Coins We Love: Amazing "Quarter"ly Issue
Important Note: If you are sending us packages (which we encourage!) Please call us first so we know to expect your package. Depending on the package, we may have special procedures that can help you with expediting your delivery.
As much as I wanted to stay away from writing about anything related to the virus, it’s hard to avoid in today’s environment. That being said, we wanted to let you know that we are abiding by the suggestions of the CDC and as new rulings are distributed, we are taking them all into advisement to best support our team at DLRC and as well as you, our customers. We are making some changes internally, which will likely go virtually unnoticed by customers, but thankfully we have long been set up to have multiple offices and spaces in our headquarters, so we are doing our best to keep our “social distance”.As things change on a minute by minute basis, we may see some slight delays in shipping times and in package arrivals. We are doing our best to stay on top of everything and will continue to do our best to support you, our valued customer, and to give you the best service possible, while balancing out the needs of the health and well-being of our folks in the office.
So, the inevitable question that most people are asking is “what is happening with the coin market?” Well, I’ve been talking to other dealers, wholesale, retail, vest-pocket, coin shop owners, and show promoters… the answers are as varied as the jobs, but the overall sense I get is that there isn’t a feeling of panic. Coins are not only a comfort to collectors, but it’s been an alternative investment, and a hobby that can be enjoyed. Are the metals going crazy? Yes…but the US mint ran out of silver 2 weeks ago and while silver has dropped over $5 per ounce, the premiums are skyrocketing, so a silver eagle would cost you more currently than it did when silver was higher. It’s ridiculous, but shows how multiple factors can affect a marketplace.
Overall, most of the folks that we’ve spoken to, (at least those with a web presence or established customer base) have seen a slight bump in business in the last week. This may be a surprise to many, but we’ve seen quite a bit of activity and are optimistic that the market will continue to hold. With the next 2-3 major coin shows already being canceled, dealers will start seeing a lack of available material as well. As this occurs, more coins will leave the wholesale portion of the coin market and will become available to collectors. As a buyer, this drop has actually energized our buying and our auctions. While there have been some panic sellers from smaller dealers due to the lack of shows to stimulate their business, we’ve utilized our opportunities to not only help the smaller dealers, but to ramp up our inventory. So, you won’t see a lack of coins over the next few weeks…in fact, we’ll have time to get more of these new items processed and moving along into the auctions.
Should you as a collector panic? Well, thankfully coins have likely been more stable than many other investments in recent weeks…hopefully that continues and I strongly believe that we’ll see more money leaving the stock market and jumping into hard assets or alternative vehicles. This has always been good for the coin hobby and I don’t see how that is different now.
Somehow we've gotten this far into Coins We Love and not said one word about the amazing quarter collection that we have ending in Sunday’s auction, Red’s Silver Washington Quarter Collection. The coins are absolutely incredible and we hope that you’ll enjoy viewing them and might find a few that fit your collection as well. If you have any questions, don’t hesitate to email or call us and we’ll be happy to chat with you. In the meantime, please stay safe and let us know if we can be of assistance, whether it’s buying, selling, or just chatting coins, that’s what we’re here for and that’s what we hope we can do for you!
Sincerely,
John Brush and Your Friends at DLRC
Value:The PCGS Price Guide suggests $90,000, and the CPG comes in at $90,800. We’re starting this one off with no reserve, so this could be a truly fantastic steal for one lucky bidder. The other MS66 piece has traded hands more often, and this specimen last sold publicly in 2015 for $82,250. Bidding is still below $70,000, so there’s plenty of room left to add this to your collection for a great price!
Value:The PCGS Price Guide puts this gem at $32,500, and the CPG suggests $34,500. We’re offering this one with no reserve as well, giving you a fantastic opportunity. This specific example last sold at public auction in 2013 for $35,250. Bidding is still under $30,000, so don’t miss out while it lasts!
Value:The PCGS Price Guide suggests $26,000, and the CPG is at $22,400. We’re starting it with no reserve, and it’s still under $10,000. This specific example sold in 2013 for $21,150. There are no more recent public auctions of the grade, making this the first time in seven years that an example has been on the market.
Value:It’s hard to price a coin that’s four points above the nicest example to sell at auction, but the PCGS Price Guide suggests $40,000. The CPG stops at MS66 for the issue. We’re starting it off with no reserve, and bidding is still under $30,000. A comparable piece may not appear on the market for years, if not decades, so don’t miss out on this fantastic opportunity while you have the chance.
Value:The PCGS Price Guide suggests $27,500, and the CPG is at $33,300. We’re starting it with no reserve, and it’s currently still under $30,000. The only auction record for the grade is from 2013, when the same coin offered here realized $27,500. None have come up for auction since, and we imagine it may be awhile before another appears.
Value:The PCGS Price Guide suggests $15,000, and the CPG is at $10,600. We’re starting it off low at $10,500 to leave plenty of room for bidding. The last auction of this Civil War date in PF67 was in 2016 and realized $15,275, so we expect quite a bit of interest at this price point.
Value:The PCGS Price Guide recommends $15,000, and the CPG is at $14,200. We’re starting it off at $12,000 with plenty of room for bids. This flashy registry-quality piece won’t last long, so get in on the bidding early!
Value:The PCGS Price Guide puts this coin at $4,000, and the CPG suggests $4,120. We’ve had it listed at $4,750, but we’ll let it go for as little as $4,250 via Make Offer. These beautiful and historical issues had a mintage of only 5,569, and only eight are graded finer than this gorgeous piece.
Value:The PCGS Price Guide and CPG both put this coin at $7,500. We’re making it available for just $6,500 via Make Offer, a significant discount on the price guides. We sold another example in the same grade for that price in 2018, so we expect a fast sell on this beauty.
Value:The PCGS Price Guide puts this coin at $27,500, and the CPG isn’t far off at $27,800. We’re giving you the opportunity to get a fantastic deal by starting the bidding at only $23,000, over $4,000 below either price guide. Bid early and bid often to avoid missing out.
Value:The NGC Price Guide suggests $11,900, the PCGS Price Guide is at $11,000, and the CPG recommends $11,100. We’re taking a big step below all of them and offering this beauty for only $8,750 via Make Offer.
Value:The PCGS Price Guide puts this piece at $6,000, and the CPG recommends $6,250. We’re starting it off below both at $5,250. This is the first MS65 of the date that we’ve had the pleasure to offer, and we’re excited to see how it does.
Value:The PCGS Price Guide suggests $5,500, and the CPG is at $4,380. We’re willing to let it go for just $3,750 via Make Offer, well below the price guides and many recent auction records. This piece will make a fantastic addition to any set of Red Indian Cents.
Value:The PCGS Price Guide puts this piece at $400, and the CPG suggests $390. We’ll let it go for just $350 via Make Offer, below the most recent auction record; one sold last month for $360.
Value:A rather specific variety, neither the PCGS Price Guide nor the CPG have a specific value for this issue. We’re willing to let it go for just $3,000, which is a fantastic deal for a top pop coin with such strong eye appeal. This one won’t last long!
Value:The NGC and PCGS Price Guides both put this piece at $400, while the CPG comes in at $390. We’re offering it for just $340 via Make Offer, an incredible opportunity to own this unique and distinctive coin.