Legend Rare Coin Auctions Regency Auction 29 was a great success given the choppiness of the market
Activity from the start was strong and the pace clearly carried through the live sale. In sale 29 more than 90% of the sales were to collectors. In many cases, there were multiple bidders per lot. It is clear to us, that buying from an auction is becoming the preferred choice for collectors. That is why LRCA is always working to improve and operate a better platform.
As we mentioned, activity was strong. Here is how we saw the sale: marginal, Non-CAC coins sold cheap. Coins with the CAC sticker and or were fresh (like the commems) sold strong. When the “right” coins were offered that were PCGS CAC and of the highest quality: prices were strong to near record-breaking. Overall, the coin market is really two-tier. Anything less than 100% and it simply will not bring a full price.
Highlights from this sale included:
H.01 1793 PCGS AU53 CAC — Price Realized: $41,125.00
1C 1814 PCGS MS 66 RB — Price Realized: $88,125.00
5C 1912-D PCGS MS67 — Price Realized: $41,125.00
5C 1900 PCGS PR68 CAC — Price Realized: $21,150.00
10C 1959-D PCGS MS68 FT — Price Realized: $5,288.00
$1 1889-CC PCGS MS63 DMPL CAC — Price Realized: $73,438.00
$1 1924-S PCGS MS65 CAC — Price Realized: $17,038.00
$10 1857-S PCGS MS64 CAC S.S.C.A — Price Realized: $76,375.00
$2.50 1909 PCGS PR65 CAC — Price Realized: $88,125.00
$3 1888 PCGS PR66+ CAC — Price Realized: $67,563.00
$5 1795 PCGS MS62 CAC — Price Realized: $176,250.00
$5 1811 PCGS MS64 CAC — Price Realized: $52,875.00
$20 1906 PCGS MS66 — Price Realized: $$64,625.00
There were many other coins that sold for strong prices. It was clear, the market wants only fresh or “super quality” pieces and will pay up for them every time. Laura Sperber Founder of LRCA said ” I was sweating out as to what direction this sale was going take. It wasn’t until the very last minute that collectors began appearing and really putting in strong numbers on the better coins. Right now it is all about quality”.
Legend Rare Coin Auctions is now moving forward preparing for our first “stand-alone” sale to be held in Beverly Hills CA Pre Long Beach on January 27th, 2019. We already have 2 major anchor collections and many single neat coins which will be announced shortly. Our consignment deadline for that sale is December 3rd.
United States Mint Rolls Out Final America the Beautiful Quarters® Program Coin of 2018
CHARLESTOWN, RI – The United States Mint (Mint) joined representatives of the U.S. Fish and Wildlife Service today to launch the America the Beautiful Quarters® Program coin honoring Block Island National Wildlife Refuge in Rhode Island. This is the fifth and final coin in the program for 2018.
Block Island National Wildlife Refuge is a critical migratory bird stopover point on the Atlantic coast. The reverse (tails) design of the quarter representing this site depicts a black-crowned night-heron flying above a view from the beach at Cow Cove that looks towards Sandy Point. The North Lighthouse is seen in the background. The design is by Chris Costello, a Mint Artistic Infusion Program artist. He was recognized for his artwork during the livestreamed ceremony.
“Coins are symbols of our past, our present, and our future, said Mint Director David Ryder. “This new coin will stand as a tribute to the National Wildlife Refuge–a safe haven for migratory creatures and a testament to what dedicated humans can do to protect our world.”
Mr. Ryder shared the stage with James Kurth, deputy director of the U.S. Fish and Wildlife Service; Janet Coit, director of the Department of Environmental Management, who spoke on behalf of Governor Gina Raimondo; and Charlie Vandemoer, manager for the Rhode Island National Wildlife Refuge, which oversees the Block Island National Wildlife Refuge. The Chariho High School Student Choir, students from Chariho Middle School, and members of Boy Scout Troop #15 also participated in the event. The customary coin exchange rounded out the event.
The Block Island National Wildlife Refuge quarter is the 45th release in the United States Mint America the Beautiful Quarters Program. The program is authorized by Public Law 110-456 and is a 12-year initiative to honor 56 national parks and other national sites. Each year for the duration of the program, the public will see five additional national sites depicted on the reverses of the America the Beautiful Quarters coins. The final coin will be issued at the end of the program in 2021. The Mint issues these quarters in the order in which the honored sites were first established as national sites.
