Anaconda Rare Coins - Some New Purchases from Long Beach & Show Report
poorguy
Posts: 4,317 ✭
Well, the overall tone of this Long Beach show was "slow". On Wednesday, while we were setting up, we actually did pick up a couple of coins that we were excited about including an 1868 Seated Dollar in NGC PF66 CAMEO with outstanding original color. Proof Seated material has been gaining momentum from our perspective and we feel that it is an area that still has room to grow. Some of the other areas that were hot but now are cooling off (and I for one am glad to see this) is common date Morgans and mid-grade classic commemoratives. In my opinion, it's about time.
A thin veil representing market softness was laid over an overall strong market at Long Beach. Those who looked hard enough could easily see through this transparent and temporary hiccup if they took note of the following factors. :
1. Many dealers and collectors did a huge amount of buying at the Denver ANA through both the auctions and from what dealers came back with from the show. Since Long Beach was scheduled almost immediately after this large buying exhibition, this contributed to the lack of available funds for dealers to purchase with at Long Beach.
2. Gold Gold Gold. With so many dealers keeping a large a portion of their inventory in bullion and generic gold, it's no wonder that the kick-in-the-balls gold took right before the start of the show had an adverse effect. With gold dropping, dealers were not enthusiastic about adding to their inventories.
3. The bulk of the decline in dealer interest was in areas that were destined to correct price-wise. For instance, common date MS64-MS66 Morgan dollars and mid-grade available commemoratives seemed to be very soft. Since many dealers carry alot of these commodity type coins, they too were hesitant to add to their existing inventories.
The good news is that those who specialize in early type, and exceptionally nice coins did fairly well at the show. We did manage to sell a couple of very rare patterns, most of our key date collector coins, and our VF30 high relief St. Gaudens among the other more common coins we tend to sell alot of at shows like this. Long Beach simply proved what we have been telling clients for quite some time. Buy the best you can afford at the time because there will be more interest in it when it comes time to sell. Stay away from commodity type coins because they will be the first to take a hit if the market slows down. Overall, the market is still strong but did recently suffer the obvious effects of too many big buying shows too close together coupled with a market correction for generic Morgans and a drop in the price of gold.
Soft Areas:
Generic Gold
Common Date Morgans MS64-MS66
Mid-Grade Common Early Commemoratives.
Barber halves are still a bit on the weak side but demand is still present.
Strong Areas:
Patterns (recently much more collector interest in these rare beauties)
Early Silver Type (Flowing Hair and Draped Bust)
Early Coppers 1793-1807
Proof Gold
Seated Dollars (both proof and business strike)
Proof Seated Halves and Dollars
Mint State Red and Red Brown key and semi-key indian cents
Matte Proof Lincoln Cents
Well Struck and high grade Buffalo Nickels
1652 12p NGC AU50 Pine Tree Shilling - Noe 5.
Price: $12,000.00
The reverse is brighter than the obverse with good luster while the obverse has a fairly thick patination present.
1787 1c PCGS AU58 Fugio Cent - STATES UNITED, 4 Cinq
Price: $2,500.00
Chocolate brown throughout with very light hints of maroon in the protected areas. A very choice example that is ever so slightly circulated with minor rub on the high points the only light evidence of handling.
1787 1c PCGS MS62BN Fugio Cent - STATES UNITED, 4 Cinq
Price: $3,650.00
Attractive and undoubtably mint state, this fantastic Fugio Cent exhibits medium brown surfaces with an ice-blue sheen and hints of very subtle rose.
1787 1c PCGS MS63RB Fugio Cent - STATES UNITED 4 Cinq
Price: $5,200.00
Copper red with pink highlights envelop the devices in the protected areas. A hint of ice blue sheen covers the lustrous surfaces of this exquisite Mint State Fugio Cent.
1793 1c PCGS MS64BN Vine & Bars Wreath Cent
Price: $138,500.00
1793 1C Wreath Cent Vine and Bars PCGS MS64 BN . S-9, B-12, R.2. 130+ Years of Provenance. Plate Coin for Breen's Large Cent Encyclopedia.
