Fall Shows & Auctions on the Horizon
This week the Silver Dollar & Rare Coin Expo in St. Charles, Missouri and the PCGS Member’s Only show in Las Vegas headline the coin show activity nationwide. Both of these events feature auction sales; Scotsman at the Silver Dollar show and Legend Rare Coin Auctions in Vegas. Both shows will also have on-site grading offered by PCGS.
As indicated last week, the Scotsman sale features a wide range of material, from high grade type coins, silver dollars, to collector and investor group lots. The Legend sale contains 195 lots of Morgan and Peace dollars, anchored by part two of the Coronet Collection which boasts many of the finest known Morgans in existence. The second half of this landmark collection begins with 1894 and runs through the end of series, and is an opportunity for investors and advanced dollar collectors to acquire registry quality examples of the tough dates in the mid 1890s. A big coin not part of the Coronet Collection is an 1895-S dollar graded MS66 DMPL by PCGS, with just a sole MS67 DMPL finer. In gold, one of the finest known 1909/8 $20 Saints is on offer, graded PCGS MS66, with a total population of five.
Changes/Improvements this Week: MS67 Gold Commems Added & High Grade Morgans Reviewed
Changes this week include the addition of an MS67 column for Gold Commemoratives on Page 2. These issues trade frequently in this grade and we felt coverage would be helpful for dealers.
High grade Morgan dollars undergo a thorough review in MS65 through MS67. As with prior series, coins which have a population of zero or one do not have prices and are indicated with the (~~~) symbol. There is also movement in Franklin half dollar rolls, circulated rolls, and Proof Type coins.
Precious Metals Continue to Rally
Precious metals rallied nicely in latter half of last week and have opened up as of this writing, with silver now near the $16 level, breaking out slightly above its 200 day moving average, a key indicator. Gold has been hovering around the $1,150 level, although it has jumped up to $1,165 today. Platinum is also approaching the $1,000 level, as it has rallied nearly $90 over the past two weeks.
Noteworthy is that generic gold spreads have shrunk thus far in the rally. Saint-Gaudens, for example, are lowered this week despite gains in gold spot price.