DEALERS PREDICT THE BEST SELLERS FOR THE YEAR.
The year 2016 seems to have been a transitional period for the coin hobby.
The United States Mint produced the last installments of the decade-long Presidential $1 coins and First Spouse gold coins, and a new dollar coin series honoring innovations and innovators from each of the 50 states has been pitched in Congress.
As sales figures for hallmark annual products such as uncirculated sets and proof sets continued long-term slides, the Mint hosted a one-day forum in Philadelphia to discuss the future health of the hobby. The event was attended by top-level Mint executives and more than 80 high-profile coin experts, dealers, and hobbyists. Meanwhile, several headlining auctions in 2016 saw a handful of major rarities change hands. Among these was an 1894-S Barber dime graded Proof-66 by the Professional Coin Grading Service (PCGS) -66 and stickered by the Certified Acceptance Corporation (CAC).
It sold at the Heritage Auctions sale at the Florida United Numismatists (FUN) annual convention in Tampa, Florida, for $1,997,500 in January 2016. It was the highest price ever paid for an 1894-S Barber dime and represented one of the most expensive coin transactions of the year.
Still, the coin market of 2016 wasn’t what it once was in, say, the late 1990s or early 2000s, when new auction records were being broken on a regular basis.
The third and fourth installments of the D. Brent Pogue Collection sale were held in February and May, respectively. The third event saw the finest surviving circulation-strike 1793 Chain American cent, graded MS-65 Red-Brown by PCGS, fetch $998,750.
This story is from the March 2017 edition of COINage Magazine.
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This story is from the March 2017 edition of COINage Magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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