Proofs Prove Positive in 2018

Proofs remain popular with the serious collectors steaming into the third quarter of 2018.

Stack’s Bowers sold a top-graded Flowing Hair Stella back in March for a healthy $74k increase (to $384k) over the last time it sold. Things don’t seem to be slowing down as Heritage hammered a couple of proof Morgans with strong prices in July, 2018 at their Summer FUN sale.

1895 Proof Morgan Silver Dollar

This 1895 Proof Morgan Silver Dollar recently sold at Heritage Auctions’ Summer FUN sale for $78,000.

An 1895 (proof-only year) Morgan graded Proof 65 Cameo (no green bean) almost hit 80, topping out at $78k. PCGS price guide seems strong at $95k for the coin, of which there are only 16 or so, though they have record of a coin selling for $94k back in 2013, though most others have floated in the low $70k range. As always, NGC price guide is even higher at $100k. Any way you look at it, it’s no longer 2013.

The sold coin appears to be for sale right now for $80k.

Another strong proof showing was a lovely 1921 Chapman die Morgan. It sold for $72k in a white holder. Oddly, PCGS and NGC price guides are reversed for this coin, with PCGS being the higher of the two, likely driven hard by a $100k sale some time ago.

Other notable proofs from the FUN sale include an 1828 Bust Quarter selling for $29,000 in PC blue no bean, a colorful Hawaiian Dime, and a blast Franklin. All of these coins sold well above price guide, the Franklin nearly doubling both PCGS and NGCs estimates for the grade.

The point is: strong proofs seem to be strong buys at the moment. Who knows what the future brings?

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