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Brian’s Rare Coin Market Report and Outlook August 10, 2017

By Brian Kendrella, President

Author: Brian Kendrella / Thursday, August 10, 2017 / Categories: Brian’s Rare Coin Market Report and Outlook

I am just now getting a moment to decompress from a very active and dynamic ANA World’s Fair of Money.  Our auction and activity on the bourse floor exceeded our expectations and from these results we see that the numismatic market alive and well.

The clear highlight of our auction and the entire show was the Lord St. Oswald-Norweb 1794 Flowing Hair silver dollar, which realized $2.8 million, far exceeding our estimate of $2.0 million.  In fact, Stack’s Bowers auctioned 5 of the 7 most valuable US coins at the ANA convention and has auctioned 17 of the top 20 US coins thus far in 2017. This continues the trend from 2016 when we auctioned 15 of the top 20 US coins. 

It is clear to us that there are two major drivers of the strong prices we are seeing in our auctions – a very strong interest from our customer base in rarities and an overall shortage of available good to great coins.  These two factors result in tremendous competition and great prices realized for our consignors.

In addition to US coins, our ANA auction featured World and Ancient coin, US currency, and World currency sessions as well.  These specialties also performed well, with the prices realized for every world and ancient coin session exceeding high estimate.  Our US and world currency sessions achieved price totals that were solidly between high and low estimate. 

Next week, I will be in Hong Kong as we host our Hong Kong Auction along with the Hong Kong Coin Show.  This is our gateway to the very exciting and dynamic Asian market and we expect strong results.  If you plan to attend next week, I look forward to seeing you!

Overall, the market remains strong and we have a robust selection of exciting rarities and collections in the pipeline for our upcoming auctions.  If you are interested in consigning, please contact me and I will be happy to work with you.

I look forward to hearing from you.

All the best,

Brian Kendrella