The U.S. Mint succinctly stated in its press release about the shortage of circulating coins is that there are enough coins in the economy. There is no shortage. What is happening is that, like everything else during the COVID-19 crisis, the supply chain broke. Coins stopped circulating because people were not going out and spending […]
The Stack’s Bowers Galleries June 2020 Auction continued the trend of high prices realized recently demonstrated in their March Santa Ana and May Hong Kong auctions. Over $5 million was realized in the June sale across United States coins, tokens, and medals, achieving 114 percent of the pre-sale estimate on sold lots. (All prices listed include the buyer’s fee.) Strong demand for high-end gold coinage reflected continued growth in this collecting area, while Numismatic America also saw incredible strength, earning over 50 percent above pre-sale estimates in Internet-Only Session Three. With such strong results in their June sale, Stack’s Bowers Galleries is anticipating considerable interest in their upcoming August 2020 Auction, which will be posted online for viewing and bidding in early July. This Mint State 1824/4 O-110 Capped Bust half dollar featuring Washington and Lafayette countermarks realized $26,400. (All images courtesy Stack’s Bowers) Session One opened with Numism...
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