NumisMedia

NumisMedia Article Archives

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

NUMISMEDIA IS SPONSORED BY

Intercept Shield

Back to the NumisMedia Home Page



NumisMedia Weekly

Current News and Analysis
of the United States
Rare Coin Market


Are You Ready for Pogue Part IV?

April 11, 2016

     With the next installment of the Pogue Collection Sales approaching, it is not too early to get excited. It will take place in New York on May 24th and is presented by Stack’s Bowers Galleries and Sotheby’s; this is the fourth of five sales of the D. Brent Pogue Collection. The previous three Pogue sales have had numerous highlights, but none can compare to the two rarities in this next auction.

     The 1804 Silver Dollar is the finest known in PCGS PR68; it is now known as the Sultan of Muscat-Childs-Pogue coin. It was acquired for this collection in 1999 for just over $4 million which was at the time a world record for all U.S. coins and it stood for several years. The 1804 Dollar is coveted by all collectors but can be owned by few, and this is the one that tops them all.

The finest 1804 Silver Dollar (PCGS PR68) and the only-available 1822 $5 Gold (PCGS AU50)

The finest 1804 Silver Dollar (PCGS PR68) and the only-available 1822 $5 Gold (PCGS AU50) are available at the D. Brent Pogue Collection Part IV sale hosted by Stack’s Bowers Galleries and Sotheby’s in New York, May 24, 2016

     Also available in Pogue Part IV and equally remarkable is the 1822 $5 Gold; there are only three known and two of them are housed in the Smithsonian. This coin has been off the market since 1982 when it was then purchased for $687,500 for the Pogue Collection; it grades PCGS AU50. The current FMV is listed at $5,375,000.

     These two coins will be the talk of the sale. In the next couple of weeks we will list some of the other amazing rarities from Pogue Part IV.

     The metals are advancing rapidly of late with Gold now over the $1,250 mark. This is creating even more bullion related activity on the Teletypes as dealers are buying and selling for their clients. Modern bullion coins are extremely strong and even generic U.S. Gold prior to 1933 has been trading more actively. Premiums for common 10’s and 20’s remain at low levels and seem to be enticing buyers as many dealers are reporting increased sales.

     In this week’s HD Wholesale Market Dealer Price Guide there are numerous declines since the last issue for common date U.S. Gold mostly due to softening premiums. However, with activity on the rise, you can expect to see some advances if the bullion levels stay strong. This week’s $3 Gold chart contains decreases for dates that have not updated in some time. For example, in MS64, the 1879, 1880, and 1889 are all lower with the latter now at a Market price of $5,950. The 1861 and 1862 are also lower in MS62, now at $8,625 and $8,575, respectively.

     Early TI Twenties seem to be steady at present levels, although some are lower while others are higher. This is most likely a function of availability. Where there are several coins available in the marketplace in the same grade, Market prices have drifted down. If there is only one coin available and none have sold recently, then the asking price is at a premium. The 1851 in MS63 is up to $22,750 and the 1852 O in MS61 is $39,500. Please check the $20 Gold chart for more on the rise this week.









Go to the Weekly Market Report Archive









Search NumisMedia

Keyword search all of our past and present numismatic articles

Custom Search





Specials for NumisMedia Price Guides


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