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NumisMedia Weekly

Current News and Analysis
of the United States
Rare Coin Market


Here Comes the FUN 2019

January 7, 2019

     Dealers are in Orlando, Florida this week for the 64th Annual FUN Convention, a show that typically sets the stage for the coin industry in the new year. With the metals advancing on a regular basis over the last couple of weeks and prices in many series appearing to be much more stable, the market is looking stronger going into 2019 and dealers are anticipating a bounce back year beginning with the FUN Show.

     Heritage Auctions is hosting the official FUN Sale and there are some spectacular one-of-a-kind coins that will surely attract aggressive bidding. The 1793 Large Cent Chain AMERI. in PCGS MS64+ Brown with the CAC sticker is described as the second finest known. The NumisMedia CAC value is at $470,000. This coin has a current online bid of over $800,000 and the final sale is not until Thursday January 10.

1793 Large Cent Chain AMERI. PCGS MS64+ Brown CAC

1793 Large Cent Chain AMERI. PCGS MS64+ Brown CAC is available at Heritage Auctions FUN U.S. Coins Signature Auction in Orlando, Florida, January 9-14, 2019

     Also available to bidders are two remarkable Trade Dollars. The 1884 Trade Dollar NGC PR66 CAC has a mintage of just 10 coins. The current NumisMedia CAC value for the PR66 is $1,060,000, however, a PCGS PR65 CAC sold at the January 2014 FUN Sale for $998,750, although the overall coin market was healthier back then.

1884 Trade Dollar PR66 NGC CAC

1884 Trade Dollar PR66 NGC CAC is available at Heritage Auctions FUN U.S. Coins Signature Auction in Orlando, Florida, January 9-14, 2019

     The 1885 Trade Dollar NGC PR66 is the finest of 5 known examples. There is no current NumisMedia pricing for the 1885 Proof Trade Dollar, but the current bid in the auction is over $2.7 million. The last 1885 Trade Dollar sold was by Heritage privately in 2006 for $3.3 million. Below are some of the other potential highlights from this outstanding Heritage FUN Show sale.

1885 Trade Dollar PR66 NGC

1885 Trade Dollar PR66 NGC is available at Heritage Auctions FUN U.S. Coins Signature Auction in Orlando, Florida, January 9-14, 2019

Date/DenominationGradeCurrent Market
1793 Large Cent Chain AMERI.PCGS AU55 CAC$142,500
1793 Large Cent Chain AMERICAPCGS AU58+$125,000
1793 Large Cent Vine & BarsPCGS MS65 BN CAC$180,000
1795 Large Cent Jefferson HeadPCGS XF40 CAC$110,000
1943 Lincoln Cent BronzeNGC AU53$136,500
1827/3 Capped Bust Quarter OriginalPCGS PR65$375,000
1794 Half Dollar Flowing HairPCGS MS61$185,000
1892 S Morgan DollarPCGS MS64 CAC$110,000
1893 S Morgan DollarNGC MS63$180,000
1875 $3 GoldNGC PR65 Cameo$185,000
1879 $4 Gold Coiled HairNGC PR66 Cameo$845,000
1861 S $20 Gold PaquetPCGS AU55$125,000
1887 $20 GoldPCGS PR66 DCam$175,000

     The teletypes are active with many dealers venturing back into the market after a long holiday. Gold is higher at $1,287 in morning trading and Silver is at $15.70. One ounce Proof Gold Eagles are trading at $1,330 and Proof Silver Eagles are $38 in the OGP. Circulated Silver Dollars in VG or higher are trading at $20,525 per bag and 90% Silver is $11,145. BU rolls of 90% Silver are wholesaling at $130 per $10 roll.

     While this week’s LD Price Guide continues the trend of declines in most series, it is now more a matter of dealers trying to get rid of old inventory. Dealers are anticipating the market to reverse in the first quarter of the year with more stable prices and then some areas of advancement. For now, the Indian Cents chart is covered with minus signs, especially for the MS64 & MS65 grades. The 1867 MS65 Red is down to $4,725 Market and the 1872 MS64 Red is lower at $3,850. Lincoln Cents are following the same pattern in the same grades. The 1914 D in MS64 RB has fallen to $3,725 and the 1924 S in MS65 RB is lower at $2,025.









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