Now that the January 2015 sale of Donald Partrick’s Massachusetts
silver coinage has passed, and the March 2015 offering of the enormous
Henry P. Kendall Foundation Collection of Massachusetts silver is
history, the auction horizon for major offerings of Massachusetts
silver has grown quite distant.
From the May 2014 sale of Eric Newman’s Massachusetts silver coins
until this March, more than 250 pieces of Massachusetts silver, mostly
high quality, have found new homes. As expected, this glut of new
supply in the market caused a dip in some prices, but these coins will
be digested and the market will plod along as before. The notoriety
from these collections, including a good deal of non-numismatic press
coverage, can only increase collector interest and demand in the long run.
Just as they did after the 2002 Hain Family Collection auction and
the 2005 John J. Ford Jr. Collection sale, dealer inventories have
become plump with more nice Massachusetts silver coins available for
purchase than would appear at auction over the course of several
normal years. A year or so after both the Hain and Ford auctions,
dealer inventories returned to their normal levels.
With the Colonial coin rarities of Newman and the Kendall Foundation
now tapped, the Colonial coin market looks forward expectantly to the
sales of the Eric Newman Collection of Colonial paper money and
further offerings of material from Donald Partrick. Many of the great
rarities from Partrick have already sold, though some lower grade
duplicates, in series like the Lord Baltimore and John Chalmers
issues, remain to be auctioned.
While the schedule of future Partrick offerings hasn’t been
announced, collectors should look forward to plentiful state coppers,
a specialty that was not well represented in the Kendall Foundation sale.
It’s a fascinating time to collect pre-Federal coins. There has
perhaps never been so much high quality material offered into the
marketplace in such a short interval. For those who can afford to
acquire top notch material, this is the ultimate buyer’s market.
Prices are not only lower than they have been on notable rarities,
but dealers are willing to work with small margins knowing more
auctions are on the way. Beyond the marquee pieces, each of the three
major collections sold in the last year has included pieces that have
sold for just a few hundred dollars (or less), enabling nearly every
collector to indulge in pieces from these famous collections.
More from CoinWorld.com:
federal judge rules against government in 1974-D aluminum cent case
error discovered in Mexico's Libertad bullion series
government calls in America's gold
surfing yields discovery of finest known Sheldon 96 1796 Draped
auction buy yields new 1798 Draped Bust dollar die marriage
Keep up with all of CoinWorld.com's news and insights by
up for our free eNewsletters
liking us on Facebook
us on Twitter
. We're also on