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Does The Price Of Us Gold Coins Significantly Vary With The Price Of Gold?

 
 
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Valued Member
United States
288 Posts
 Posted 07/14/2019  4:05 pm Show Profile   Bookmark this topic Add CherryPicker1 to your friends list Get a Link to this Message
I'm currently looking to buy a $20 gold liberty head in MS64 condition as soon as possible. I can get one on the lower side for right around $1700, but I understand that gold prices are currently on the higher side. How much do coins like this change with the change in price of gold, considering their numismatic value?
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 Posted 07/14/2019  4:16 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Common dates trade more like bullion in condition that's in XF - AU grades, grade higher than MS-62 trade at a higher premium, depending all which grade. I did get one with either in a NGC or PCGS slab.

What year?

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Edited by macmercury
07/14/2019 4:18 pm
Valued Member
United States
288 Posts
 Posted 07/14/2019  4:23 pm  Show Profile   Bookmark this reply Add CherryPicker1 to your friends list Get a Link to this Reply
I'm honestly just looking to get the cheapest one I can in MS64, so probably 1904. I'm just wondering if it would be smart to wait until the price of gold goes down, since its still so close to gold value at MS64. Would the price of the coin change very much at that difference, or is now an okay time to buy?
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 Posted 07/14/2019  4:57 pm  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
The price of common double eagles strongly follows the price of gold
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373 Posts
 Posted 07/14/2019  5:00 pm  Show Profile   Bookmark this reply Add jaxenro to your friends list Get a Link to this Reply
You can pull up a few years worth of pricing for a given coin here

https://www.PCGS.com/auctionprices/...1904-ms/9045

then compare it to the price of gold at that time and chart out the impact
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 Posted 07/14/2019  6:18 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
As noted the common double eagle follows the price of spot gold. The hardest part is finding a very nice liberty head for grade at a fair price as the obverse shows marks very easily. If you can find that really nice MS64, at a fair price buy it.
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 Posted 07/14/2019  6:23 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good advice. You will find many different "looks" among TPG 64 coins. Be patient.
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 Posted 07/14/2019  7:21 pm  Show Profile   Bookmark this reply Add CherryPicker1 to your friends list Get a Link to this Reply
Thanks for all of your advice! I was hoping to pick one up at a very big coin show this weekend so I could see it in hand, but now I think I'll wait until gold prices go back down because they seem to be at a big of a peak right now.
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 Posted 07/15/2019  09:59 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
According to those TV coin shows Gold is going to hit a million dollars an ounce soon.
just carl
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 Posted 07/15/2019  2:23 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Your choice obviously but the 1904 is by far the most common Liberty double eagle. You should be able to find a significantly scarcer date in MS64 for very little extra money. it's not necessary to get the most common date in order to get a good price.
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