1793 1c PCGS VF20 Attractive Chain Cent - With Periods
Price: $32,500.00
A nice light medium brown example with no rim bruises, planchet voids, or visual distractions.
1793 1c PCGS XF40 Impressive Chain Cent - AMERICA
Price: $60,000.00
A very impressive example of a deep olive brown coloration and very sharp details for the grade.
1802 1c PCGS MS64BN Mint State Draped Bust Large Cent
Price: $16,750.00
The coin is undoubtably mint state with no marks or distractions that you would figure might drop this coin down from an MS65.
1814 1c NGC AU55BN Classic Head Large Cent
Price: $2,650.00
Liberty's profile is moderately doubled with the most prominent doubling on Liberty's chin. There are no spots, stains, discoloring, or large hits on this coin. A very beautiful piece of a more difficult type to find nice.
1861 1c NGC MS62 Confederate States of America Cent - Original
Price: $140,000.00
Medium brown with obviously mint state original surfaces. More description to come later.
1919-S 5c PCGS MS64 Toned Buffalo Nickel
Price: $4,650.00
Superb strike quality and struck from dies showing some deterioration (which is cool) and it exhibits some spectacular natural colors across the obverse with a not-suprisingly muted reverse.
1937-D 5c NGC MS64 Three-Leg Buffalo Nickel
Price: $7,400.00
A choice example of this popular variety. Obviously mint state with no sign of wear on the high points.
1797 H10c PCGS MS63 Draped Bust Half Dime - 15 Stars
Price: $29,250.00
Incredibly well preserved with light original surfaces and moderate luster, this half dime is an outstanding example.
1827 10c NGC MS65 Toned Capped Bust Dime
Price: $10,000.00
Beautifully toned with shades of royal blue, turquoise, light purple, and hints of burnt orange on both the obverse and reverse.
1833 H10c NGC MS64 Toned Capped Bust Half Dime
Price: $1,200.00
Dark rosy brown with lighter tanned rosy sandalwood highlighted by hints of icy blue with truly magnificent original surfaces. The reverse displays attractive shades of blue with gold highlights and hints of muted plum.
1836 H10c NGC MS64 Toned Capped Bust Half Dime
Price: $1,200.00
Attractive clouds of burgandy blending into shades of orange, gold, muted ice blue, and hints of rosy pink across both the obverse and reverse of this exceptionally preserved Capped Bust Half Dime. Greysheet wholesale is $950.
1882 10c PCGS PR65 Toned Proof Seated Dime
Price: $1,575.00
Teal green blending into a deeper blue and then into a pinkish magenta near the central areas over deeply mirrored surfaces.
1796 25c NGC MS64PL B-2 Prooflike Draped Bust Quarter
Price: $210,000.00
Blast white with nice mirrored prooflike surfaces. This coin is simply amazing in this state of preservation. More details to come later.
1837 25c NGC MS66 Toned Capped Bust Quarter
Price: $26,500.00
The fields are prooflike and nicely reflective popping the sunset tones off the surface of the coin.
1879 25c PCGS PR64CAM Morgan Quarter Pattern J-1593
Price: $15,750.00
J-1593. Rarity High 6. There are no heavy hairlines in the fields and the frosted devices and design elements glow off the mirrored fields.
1882 25c NGC PF67 Incredibly Toned Proof Seated Qtr.
Price: $4,400.00
Deeply toned with typical proof type toning of yellow, blue-green, blue, and magenta on both the obverse and reverse over immaculate Superb Gem fields that have excellent mirrors and no haze whatsoever.
1905 25c PCGS PR66CAMEO Toned Proof Barber Qtr.
Price: $4,350.00
Stunning shades of royal blue, teal green, magenta, and heavy orange envelop the deeply mirrored proof surfaces accented by nice cameo contrast between the devices and fields.
1797 50c PCGS VF25 Rare Draped Bust Small Eagle Half Dollar
Price: $67,000.00
O-102, Low R6. The U.S. mint produced a mere 3,918 half dollars dated 1796 and 1797 and less than 200 are estimated to survive today.
