedia.com
Copyright © 2017 Numismatic Interactive Network, LLC
All Rights Reserved. Terms of Use - About Us - Help Center








NumisMedia

Monthly

Archive


NumisMedia Monthly Archive

Our monthly article detailing specific areas of numismatics for dealers, collectors, and investors of U.S. Rare Coins








Best Kept Secret of Coin Dealers