How does one gauge pricing for old coins like $20 St.Gaudens?

[Cleaner44]

So I don't really know the old coin stuff much. I did some searches to compare prices but I am wondering what info anyone can share about buying old gold.

What would be a good price for $20 St.Gaudens MS65 or MS64?

Thanks for your help.

[Eat Beef]

www.pcgs.com

[Cleaner44]

www.pcgs.com

Thanks for the link. I was hoping someone could share a bit of knowledge too.

How does NGC compare to PCGS?

[Oldmansmith]

I think the moderns are rated tougher by PCGS, maybe not so much the older ones. Bullion is best they say, but if you want an antique now is a good time to buy as the premiums are low. Check APMEX for an idea about pricing and then go to a coin show or local dealer, you can find good deals sometimes. Circulated ones can be had close to spot.

[pianogold]

The last couple days I've seen some 62's and 63's offered for $1600. Right now there wouldn't be much of a premium I'd think and I'm aiming to pick one up as well. NGC and PCGS both have a quality product but it appears that PCGS is slightly favored in the buying/selling realm. Check completed ebay auctions to get a good idea of current online rates.

pcgs.com is not a good idea for prices.

[Eat Beef]

+1 for Apmex and fleabay for price suggestions. PCGS is King, but NGC is a close second. AWACS or any of the rest of the also rans might as well be bubba and tyrone's coin grading service, forget about them.

Remember the PCGS guide is an average RETAIL price list, IOW, it's high. How high depends on the coin, but suffice to say that you and me aren't going to get those kinds of prices if we sell.

I've been sitting on some graded Liberties since 05, and if I had it all to do over again I wouldn't touch them with a ten foot pole. They've ALMOST doubled, while bullion I bought at the same time is up over 3.5x and silver is up 7x.

That said, I really like some of the ungraded $20 Libs and SGs I bought for spot or spot +20 way back when. Some guys have a good enough eye and enough knowledge to make the numi thing work, but not me, I just stick to low premiums.

[silverwood]

Cleaner, ask yourself what do you want a St Gaudens $20 for? Are you making an investment because you think their numismatic value is going to appreciate for the particular grade the coin is in? Do you just want to possess a peice of Americana when it was in it's golden age? So if the answer is the 2nd question then go out and buy a coin that grades AU to ms 62 and has a low numismatic premium, still a very beuatiful coin. They are also a wonderful piece to educate people with and to fondle. Or if question 1 is where you are at then you need to do quite a bit of homework before you buy your coin. Good luck

[lhslancers3270]

I've seen some charts that show some of the highly graded coins appreciated much faster than the bullion. I don't think I would play this run that way though. Some guys have made a ton of money on them though.

[~BS]

I usually just assume they're cleaned and buy for bullion value only. Dont like paying premiums on the assumption that someone else is going to pay me a premium when I sell.

[HistoryStudent]

THEY have DUMPED lots of Saints and Liberties from EUROPE since their recent financial troubles and the price of gold is up.

With that said NOW is a time to buy if you do a hell of a lot of homework for these are ONLY 96% of an ounce of gold in each double eagle.

The supply is way up and the demand is NOW for MODERNS which grade "70" kinda like the Dancing with the Starts "10s" and the Olympic "10s."

The saints and liberties are now the NEW more modern CLASSICS of pre-1933 gold coins.


The sea change IMVHO is now toward the post 1986 Moderns both slabbed and unslabbed. Take a close look and figure it out why.

As the price of GOLD doubles from here ($3000) you see many premiums drop like hell on the different sets. However that said - the MINUMUM
coin in the set would be just over $3000 then - so who is the loser? If you BUY right.

Remember the DUMPING might be a short term situation. It has gone on however ever since a year ago last NOVEMBER - some 18 months total.

I watch it out of curiosity, because of my collection, and it was something I did not see was coming - although Eric Jordan kinda alluded to what happens durring a BULLION
RUN UP in price in his fantastic book - worth it's weight IN SILVER!

