Silver has spiked nearly $1 over the past five trading days, breaching the $16 mark in intraday trading, but unable to hold over that threshold long, as the spot price now sits around $15.97. Multiple reports from commodities-related news outlets continue to relay the current shortage of privately fabricated silver rounds and bars, pushing lead times for delivery out further and further. One problem is that demand can be very volatile; just a few months ago, demand for silver bullion was significantly lower, so private minting companies are hesitant to invest in expansion for fear of getting hung out to dry. Supply of 2015 dated Silver Eagles is expected to run out well before the end of the year, as the Mint begins the process of converting to production of the 2016 eagle. Meanwhile gold, which does have its fair share of demand, remains in relatively good supply for both sovereign and privately minted products.

Legend Rare Coins Auction on Deck

The Regency XIV auction conducted by Legend Rare Coin Auctions takes place next week, headlined by the second part of the Coronet Collection of Morgan Dollars. The leader in pre-bidding activity is the MS61 1794 Flowing Hair half dollar, followed by the MS66 1901 dollar and the MS65/CAC 1895-O dollar, which displays pleasant toning.

This Week’s Price Changes

This week we reviewed high grade $20 Saint-Gaudens and Standing Liberty quarters, amongst others. As has been our practice recently, we have applied the (~~~) symbol to coins which have a population of zero or one if it has not traded recently. This is especially apparent with MS66 and MS67 Saints. We will continue to revise this series, as it is widely collected and popular. Equally popular are better date Standing Liberty quarters. They receive attention this week, along with higher grade Franklin half dollars.

Stacks Bowers Galleries Auction – Selected Results
Pogue Collection, Part II & Rarities Auction | Sept. 30–Oct. 1

The following are selected highlights from the $29+ million Stacks Bowers Galleries – Sotheby's live auctions of U.S. coins, held in New York City last week.

Lot

Description

Realized (w/BP)

2003

1807 Lg Stars, 50/20C PCGS MS65

$129,250

2021

1817/4 50c PCGS VF35

$282,000

2027

1818 50c PCGS MS67

$88,125

2041

1794 $1 PCGS MS66+

$4,993,750

2043

1795 Silver Plug $1 PCGS MS65+

$705,000

2046

1795 2 Leaf $1 PCGS MS65

$258,500

2047

1795 3 Leaf $1 PCGS MS64+

$258,500

2048

1821 $2.50 PCGS MS66+

$558,125

2055

1831 $2.50 PCGS MS67

$352,500

2065

1838 $2.50 PCGS MS67

$235,000

2067

1839-D $2.50 PCGS MS64

$105,750

2069

1795 Small Eagle $5 PCGS MS65

$646,250

2074

1798 Small Eagle $5 PCGS AU55

$1,175,000

2075

1795 Large Eagle $5 PCGS MS64

$282,000

2083

1803/2 $5 PCGS MS66+

$440,625

2089

1807 $5 PCGS MS65+

$235,000

2091

1795 9 Leaves $10 PCGS MS63+

$1,057,500

2092

1795 13 Leaves $10 PCGS MS66+

$2,585,000

2093

1796 $10 PCGS MS62+

$411,250

2094

1797 $10 PCGS MS61

$440,625

2097

1798/7 7x6 Stars $10 PCGS MS61

$705,000

2100

1799 Large Stars $10 PCGS MS65

$258,500

2105

1804 $10 PCGS MS63+

$440,625

22

1798/7 10c PCGS MS65+ CAC

$117,500

43

1950-D 50c PCGS MS66+ FBL CAC

$11,163

51

1889-CC $1 NGC MS61

$27,025

55

1796 No Stars $2.50 PCGS MS61 Gold CAC

$352,500

110

1880 Coiled Hair Stella $4 PCGS Unc Details, Polished

$258,500