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NumisMedia Weekly Market Report
Rarities Commanding Major Market Returns
February 9, 2015
The current NumisMedia 500 is showing a lot of activity for better date coins, especially those with low populations for the grade. For example, the 1897 O Morgan Dollar in Prooflike is a very difficult coin to locate in all Mint State grades and there are only 33 coins total certified by PCGS and NGC in all uncirculated grades. The MS64 is the highest certified grade, that by NGC. In the past 30 days the MS61 has advanced over 40% from $1,025 Market to the current $1,450.
Another coin that has jumped substantially in the last month is the exceptionally rare 1821 $5 Gold in MS63. This coin has only six total certified in Mint State with MS66 being the highest, one each by NGC and PCGS. There are no MS64 or MS65 coins at this time so the MS63 is nearly as good as it gets. We are not currently listing a value for the MS66, so when the MS63 advances from $195,000 Market to $250,000, it is a very reasonable assumption that the MS66 coin would command a rather dramatic price if offered into the marketplace. Below are some other coins that have advanced over the last month.
Date/Denomination | Grade | Current Market | % Increase |
1863 $20 Gold | MS63 | $53,250 | 22.41% |
1806 Bust Half Dollar | MS65 | $67,500 | 17.39% |
1903 O Morgan Dollar | MS66 P/L | $2,850 | 16.33% |
1860 O $20 Gold | XF40 | $27,250 | 15.96% |
1826 $5 Gold | MS66 | $450,000 | 15.38% |
1868 Three Cents Silver | MS64 | $2,850 | 15.15% |
1817/3 Bust Half Dollar | MS62 | $6,875 | 15.06% |
1853 Seated Half Arrows & Rays | MS66 | $44,500 | 14.84% |
There are also several Modern Rarities that have increased of late, one being the 1997 Platinum $25 in MS70; the Market has jumped to $2,450 which is up over 20%. Also on the rise is the 2008 Platinum $50 in MS70, now at $950, up 18.75%.
The recent losses in the metals market has led to a soft coin market for average quality common date coins in the $2,500 and lower range. When Gold goes down the way it has in the last two weeks, it tends to restrict money flow for numismatic coins; buyers have less confidence in the market and they are inclined to bargain hunt for common date coins in all series. This is nothing new, it has been going on for at least the last year. However, there seems to be more declines showing up as sellers are now taking advantage of the discount shoppers. Gold is up slightly this morning at $1,239.50 and Silver is $17.05.
In this week's LD Wholesale Market Dealer Price Guide there are numerous declines for common Lincoln Cents as many of the coins that have large populations are lower this week. A lot of dates from 1910 to 1927 are down in grades MS63 & MS64; however, there are increases for these same dates in MS65 and higher. The 1910 S in MS66 Red is up to $1,875 Market and the 1911 D in MS65 Red is higher at $1,175.
Some of the more common Mercury Dimes in Full Bands are also suffering from discounted sales over the last few weeks.
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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
Now included for all NumisMedia Dealer Subscribers and Members, the NumisMedia Weekly Extra Wholesale Dealer Prices, in PDF format only.
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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.
All NumisMedia Dealer Subscribers and Members will receive the Weekly Extra, in PDF format, every Wednesday, via email, or download from numismedia.com/extra after post.
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