Skip to content

THE TIMES USA

The News that Matters

Menu
  • ABOUT
  • CONTACT
  • LIFESTYLE
  • NATIONAL NEWS
  • BUSINESS
  • INTERNATIONAL NEWS
  • TECHNOLOGY
  • PRICE OF BUSINESS SHOW AUDIOS
Menu

The Rare Coin Market was Hot in 2018

Posted on December 28, 2018December 27, 2018 by admin

Quality was in the eyes of the bidders in the multi-billion dollar United States rare coin market during 2018, according to a year-end tabulation conducted by the Professional Numismatists Guild (www.PNGdealers.org), a nonprofit organization composed of many of the country’s top rare coin and paper money dealers.

While prices declined during the year for some U.S. coins in easily available lower grades, hundreds of noteworthy coins from early American to modern that are among the finest known of their kind set auction price records.

Based on responses to a year-end PNG questionnaire, the aggregate prices realized for all U.S. coins sold at major public auctions in 2018 totaled more than $345 million, compared to $316 million in 2017.  The PNG estimates the overall U.S. rare coin market in 2018 was over $4 billion not including sales by the United States Mint or bullion coins, such as gold and silver American Eagles.

“With the stock market dropping during the fourth quarter of 2018 we saw an increase in interest in the rare coin market with some people taking profits from stocks and buying coins that have proven to show sizeable and consistent increases in value over the years, as well as buying precious metals,” said Professional Numismatists Guild President Barry Stuppler.

Four significant, historic vintage U.S. coins and three 19th century U.S. bank notes sold for $1 million or more each during the year in public auctions, and several other U.S. rare coins reportedly were purchased for $1 million or more in private transactions.

“There was continuing strong demand in the numismatic market on superb quality and rarity throughout the past year. In addition to high-grade vintage coins that set records, some modern coins that are the finest known, what we call ‘condition rarity,’ also commanded amazing prices,” explained Stuppler.

One of those examples is a 1987-dated Kennedy half dollar graded by Numismatic Guaranty Corporation as Mint State 68 (on a scale of 1 to 70) which sold for a record-smashing $4,800 in a Stack’s Bowers Galleries auction. A similar 1987 half dollar, graded by Professional Coin Grading Service also as MS 68, sold in 2014 for $3,290 by Heritage Auctions, an increase of over 45 percent in only four years. In circulated condition, 1987 Kennedy half dollars are simply worth face value, 50 cents each.

Among the most popular U.S. coins are Morgan silver dollars, struck from 1878 to 1904 and again in 1921, and named after their designer, George T. Morgan. An 1897-dated Morgan dollar struck at the New Orleans Mint and graded PCGS MS 66 was sold by Sotheby’s in 2018 for a record $262,500. The same coin sold in 2015 in a Legend Rare Coin Auctions sale for a then-record $108,688, an increase of over 140 percent in three years.

The U.S. coins that each sold at auction for $1 million or more in 2018 were:

  • $4,560,000 by Stack’s Bowers for the finest example of one of the five known 1913 Liberty Head nickels, graded by PCGS as Proof 66, the highest price ever paid at auction for one of these legendary rare coins;
  • $2,640,000 by Heritage Auctions for an original 1804 silver dollar, graded PCGS Proof 62;
  • $2,160,000 by Heritage Auctions for the recently discovered fourth known 1854 San Francisco Mint Half Eagle ($5 denomination gold coin), graded NGC Extremely Fine 45;
  • and $1,740,000 by Heritage Auctions for a 1792 Washington Eagle ($10 denomination gold coin), graded NGC Extremely Fine 45.

The auction firms that responded to a PNG year-end questionnaire are: Archives International Auctions; Ira & Larry Goldberg Auctioneers; GreatCollections Coin Auctions; Heritage Auctions; Kagin’s, Inc.; David Lawrence Rare Coins; Legend Rare Coin Auctions; Sotheby’s; and Stack’s Bowers Galleries.

The Professional Numismatists Guild was founded in 1955, and its member-dealers must adhere to a strict code of ethics in the buying and selling of numismatic merchandise.

You Might Also Like...

