Coin and Currency Dealer Newsletter - June 2012 By Doug West potx

eBay Coin and Currency Dealer Newsletter - June 2012 By Doug West Copyright 2012 Doug West Smashwords Edition Smashwords Edition, License Notes Thank you for downloading this free Newsletter. You are welcome to share it with your friends. This Newsletter may be reproduced, copied and distributed for non-commercial purposes, provided the Newsletter remains in its complete original form. Thank you for your support. This Newsletter provides insight into the eBay sales of coins, currency, and precious metals. The goal of the Newsletter to give the reader a snap shot of what is happening on eBay and give current sales prices of coins and currency that are being sold on eBay. Most of the data and observations come from two eBay Powersellers (eBay IDs: dwest61506 and jdwest07). The newsletter covers U.S. and World coins and currency sold during June 2012. The prices listed for sales are for the total price which included postage. The Newsletter also provides an "Overall Market Rating" for each area of coins and currency. This rating gives the reader some insight into which areas of the eBay market are changing or which are stable. U.S. Collector Coins – (Lincoln Cents, Indian Head Cents, Buffalo Nickels, Mercury Dimes, Barber Coins, Walking Liberty Half Dollars, Franklin Half Dollars, Morgan Silver Dollars, Peace Dollars,…). This area of the market was mixed during June. BU Rolls of Lincoln Cents and Jefferson Nickels were soft. Continued weakness in the area of circulated Indian Head Cents and Buffalo Nickels being sold as singles. One bright spot was the value of common rolls of Buffalo Nickels, Indian Head Cents, and Liberty V Nickels which did show an increase in activity and in prices that buyers were willing to pay. There was weakness in better date Peace Silver dollars; in auctions some sold for around 50 to 60 percent of Coin Dealer Newsletter (CDN) Bid - not good! Circulated Morgan Silver dollars did show a slight increase in the activity and prices. Selected Buy- It-Now sales: 1868 G Indian Head Cent $35.00, Roll Good/better Indian Head Cents $54.00, Roll 1920's Lincoln Wheat Cents $13.00. 1884 F+ Liberty V Nickel $32.00, 1879-S VG Morgan Silver Dollar $37.00, 1888 AU Morgan Silver Dollar $49.00, 1883- O BU Morgan Dollar $49.50. Selected Auction results: Roll 1954-D BU Lincoln Cents in plastic tube $8.62 (CDN Bid $16.50), 1914-S VG Buffalo Nickel $25.00 (2013 Red Book price $38.00), Half Roll (20) 1945-D BU Silver War Nickels $41.04 (CDN Bid $117.50),1950-D BU+ Jefferson Nickel $9.87 and $14.00, 1891-O VF Seated Liberty Dime $16.00, 1921-D AG-G Mercury Dime (semi-key date) $43.00, 1900 XF-AU Morgan Dollar $36.00, 1921 PCGS MS63 Morgan Dollar $46.00 (CDN Bid $43.00), 1882-CC GSA BU+ Morgan Dollar $188.61 (CDN Bid is $170 in MS60), 1921 VG Peace Dollar $60.00 (CDN Bid $100), 1928 XF Peace Silver Dollar $187.50 (CDN Bid $350), 2007 NGC MS64 George Washington Presidential Dollar with missing edge letters $46.00. Overall market rating: Stable. U.S. Type Coins – (Half Cents, Large Cents, Two and Three Cent pieces, Seated Liberty coins, Bust type coins, 20 Cent pieces, Trade Dollars,…). This area saw business as usual during the month of June. Selected Auction sales: 1866 Three Cent Nickel Fine $15.00, 1891-O VF Seated Liberty Dime $16 (which was CDN Bid). Overall market rating: Stable. Bullion – Gold, Silver, Platinum, and Palladium – (90% silver or “Junk” silver, world bullion coins, US gold – circulated pre-1933, and modern Silver and Gold Eagles). Silver and gold were both flat to down for the month of June. Silver opened the month at $27.38 and closed the month at $28.10. June was a rather dull month for silver. Gold started off June at $1606.00 and finished the month at $1598.50. Premiums remained virtually unchanged from previous months for both silver and gold coins. One small increase was seen in the premium paid for U.S. 90% silver coins sold in a lot. On average, lots of U.S. 90% silver coins sell for a ten percent premium over their melt value in an auction format. This is typical for the price of gold and silver to drift side ways during the summer months. Selected Auction sales: 25 circulated Mercury dimes mixed dates $62.50 (melt $48.85), $3.00 Face Value US 90% Silver Coins $69.00 (melt $58.63), 2006 Canada $5 Silver Maple Leaf Choice BU $43.51 (melt $26.90), 1997 China 10 Yuan Gold Panda 1/10 Ounce $181.99 (melt $161.80), 2010 Australia $1 Year of Tiger one Troy ounce $56.05 (melt $28.40), 1987 Gem BU American Silver Eagle one Troy ounce $37.00, 1920 Mexico Gold 2 Peso AU $92.99 (melt $75.00), 5 Gram Gold Engelhard Bar .9999 fine $280.08 (melt $260.45), 1900 Liberty Head AU $5 Half Eagle $422.00 (CDN $400). The auction results indicate that there is still significant demand for physical silver and gold at today's prices. Overall market rating: Stable. This is an improvement from the April Newsletter. U.S. Proof and Mint Sets 1950 to 2012 – This area of the market continued to show strength in the both sales volume and strength of sale prices. Selected Auction sales: 1954 Original Gem Proof set in box $104.50 (CDN Bid $89), 2012 Silver Quarter Set NGC PF70 UC (5 coins) $106.88, 2005-W NGC PF69 UC American Silver Eagle $66.50, 2006-S Silver Proof set with Box and COA $41.00 (CDN Bid $40), 2011-S Silver Original Silver Proof Set $33.14. Overall market rating: Stable to Strong. U.S. Currency – (Regular issue U.S. Currency from 1880’s forward, Colonial, Confederate States of America, Military Payment Certificates, Fractional Currency, Depression Scrip, Obsoletes,…) Selected Buy-It-Now sales: 1774 PCGS F12 Maryland $1/3 Colonial Note $124.00. Series of 1902 $10 National Bank Note from Topeka, Kansas with plain back Charter Number 3078 sold for $259.00. The sixth edition of the book "National Bank Notes" by Don Kelly lists there are 69 known large size notes and there are four distinct types of large size notes. This would put the total population below 20. Kelly lists a value of $200.00 for a note in Fine condition. 1929 First National Bank of Thermopolis, Wyoming $20 Note Charter Number 12638 sold for $295.00. The Kelly book lists 31 known small size notes in both $10 and $20 denominations and places a value of $1,250.00 on the note (we sold this one way to cheap!). Selected Auction sales: 1899 VG-F $1 Blue Seal Silver Certificate "Black Eagle" $79.00, 1934-C $5 Blue Seal Silver Certificate $12.05, Lot of four circulated 1928 $2 United States Notes $26.95, Overall market rating: Stable. This is a slight down grade from the April Newsletter. World Collector Coins – (Regular issue coins of the World (non-U.S.)), most in circulated grades and priced below $200) – Selected Buy-It-Now sales: 1926 Greenland 50 Ore Choice BU KM#7 sold for $65.00. The Krause Standard Catalog of World Coins gives a value $165.00 in BU condition. 1926 Greenland Krone Choice BU KM#8 sold for $90.00. The Krause Catalog value is $170 in BU condition. Both of the Greenland coins are one year type coins with mintages below 300,000. Selected Auction sales: 1872-H Canada 50 Cents VG-F KM#6 $43.23, Overall market rating: Stable. Exonumia - Tokens and Medals - ( Trade tokens, Hard Times tokens, Civil War tokens, Transportation tokens, "Good For" Tokens, Space related medals, presidential medals, state centennial medals, California Fractional Gold …). Selected Buy-It-Now sales: Puritan Hosiery Overalls Token $15.00 (this sold immediately so it probably was priced too cheap), Selected Auction sales: Lot of 25 mixed Kansas Trade/Good For Tokens $53.99, Lot 6 1945-2002 Mixed Lucky Encased Cents $17.50, Lyndon Johnson High Relief Sterling silver medal 999 Fine 32mm diameter and 23 grams sold for $21.97. The silver price on the day the auction closed was $27.38 per Troy ounce. The medal ended up selling for an eight percent premium over the melt value. Overall market rating: Stable. Market Ratings Definitions: Weak – noticeable decrease in activity and prices Weak to Stable – small decrease in activity in prices Stable – activity and prices are basically unchanged from the last few months Stable to Strong – small increase in activity and prices Strong – noticeable increase in activity and prices ### About the author: Doug West is the senior numismatist at the family owned business C&D Coins and Currency in Derby, Kansas. Doug has over four decades of experience as a coin collector and dealer. Doug is President of Wichita Coin Club, member of the American Numismatic Association, and Secretary/Treasurer of the Kansas Numismatic Association. He is author of several coin related articles and maintains the educational web site www.canddcoins.com. Discover other titles by Doug West at Smashwords.com: https://www.smashwords.com/profile/view/dougwestcoins . eBay Coin and Currency Dealer Newsletter - June 2012 By Doug West Copyright 2012 Doug West Smashwords Edition Smashwords Edition, License Notes Thank you for downloading this free Newsletter. . Most of the data and observations come from two eBay Powersellers (eBay IDs: dwest61506 and jdwest07). The newsletter covers U.S. and World coins and currency sold during June 2012. The prices. and prices ### About the author: Doug West is the senior numismatist at the family owned business C&D Coins and Currency in Derby, Kansas. Doug has over four decades of experience as a coin