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NumisMedia Weekly

Current News and Analysis
of the United States
Rare Coin Market


Power Coins Rising in Value and Disparity

April 29, 2013

1796 Bust Dollar Small Date Small Letter CAC.jpg      By now everyone is aware of the big news of the week that Heritage Galleries sold the 1913 Liberty Head Nickel for $3,172,500. The Walton coin was jointly purchased by Jeff Garrett and Larry Lee, two long time coin dealers, at Central States on Platinum Night. But this was just one of many great rarities that changed ownership on the night. The following list of highlights is nothing short of astonishing.


1793 Liberty Cap Large CentXF45PCGS CAC$176,250
1794 Large Cent Head of ’94MS66RBPCGS CAC$205,625
1804 Bust Dime 14 Stars RevMS63NGC$367,188
1839 Seated Quarter No DraperyPR65NGC$411,250
1796 Bust Dollar Sm Date Sm LetMS65NGC CAC$1,175,000
1841 Seated DollarPR64PCGS$141,000
1849 Seated DollarPR67NGC$129,250
1828 $5 GoldMS64PCGS CAC$499,375
1852 $10 HumbertMS68NGC CAC$1,057,500

     Most of the coins in this sale were beyond typical, many labeled as CAC or with the + designation. Bidders have become fascinated with the premium quality labels and the added demand for these power coins could lead prices to even higher levels. The gap between Fair Market Value and Plus prices should widen as competition increases.

     The overall coin market is consistent as we show in this week’s LD Wholesale Market Dealer Price Guide. Copper is looking very strong with buyers demanding coins with problem-free surfaces; however, they are willing to pay for accurately graded quality. Even the small size Seated coins are receiving lots of attention with Market prices advancing for specific dates. For example, the 1844 O Half Dime in MS63 is up to $8,950, the 1852 in PR63 rose to $6,750, and the 1858 S Seated Dime in MS63 jumped to $15,250. It is apparent that there has been a lot more money coming into the coin market of late and this has spurred higher prices.









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