Skip to main content

Confident Sellers Bring Unique Coins to Auction

1870-S $3 gold graded SP-50. (Image courtesy Heritage Auctions, HA.com.)

1870-S $3 gold graded SP-50. (Image courtesy Heritage Auctions, HA.com.)

One important takeaway from the Florida United Numismatists (FUN) Convention is that there are three unique U.S. coins being auctioned during the show. While Heritage is auctioning each of these rarities, the coins originated from separate collections, once again demonstrating the confidence multiple coin owners have in selling their coins into the current rare coin market. The coins involved are the 1870-S Seated Liberty half dime from the Bender family collection, 1870-S $3 gold from the Harry Bass collection and the 1873-CC No Arrows Seated Liberty dime from the Pestwick collection. 

The market for coins continues to fire on all cylinders. Thanks to the somewhat weakened U.S. dollar on the world market, the spot price of gold and silver continue their upward climb, increasing the value of the many intrinsic content-impacted coins being purchased and sold. 

The bullion-impacted gold and silver coin sector of the market is important not only to interested collectors, but to gold bugs and other precious metal investors who may find this upsurge drawing their attention to the more collectible sectors of the market as well. 

New U.S. Mint products continue to sell well not only on their initial offerings, but also in the secondary market. 

The only area of weakness is in proof and mint sets, which are flat-lined due to a weak secondary market. 

The middle area of the overall market – where coins are collectible but are more likely to become available – continues to perform well, with particular interest being focused by many on Morgan silver dollars. 

The new year starts with the FUN show, and this year looks to be the launch pad for a market that continues to grow.