1853 50c ANACS AU55 Arrows and Rays Seated Half Dollar
Price: $650.00
Very light hairlines from an old past cleaning with original tanned brown and orange patination lightly over a portion of the obverse with an overall sandy color throughout.
1935-D 50c PCGS MS66 PQ Walking Liberty Half Dollar
Price: $7,500.00
A creamy white example with a hint of pale rose over lustrous original surfaces. There are no notable contact marks, grazings, rim problems, or otherwise anything that should keep this coin out of a superb gem holder because it's all there!
1856 $1 PCGS PR65 Toned Proof Seated Dollar 'Finest Known'
Price: $40,000.00
Billowing shades of emerald green, powder blue, and pink with hints of royal blue shimmer off the deeply reflective Gem Proof surfaces. The reverse is equally amazing with robust shades of cobalt blue, pink, gold, green, and orange.
1863 $1 PCGS PR64 Toned Proof Seated Dollar
Price: $5,500.00
Fully original with medium brown toning over deeply mirrored surfaces. A beautiful piece we do not plan on messing with to get into a higher holder, as this piece certainly has the potential!
1868 $1 NGC PF66 CAMEO Toned Proof Seated Dollar
Price: $19,500.00
Outstanding album coloration throughout consisting of concentric shades of deep vibrant golden orange in the central areas blending into a burnt magenta near the rims and ending in shades of royal blue right near the dentils.
1879-O $1 PCGS PR65DCAM Proof Morgan Dollar
Price: $285,000.00
New Orleans Branch Mint Proof. Mindblowing!
1801 $10 NGC MS63 Turban Head Gold Eagle
Price: $62,500.00
Undoubtably Mint State, this example exhibits a medium gold color with a nice original skin. A very beautiful coin indeed.
1860 $5 NGC MS61 Mormon Five Dollar Gold Piece
Price: $95,000.00
Bright yellow-gold and nice luster throughout. More details to come later.
1873 $20 NGC PF63 ULTRA CAMEO Proof Liberty Double Eagle
Price: $92,500.00
This coin is the what proof gold coin afficionados dream about. Deep penetrating fields with watery surfaces accentuate and outline the deeply contrasted design elements.
1907 $20 NGC MS64 High Relief St. Gaudens - Wire Edge
Price: $32,000.00
Will this coin upgrade to an MS65? Nope. But it's the nicest damn MS64 you can hope to find for our asking price.
1915-S 50c PCGS MS66 Panama-Pacific Commemorative
Price: $3,950.00
Bright white with a light golden brown patination throughout. The luster is strong and the coin is exceptionally nice for the assigned grade.
1925-S 50c NGC MS66 Toned California Commemorative
Price: $1,750.00
Nice and originally toned with bands of rainbow hues extending from the rims all the way around both the obverse and reverse. A light rosy grey patination covers the central areas. A very beautiful piece indeed.
1928 50c NGC MS65 Toned Hawaiian Commemorative
Price: $6,200.00
Deep shades of emerald green, hints of blue, and russet surround Captian Cook on the obverse with a pale hint of lavender over peach toned central areas.
1935-D PCGS MS65 Lustrous Texas Commemorative
Price: $295.00
This piece breaks the mold with intense white lustrous surfaces and extremely clean and mark free design elements.
1935-S 50c NGC MS66 Toned Texas Commemorative
Price: $550.00
Lightly toned with original tanned patination with hints of golden yellow and apricot near the rims.
1936-D 50c PCGS MS67 Toned Texas Commemorative
Price: $680.00
Nice original russet toning in crescents on both the obverse and reverse while the surfaces exhibit soft satiny luster throughout.
1867 $1 NGC PF67RB Toned Proof Seated Dollar J-592
Price: $19,500.00
J-592. Rarity Low 7 (4-7 estimated to exist). Struck from regular proof dies. These pieces were part of the complete copper proof sets struck for 1867. Finest Known!