Products featuring the Block Island National Wildlife Refuge quarter are available for purchase directly from the Mint’s online catalog at catalog.usmint.gov/coin-programs/america-the-beautiful-quarters-program/ or by calling 1-800-USA-MINT (872-6468).
PCGS Thanks Don Willis For A Decade of Service
(Santa Ana, California) November 15, 2018 – Professional Coin Grading Service (www.PCGS.com) has announced the resignation of Don Willis who served as PCGS President since 2008.
“We sincerely thank Don for his service during the past 10 years and appreciate his contributions to the company, the hobby and the profession,” stated Joe Orlando, President and Chief Executive Officer of Collectors Universe, Inc. (NASDAQ: CLCT), parent company of PCGS. Collectors Universe is the leader in third-party authentication and grading services for high-value collectibles including rare coins, trading cards, tickets, autographs, and memorabilia.
“In addition to further developing our current team, we will be adding new talent to PCGS as part of our long-term investment in providing outstanding products and services. We eagerly look forward to 2019 as an exciting year for us and our worldwide customers,” Orlando stated.
“Since its founding in 1986, Professional Coin Grading Service has represented the industry standard in third-party certification. PCGS provides outstanding service to collectors and dealers around the world through our offices in the United States, Paris, Shanghai, Australia and Hong Kong as well as on-site service at major coin shows,” he added.
PCGS experts have certified over 40 million coins with a total market value of over $34 billion. The popular PCGS Set Registry® (www.PCGS.com/setregistry) now contains more than 93,000 U.S. and world coin sets. The free PCGS Photograde™ Online (www.PCGS.com/photograde) feature makes it easy to determine the approximate grade of your coins, and the ever-expanding www.PCGSCoinFacts.com is the most comprehensive online resource for information and illustrations about United States coins.
For PCGS related inquiries, dealers should contact Sandy Locker at SLocker@collectors.com and for customer service inquiries contact David Talk at DTalk@collectors.com. For information about PCGS products and services, including how to submit your coins for authentication and grading, visit www.PCGS.com or call PCGS Customer Service at (800) 447-8848.
ANA Coin Press Offers Original Numismatic Content
ANA Coin Press Offers Original Numismatic Content
The American Numismatic Association (ANA) launched a new blog in November. A project that has been in the works for over a year, the new blog features exclusive articles for beginning and intermediate collectors, stories that previously ran in The Numismatist (the ANA’s monthly hobby publication), articles highlighting specimens and collections from the ANA Money Museum and more. Both ANA members and non-members can access the blog.
The name “ANA Coin Press” was selected for the new blog after the Association ran a naming contest. Collectors were asked to submit blog name ideas for the chance to win a prize valued at $100. The winner for the contest is Jake Miller, who received an MS-65 1881-S Morgan dollar as the grand prize.
For questions or more information regarding the blog, contact pr@money.org.
The American Numismatic Association is a congressionally chartered, nonprofit educational organization dedicated to encouraging the study and collection of coins and related items. The ANA helps its 25,000 members and the public discover and explore the world of money through its vast array of instructional and outreach programs, as well as its museum, library, publications and conventions. For more information, call 719-632-2646 or visit www.money.org.
An exciting announcement from CDN Exchange and eBay
We are excited to announce that CDN is partnering with eBay’s Coin and Paper Money category. So far in 2018, eBay’s Coin and Paper Money category has over 31M active buyers, and every minute 16 items are sold in the Coin and Paper Money category.
CDN Exchange, or CDNX, is a growing network of over 200 state-of-the-art coin and currency dealers that stand alone in the vast marketplace of sellers, including the largest dealers, grading services, and auction companies in the industry.
Being a partner with CDNX will help enhance and enrich the category for both buyers and sellers by providing a positive buying and selling experience to all customers.
The link below will provide further detail about the CDNX member experience on the eBay platform:
We are thankful for this relationship, and look forward to working with you towards continued success.
Support the Coin Collectors Blog
Buy me a coffee
Thank you for your support!
Recent Blog Posts
- POLL: Are you ready for the World’s Fair of Money August 8, 2022
- Weekly World Numismatic News for August 7, 2022 August 7, 2022
- 2024 Commemorative Coin Programs are Set August 6, 2022
- Do you believe that Congress is actually doing something! August 1, 2022
- Weekly World Numismatic News for July 31, 2022 August 1, 2022