Tokens and medals remain, especially when compared with U.S. coins,
an area where discoveries can be made and even the rarest examples
trade at a fraction of what comparably desirable regular issue U.S.
coins would sell for.
Heritage’s June 10 and 12 Tokens and Medals Signature Auction was
held in conjunction with the Long Beach Coin, Currency, Stamp and
Sports Collectibles Expo. The $858,105 sale included many lots under
$100, but there are three we're profiling in this week's Market
Analysis that were a bit pricier and show distinct areas of the tokens
and medals market.
Here's a look at one:
1976 Bicentennial gold medal, MS-63
In 1976 and the years immediately leading up to it, the nation was
in a Bicentennial frenzy as the United States planned celebrations
honoring the 200th anniversary of the signing of the Declaration of
Independence. Thousands of special numismatic issues were struck and
among the most impressive and expensive is this gold medal measuring 3
inches in diameter struck by the United States Mint.
This large medal is number 316 of just 424 pieces struck. Containing
17.32 troy ounces of gold, many were melted in 1980 and again more
recently as gold reached record highs.
Connect with Coin World:
The obverse, depicting the Statue of Liberty, was the work of Frank
Gasparro. The reverse depicts the Great Seal of the United States.
Graded Mint State 63 by NGC, it is housed in a massive slab and sold
for $21,756.30 (or $1,256 an ounce). Considering that gold closed in
London on June 10 at $1,275.50, it seems that collectors continue to
resist paying a premium for these admittedly impressive gold medals.
Keep reading this Market Analysis:
What the finest known 'Union Forever' Civil War
token sold for $8,812.50
Hard Times token featuring anti-slavery message
tops $70,000 in auction