1877 50c PCGS PR65BN Morgan Copper Half Dollar J-1513
Price: $28,500.00
J-1513. Rarity Low 7. (4-12 known) Obverse featuring George T. Morgan's familliar depiction of Liberty encircled by a beaded ring. Reverse featuring Morgan's defiant eagle encircled by a beaded ring.
A thin veil representing market softness was laid over an overall strong market at Long Beach. Those who looked hard enough could easily see through this transparent and temporary hiccup if they took note of the following factors. :
1. Many dealers and collectors did a huge amount of buying at the Denver ANA through both the auctions and from what dealers came back with from the show. Since Long Beach was scheduled almost immediately after this large buying exhibition, this contributed to the lack of available funds for dealers to purchase with at Long Beach.
2. Gold Gold Gold. With so many dealers keeping a large a portion of their inventory in bullion and generic gold, it's no wonder that the kick-in-the-balls gold took right before the start of the show had an adverse effect. With gold dropping, dealers were not enthusiastic about adding to their inventories.
3. The bulk of the decline in dealer interest was in areas that were destined to correct price-wise. For instance, common date MS64-MS66 Morgan dollars and mid-grade available commemoratives seemed to be very soft. Since many dealers carry alot of these commodity type coins, they too were hesitant to add to their existing inventories.
The good news is that those who specialize in early type, and exceptionally nice coins did fairly well at the show. We did manage to sell a couple of very rare patterns, most of our key date collector coins, and our VF30 high relief St. Gaudens among the other more common coins we tend to sell alot of at shows like this. Long Beach simply proved what we have been telling clients for quite some time. Buy the best you can afford at the time because there will be more interest in it when it comes time to sell. Stay away from commodity type coins because they will be the first to take a hit if the market slows down. Overall, the market is still strong but did recently suffer the obvious effects of too many big buying shows too close together coupled with a market correction for generic Morgans and a drop in the price of gold.
Soft Areas:
Generic Gold
Common Date Morgans MS64-MS66
Mid-Grade Common Early Commemoratives.
Barber halves are still a bit on the weak side but demand is still present.
Strong Areas:
Patterns (recently much more collector interest in these rare beauties)
Early Silver Type (Flowing Hair and Draped Bust)
Early Coppers 1793-1807
Proof Gold
Seated Dollars (both proof and business strike)
Proof Seated Halves and Dollars
Mint State Red and Red Brown key and semi-key indian cents
Matte Proof Lincoln Cents
Well Struck and high grade Buffalo Nickels
1652 12p NGC AU50 Pine Tree Shilling - Noe 5.
Price: $12,000.00
The reverse is brighter than the obverse with good luster while the obverse has a fairly thick patination present.
1787 1c PCGS AU58 Fugio Cent - STATES UNITED, 4 Cinq
Price: $2,500.00
Chocolate brown throughout with very light hints of maroon in the protected areas. A very choice example that is ever so slightly circulated with minor rub on the high points the only light evidence of handling.
1787 1c PCGS MS62BN Fugio Cent - STATES UNITED, 4 Cinq
Price: $3,650.00
Attractive and undoubtably mint state, this fantastic Fugio Cent exhibits medium brown surfaces with an ice-blue sheen and hints of very subtle rose.
1787 1c PCGS MS63RB Fugio Cent - STATES UNITED 4 Cinq
Price: $5,200.00
Copper red with pink highlights envelop the devices in the protected areas. A hint of ice blue sheen covers the lustrous surfaces of this exquisite Mint State Fugio Cent.
1793 1c PCGS MS64BN Vine & Bars Wreath Cent
Price: $138,500.00
1793 1C Wreath Cent Vine and Bars PCGS MS64 BN . S-9, B-12, R.2. 130+ Years of Provenance. Plate Coin for Breen's Large Cent Encyclopedia.
1793 1c PCGS VF20 Attractive Chain Cent - With Periods
Price: $32,500.00
A nice light medium brown example with no rim bruises, planchet voids, or visual distractions.
1793 1c PCGS XF40 Impressive Chain Cent - AMERICA
Price: $60,000.00
A very impressive example of a deep olive brown coloration and very sharp details for the grade.
