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NumisMedia Weekly Market Report
Demand High for Rarities at Lower Levels
April 8, 2024
Assessing the coin market from the most recent major shows and auctions, there are buyers out there, but they are not looking to over pay for specific coins. Dealers filling want lists and adding to inventory are looking for coins at 10%-20% below current levels. Even with the metals breaking much higher (Gold is now over $2,300 an ounce), the coin market is not seeing the same increases in values. Currently, most buyers appear to be looking for bullion related coins at the cheapest premiums.
Bullion premiums have been very tight for the last few months and, for a good example of dwindling premiums, one needs to look no further than the $20 Saints. In MS60 the FMV is $2,700 and the MS64 is $2,770. That was with Gold at $2,288; even with Gold at a higher $2,330, MS64 Saints are still only $2,850 FMV. It might make sense for today's buyers to spend just a little more on the MS64's at current premiums.
The Stack's Bowers Galleries most recent sale issued further proof of a softer market, even though there were plenty of active buyers. Numerous rarities were realized at discounts of current Market levels. A year ago, many of these coins would have brought bids as much as 25% higher. The 1948 Franklin Half in PCGS MS68 Full Bell Lines with the CMQ approval (previously highlighted) brought an amazing $84,000; this differed with some of the other results. Check with Stack's Bowers Galleries for a full listing of coins sold in their Spring 2024 Auction.
1802 Heraldic Eagle Half Dime certified by PCGS AU50 and CMQ
The 1802 Half Dime is an extreme rarity with an estimated thirty-five coins known to exist. There are a total of six coins certified in all AU grades, with two at the highest certified grade of PCGS AU55. There are just fifteen coins certified in all grades by PCGS and NGC. This coin came out of the Pogue Collection back in 2015 when it realized $305,500. This sale brought in a higher final price of $324,000; the current FMV is $356,250.
1802 Heraldic Eagle Half Dime PCGS AU50 CMQ sold for $324,000 in Stack's Bowers Galleries Spring 2024 Auction in Costa Mesa, California, March 25 - April 3, 2024
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1870 CC $20 Gold certified by PCGS AU50
The 1870 CC Double Eagle is by far the rarest of the Carson City Twenties with about fifty coins in existence. There is a total of thirteen in AU50, forgiving resubmissions, with the highest being a single NGC AU55, which brought a mere $414,000 back in 2009. More astounding was the PCGS AU53 which sold for $1,620,000 in a 2021 Heritage Sale. The PCGS AU50 in this sale realized $840,000.
1870 CC $20 Gold PCGS AU50 sold for $840,000 in Stack's Bowers Galleries Spring 2024 Auction in Costa Mesa, California, March 25 - April 3, 2024
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| Date/Denomination | Grade | Price Realized |
| 1793 Large Cent Wreath, Vine & Bars | NGC MS64+ BN | $90,000 |
| 1794 Large Cent Head of 1794 | NGC MS64+ BN CMQ | $45,600 |
| 1918 Lincoln Cent | PCGS MS68 RED CMQ | $31,200 |
| 1955 Lincoln Cent Doubled Die | PCGS MS65 RED | $45,600 |
| 1916/16 Buffalo Nickel Doubled Die | NGC MS61 | $54,000 |
| 1920 D Buffalo Nickel | PCGS MS66 CMQ | $38,400 |
| 1803 Bust Half Dime Small 8 | PCGS AU58 CAC CMQ | $90,000 |
| 1797 Draped Bust Dime 16 Stars | PCGS AU55 CAC CMQ | $38,400 |
| 1870 CC Seated Quarter | NGC AU50 | $66,000 |
| 1918/7 S Standing Liberty Quarter | PCGS MS64 | $36,000 |
| 1815/2 Bust Half Dollar | PCGS MS63 | $34,800 |
| 1839 Seated Half Dollar W/Drapery | NGC PR64 | $102,000 |
| 1847/6 Seated Half Dollar | PCGS MS62 | $30,000 |
| 1870 S Seated Half Dollar | PCGS MS65 | $50,400 |
| 1919 D Walking Liberty Half | PCGS MS64 CAC CMQ | $33,600 |
| 1852 Seated Dollar Restrike | PCGS PR64+ CAC CMQ | $52,800 |
