Numismatists Guild's annual market survey of major auction firms
suggests auction results and direct sales in 2016 totaled more than $4 billion.
President Dana Samuelson says that the total excludes bullion coins,
such as gold, silver or platinum American Eagles, and sales by the United States Mint.
said the demand for high-quality, rare United States coins picked up
significantly following the Nov. 9 presidential election.
auction firms that responded to the PNG survey are: Bonhams; Ira
& Larry Goldberg Auctioneers; GreatCollections Coin Auctions; Heritage Auctions; David Lawrence
Rare Coins; Legend Rare Coin Auctions; Scotsman Coin &
Jewelry; and Stack’s Bowers Galleries.
aggregate prices realized for U.S. coins sold at major public auctions
in 2016 totaled $341,815,542. The totals were $439 million in 2015;
$536 million in 2014; and $393 million in 2013. One firm, Heritage
Auctions, accounted for $192 million of the 2016 total. All totals
include the buyer’s premiums, to reflect the actual, full prices paid
by winning bidders.
several years of higher prices and the spectacular sales of several
legendary coin collections, the U.S. rare coin market softened in
2016,” Samuelson said. “But after the November elections, there was a
notable increase in demand for high-quality rare coins, including
those priced at $100,000 or more.”
PNG Executive Director Robert Brueggeman, “Over the decades the U.S.
rare coin market moves in cycles, and the long-term trend is up. We
believe 2017 will be an opportunity for astute collectors to be buying.”
coins sold for $1 million or more at auction in 2016, compared to a
record-setting 17 during 2015.
four million-dollar coins sold at public auction in 2016 are:
Barber dime, graded Professional Coin Grading Service Proof 66,
$1,997,500, sold by Heritage Auctions.
Quintuple Stella (pattern $20 denomination gold coinm Judd 1643), PCGS
Proof 64 Deep Cameo, $1,888,000, sold by Legend Rare Coin Auctions.
Capped Head Left, Large Date $5 gold half eagle, PCGS Proof 67, $1,351,250, sold by Stack’s Bowers Galleries.
Draped Bust silver dollar, PCGS Specimen 66, $1,057,500, sold by Stack’s Bowers Galleries.
fifth coin crossed the million-dollar mark in a private sale in late
2016, and although the purchase price was not disclosed, it was
reported the coin is insured for $8 million for a planned public
display in early 2017. The coin is a Numismatic Guaranty Corp. Mint State 67 1861
Coronet, Paquet Reverse $20 gold double eagle.
An almost record
coins that were expected to break the $1 million barrier in 2016
failed to meet their reserves. The expected stars were in the fourth
installment of the D. Brent Pogue Collection on May 24, 2016 — the
finest known 1804 Draped Bust silver dollar and the only collectible
1822 Capped Head gold $5 half eagle. The dollar received a top bid of
The prized dollar was ultimately passed at $9.2 million, which with a
17.5 percent buyer’s fee would have realized $10.81 million and set a
record for a coin at auction, had the bid been accepted. The half
eagle also failed to sell after reaching bidding of $6.4 million.
Professional Numismatists Guild was founded in 1955. PNG
member-dealers must adhere to a strict code of ethics in the buying
and selling of numismatic merchandise.
a copy of "The Pleasure of Numismatics," an informative,
ten-page illustrated educational booklet about collecting rare coins,
paper money, tokens and medals, send $1 to: Professional Numismatists
Guild, 28441 Rancho California Road, Suite 106, Temecula, CA 92590.
additional information about the PNG and a complete list of
member-dealers, visit online at www.PNGdealers.org or call the PNG headquarters in
Temecula at 951-587-8300.