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NumisMedia Weekly Market Report
Whitman Baltimore Expo and Stack's Bowers Attracting Coin Fanatics
March 24, 2014
Dealers are expecting this week's Whitman Baltimore Expo to attract a large audience for several reasons. First, coins from the Saddle Ridge Gold Hoard will be on display hosted by Kagin's Inc. This is the well-publicized story of buried treasure found in Northern California last year and recently certified by PCGS. The coin business has seen a large amount of media coverage from all over the country and dealers are receiving lots of phone calls about this major event. For more information about this hoard visit www.saddleridgehoard.com.
Next, this major show is routinely one of the best on the East Coast, attracting thousands of collectors from many nearby states. Also, Gold has dropped over $60 in the last week and could help increase sales as buyers take advantage of the lower levels. In addition, Stack's Bowers Galleries is hosting the official auction of the Whitman Baltimore Expo. There will be numerous rarities in this sale; here are some of the potential highlights.
1797 Draped Bust Dollar NGC MS63 available in Stack's Bowers Galleries Auction at the Whitman Baltimore Expo March 2014
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Date/Denomination | Grade | Current Market |
1794 Liberty Cap Large Cent | PCGS MS66 CAC | $ N/A |
1916 Standing Liberty Quarter | PCGS MS65+ FH | $28,250 |
1797 Draped Bust Dollar | NGC MS63 | $130,000 |
1879 CC Morgan Dollar | PCGS MS65+ | $25,500 |
1889 CC Morgan Dollar | NGC MS61 | $25,250 |
1858 $1 Gold | NGC PR67 Ultra Cameo | $ N/A |
1858 $2 ½ Gold | PCGS PR65 Cameo | $73,500 |
1887 $3 Gold | NGC PR67 Ultra Cameo | $95,000 |
1858 $5 Gold | NGC PR66* Ultra Cameo | $192,500 |
1892 $20 Gold | PCGS PR65 Deep Cameo | $115,000 |
While better date U.S. Gold is still the hottest part of the market, a couple of Modern Platinum coins edged their way near the top of the NumisMedia 500 this week. The 1997 $25 Platinum in MS70 shot up 33.33% for the month to a new high of $2,000 Market. Also on the move is the 1997 $10 Platinum in MS70, which climbed to $1,000, up 33.33% as well. The majority of other coins in the top ten are rare Gold with the 1863 $20 Liberty in AU50 up 42.58%, now at $7,450 Market.
This week's Moderns Wholesale Market Dealer Price Guide shows numerous changes in the Early Proof Lincoln Cent chart. This is an area where buyers are very selective, looking for nice coins without streaks. For Red & Brown or Red coins, buyers do not want spots, especially for the coins that grade above PR62. This week the 1912 RB in PR65 and PR66 are higher at $1,525 and $2,400, respectively. The 1913 in PR66 RB is also advancing to $1,850. Make sure to check the Modern Bullion charts because the metals fluctuated considerably over the last few weeks since the last printed price guide.
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NumisMedia Weekly Dealer Price Guides
Weekly and Online Wholesale Prices
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NumisMedia Weekly Extra
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