The First Art Newspaper on the Net   Established in 1996 Sunday, April 11, 2021


Hundreds of rare coin record prices in 2019, reports Professional Numismatists Guild
The most valuable U.S. rare coin sold at auction in 2019 was this 1885 Trade dollar, graded NGC PR66, that set a record price for its kind when it was sold by Heritage Auctions for $3.96 million. Photo: Heritage Auctions.



TEMECULA, CA.- The emphasis in the United States rare coin market in 2019 was again on superb quality and exceptional rarity with hundreds of record prices reached at major public auctions, according to a year-end tabulation by the Professional Numismatists Guild. The PNG is a nonprofit organization composed of many of the country’s top rare coin and paper money dealers.

Based on responses to a year-end PNG questionnaire, the aggregate prices realized for U.S. rare coins sold at major public auctions in 2019 totaled more than $325 million, compared to $345 million in 2018 and $316 million in 2017.

Six U.S. coins sold for $1 million or more during the year, five at auction and one by private transaction. Although sales of paper money were not included in the aggregate auction total, three rare U.S. bank notes also sold at public auction in 2019 for $1 million or more.

“The coin market overall seems very healthy,” stated PNG President Richard Weaver.

“As in past years, fresh ‘quality’ coins coming back on the market or appearing for the first time are very easy to sell. One of the main purchasing criteria for us is ‘eye appeal’ versus simply a ‘coin in a holder.’ On the other hand, common generic coins are plentiful, and values for some continue to slide. The market for coins not independently certified for authenticity and grade also appears to be sliding on non-bullion-based items such as semi-key Lincoln cents, Liberty Head nickels in fine/very fine and others,” explained Weaver.

“Bullion-related coins such as silver Washington quarters and Franklin half dollars in circulated condition also seem to be only staying at or very slightly above bullion value. One of the highlights of bullion value related numismatic items seems to be the increased interest in circulated, pre-1933 US gold coins. We saw steady sales of this market sector through the year. The bullion market is obviously stronger dollar-wise with the spot prices increasing led by palladium at roughly 50%, platinum 18%, gold 15% and silver at 8%,” he noted.

While prices declined during 2019 for some U.S. coins in easily available lower grades, hundreds of noteworthy coins that are among the finest known of their kind from early American to modern set price records at auctions. For example, a silver 1964 Kennedy half dollar from a previously unreported United States Mint special mint set, graded PCGS SP68, established a record price for any modern, non-error U.S. coin, $156,000, in an auction conducted by Stack’s Bowers Galleries which sold an aggregate total of $59.7 million of rare coins at auctions in 2019.

The most valuable U.S. rare coin sold in 2019 was a proof 1885 silver Trade dollar, graded NGC PR66, for a record $3,960,000 at an auction by Heritage Auctions which sold a total of $181.3 million of U.S. rare coins at auctions in 2019.

The auction firms that responded to the PNG year-end questionnaire are: Bonhams (www.Bonhams.com); Ira and Larry Goldberg Auctioneers (www.GoldbergCoins.com): GreatCollections Coin Auctions (www.GreatCollections.com); Heritage Auctions (www.HA.com); Kagin’s (www.Kagins.com); David Lawrence Rare Coins (www.DavidLawrence.com); Legend Rare Coin Auctions (www.LegendAuctions.com); Sotheby’s (www.Sothebys.com): and Stack’s Bowers Galleries (www.StacksBowers.com).

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.










Today's News

December 31, 2019

An afterlife so perilous, you needed a guidebook

Three works by British modernist artists gifted to the nation

The Baltimore Museum of Art announces final 2019 acquisitions

Flea market where Andy Warhol shopped has sold its last collectible

Morphy's announces The Susquehanna Collection of antique furniture, historical firearms, decorative and fine art

TASCHEN publishes an enormous and unique book of works by Nobuyoshi Araki

Hundreds of rare coin record prices in 2019, reports Professional Numismatists Guild

First retrospective on French creator Thierry Mugler on view at the Kunsthal Rotterdam

Pace presents the first ever Picasso exhibit in Palo Alto

Moreau Kusunoki and Genton to design the new Powerhouse

Exhibition at the Speed Art Museum honors a long-overlooked Louisville artist

Racism dispute roils romance writers group

Philippe Pastor presents a remarkable installation of 28 sculptures of "The Burned Trees" at Monaco Modern'Art

Auction to feature items signed by Lincoln, FDR, Jefferson, Hemingway, The Beatles and others

Kang Jungsuck's first London solo exhibition on view at The Korean Cultural Centre UK

Exhibition presents a selective portrait of 1980s painting in Canada

Muzeum Susch presents 'Up to and Including Limits: After Carolee Schneemann'

Art Dubai 2020 reaffirms commitment to alternative global perspectives with announcement of gallery list

COLLECTIBLE returns to Brussels for its third edition from 5 - 8 March 2020

The second stage of the traveling pan-African exhibition "Prête-moi ton rêve" opens in Dakar

Art Rotterdam 6-9 February 2020: New highlights of a surprising programme

TEFAF Maastricht announces the most international and diverse exhibitor line up to date

Finkelstein gallery, Australia's female-artist gallery, announces seven exhibitions and talk series for 2020

The James Museum of Western & Wildlife Art opens an exhibition of etchings by Helen Hardin

What to Do When Your Claim Has Been Refused

Design Inspiration from the World's Most Awe-Inspiring Casinos

What are the advantages of Group Benefits?

CBD Topicals for Anti-Aging: What Studies Show




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez

sa gaming free credit

Royalville Communications, Inc
produces:

ignaciovillarreal.org avemariasound.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful