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 Replies: 27 / Views: 5,623 |
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Pillar of the Community
 United States
5191 Posts |
I would prefer to spend as least a premium above melt as possible.
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Pillar of the Community
United States
3343 Posts |
Looking at $20 Liberties on ebay, I'm disappointed at the current pricing for the ones I like. Circulated S mints pre 1870 used to sell for 10% over melt, and now sell at 50% over melt. Circulated cc's used to sell for $2500, now details coins start at $4000. This is not due to an increase in the price of gold, and is insensitive to recent drops in gold prices. These are not rare coins by any means. They used to be considered bullion. Maybe there will be a day of reckoning. Someday. But right now I'm not seeing any buying opportunities. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
08/03/2022 10:43 pm
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Pillar of the Community
United States
5191 Posts |
Quote:
But right now I'm not seeing any buying opportunities. Exactly. I won't be buying those overpriced double eagles anytime soon. What I did buy however were some Swiss 20 Francs gold coins for 3% over spot. |
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Pillar of the Community
United States
3343 Posts |
I bought a cleaned xf 1912 Canada $10 for $60 over spot, or about 7%. Low grade common US double eagles are trading at 15% over spot. No bargains of any kind.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
4692 Posts |
Edited by jimbucks
08/05/2022 10:38 pm
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Pillar of the Community
United States
4469 Posts |
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Bedrock of the Community
Australia
21788 Posts |
Bullion and bullion coins are normally traded in Australia without tax, because they are both classified as bullion, plus a trader's premium for which sort of bullion it happens to be. Double Eagles have a high percentage trader's premium. Australians have to pay a goods and Services Tax of 10% on the traders premium, but not on the bullion itself.
It must be remembered that common date Double Eagles are still bullion coins no matter how spectacular they may appear to be in MS+ condition.
Not sure how an Australian purchased Double Eagle could be legally imported back the the 'States, without paying US tax.
Nevertheless, I do have to confess that I have a common date St Gaudens, in about MS-61 or 2. I bought it about about 25 years ago, for AUD $600, simply because like the medallic artwork, it is probably the best modern gold coin design.
Fairly useless as a practical circulation coin, because it has way too much face value, and is too easily damaged. But OK to include in a coin collection.
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Pillar of the Community
United States
3343 Posts |
It really astonishes me that double eagles have gone from being bullion coins to collector coins over the two years since this thread started. If there is any value in beauty, common MS65 Saints still trade at $2500 right now, about 50% over melt. But similar Liberty Heads, and all uncommon and early dates, are through the roof even at XF.
Dealers I used to buy from are holding a lot of those "collectible" coins in stock right now. If you want one open up your checkbook and write large numbers..after making a small offer..
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
08/06/2022 11:52 am
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Pillar of the Community
United States
5191 Posts |
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It really astonishes me that double eagles have gone from being bullion coins to collector coins over the two years since this thread started. It seems to me that every bullion coin has become a collectors' coin. I wonder if this is a fad/mania or if will be everlasting. |
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Pillar of the Community
United States
1311 Posts |
The last several coins shows I've attended, I've noticed the premiums keep going up. I believe it's a combination of this looming inflation, idiots in office, and supply & demand. A couple of years back, dealers were just trying to move coins, whereas now, they can't keep them in stock.
Edited by thecoinguy1964
02/09/2023 3:45 pm
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Pillar of the Community
United States
4692 Posts |
I have a nice 1874-s PCGS ms-60 listed on GC, which is very scarce in Ms. Check it out.
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Pillar of the Community
United States
3234 Posts |
I absolutely love $20 gold pieces. St. Gaudens $20's are (in my opinion, hands down) the most beautiful U.S. gold design. I don't necessarily agree that you should feel hamstrung to get a 65. I don't own a single 65 and my 64's are gorgeous with minimal marks or distractions (with one exception...but heck..that one was CAC'd...anyway I digress). I agree the premiums on ALL pre-1933 gold have skyrocketed. Even the premiums on simple bullion seems a bit out-of-whack. Personally, I'm not jumping for joy to buy another gold coin (with the exception of $3's) because of the high premiums. However, if you wait by the sidelines for prices to go down, you might be waiting a long time or wait too long and wish you bought sooner. Here's a recent 64 I picked up when I was able to get it at a fairly reasonable premium (...and I have to say that these pictures are not the best and I need to reshoot this one). In hand, this coin is beautiful, however maybe not quite as lustrous as a true gem. As far as the technical grade, if CAC didn't shut down it's regular tier, I'd send this end since I think it would have a good shot at a green bean.   Edited by Prethen
02/17/2023 9:10 pm
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Replies: 27 / Views: 5,623 |
First Page
Posted 08/03/2022 10:37 pm