| 1864 Seated Dollar | PCGS MS65+ CAC CMQ | $78,000 |
| 1886 O Morgan Dollar | PCGS MS65 CMQ | $144,000 |
| 1903 S Morgan Dollar | PCGS MS67 CAC CMQ | $84,000 |
| 1833 $2.5 Gold Capped Head | PCGS MS63 PL | $84,000 |
| 1841 $2.5 Gold | PCGS MS60 | $288,000 |
| 1911 $2.5 Gold Indian | PCGS PR67+ CMQ | $50,400 |
| 1884 $3 Gold | PCGS PR66 CAM CAC CMQ | $57,600 |
| 1879 $4 Gold Stella Flowing Hair | PCGS PR67 DCAM CMQ | $840,000 |
| 1795 $5 Gold Small Eagle | PCGS AU58 | $78,000 |
| 1807 $5 Gold Bust Left | PCGS MS64+ CAC CMQ | $55,200 |
| 1866 $5 Gold | PCGS PR65 CAC CMQ | $192,000 |
| 1887 $5 Gold | PCGS PR64 CAM CAC CMQ | $72,000 |
| 1913 $5 Gold Indian | PCGS MS66 | $45,600 |
| 1795 $10 Gold 13 Leaves | PCGS AU53 | $96,000 |
| 1854 S $10 Gold | PCGS MS62+ | $66,000 |
| 1876 S $10 Gold | PCGS AU58 CAC CMQ | $75,000 |
| 1904 $10 Gold | PCGS PR65+ CAM CAC CMQ | $96,000 |
| 1854 S $20 Gold | PCGS MS63 CMQ | $52,800 |
| 1861 $20 Gold | CACG MS64 CMQ | $38,400 |
| 1861 S $20 Gold Paquet | PCGS XF45 | $81,000 |
| 1863 $20 Gold | PCGS MS63 CMQ | $90,000 |
| 1871 CC $20 Gold | PCGS AU55 | $108,000 |
| 1871 CC $20 Gold | PCGS AU53 CAC | $81,000 |
| 1885 CC $20 Gold | PCGS MS62 | $90,000 |
| 1902 $20 Gold | PCGS MS65 | $60,000 |
| 1907 $20 Gold St Gaudens High Relief | PCGS MS66 CMQ | $108,000 |
| 1915 S $50 Gold Pan-Pac Round | PCGS MS64 CMQ | $102,000 |
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1916/16 Buffalo Nickel Doubled Die NGC MS61 sold for $54,000 in Stack's Bowers Galleries Spring 2024 Auction in Costa Mesa, California, March 25 - April 3, 2024
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1847/6 Seated Half Dollar PCGS MS62 sold for $30,000 in Stack's Bowers Galleries Spring 2024 Auction in Costa Mesa, California, March 25 - April 3, 2024
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1870 S Seated Half Dollar PCGS MS65 sold for $50,400 in Stack's Bowers Galleries Spring 2024 Auction in Costa Mesa, California, March 25 - April 3, 2024
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1852 Seated Dollar Restrike PCGS PR64+ CAC CMQ sold for $52,800 in Stack's Bowers Galleries Spring 2024 Auction in Costa Mesa, California, March 25 - April 3, 2024
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1886 O Morgan Dollar PCGS MS65 CMQ sold for $144,000 in Stack's Bowers Galleries Spring 2024 Auction in Costa Mesa, California, March 25 - April 3, 2024
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1903 S Morgan Dollar PCGS MS67 CAC CMQ sold for $84,000 in Stack's Bowers Galleries Spring 2024 Auction in Costa Mesa, California, March 25 - April 3, 2024
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1841 $2.5 Gold PCGS MS60 CMQ sold for $288,000 in Stack's Bowers Galleries Spring 2024 Auction in Costa Mesa, California, March 25 - April 3, 2024
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1884 $3 Gold PCGS PR66 CAM CAC CMQ sold for $57,600 in Stack's Bowers Galleries Spring 2024 Auction in Costa Mesa, California, March 25 - April 3, 2024
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1879 $4 Gold Stella Flowing Hair PCGS PR67 DCAM CMQ sold for $840,000 in Stack's Bowers Galleries Spring 2024 Auction in Costa Mesa, California, March 25 - April 3, 2024
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1866 $5 Gold PCGS PR65 CAC CMQ sold for $192,000 in Stack's Bowers Galleries Spring 2024 Auction in Costa Mesa, California, March 25 - April 3, 2024
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1913 $5 Gold Indian PCGS MS66 sold for $45,600 in Stack's Bowers Galleries Spring 2024 Auction in Costa Mesa, California, March 25 - April 3, 2024
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1904 $10 Gold PCGS PR65+ CAM CAC CMQ sold for $96,000 in Stack's Bowers Galleries Spring 2024 Auction in Costa Mesa, California, March 25 - April 3, 2024
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