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Current News and Analysis
of the United States
Rare Coin Market

FUN to Test Coin Market

January 4, 2016

     Dealers and collectors are headed to Tampa for the annual FUN Show, eager and optimistic for a great start to 2016. Metal prices are cooperating as the year starts with Gold higher by $15. If the metals can hold positive for the week, it would be a boost for the show and dealers could have a profitable convention.

     We are already seeing some new buy messages on the Teletypes with dealers becoming active at higher levels. MS64 Morgan Dollars are up a dollar as a new market maker has entered.

     Even with Gold up to $1,075 this morning, it is still down from last year when it began at $1,199; two years ago Gold was at $1,225 to start the year. What is most interesting is the fact that the prices of U.S. Classic Gold coins are down to the point that they should be attracting attention. Below are some comparisons from one year ago to the current Market value.

DenominationMarket Jan. 2015Market Jan. 2016
$5 Liberty MS60$410$350
$5 Indian MS60$500$410
$10 Liberty MS60$685$605
$10 Indian MS60$690$660
$20 Liberty MS60$1,270$1,190
$20 St. Gaudens MS60$1,280$1,200

     The majority of the U.S. Gold coins have comparable numbers and it would seem to indicate that buyers should be looking to purchase generic U.S. Gold coins if they think Gold has reached a base value. Many indications and leading Gold experts are predicting it is headed to higher ground this year. This will be an area to watch at the FUN Show to see if major market makers believe the experts.

     Along with the FUN Convention, Heritage Auctions will host the official sale and it is sure to attract some major interest. One of the top rarities in this sale will be the famous 1894 S Barber Dime in PCGS PR66. When a coin of unique quality like this is offered, it is usually not available again for many years to come. There is a tremendous selection of Barber Half Dollars that will have specialty collectors extremely aggressive with their bids. There are quite a few rare U.S. Gold coins in this sale as well. Listed below are some of the highlighted rarities in the Heritage FUN Sale, for a full list of available coins, visit the Heritage Auctions website.

1894 S Barber Dime PCGS PR66 CAC

1894 S Barber Dime PCGS PR66 CAC is available at the Heritage Auctions FUN Show U.S. Coins Signature Auction in Tampa, Florida, January 6-11, 2016

1793 Chain AMERICA Large CentPCGS MS66 BN$625,000
1877 Indian CentPCGS PR66 Red CAC$14,250
1909 S VDB Lincoln CentPCGS MS66+ Red CAC$9,650
1918 D Lincoln CentPCGS MS67 RedN/A
1880 Shield NickelPCGS MS66$100,000
1794 Flowing Hair Half DimeNGC SP66*N/A
1796 Draped Bust DimeNGC MS65$77,500
1942/1 Mercury DimePCGS MS66 FB$62,500
1796 Bust QuarterPCGS MS66$675,000
1805 Heraldic QuarterPCGS MS65 CAC$82,500
1822 Bust Quarter 25 over 50CPCGS MS65$135,000
1926 D Standing Liberty QuarterPCGS MS67 FH$88,500
1797 Draped Bust Half 15 StarsPCGS MS66$1,300,000
1807 Draped Bust HalfNGC MS66$92,500
1873 CC Seated DollarNGC AU58$58,500
1892 S Morgan DollarPCGS MS63$62,500
1901 Morgan DollarNGC MS65$260,000

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