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 Replies: 20 / Views: 5,706 |
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Bedrock of the Community
Australia
21788 Posts |
Does anyone in the CCF have one of these?
Would you like to write an appreciation on the coin you have, and perhaps show a full size picture?
How many were minted? What are the specifications?
I only have a common date $20 double eagle, but I think is is a fantastic design.
Thanks in advance!
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Pillar of the Community
 United States
2448 Posts |
Sure, but it's just an UNC chunk of gold. I was really looking forward to getting it and when I received it..it kind of lacks something. Can't put my finger on it. I'd be willing to bet that's why 65,000 were melted by the mint. Actually I don't know for sure where I read that but I think many were thinking about the original HR Saint and while the style is there, there's something just lacking about the coin. Check it out. The box is neat!    My apologies for those of you that really love this coin. As far a gold is concerned, I've really fallen for the original "Saint" and the "Four Little Indians". |
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Pillar of the Community
United States
2448 Posts |
Sorry sel691, I left out a quite a few things you requested. Just delete my entry and I'll re-shoot the coin in higher resolution and get all the facts you want. Although, as I said, I'm not a real fan of the coin...maybe someone else would rather take on the task. If no one else volunteers, I'll do what you asked.
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Pillar of the Community
United States
1213 Posts |
I ordered one and overall am happy with it. Especially since I'll likely never be able to afford one of the original design in high relief. I'm not certain what the final mintage was but I know that quite a few were melted recently as they were not selling very well. I wish I had bought 2 of them so I could have sold one now that the price of gold has increased so much. That would have offset some of the original cost of the one I kept. Here's a link w/ some more info: http://www.saintgaudensgoldcoin.net...ouble-eagle/ |
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Valued Member
United States
212 Posts |
There were just over 115,000 minted. The asking price has gone up alot recently. Alot! The last 3 that have sold on ebay the past few days have been $2750.01, $2653.19 and $2655.19. There are 2 more on ebay right now that I have been tracking, and they are at $2655.00 and $2606.00 with about 8 hours to go. All of these are raw ungraded. The wodden box alone sells for a hefty price as does the book that comes with the coin. I think the book alone is $30. |
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Bedrock of the Community
United States
14454 Posts |
I do have one but the only reason I got one was to make a set with the 1907 High Relief Wire Rim St. Gaudens I got from my grandfather
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Bedrock of the Community
United States
10982 Posts |
I brought one right before I got laid-off in 2009.  Sold it about a month later in June of 2009 for a small profit and wish I had kept it. The presentation materials were really nice. Quote:
How many were minted? What are the specifications?
I believe about 200,000 pieces total were struck and only 115,000 sold so the balance of 85,000 were melted. As I recall they were 27mm in diameter and 1 ounce of .999 fine gold. |
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Rest in Peace
United States
4849 Posts |
I don't own one, but I'm with carmykle. They sell for huge premiums on ebay usually well over 2K, and I just don't really get it. You can buy a high grade "real" Saint with practically as much gold for cheaper. |
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Pillar of the Community
United States
2448 Posts |
Interesting points. The 1995W ASE had a mintage of only 30,125 according to Red Book. I remember when it was selling for over $5,000. Now the retail is down to $3,500. Is the UHR AGE destined to follow? Is the gold market more viable than the silver? I think the reason I'm not enamored with the coin is the size, even the Peso appears larger. It's smaller than the original UHR "Saint" and the AGE. Maybe it the way the "Rays" extend above the eagle on the reverse. I don't know! Edited by carmykle
04/02/2011 8:44 pm
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Pillar of the Community
United States
2448 Posts |
By the way, I thought this was a pretty good specimen. What do you all think? What would you grade it as? I had it at MS-69 but I can't find a flaw on the coin.
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Pillar of the Community
United States
2448 Posts |
I think I figured it out. It's the luster. A .999 gold coin does not have the luster that the original "Saint" has. Am I wrong? Have been before. I think a little copper or silver really makes a coin look better.
