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NumisMedia Weekly
NumisMedia Weekly Market Report

Current News and Analysis of the

United States Rare Coin Market

August 15, 2011

Most Markets Moving Higher

     After reaching the $1,800 mark early last week, Gold saw some profit taking as it fell back under $1,740. It has since turned around and is at $1,752 in morning trading. The metals may go a long way towards the success of this week's ANA in Chicago. Dealers have been doing a tremendous amount of business in the metals market over the last several months and if there is a good turnout of visitors, this should be a great show.

     Heritage hosted a wonderful auction last week in Chicago and total prices realized were over $31 million. There were numerous highpoints but the show stopper was the 1855 S $3 Gold, graded by NGC as a PR64 Cameo. It was also CAC certified and it brought an overwhelming $1,322,500. This unique coin is sure to be the highlight of a top collection. The Jack Lee 1893 S Morgan Dollar in NGC MS67 sold for $546,250, while the 1796 $2 ˝ No Stars realized $276,000; this was graded MS61 by PCGS and had a CAC sticker. Please contact Heritage Auctions for a complete listing of prices realized for this important sale.

     In the last three weeks we have seen a significant increase in Market prices for U.S. Gold coins. In this week's HD Wholesale Market Dealer Price Guide, the majority of adjustments are found in the Gold charts. $20 Gold coins advanced at least $200 each in Good all the way up to MS64. The $10 Gold moved up at least $100 per coin in the same grades. Also, MS65 $10 Indians advanced to $3,400 Market. Watch these areas closely because they tend to move rather quickly.

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NumisMedia Weekly Archive
Current News and Analysis of the U.S.
Rare Coin Market