Archive for the Market Prices Category

The Best Coin Domains

Posted on January 6, 2012 by 1 Comment

If you could own 1 coin related domain, which one would it be?

Heres mine-

Coins.com

 

Some of my other choices-

Coin.com

PCGS.com

USCoins.com

WorldCoins.com

CoinAuctions.com

SilverCoins.com

GoldCoins.com

(Please don’t bother in checking the availability of the aforementioned domains, they, been taken for years!)

What Coin Domains would you like to own or which ones do you think are the Best Coin Domains?

 

 

 

 

 

Mint Sells 1 Million Ounces of Gold in 2011

Posted on January 6, 2012 by No Comments

The Mint managed to sell 65,500 ounces of gold in December of 2011.

For the whole year U.S. Mint customer managed to buy exactly 1 million ounces of gold eagles. The majority of the gold eagle coins sold were the 1 ounce coins, as the Mint sold 910,000 of them. The remanider of the coins were half ounce, quarter ounce and tenth ounce gold eagles.

The second most popular gold eagles were the tenth ounce reaching 370,000 in sales. Third most popular were the quarter ounce coins reaching 82,000. And the least popular was the half ounce coin with sales reaching 65,000.

The best year for Gold Eagle Bullion Sales was in 1999 when the Mint sold over 2 million.

 

Here are the Top Ten Years of Bullion Gold Eagle Sales for the U.S. Mint

1999 2,055,500

1998 1,839,500

1986 1,787,750

2009 1,425,000

1987 1,253,000

2010 1,220,500

2011 1,000,000

2008 860,500

1997 771,250

1988 560,000

 

Three MDCC coins sell at Heritage auction, including one new member of the club!

Posted on January 8, 2010 by No Comments

By David Hall…live from the FUN show.

Thursday, January 7, at the Heritage auction held in conjunction with the annual Florida United Numismatists (FUN) coin show, three coins sold for more than $1,000,000, including a coin that did so for the first time. To have a million dollar coin sell at auction is always something special. But to have three different million dollar coins sell the same night is truly extraordinary.

The first MDCC coin to come to the auction block that night was one of the finest examples of the 1927-D $20 St. Gaudens gold piece, a PCGS graded MS66 (PCGS coin # 9187). This coin sold for $1,495,000, a price that I personally consider very reasonable. In fact, I almost put my hand up to bid, but I hadn’t really thought about it before the sale as I was actually thinking about the other two ultra rarities in the sale. The buyer was Laura Sperber of Legend Numismatics.

The second coin to sell was what would become the newest member of the PCGS Million Dollar Coin Club, a PCGS graded PR65 Deep Cameo example of the famous Bickford $10 gold pattern (PCGS coin # 61677), one of only two known specimens. The coin sold for $1,265,000…and I must admit I was the underbidder at $1,200,000, and I have to say it really hurts to come in second place on a coin like that. We’ll have to include the Bickford $10 in the Million Dollar Coin Club listing as soon as we write the story and add it to the PCGS Million Dollar Coin Club section of our website.

Finally, the most famous U.S. coin of all appeared on the auction block when one of the five known examples of the 1913 Liberty nickel (PCGS coin # 3912) was offered. This example was the Olsen specimen, the second finest of the five, grading PR64. The final price was a very healthy $3,737,500.

Congratulations to Heritage Auction Galleries for selling three million dollar coins in one night.

Visit the Million Dollar Coin Club at http://www.pcgs.com/million-dollar-coin-club.

The Rare Coin Market’s Seasonal Cycle

Posted on December 19, 2009 by No Comments

The rare coin market has a very strong seasonal cycle. Basically the coin market is slow in November and even slower in December. I believe that during the holiday season people are thinking about things other than coins. This has been the case for the four decades that I have been paying attention. The only time I remember that rare coins were hot in November and December was in 1979, and that was at the tail end/blow off top period of the massive 1976-1980 bull market when gold and silver were going bananas and the rare coin market was in pure white heat.

Interestingly, rare coins are currently “unseasonably hot.” Action at shows and auctions has been pretty good and dealers are all telling me that they are doing quite a lot of business. While it’s not 1979/80 by any stretch of the imagination, things are definitely much better than they usually are at this time of the year.

The other part of the coin market’s seasonal cycle is that action is usually hot and heavy in January. The year always starts off with the annual Florida “FUN” show, the second biggest show of the year (after the Summer ANA show.) There’s always several massive auctions at the FUN and there’s a lot of pent up demand that translates into action on the bourse floor. I look to this year’s FUN show to be a very important indicator of what 2010 could have in store for rare coins. I’m currently quite positive about the coin market. I like the November/December heat. I like the retail sales activity. I like the fact that dealer inventories are somewhat slim in terms of the “good stuff.” I really like the action in the gold bullion market and I of course hate what the government is doing to the value of the U.S. dollar. So I think coins are going to be strong in 2010.

But I’m a hard money guy who’s very bias towards rare coins so maybe you should take my enthusiasum with a grain of salt. But if you are in the area, check out the Florida coin show January 6-10. Or check out the auction action online. Both Bowers and Merena and Heritage are having auctions.  I’ll blog here at the PCGS blog from the show and I’ll give you a summary of what I saw with a blog right after the show.

Have fun with your coins in 2010!

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