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Pillar of the Community
United States
592 Posts |
Yes I have one also. They do lack some thing, it does seem like a chunk rather than a fine coin.
That said it is in the sd box, I haven't even looked at it in ?
The big box & the book are kind of useless & just take up space.
I didn't realize the value had taken off like that....makes me start to think.
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Pillar of the Community
United States
1285 Posts |
Sel, The 2 links below are from the US Mint and has a good write up. Video is worth watching as well. Consider moving this topic to the commemoratives section (my 2 cents). General link http://www.usmint.gov/mint_programs/ultrahigh/360 degree view. Good as it gets in capturing the coin. http://www.usmint.gov/mint_programs...gh/coin.htmlThere are dealers buying up this coin in original packaging and paying around 2550 to 2600 right now. This could be situation where the original packaging will hold it's own without any regard to grade as any coin in original packaging (untouched) would grade 69 or 70. I too am somewhat puzzled at the price jump But I am not surprised. My reasoning is that everyone was looking at this as an "unc chunk of gold" as carmykle so eloquently put it. Now, there is collector demand for a coin that is no longer available which was struck rather well. A while back on collector's forum there was an interesting discussion about this coin on whether to grade or not / PL vs non PL etc. Yes the book does sell for around $25 to $30 and the wooden box sells for around $60 (forgot the wood it's made out of). When I originally researched this coin it cost the US mint around $200 per coin to manufacture (excluding the price of gold) as each coin was inspected one at a time, checked for tolerance / qc etc.. The mint spent a lot of money making this coin and barely made any money / profit on the sales. |
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Bedrock of the Community
United States
10982 Posts |
Quote:
I think the reason I'm not enamored with the coin is the size, even the Peso appears larger. That was part of it, the UHR is the diameter of a $10 gold Eagle (27 mm) and doesn't have the cache of larger diameter pieces. But it is way thick. Quote:
What do you all think? What would you grade it as? I had it at MS-69 but I can't find a flaw on the coin. Check it with a 10X glass. Look closely at the rims too. If you see nothing at 10X that looks bad, you've got a great shot at a 70. Quote:
A .999 gold coin does not have the luster that the original "Saint" has. Am I wrong? Have been before. I think a little copper or silver really makes a coin look better. Gold that is alloyed with copper or silver will have a different color for sure. The UHR was not a proof strike so the luster is often not as reflective. Quote:
There are dealers buying up this coin in original packaging and paying around 2550 to 2600 right now. Some of the recent price run up may be a result of PCGS now offering PL designations on these. Market makers can expect to garner $5000 if they can get a PCGS MS70PL grade. |
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Bedrock of the Community
 Australia
21788 Posts |
Many thanks to you, guys! A very comprehensive answer to my inquiry. I took the time to read all of the links. I am very appreciative.
My guess about the price rise is that more than just being a coin, this particular item seems to have some value as an art piece as well, which is reflected in the extra after market demand. The fact that some were melted would also help.
Not many medals have quite this amount of technology brought to bear in their production.
In my humble opinion, the motto below the eagle on the reverse adds balance to the to the legends at the top on the reverse. Perhaps the U.S. Mint was thinking the same way. Mind you, I do not confess to be an art expert.
Sukria. (That means 'thanks' in Urdu!).
BTW, I have seen a high relief Double Eagle on display at a coin show in Sydney many years ago. Very impressive!
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Pillar of the Community
United States
1285 Posts |
Quote:
Market makers can expect to garner $5000 if they can get a PCGS MS70PL grade. BH, that was part of the discussion on collectors and it was an intelligent discussion on the why's and why not's of grading this coin. My take away from it was to leave it raw.If I find that topic id I will post it here. Quote:
Not many medals have quite this amount of technology brought to bear in their production.
Sel, it was your above statement which was misunderstood during the period the coin was being sold / lack of appreciation of what into it. Now most serious collectors realize that this was a ONE shot deal so to say.  |
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Replies: 20 / Views: 5,706 |
Posted 04/02/2011 12:40 pm