  • Look Back at the Labor Market of 2018 and Preview of 2019

    As a leading provider of research on labor markets, people and performance, ADP today announced…

  • Extensive and Live Coverage of the 2018 Midterm Elections

  • Video Captures Some of the Worst "Red-Light Running" of 2018

    Smart and safe transportation mobility provider Verra Mobility has released its annual string of shocking…

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

VIDEO: This Week’s Best of our Network

https://www.thetimesusa.com/wp-content/uploads/2022/05/Newsweek-Editor-on-Politicization-of-Buffalo-Tragedy-and-More-5_23_22.mp4

GDPR Compliance

USABR does not collect data on its visitors.  For more information visit: https://www.usabusinessradio.com/contact-us/

Contact

Contact articles@usabusinessradio.net for more information on articles on this site. BMuyco@usabusinessradio.net for all other information.

Recent Articles

  • A “Defensive Posture” in Finance is Not Sticking Your Head in The Sand
  • Clinic for Family Dentistry in Mattapan: How To Find One?
  • Why Digital Marketing Is Now the Go-To Method of Marketing
  • 5 Things a Small Business Owner Should Know Before Scaling
  • Different Types of Legal Fees Charged by Lawyers

The Secret to Making New Rich Books Work

The Secret to Making New Rich Books Work

Also in TTUSA

  • Roulette Online Uk | How to register in online casino
  • Best Casino Pc Games – Which casino game is most likely to win
  • What Online College Students Really think of the Education They are Receiving
  • In Case You Haven’t Noticed, Blue Collar Workers are Harder to Find than White Collar Ones
  • Star Wars Slot Game – Live free casino games with 5 reel slot machines

RSS The Daily Blaze

  • The Importance of Using Social Media Platforms To Improve Business and Website Traffic
  • Have You Installed the Vingo App? Open a Free Account Today
  • Famed Defense Attorney Looks at the “State of Texas vs. Melissa”
  • Powerful Habits To Become A Better Version Of Yourself 
  • A Guide to Decorating Your Wedding Venue (4 Vital Things to Remember)

The Leader in Business News

The Leader in Business News

RSS USA Business Radio

  • Cody Willard on How to Navigate a Dicey Stockmarket
  • Newsweek Editor on Politicization of Buffalo Tragedy and More
  • EPIC Software-as-a-Service – A Consumption Model for Healthcare Providers
  • US Stock Market Moving Rapidly to a Bear Market
  • Thought Leaders Find Book Publishing a Powerful Tool

RSS USA Daily Times

  • Journey to Becoming a Millionaire Begins in Your Mind
  • Chris Miles’ New Commentary Feature on Price of Business Digital Network
  • 6 Ways You Can’t Hide Text in Files, Emails and Other Data From a Search Engine
  • What to Do When Your Health Insurance Won’t Cover a Treatment
  • Post Reporter on Disaster Relief Disparity in Texas

RSS USA Daily Chronicles.

  • The Significance of the Leaked Dobbs Supreme Court Draft Opinion
  • Technology Has Improved the Way That We Play Online Games
  • Is Now a Good Time to Sell a Business?
  • The Impact of the Roe vs. Wade Overturning Might Have Could Surprise People
  • Barbara Comstock Assess the Political Primary Season

RSS Price of Business

  • Cody Willard on How to Navigate a Dicey Stockmarket
  • The Significance of the Leaked Dobbs Supreme Court Draft Opinion
  • Making Effective Strategic Decisions
  • Walk Through Guide to Buying a Dog Bed
  • Damon Becnel Shares 5 Reasons Startups Fail and How To Avoid It

RSS US Daily Review

  • How Texas Is Looking To Provide More Mental Health Providers Into the Education System
  • Sen. Manchin Joins GOP in Blasting Biden’s Interior Secretary
  • The Benefits of IT Staff Augmentation Services
  • Handgun vs. Pistol: What’s Best for Self-Defense?
  • The “Tax Cuts Causes Inflation Argument” is Old and Requires Examination

PoB Digital Network

US Daily Review

USA Business Radio

USA Daily Chronicles

USA Daily Times

The Daily Blaze

The Times USA

Price of Business

© 2022 THE TIMES USA | Powered by Superbs Personal Blog theme