The American Numismatic Association World’s Fair of Money in
Rosemont, Ill., Aug. 16 to 20, is shaping up to be a monster show,
fueled by record gold prices, major auctions that could bring more
than $60 million and a packed floor of dealers ready to spend money to
On Aug. 3, gold hit $1,675 an ounce during the day’s trading — an
all time record high — and silver reached almost $42 an ounce. While
silver still has room to go to reach the nearly $50 an ounce where it
traded several months ago, remember that at this time last year it was
trading for $18.42 an ounce.
ANA Executive Director Larry Shepherd has predicted that the show,
pre-show and auctions — along with a record-setting 220,000
square-foot bourse (more than double last year’s show in Boston) —
will be a grand event in the ANA’s history.
Dealers are hopeful that collectors from around the world will make
the trip to the Chicago suburb of Rosemont, and that the ANA’s
marketing will target a public willing to sell their coins and cash in
on their gold, perhaps sparked by the mainstream news attention that
the Langbord 1933 Saint-Gaudens gold double eagle trial generated.
Others may have gotten their first taste of a major coin show when
the Central States Numismatic Society show rolled into Rosemont at the
end of April, and are now coming back for more.
The bulk of the auction action will be at Stack’s Bowers Galleries
Rarities Night auction on Aug. 18 and at Heritage Auction’s Platinum
Night sale on Aug. 12. The auctions offer too many rarities to
individually list, but an interesting market test will come when
Heritage offers an 1893-S Morgan dollar graded Mint State 67 by
Numismatic Guaranty Corp.
In 1988 when offered as part of the Norweb Collection, it brought
$357,500, a record for any Morgan dollar at the time. When offered at
auction in 2008, it failed to find a new home.
The dollar had significant toning when it crossed the auction block
in 1988, but when offered 20 years later, it was white and brilliant.
Many preferred the former look to the latter.
However, the 2011 photographs of the coin are more handsome than the
2008 photos, so perhaps it will set a record again? The 1893-S Morgan
dollar had a bid of $170,000 as of Aug. 4. ■