Today there is massive demand for both types of Panama-Pacific International Exposition gold $50 “slugs,” which are rarely found in top Gem grades since many were purchased by noncollectors and subsequently handled.
The average person would find it hard to accept that a 1979 Lincoln cent — a coin with a mintage of just over 6 billion — can be worth thousands of dollars.
The breadth of Heritage’s FUN auctions meant that collectors had a wide-range of choices if they were looking for a key date to add to their sets.
While PCGS has graded nearly 80 1959-D Lincoln cents in MS-67 red and these sell for around $200, the absence of any PCGS MS-68 examples puts pressure on the three MS-67+ red examples that are the finest currently certified by PCGS.
Heritage’s 2017 Florida United Numismatists convention auctions realized more than $42 million across more than 8,000 lots in its U.S. coin sessions held Jan. 4 to 9 in conjunction with the Fort Lauderdale show. The FUN auctions are noteworthy for their depth and the sheer volume of coins offered, and within these thousands of lots are many coins with great stories,...
Texan Bob Simpson is well-known for his pattern collection, which — prior to the current offering — contained nearly 1,800 of the 2,000 patterns listed in the most recent edition of United States Pattern Coins by J. Hewitt Judd, edited by Q. David Bowers.
Less than 20 years old, a 1997 Lincoln cent graded Mint State 68 red by PCGS sold for $763.75 in an October 2016 Heritage auction. The grading service now records 24 examples in this grade, compared to the 13 graded back in 2013 when an example sold for $1,997.50. Still, not a bad return on a cent.
Damage can be minor or major, but damage is rarely as dramatic and plain weird as seen on this 1872-CC Coronet gold $10 eagle graded About Uncirculated Details, Damaged, by the Numismatic Guaranty Corporation.
Unlike in previous Heritage FUN Platinum Night auctions, there were no million dollar standouts in this year’s offering.
While cleaning can have a gray area as to what is market acceptable and what isn’t, a polished coin is much easier to spot and define. At Stack’s Bowers’ 2016 Summer ANA auction, this 1930-S Indian Head $10 eagle graded AU Details, Polished, by NGC, had the fully unnatural luster and glossiness that one would expect from a heavily polished coin.