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of the United States
Rare Coin Market


Heritage Sale Total Near $7 Million in Long Beach

February 2, 2015

     The Long Beach Expo attracted a large crowd throughout the length of the show; however, it is readily apparent that dealers are not getting enough fresh material to satisfy current demand. This is not to say that dealers are running out of coins, it is just that many inventories contain much of the same common coins. Nevertheless, better and rare date coins are still in demand which is evident by the extensive dealer want lists, but one needed to look no further than the rarities that were available in the sale hosted by Heritage Auctions at Long Beach.

     The Heritage Auctions sale realized $6,928,019 which is quite a bit of money when you consider that it did not contain as many great rarities as in recent sales. The highlight coin was the 1869 $20 Gold in NGC PR65 Ultra Cameo that brought $229,125. There were only 25 coins struck and only seven of them are listed as Deep Cameo or Ultra Cameo. Another rarity in this sale was the 1920 S $20 Saint Gaudens which could not quite break the $100,000 mark; it was certified by PCGS as MS64 and sold for $99,875. This is one of just 20 coins certified in MS64 by PCGS and NGC combined and there are only eight certified higher. Below is a short list of other rarities and prices realized from this Heritage Auctions Long Beach sale.

1866 Half Dime PR67 Deep Cameo PCGS CAC

1866 Half Dime PR67 Deep Cameo PCGS CAC sold for $19,975 in the
Heritage Auctions Long Beach Expo U.S. Coins Signature Auction in
Long Beach, California, January 29 - February 1, 2015

 
Date/Denomination
 
Grade
Price
Realized
1866 Half DimePCGS PR67 DCam CAC$19,975
1798/97 Bust Dime 13 Stars ReverseNGC MS61$30,550
1876 Twenty Cent PCGS MS67 CAC$44,650
1807 Draped Bust HalfNGC MS66$82,250
1852 Seated HalfNGC PR65$43,375
1803 Bust Dollar Large 3NGC MS63$44,650
1871 Seated DollarPCGS PR66 Cameo CAC$21,150
1861 D $1 GoldPCGS MS61$70,500
1843 $2 ˝ GoldNGC PR63 Cameo$70,500
1885 $3 GoldPCGS PR65 Cameo CAC$32,900
1888 $3 GoldPCGS PR65 CAC$29,375
1850 O $20 GoldNGC AU58$32,900
1875 CC $20 GoldPCGS MS62 CAC$19,975
1929 $20 Saint GaudensPCGS MS64$37,600

     With Gold fluctuating up and down over the last three weeks, this latest issue of the Moderns Wholesale Market Dealer Price Guide shows an excess of changes for modern bullion coins. The $50 Gold Eagle in MS69 is higher at $1,310 Market and the PR69 is up to $1,450. However, the premium for the Proof Gold Eagle has fallen over the last three months about $75. This is an indication of cooling demand for the Proof issues. Demand for Buffalo Gold continues to attract traders, especially for the newer issues. The 2012 PR70 $50 Buffalo maintains a strong premium with the Market currently at $1,725.









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