NumisMedia Article Archives

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

Intercept Shield

Back to the NumisMedia Home Page

NumisMedia Weekly

Current News and Analysis
of the United States
Rare Coin Market

Legend Auction Attracts Premium Bids

December 19, 2016

     Oh, the weather outside is frightful, but the coin market is not so delightful; as we approach the Holidays, the market has not heated up, albeit typical for this time of year. Gold has been falling, currently at $1,137 this morning, Silver is trying to hold above the $16 mark, but has fallen to $15.94, and Platinum is at $913. The premium is strong for one ounce Proof Gold Eagles in OGP, trading at $1,387 among dealers. Silver Eagles are the gift of choice for the Holidays remaining steady at $49-$50. Silver bags of 90% are dropping to $12,045 among dealers and VG+ Silver Dollars are $23,665 per bag of a thousand. Some analysts are expecting the metals to go even lower in the next couple of months. No predictions here as we are waiting to see what happens at FUN.

     There may be a lot of bargain-hunting going on in the wholesale market but that does not mean real buyers are not looking for rarities. The latest Legend Rare Coin Auctions, Regency Auction XIX, took place in Las Vegas at the PCGS Members Only show last week. One of the many highlights of this important sale was a set of Buffalo Nickels; many finest knowns and some with spectacular color. Nearly every coin in this set brought a substantial premium above the NumisMedia Market price. Listed below are some other highlights.

1913 Buffalo Nickel Type 2 PCGS PR68 CAC

1913 Buffalo Nickel Type 2 PCGS PR68 CAC sold for $58,750 at the Legend Rare Coin Auctions Regency Auction XIX in Las Vegas, Nevada, December 15, 2016

1798 Draped Bust Large Cent
2nd Hair Style
PCGS MS64 BN CAC$20,563
1914 D Lincoln CentPCGS MS66 RB CAC$30,550
1922 No D Lincoln Cent Strong ReversePCGS MS64 BN CAC$38,775
1867 Three Cent SilverPCGS MS65 CAC$13,513
1913 Buffalo Nickel TIPCGS MS68 CAC$28,200
1914 D Buffalo NickelPCGS MS67$18,213
1918 S Buffalo NickelPCGS MS65+ CAC$29,375
1853 Seated Half Dime No ArrowsPCGS MS68$27,025
1797 Draped Bust Dime 16 StarsPCGS AU58 CAC$24,675
1853 Seated Dime No ArrowsPCGS MS68$25,850
1896 O Barber DimePCGS MS66+ CAC$20,563
1898 O Barber DimePCGS MS67+ CAC$36,425
1931 S Mercury DimePCGS MS67 FB CAC$27,025
1805 Draped Bust QuarterPCGS MS64+ CAC$52,875
1896 Barber QuarterPCGS PR69 DCAM$41,125
1820/19 Bust HalfPCGS MS65$32,900
1836 Bust Half Lettered EdgePCGS MS66+ CAC$47,000
1838 Bust Half Reeded EdgePCGS MS66$45,825
1857 Seated DollarPCGS MS65 CAC$73,438
1870 Seated DollarPCGS MS65+ CAC$61,688
1879 CC Morgan Dollar Cap DiePCGS MS65 CAC$38,775
1899 $2 ½ GoldPCGS PR66+ DCAM CAC$34,075
1872 $3 GoldPCGS MS64 CAC$29,375
1863 $5 GoldPCGS MS61$58,750
1929 $5 Gold IndianPCGS MS64 CAC$52,875
1863 $20 GoldPCGS AU58 CAC$30,550

     The results from the Legend Auction show that there is plenty of money being spent on rare coins if the quality warrants. However, there are still plenty of nice coins that are being offered at discounts as dealers are raising cash reserves for the upcoming FUN Show. In this week’s HD Wholesale Market Dealer Price Guide there is a long list of declining prices for Proof Barber Halves as sellers are attempting to move some inventory. Many of the lower prices are within the PR63 through PR67 grades, although there are buyers at the lower levels which could be a sign that we are nearing the bottom of the current downturn.

     Sellers are currently outnumbering buyers in the Morgan Dollar market and there are decreasing prices in all grades from AU50 to MS66. Dealers are looking to move old inventory while buyers are being rather selective and want brilliant coins at their buy prices.

Go to the Weekly Market Report Archive

Search NumisMedia

Keyword search all of our past and present numismatic articles

Custom Search

Slide Shows

Brought to you by

E-mail questions & comments to
Copyright © 2019 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

NumisMedia Online Market Price Guides
Subscription Rates for Online-Only Dealer Price Guides

NumisMedia Weekly Market Price Guides
Subscription Rates for Weekly Market Dealer Price Guides

NumisMedia Monthly Fair Market Value Price Guide
Subscription Rates for Monthly FMV Collector Price Guide

Package Rates and Sample Packs
Price Guide Special Package Rates and Sample Packs