Unless your mommy missed LOSING a really dumb one. Sorry.

[Eat Beef]

I've seen some charts that show some of the highly graded coins appreciated much faster than the bullion. I don't think I would play this run that way though. Some guys have made a ton of money on them though.

I was looking at those charts when I bought mine. Unfortunately, those charts were cooked books by guys like Blanchard and Swiss America.

I got completely raped, but I guess it's OK, it was my first toe dip into PMs, and without that experience I might not have any today...:vollkommenauf:

[GOLDZILLA]

I only buy damaged ones because I like the history without the premium. My favorite ones to find are ones marred by a pendant clip or drilled for a necklace.

[Oldmansmith]

Right, I bought my first Liberty circulated (VF) for spot in the 600's, I keep it in my pocket to show what "20 dollars" once was. It is priceless for that, at today's spot you would need more than 74 twenty dollar bills to buy it for melt.

And they say that inflation is "contained!" LOL!.

[budfox]

Coin Dealer Newsletter

http://www.greysheet.com/

[Cleaner44]

Cleaner, ask yourself what do you want a St Gaudens $20 for? Are you making an investment because you think their numismatic value is going to appreciate for the particular grade the coin is in? Do you just want to possess a peice of Americana when it was in it's golden age? So if the answer is the 2nd question then go out and buy a coin that grades AU to ms 62 and has a low numismatic premium, still a very beuatiful coin. They are also a wonderful piece to educate people with and to fondle. Or if question 1 is where you are at then you need to do quite a bit of homework before you buy your coin. Good luck

Very good points, thank you sir. I am not looking to buy an expensive numismatic really, I think when I finally buy get a St Gaudens it will be a lower grade worn one that I can play with. I asked because I saw an offer for MS64 and MS65 and I was wanting to learn how good or bad of a deal they were.

[Cleaner44]

Coin Dealer Newsletter

http://www.greysheet.com/

This is perfect, thanks!

[budfox]

This is perfect, thanks!

Yer welcome, used as the bible for years. The grey sheet is more retail, use the blue sheet for buying levels....Cheers

[silver solution]

So I don't really know the old coin stuff much. I did some searches to compare prices but I am wondering what info anyone can share about buying old gold.

What would be a good price for $20 St.Gaudens MS65 or MS64?

Thanks for your help.

It's what you can sell them for and if they are even real.

[MISRy]

Shop for "jewelry grade". At the shows you can see the premium drain from the dealers eyes when you say that. You can end up with sets, (double, eagle, half, quarter), for less than 2% over spot if you shop around and be patient. I even found a type 3 $1 Indian for the price of a 1/20th at the time. DYODD

[Fiat Metaler]

fwis, Dr. Steve Sjugerrud is recommending $20 Saints in his newsletter, True Wealth. These are quality coins and the premiums are at record lows. So they are a good value, and you have a floor in that they are US govt minted gold. I agree with the other folks that numismatic coins are not the same as bullion, and to buy only PCGS or NGC. I am buying some land and have some Saints in MS -65 and 63 that I will let go for the Apmex sell price, which is usually inside the greysheet price. Pm me if you are interested.

[HistoryStudent]

Today for the first time in 18 months I see the PRICES of the SAINTS starting to take off.

My 1922 MS65 Saint is now retailing for $8,000.00 per Coin World. Most of the common date MS65s are retailing for $3,000.00 - so the huge flux of
the foreign imported ones must have WANED - or decreased - to meet the demand.

I see that the Mexican 50 Peso pieces retail for $1900.00 about.

Boy what a difference $1570.00 ish gold spot makes - even makes raw AGE go for around $1,650.00

And the GOVYs answer is Quantitative Easing III - or in plain gutter English - PRINT THE POOP of the bank-rupted Duck Dollah....

So guess what is GONNA happen to the gold pieces and prices, right?