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Doug Winter's Dahlonega State of the Market report
RYK
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In my second State of the Market report, I look at the always popular area of Dahlonega gold and see what’s up with these coins.
Dahlonega gold coins clearly remain the most avidly collected of the three southern branch mints. But this market has become very two-tiered in the past few years. Because of this market bifurcation, prices have fluctuated recently and two coins of the same date in the same grade can have wildly divergent values.
Link to the rest of the report
I have little to quibble about from my perspective. I did not know that that there were as many date collectors of Dahlonega gold dollars as there appear to be, and I must also agree that 1861-D gold dollars and half eagles i9n problem-free condition are as rare as hen's teeth.
Interest in Dahlonega coinage appears to be solid, and the availability of original, nice-for-the-grade coins is next to nil. The one-year types (39-D QE, 38-D $5, 39-D $5) are under very heavy demand. Hopefully, FatMan will find his last remaining type soon (before prices rise again).
Dahlonega gold coins clearly remain the most avidly collected of the three southern branch mints. But this market has become very two-tiered in the past few years. Because of this market bifurcation, prices have fluctuated recently and two coins of the same date in the same grade can have wildly divergent values.
Link to the rest of the report
I have little to quibble about from my perspective. I did not know that that there were as many date collectors of Dahlonega gold dollars as there appear to be, and I must also agree that 1861-D gold dollars and half eagles i9n problem-free condition are as rare as hen's teeth.
Interest in Dahlonega coinage appears to be solid, and the availability of original, nice-for-the-grade coins is next to nil. The one-year types (39-D QE, 38-D $5, 39-D $5) are under very heavy demand. Hopefully, FatMan will find his last remaining type soon (before prices rise again).
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Comments
let me open firefox. thanks for posting.
but what did one expect to happen when you deal in a coin
area that only has a limited pool of coins available?
the better he places the D coins, the more likely he is left with
squat to sell??
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I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>i wonder why doug fails to make his website viewable in opera. >>
It wouldn't surprise me if Doug didn't know what Opera is nor that his website didn't work with it. He probably has someone else work on his website and that person probably doesn't have Opera testing on their priority list.
Sorry, but I would not offer an opinion based on that photo.
"...this market has become very two-tiered in the past few years."
"Because of this market bifurcation, prices have fluctuated recently and two coins of the same date in the same grade can have wildly divergent values "
"The more expensive coins are a bit harder to sell unless they are rarer issues."
"Very high quality pieces are extremely elusive and the few Finest Known or Condition Census pieces which have come onto the market in the past few years have brought strong prices. "
"Clearly, the better dates in this series have been hurt by a number of vastly overgraded coins put into holders by the grading services."
"Most of the pieces currently on the market are processed, overgraded (blank condition)'s. "
"...most of the ones offered at auction these days are low end and unoriginal. "
"I know of a few (fill in the blank) that have appeared in at least four or five consecutive auctions as well as on various dealers’ websites. "
"Prices have risen for lower grade examples but I find the higher end of the (blank) market to be somewhat weak right now."
"The culprit for this, of course, is the abundance of overgraded coins. "
"... the nice coins just aren’t readily available. "
"...finding attractive, original coins can be very challenging. "
Your example looks well struck and even looks to have a very slight PL look to it. The problem as I see it is the coin was dipped and the slight PL look has been intensified and every circulation mark ranging from hairlines to little nicks are magnified. This is a coin that would have looked far better if left original. It likely was graded in the 53 to 55 range. From the image, it is difficult to offer a complete assessment.
Experience the World through Numismatics...it's more than you can imagine.
Interesting report.
I wonder why Charlotte gold doesn't have as many "avid" collectors as Dahlonega gold? Both are very similar
in their minting history (why they started, what they minted, why they stopped..).
I think that Winter is a relatively young guy, so I don't think he is looking to publish is swan song just yet. However, there is an incredible demand for a price guide such as this, and this would be the feather in his cap for his career in Southern gold. So long as he can support the pricing structure, this guide will finally result in an orderly two-tiered market that has been somewhat disorderly and inconsistent to this point.
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
in their minting history (why they started, what they minted, why they stopped..).
There are plenty of Charlotte gold enthusiasts... the numbers rival those who pursue Dahlonega product. Any price guide and prevailing market conditions reflect relatively the same demand (and prices) for Charlotte & Dahlonega coins. I've fielded numerous (avg 1 per every 1-2 weeks for the past 2+ years) offers on my Half Eagle collection from both the major auction players and private dealers. So, the demand is there...
the 'dude