NumisMedia Market Report: A Look Back at FMV Performance

Posted on 12/14/2010

This past year has seen a major overhaul in the FMV prices for most series. While gold has been setting records throughout the year, many collectors are under the misconception that the entire market has moved higher, which is not necessarily the case.

Even though there is a lot of money available to buy coins, most of this money is moving into US gold and other bullion related items. Further, there have been lots of sellers of coins dated after 1930, thus creating excessive discounting within the 20th century series. Our goal in this year-end report is to identify various coins or series that have risen to the occasion and others that have not performed as well.

One year ago, gold stood at $1,175 and silver was $18.14. These numbers are up 16% and 49% respectively. The increase in gold has led to higher FMV prices in the US Gold series, for coins MS 62 and lower. The increase in silver, however, has only influenced the very low grade coins, albeit, substantially this past year. While the metals influenced FMV adjustments for many coins, the higher prices of metals did not necessarily equate to higher FMV overall. If you look through the Modern series after the 1940s you will notice that the majority of certified coins decreased as the number of coins increased in availability in the marketplace. The last two years saw a downturn in collectors who could afford the finest known coins in some Modern series. At the same time, the number of coins graded in MS 70 and PR 70 for Modern Commemorative Half Dollars and Silver Dollars has swelled. As a result, prices for coins like the 1994-S US Capitol, 1996-S Community Service, 1996-P Smithsonian, 1998-S Black Patriots, 2000 P Library of Congress, and 2003 P First Flight, all Silver Dollars in Ultra Cameo PR 70, have decreased 10-20%.

The following charts list how the FMV for specific coins have performed during the last year.

Dec. 2009 FMV Dec. 2010 FMV
Lincoln Cents
1909 VDB MS 65 Red $195 $146
1909-S VDB MS 65 RB $4,490 $4,190
1910-S MS 66 Red $3,190 $2,540
1914-D MS 65 Red $21,780 $19,830
1922 MS 64 RB $61,880 $56,880
Buffalo Nickels
1913-D TII MS 66 $2,630 $2,410
1913-S TII MS 66 $8,260 $7,740
1918-S MS 65 $23,080 $21,450
1937-D 3 Leg MS 65 $35,630 $38,440
Mercury Dimes
1916-D MS 66 FB $63,050 $65,330
1918-D MS 65 FB $28,930 $24,050
1919-D MS 65 FB $33,440 $24,380
1921-D MS 66 FB $9,980 $9,650
1925 MS 66 FB $3,220 $1,590
Washington Quarters
1932-D MS 65 $11,690 $11,250
1932-S MS 65 $4,310 $4,130
1936-D MS 65 $1,190 $1,140
1938-S MS 67 $1,660 $1,560
Walking Liberty Halves
1918-D MS 64 $7,160 $6,720
1919-D MS 64 $33,440 $34,380
1934-S MS 65 $4,160 $3,720
1938-D MS 65 $1,630 $1,530
1941-S MS 65 $1,040 $970
1946-D MS 67 $1,660 $1,330
Morgan Dollars
Generic MS 66 $288 $269
Generic MS 65 $158 $160
Generic MS 64 $59 $66
1879-CC MS 65 $27,190 $28,750
1883-S MS 65 $46,880 $44,380
1890-CC MS 65 $5,470 $5,220
1895-S MS 65 $25,630 $24,380
$1 Gold
TI MS 63 $1,160 $1,340
TI MS 64 $1,940 $2,000
TI MS 65 $6,050 $5,690
TII MS 63 $9,380 $9,660
TII MS 64 $15,190 $15,440
TII MS 65 $35,000 $33,750
TIII MS 63 $1,050 $1,280
TIII MS 64 $1,380 $1,630
TIII MS 65 $2,500 $2,280
$2½ Gold Liberty
MS 63 $1,350 $1,240
MS 64 $1,490 $1,330
MS 65 $2,690 $2,220
$2½ Indian
MS 63 $1,010 $1,090
MS 64 $1,560 $1,670
MS 65 $4,350 $3,880
$3 Gold
MS 63 $6,690 $6,190
MS 64 $9,690 $9,100
MS 65 $20,930 $20,250
$5 Gold W/M
MS 63 $1,280 $1,220
MS 64 $1,790 $1,560
MS 65 $4,500 $3,750
$5 Indian
MS 63 $2,380 $2,000
MS 64 $4,340 $3,310
MS 65 $20,930 $16,200
$10 Gold W/M
MS 63 $1,970 $1,630
MS 64 $3,130 $2,280
MS 65 $6,000 $5,000
$10 Indian
MS 63 $1,920 $1,440
MS 64 $3,000 $2,070
MS 65 $6,000 $4,310
$20 Gold TIII
MS 63 $3,220 $2,500
MS 64 $4,280 $2,940
MS 65 $7,090 $5,270
$20 Saint
MS 63 $2,190 $1,980
MS 64 $2,400 $2,130
MS 65 $3,120 $2,700

Many of the dates listed were randomly selected but are representative of the specific series. As you can see, the majority of these coins have lost value in the past year. In addition, the rare date coins listed are very popular and are generally easy to sell even if the price is not discounted. With prices down for many rare coins, many dealers and collectors feel that it is just a matter of time before they begin to climb back to higher levels.

What you don’t see listed here are the US gold issues which performed really well over the past year. These are generally the lower grades up to and including MS 62 and also the Modern gold coins. Also, many coins prior to 1900 have showed strong results. We will report on these coins in the January issue.

This article is a guest article written by:

The thoughts and opinions in the piece are those of their author and are not necessarily the thoughts of the Certified Collectibles Group.

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