1802 1c PCGS MS64BN Mint State Draped Bust Large Cent
Price: $16,750.00
The coin is undoubtably mint state with no marks or distractions that you would figure might drop this coin down from an MS65.
1814 1c NGC AU55BN Classic Head Large Cent
Price: $2,650.00
Liberty's profile is moderately doubled with the most prominent doubling on Liberty's chin. There are no spots, stains, discoloring, or large hits on this coin. A very beautiful piece of a more difficult type to find nice.
1861 1c NGC MS62 Confederate States of America Cent - Original
Price: $140,000.00
Medium brown with obviously mint state original surfaces. More description to come later.
1919-S 5c PCGS MS64 Toned Buffalo Nickel
Price: $4,650.00
Superb strike quality and struck from dies showing some deterioration (which is cool) and it exhibits some spectacular natural colors across the obverse with a not-suprisingly muted reverse.
1937-D 5c NGC MS64 Three-Leg Buffalo Nickel
Price: $7,400.00
A choice example of this popular variety. Obviously mint state with no sign of wear on the high points.
1797 H10c PCGS MS63 Draped Bust Half Dime - 15 Stars
Price: $29,250.00
Incredibly well preserved with light original surfaces and moderate luster, this half dime is an outstanding example.
1827 10c NGC MS65 Toned Capped Bust Dime
Price: $10,000.00
Beautifully toned with shades of royal blue, turquoise, light purple, and hints of burnt orange on both the obverse and reverse.
1833 H10c NGC MS64 Toned Capped Bust Half Dime
Price: $1,200.00
Dark rosy brown with lighter tanned rosy sandalwood highlighted by hints of icy blue with truly magnificent original surfaces. The reverse displays attractive shades of blue with gold highlights and hints of muted plum.
1836 H10c NGC MS64 Toned Capped Bust Half Dime
Price: $1,200.00
Attractive clouds of burgandy blending into shades of orange, gold, muted ice blue, and hints of rosy pink across both the obverse and reverse of this exceptionally preserved Capped Bust Half Dime. Greysheet wholesale is $950.
1882 10c PCGS PR65 Toned Proof Seated Dime
Price: $1,575.00
Teal green blending into a deeper blue and then into a pinkish magenta near the central areas over deeply mirrored surfaces.
1796 25c NGC MS64PL B-2 Prooflike Draped Bust Quarter
Price: $210,000.00
Blast white with nice mirrored prooflike surfaces. This coin is simply amazing in this state of preservation. More details to come later.
1837 25c NGC MS66 Toned Capped Bust Quarter
Price: $26,500.00
The fields are prooflike and nicely reflective popping the sunset tones off the surface of the coin.
1879 25c PCGS PR64CAM Morgan Quarter Pattern J-1593
Price: $15,750.00
J-1593. Rarity High 6. There are no heavy hairlines in the fields and the frosted devices and design elements glow off the mirrored fields.
1882 25c NGC PF67 Incredibly Toned Proof Seated Qtr.
Price: $4,400.00
Deeply toned with typical proof type toning of yellow, blue-green, blue, and magenta on both the obverse and reverse over immaculate Superb Gem fields that have excellent mirrors and no haze whatsoever.
1905 25c PCGS PR66CAMEO Toned Proof Barber Qtr.
Price: $4,350.00
Stunning shades of royal blue, teal green, magenta, and heavy orange envelop the deeply mirrored proof surfaces accented by nice cameo contrast between the devices and fields.
1797 50c PCGS VF25 Rare Draped Bust Small Eagle Half Dollar
Price: $67,000.00
O-102, Low R6. The U.S. mint produced a mere 3,918 half dollars dated 1796 and 1797 and less than 200 are estimated to survive today.
1853 50c ANACS AU55 Arrows and Rays Seated Half Dollar
Price: $650.00
Very light hairlines from an old past cleaning with original tanned brown and orange patination lightly over a portion of the obverse with an overall sandy color throughout.
