Rare coin sales in 2016 tops four billion dollars

The second most valuable mint sold in a public auction in 2016 was this 1879 Quintuple Stella blueprint ( Judd-1643 ), PCGS Proof 64 Deep Cameo, sold by Legend Rare Coin Auctions for $ 1,888,000. The PCGS Proof 66 1894-S Barber dime sold at public auction by Heritage Auctions in January 2016 for $ 1,997,500. Four rare United States coins crossed the auction block in 2016 for more than $ 1 million each. The Professional Numismatists Guild ‘s annual market survey of major auction firms suggests auction results and direct sales in 2016 totaled more than $ 4 billion.

PNG President Dana Samuelson says that the total exclude bullion coins, such as gold, argent or platinum american Eagles, and sales by the United States Mint .
Samuelson said the demand for high-quality, rare United States coins picked up importantly following the Nov. 9 presidential election .
The auction firms that responded to the PNG survey are : Bonhams ; Ira & Larry Goldberg Auctioneers ; GreatCollections Coin Auctions ; Heritage Auctions ; David Lawrence Rare Coins ; Legend Rare Coin Auctions ; Scotsman Coin & Jewelry ; and Stack ’ sulfur Bowers Galleries .

The aggregate prices realized for U.S. coins sold at major public auctions in 2016 totaled $ 341,815,542. The totals were $ 439 million in 2015 ; $ 536 million in 2014 ; and $ 393 million in 2013. One firm, Heritage Auctions, accounted for $ 192 million of the 2016 total. All totals include the buyer ’ south premiums, to reflect the actual, full prices paid by winning bidders .
“ After respective years of higher prices and the spectacular sales of several legendary coin collections, the U.S. rare coin market softened in 2016, ” Samuelson said. “ But after the November elections, there was a celebrated increase in need for high-quality rare coins, including those priced at $ 100,000 or more. ”
Added PNG Executive Director Robert Brueggeman, “ Over the decades the U.S. rare mint market moves in cycles, and the long-run drift is up. We believe 2017 will be an opportunity for astute collectors to be buying. ”
Four coins sold for $ 1 million or more at auction in 2016, compared to a record-setting 17 during 2015.

The four million-dollar coins sold at public auction in 2016 are :
? ? 1894-S Barber dime bag, graded Professional Coin Grading Service Proof 66, $ 1,997,500, sold by Heritage Auctions .
? ? 1879 Quintuple Stella ( practice $ 20 denomination gold coinm Judd 1643 ), PCGS Proof 64 Deep Cameo, $ 1,888,000, sold by Legend Rare Coin Auctions .
? ? 1833 Capped Head Left, Large Date $ 5 gold half eagle, PCGS Proof 67, $ 1,351,250, sold by Stack ’ south Bowers Galleries.
? ? 1795 Draped Bust silver dollar, PCGS Specimen 66, $ 1,057,500, sold by Stack ’ s Bowers Galleries .
A fifth coin crossed the million-dollar mark in a private sale in late 2016, and although the leverage price was not disclosed, it was reported the coin is insured for $ 8 million for a planned populace display in early 2017. The coin is a Numismatic Guaranty Corp. Mint State 67 1861 Coronet, Paquet Reverse $ 20 gold double eagle .
An almost record
Two coins that were expected to break the $ 1 million barrier in 2016 failed to meet their reserves. The expected stars were in the fourth episode of the D. Brent Pogue Collection on May 24, 2016 — the finest sleep together 1804 Draped Bust ash grey dollar and the lone collectible 1822 Capped Head gold $ 5 half eagle. The dollar received a top bid of The respect dollar was ultimately passed at $ 9.2 million, which with a 17.5 percentage buyer ’ randomness tip would have realized $ 10.81 million and set a record for a coin at auction, had the bid been accepted. The half eagle besides failed to sell after reaching command of $ 6.4 million.

The Professional Numismatists Guild was founded in 1955. PNG member-dealers must adhere to a hard-and-fast code of ethics in the buying and sell of numismatic trade .
For a copy of “ The pleasure of Numismatics, ” an informative, ten-page illustrated educational booklet about collecting rare coins, newspaper money, tokens and medals, send $ 1 to : professional Numismatists Guild, 28441 Rancho California Road, Suite 106, Temecula, CA 92590 .
For extra information about the PNG and a complete list of member-dealers, visit online at www.PNGdealers.org or call the PNG headquarter in Temecula at 951-587-8300 .

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