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Bedrock of the Community
13014 Posts |
I agree with the nicer saint for several reasons. People like them and their beautiful design. That gives you the chance for value appreciation you generally won't see with the modern bullion. It also gives you protection against value drops when spot price goes lower. You can always get the bullion one later on with probably little to no difficulty, that May or may not be the case in the future with a nicer saint.
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Moderator
 United States
23522 Posts |
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but I do understand that I posted this on the "Classic Coins" forum so I have an idea of the answers I will be receiving. Obviously, then, I need not post.  |
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Pillar of the Community
United States
8904 Posts |
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1927 MS-61 Saint Gaudens Double Eagle PCGS for $1650 and have $250 to spend on a nice CC Morgan  EASY choice. Quote:
I do understand that I posted this on the "Classic Coins" forum so I have an idea of the answers I will be receiving. True.  But the intensity of my deeply held, and time-tested, belief in the integrity and conviction of my answer remains firm.  Quote:
If one had $1900 laying around Where does one look for this $1,900?  Edited by Moe145
03/16/2014 4:28 pm
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Pillar of the Community
United States
675 Posts |
I am in the same boat as the others here. Bullion is BORING, and in most cases will probably only be worth approximately melt value. Real, classic coins minted to be used for commerce are much more interesting. Coins tend to have more numismatic upside PLUS the value of the gold. Win, Win, I'd go for the Saint.
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Pillar of the Community
 United States
1531 Posts |
Then the decision is made. I was leaning towards the Saint cliff, just needed a few people to push me over.
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Pillar of the Community
United States
5854 Posts |
I would probably go with the Saint gaudens and the cc morgan but with one revision. As beautiful of a design the Saint gaudens is, an MS-61 may not be so pretty especially given the weight and softness of the metal making it prone to unsightly marks. I would rather go with a MS-63 or better. Provident metals is selling PCGS MS-64's for $1575.
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Pillar of the Community
United States
1750 Posts |
If I were in your shoes, I would buy a nice original surface PCGS 1927 MS-64 Saint. There are a lot of them out there, so be VERY choosy. Get one with the nice "European" rose colored or orange peel toning to it, but with out copper or carbon spots.
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Valued Member
United States
337 Posts |
I'd also go with the saint gaudens and a CC Morgan. Value of the gold piece could go up a lot while a basic bullion piece is closely tied to melt value.
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Pillar of the Community
United States
5825 Posts |
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If one had $1900 laying around, not that one would, would that person spend it on a 1927 MS-61 Saint Gaudens Double Eagle PCGS for $1650 and have $250 to spend on a nice CC Morgan, or would that person spend it on a nice 2014 raw 1 oz Gold American Eagle for $1450 and have $500 to buy two nice CC Morgans? Neither. As for the St-G's I suggest at least MS-63 OR AU-58 or -55. Grades of MS-60, -61 or -62 are perceived as "damaged" coins and will always get "short shrift". As for the raw Gold Eagle it all depends upon WHY you'd want one. If you are putting together a set, go for it. If you are buying as a gold investment you can save $100-150 by buying a purely bullion item. Your plan for the leftover money seems quite reasonable. |
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Valued Member
United States
309 Posts |
Kanga,
Thanks for that advice. Never looked at it from that perspective.
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Valued Member
United States
203 Posts |
+1 to D0ubl3Eagle's post. Saint and a CC, but choose a higher grade Saint. A 63 or a 64 will hold value, I believe, better than a 61.
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Pillar of the Community
United States
3843 Posts |
I think that a MS-64 makes a lot of sense. Right before the prices start to go parabolic in MS-65.
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Pillar of the Community
United States
1531 Posts |
Parabolic? I suppose so. I see a few for $2,000. Indeed, it is above spot...
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Pillar of the Community
United States
3843 Posts |
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Parabolic? I suppose so. I see a few for $2,000. Indeed, it is above spot... I should have checked the price guides before saying that. There used to be more of a spread a few years back between most MS-64s and MS-65s. Edited by Joe2007
03/17/2014 11:50 pm
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Valued Member
Canada
71 Posts |
I'd go with the double eagle + CC Morgan 1$
The double eagle has a very beautiful design on it and actually has some great numismatic value behind it unlike bullion which has close to no numismatic value in my opinion.
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Posted 03/16/2014 3:23 pm
