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NumisMedia Weekly Market Report
Heritage Long Beach Sale Realizes $13.4 Million
September 8, 2014
The metals have continued to fall and confidence in bullion related products has stagnated the precious metals market. The new Kennedy Proof Gold coin has not been as active as expected in the secondary market. This has caused sellers to discount coins in order to move inventory. The most recent offers to sell Proof 70 coins have been as low as $1,325 wholesale. In morning trading, Gold is $1,252.80 and Silver is $18.96. Proof Gold Eagles are trading at $1,470 per ounce and Proof Silver Eagles are $49.50.
The Long Beach Expo appeared to be busy with solid attendance throughout even if the lower metals reduced potential sales. Most dealers worked the floor with modest success but locating fresh material at reasonable levels was difficult.
The Heritage Auctions Signature Sale brought $13.4 million, which contained nearly 800 CAC stickered coins and almost 300 with the + designation. Premium coins continue to bring premium prices, especially for known rarities with low populations. The 1792 Silver Center Cent in NGC MS61+ Brown was the highlight of the sale at $705,000. There are only three coins known that grade higher of this variety.
1915 S $50 Panama-Pacific Octagonal MS64 NGC CAC sold for $102,813 in Heritage Auctions U.S. Coins Signature Auction in Long Beach, September 4-6, 2014
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The list below shows some of the other highlights from this sale. Please contact Heritage Auctions for a complete list of prices realized.
| Date/Denomination | Grade | Price Realized |
| 1796 Bust Dime | NGC MS63 | $30,550 |
| 1796 Bust Quarter | PCGS MS65 | $411,250 |
| 1833 Bust Half | NGC MS67 | $38,188 |
| 1880 Trade Dollar | NGC PR68 Ultra Cameo | $42,594 |
| 1827 $2 ½ Gold | PCGS MS63 | $58,750 |
| 1860 $3 Gold | NGC PR67 Cameo | $88,125 |
| 1871 $5 Gold | PCGS PR65 Cameo CAC | $70,500 |
| 1907 $10 Indian Gold Wire Rim | PCGS MS66 CAC | $129,250 |
| 1930 S $10 Indian Gold | PCGS MS65 CAC | $85,188 |
| 1854 S $20 Gold | NGC MS62 | $44,063 |
| 1907 $20 Saint Gaudens HR Wire Rim | NGC PR68* | $282,000 |
| 1930 S $20 Saint Gaudens | PCGS MS65 | $164,500 |
| 1931 D $20 Saint Gaudens | PCGS MS65 | $129,250 |
| 1915 S $50 Pan-Pac Round | PCGS MS65 | $176,250 |
| 1915 S $50 Pan-Pac Oct | NGC MS64 CAC | $102,813 |
In this week's update of the NumisMedia 500, the 1889 $5 Gold in AU53 leads the way, advancing by 28.38%, now at $475 Market. Another date rising significantly, the 1803 Half Dime Large 8 in MS65 is now at $57,500, up 27.78%. This date has only ten coins certified in all Mint State grades with MS65 being the highest certified by PCGS. Nine of the top twenty coins are U.S. Gold with eight of them dated prior to 1900.
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NumisMedia Weekly
Dealer Price Guides
Weekly and Online Wholesale Prices
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