1935-D 50c PCGS MS66 PQ Walking Liberty Half Dollar
Price: $7,500.00
A creamy white example with a hint of pale rose over lustrous original surfaces. There are no notable contact marks, grazings, rim problems, or otherwise anything that should keep this coin out of a superb gem holder because it's all there!
1856 $1 PCGS PR65 Toned Proof Seated Dollar 'Finest Known'
Price: $40,000.00
Billowing shades of emerald green, powder blue, and pink with hints of royal blue shimmer off the deeply reflective Gem Proof surfaces. The reverse is equally amazing with robust shades of cobalt blue, pink, gold, green, and orange.
1863 $1 PCGS PR64 Toned Proof Seated Dollar
Price: $5,500.00
Fully original with medium brown toning over deeply mirrored surfaces. A beautiful piece we do not plan on messing with to get into a higher holder, as this piece certainly has the potential!
1868 $1 NGC PF66 CAMEO Toned Proof Seated Dollar
Price: $19,500.00
Outstanding album coloration throughout consisting of concentric shades of deep vibrant golden orange in the central areas blending into a burnt magenta near the rims and ending in shades of royal blue right near the dentils.
1879-O $1 PCGS PR65DCAM Proof Morgan Dollar
Price: $285,000.00
New Orleans Branch Mint Proof. Mindblowing!
1801 $10 NGC MS63 Turban Head Gold Eagle
Price: $62,500.00
Undoubtably Mint State, this example exhibits a medium gold color with a nice original skin. A very beautiful coin indeed.
1860 $5 NGC MS61 Mormon Five Dollar Gold Piece
Price: $95,000.00
Bright yellow-gold and nice luster throughout. More details to come later.
1873 $20 NGC PF63 ULTRA CAMEO Proof Liberty Double Eagle
Price: $92,500.00
This coin is the what proof gold coin afficionados dream about. Deep penetrating fields with watery surfaces accentuate and outline the deeply contrasted design elements.
1907 $20 NGC MS64 High Relief St. Gaudens - Wire Edge
Price: $32,000.00
Will this coin upgrade to an MS65? Nope. But it's the nicest damn MS64 you can hope to find for our asking price.
1915-S 50c PCGS MS66 Panama-Pacific Commemorative
Price: $3,950.00
Bright white with a light golden brown patination throughout. The luster is strong and the coin is exceptionally nice for the assigned grade.
1925-S 50c NGC MS66 Toned California Commemorative
Price: $1,750.00
Nice and originally toned with bands of rainbow hues extending from the rims all the way around both the obverse and reverse. A light rosy grey patination covers the central areas. A very beautiful piece indeed.
1928 50c NGC MS65 Toned Hawaiian Commemorative
Price: $6,200.00
Deep shades of emerald green, hints of blue, and russet surround Captian Cook on the obverse with a pale hint of lavender over peach toned central areas.
1935-D PCGS MS65 Lustrous Texas Commemorative
Price: $295.00
This piece breaks the mold with intense white lustrous surfaces and extremely clean and mark free design elements.
1935-S 50c NGC MS66 Toned Texas Commemorative
Price: $550.00
Lightly toned with original tanned patination with hints of golden yellow and apricot near the rims.
1936-D 50c PCGS MS67 Toned Texas Commemorative
Price: $680.00
Nice original russet toning in crescents on both the obverse and reverse while the surfaces exhibit soft satiny luster throughout.
1867 $1 NGC PF67RB Toned Proof Seated Dollar J-592
Price: $19,500.00
J-592. Rarity Low 7 (4-7 estimated to exist). Struck from regular proof dies. These pieces were part of the complete copper proof sets struck for 1867. Finest Known!
1877 50c PCGS PR65BN Morgan Copper Half Dollar J-1513
Price: $28,500.00
J-1513. Rarity Low 7. (4-12 known) Obverse featuring George T. Morgan's familliar depiction of Liberty encircled by a beaded ring. Reverse featuring Morgan's defiant eagle encircled by a beaded ring.
Brandon Kelley - ANA - 972.746.9193 - http://www.bestofyesterdaycollectibles.com
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