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NumisMedia Weekly

Current News and Analysis
of the United States
Rare Coin Market


Whitman Baltimore Expo Next on Calendar

July 11, 2016

     Summer FUN is over and dealers are headed to Baltimore for the Whitman Expo this week. FUN was fairly busy for retail traffic and dealers are waiting to see if the upswing can be maintained with two major shows in a row. The continuation of a strong bullion market reinforces trading activity for not only the metals but rare coins as well. Gold is holding at just over the $1,350 mark this morning and Silver is $20.35. Metals holding near these levels should be enough to encourage the coin market.

     Heritage Auctions hosted the FUN Sale with over $6.5 million in prices realized. Leading the list of highlights were two Pan Pac $50 Gold coins certified by NGC. One was the 1915 S $50 Round in MS64 sold at $88,125 and the other was the 1915 S $50 Octagonal in MS62 at $58,750. Both of these were discounted from the current Market prices which will be adjusted, slightly downward. Below are some of the other highlights from this sale.

1915 S $50 Round MS64 NGC

1915 S $50 Round MS64 NGC sold for $88,125 at the Heritage Auctions Summer FUN U.S. Coins Signature Auction in Orlando, Florida, July 7-10, 2016

 
Date/Denomination
 
Grade
Price
Realized
1793 Wreath Cent Vine & BarsPCGS VF30$11,750
1914 D Lincoln CentPCGS MS65 Red$12,338
1797 Draped Bust Half Dime 15 StarsPCGS MS64+ CAC$47,000
1805 Heraldic Eagle QuarterPCGS MS64+ CAC$49,350
1918/7 S Standing Liberty QuarterNGC MS63$19,975
1850 O Seated HalfPCGS MS65 CAC$15,275
1921 Walking Liberty HalfPCGS MS64+ CAC$14,100
1797 Draped Bust Dollar 9x7 Stars SLPCGS XF45 CAC$22,325
1878 S Trade DollarPCGS MS66 CAC$30,550
1901 Morgan DollarNGC MS63+$17,625
1805 $2 ˝ Gold Capped BustPCGS MS61$22,325
1913 S $5 Gold IndianPCGS MS64$18,800
1860 O $10 GoldNGC MS62$30,550
1859 O $20 GoldNGC AU50$37,600
1883 CC $20 GoldPCGS MS62 CAC$30,550

     With the metals up over the last few weeks some of the bullion charts in the Moderns Wholesale Market Dealer Price Guide are showing a vast number of increases. The Modern Eagles chart is literally covered with increases with most advances at least 10%. The common $50 Gold is now up to $1,385 Market in MS69 and $1,555 in PR69. Activity for Buffalo Gold remains steady but advances seem to just follow the price of Gold and premiums are about the same as they have been in recent weeks.









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