Low Population Rare Coins are Coming on the Market Now - We Have Precious Few: Grab Them While You Can
Despite the volatility in many markets, a few remarkable rare coin collections are coming on the market now, with superb selections I haven’t seen in years. Starting at the high end, this month alone a historic PCGS 1804 Dollar Proof-55 sold for $1,440,000, and a finest-known PCGS 1854-S $5 AU58+ CAC sold for $1,920,000 for a total of $3,360,000. Experts had estimated the two coins would sell for only $2,700,000.
On the more affordable numismatic level, items like a tied-for-finest-known PCGS 1925 Norse-American Centennial thick medal MS-67 CAC sold for over five times what experts estimated to be its value at $12,600. This piece is often collected as part of the popular classic commemorative half-dollar sets.
When coins are offered that fit all the criteria for excellence – they are historic, are finest known or tied for finest known, or only have a few better. Typically, they sell fast and for strong prices, especially if they have an extra wow factor, like original toning, cameo devices or intense luster. For instance, a rarely traded beautiful PCGS 1908-D $10 Indian Motto MS-68 CAC tied for finest-known, sold for $204,000.
If an important rare coin has not been seen on the market in over a year, that often intensifies the demand and raises the price for it. Right now, a precious few coins that are the finest known or the best I have seen in months or years are coming on the market.
An older colleague of mine once wrote about his experiences in buying rarities. He used an analogy about fast rabbits and dead rabbits, like you might encounter on the road. He bemoaned not initially buying a coin, when offered a historic rarity. He said he would “think about it” and returned later that day to buy it, only to find that it had sold. Whenever you have the opportunity to buy a special low population coin that is not often seen, consider the wise words of my friend. Make a decision beforehand to be a fast rabbit, not a dead rabbit. Ask our representatives about the relatively few special rabbits (rare coins) we now have in stock. All of these special coins are hand selected by Dr. Mike Fuljenz, America’s Gold Expert™.
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