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NumisMedia Weekly Market Report
Gold Falls Below $1,200
October 6, 2014
This week marks the inaugural show for the PNG Invitational in New York City at the Millennium Broadway Hotel, located within half a block of Times Square. Over 50 Gold coins from the Saddle Ridge Hoard will be on display which includes the finest known 1866 S No Motto $20 Liberty. Heritage Auctions and Stack's Bowers Galleries will host major auctions with some wonderful rarities available. Below are just a few of the featured highlights from these two sales.
1831 Bust Dime PR66 Cameo PCGS CAC available in Heritage Auctions PNG New York Invitational U.S. Coins Signature Auction, October 8-13, 2014
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| Heritage Auctions |
Date/Denomination |
Grade | Current
Market |
| 1914 D Lincoln Cent | PCGS MS65+ Red CAC | $6,225 |
| 1831 Bust Dime | PCGS PR66 Cameo CAC | N/A |
| 1796 Draped Bust Quarter | PCGS MS64 | $155,000 |
| 1879 $4 Gold Flowing Hair | PCGS PR64 CAC | $145,000 |
| 1872 $20 Gold | PCGS PR64 CAC | $98,500 |
| 1907 $20 Gold St. Gaudens High Relief | NGC PR67 * | $155,000 |
| 1921 $20 St. Gaudens | PCGS MS61 | $105,000 |
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| Stack's Bowers Galleries |
Date/Denomination |
Grade | Current
Market |
| 1794 Liberty Cap Cent | NGC MS65 BN | $56,500 |
| 1879/8 Shield Nickel | PCGS PR69 | $23,000 |
| 1796 Draped Bust Half 16 Stars | PCGS VF35 | $69,500 |
| 1802 Bust Half Dollar | PCGS AU58 CAC | $39,250 |
| 1874 CC Seated Half w/Arrows | PCGS MS62 CAC | $16,500 |
| 1803 Draped Bust Dollar Sm 3 | PCGS MS63 | $68,500 |
| 1861 D $1 Gold | PCGS MS61 | $56,500 |
Gold fell below the $1,200 mark last week but has rallied back somewhat this morning to just above at $1,206.50. Dealers are hopeful that this will establish a new base and initiate some upward momentum for all the medals. Silver, which had dropped to under $17 an ounce, is up to $17.21.
Teletype business continues to be dominated by bullion related coins with Eagles and Buffalo Gold garnering most of the buy/sell messages. Proof Gold Eagles are now wholesaling at $1,410 per ounce in OGP. Proof Silver Eagles are just a touch under $50.
Most coins are steady at present levels in this week's LD Wholesale Market Dealer Price Guide as many of the reported series have been rather inactive. The one area with a large amount of increases was early Lincoln Cents. Dealers and collectors appear to be hunting for better date coins that are reasonably priced compared to the next highest grade.
For example, the 1913 D in MS63 RB is higher at $220 Market; the MS64 is currently priced at $400. In addition, the MS63 Red is at $285 and they are rarely offered for sale. Buyers believe coins like the 1913 D in MS63 RB with lots of Red are a bargain compared to the higher priced coins in MS63 RD or MS64 RB. The 1917 S MS63 RB and the 1919 D MS64 RB are also higher, at $285 and $250, respectively.
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NumisMedia Weekly
Dealer Price Guides
Weekly and Online Wholesale Prices
NumisMedia presents Wholesale Dealer Prices representing dealer trading levels for properly graded sight-seen coins.
Subscribers to the Dealer Price Guides will receive our Weekly Wholesale Market Dealer Price Guides and access to all of our Online and Mobile Price Guides: Market, FMV, PCGS, NGC, CAC, & Plus +.
Our Weekly NumisMedia Wholesale Market Dealer Price Guide package of 52 issues a year includes:
The Classic HD has grades from Fine through MS68 in every U.S. series in the higher denominations: Halves, Dollars, Gold, and Commemoratives.
The Classic LD has grades from Fine through MS68 in every U.S. series in the lower denominations: Half Cents through Quarters.
The Moderns Edition has grades from AU50 through MS70 in every Modern series.
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NumisMedia Weekly Extra
Weekly PDF Publication
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This easiest way to get your copy of the new Weekly Extra is with an Online-Only Dealer Subscription, for as little as $20/month.
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