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Saddle Ridge Coins Now Available - Worth It?

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Valued Member
njnumis's Avatar
United States
70 Posts
 Posted 05/27/2014  10:14 pm Show Profile   Bookmark this topic Add njnumis to your friends list Get a Link to this Message Number of Subscribers
I just got a notice from Amazon that the Saddle Ridge horde coins are now available for purchase; looks like all late 1800s Liberty Head gold dollars $2500 and up.

Any one think these are a good deal, or are they marked up because of the notoriety/publicity about the find?

Link to Amazon Saddle Ridge collectibles: http://www.amazon.com/b/ref=s9_acss...i=9003130011
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bobby131313's Avatar
United States
24154 Posts
 Posted 05/27/2014  10:16 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
Thems some high grades..... The first one I looked at was PSGS 92.
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jhp2104's Avatar
United States
291 Posts
 Posted 05/27/2014  10:16 pm  Show Profile   Bookmark this reply Add jhp2104 to your friends list Get a Link to this Reply
I looked at a number of the coins in the MS 62 / 63 range. Most of the coins can be purchased for more than $1,000 less in the same grade in "regular" PCGS slabs. The Saddle Ridge story is truly amazing, but any purchaser is paying a substantial premium for it.
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zxcccxz's Avatar
Canada
5417 Posts
 Posted 05/27/2014  10:20 pm  Show Profile   Bookmark this reply Add zxcccxz to your friends list Get a Link to this Reply
Most of them are very, very hiked up in price. Not worth IMO.
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njnumis's Avatar
United States
70 Posts
 Posted 05/27/2014  10:21 pm  Show Profile   Bookmark this reply Add njnumis to your friends list Get a Link to this Reply
That's what I suspected, jhp2104 and zxcccxz. Of course, I'd get yelled if I spent more than $50 on buying a coin over the internet so I'm not in the market anyway lol.

Just wondering if they were pulling these prices out of thin air or if the market was setting it. Looks like it's all due to the story and popularity of the find.
Edited by njnumis
05/27/2014 10:21 pm
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Jon Brand's Avatar
United States
1023 Posts
 Posted 05/27/2014  10:28 pm  Show Profile   Bookmark this reply Add Jon Brand to your friends list Get a Link to this Reply
Wow serious prices. Nice stuff though, and I can't believe the amount of coins listed!
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westernsky's Avatar
United States
7618 Posts
 Posted 05/27/2014  10:29 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Do not buy coins based on hype. Stick to value based on the coin alone. Paying for provinence has a low return on investment.
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Jon Brand's Avatar
United States
1023 Posts
 Posted 05/27/2014  10:32 pm  Show Profile   Bookmark this reply Add Jon Brand to your friends list Get a Link to this Reply
Never heard of 92, 97, 98 etc. Thats a professional cleaning grade or something?
Edited by Jon Brand
05/27/2014 10:33 pm
Valued Member
AES's Avatar
United States
452 Posts
 Posted 05/27/2014  10:41 pm  Show Profile   Bookmark this reply Add AES to your friends list Get a Link to this Reply
Those are problem codes for cleaning, damage, etc.

http://www.pcgs.com/grades.html

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njnumis's Avatar
United States
70 Posts
 Posted 05/27/2014  10:42 pm  Show Profile   Bookmark this reply Add njnumis to your friends list Get a Link to this Reply
I didn't know that either, thanks AES
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Jon Brand's Avatar
United States
1023 Posts
 Posted 05/27/2014  10:43 pm  Show Profile   Bookmark this reply Add Jon Brand to your friends list Get a Link to this Reply
AES, been to that page but somehow missed that, thanks for the link!
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dsfreeworld's Avatar
United States
4337 Posts
 Posted 05/27/2014  10:45 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list Get a Link to this Reply
It must be the PCGS Genuine Code. These are damaged and asking $1000 over price guides? Am I missing something here?
Valued Member
AES's Avatar
United States
452 Posts
 Posted 05/27/2014  10:46 pm  Show Profile   Bookmark this reply Add AES to your friends list Get a Link to this Reply
They have some really nice problem free coins too, all way high though.
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Cruisinfusion's Avatar
United States
1531 Posts
 Posted 05/27/2014  10:51 pm  Show Profile   Bookmark this reply Add Cruisinfusion to your friends list Get a Link to this Reply
Wow...
Would not pay that for those...
I'd like the history but those seem so wildly overpriced. Many damaged...

I was under the impression that all the coins found were in perfect, stunning condition, not cleaned and damaged. But hey...
Valued Member
njnumis's Avatar
United States
70 Posts
 Posted 05/27/2014  10:56 pm  Show Profile   Bookmark this reply Add njnumis to your friends list Get a Link to this Reply
These are the coins currently available to the public via Amazon - there are probably much better ones they're reserving for auction to try and get an even bigger profit margin on them.
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Cruisinfusion's Avatar
United States
1531 Posts
 Posted 05/27/2014  10:58 pm  Show Profile   Bookmark this reply Add Cruisinfusion to your friends list Get a Link to this Reply
That's a good point, nj.

Like the top pops and that stunning MS66 $10 they showed...
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