Greysheet: MARKET ANTICIPATES POGUE, PART IV

HISTORIC SALE TO BE FOLLOWED BY RARITIES AUCTION

Unless you’ve lived in a cave these past few months, you are well aware that Stacks-Bowers’

presentation of fourth installment of the famous Pogue Collection is coming up for auction next week – May 24th to be exact. This sale is historic for several reasons. While there are only 63 lots, the quality and rarity of those are without dispute and two coins each would represent the most important items up for auction in a given year, and have already been discussed at length on these pages. The first is the finest known 1804 silver dollar (class I), PCGS MS68, with a pedigree to match. The second, is the sole 1822 half eagle in private hands (two are impounded at the Smithsonian). This portion of the Pogue collection is sure to be met with extreme collector, dealer and interest beyond the coin industry as price records may well be shattered when the hammer falls.

What is less well known is that Stacks-Bowers is holding a Rarities Auction sale the following evening with 150 very interesting lots including a high grade Continental dollar,

struck in pewter (PCGS MS64). We are also intrigued by a group of (7) Ephraim Brasher counterstamp gold coins from the 18th century. These are numismatically significant and

rarely seen pieces of early Americana. Look for a recap of Next week’s Greysheet will feature a recap of the Pogue and Rarities’ sales.

THIS WEEKS MARKET

Gold Type: Higher bids this week thanks to activity on CoinPlex, especially

from Legend Numismatics, who has stepped in with new bids.

Eagles, Modern Commemoratives & Gold: Prices changes this week are largely associated with metal movements – down slightly this week. We’ve been watching the new gold Mercury dime activity. Dealers initially reported strong pre-issue sales and the coins are trading around $250 wholesale (in mint packaging). While we haven’t seen any published statistics, early indications are that a high percentage of the coins are grading SP70. We found coins listed on retail web sites around $400 in NGC SP70 holders; and $300 in mint packaging.