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 Replies: 10 / Views: 1,593 |
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New Member
United States
22 Posts |
I'm a new coin collector and was thinking of purchasing a 1925-S Saint Gaudens Double Eagle. It has been graded from PCGS as "PCGS Genuine Cleaning - AU Details.
Is this coin worth purchasing in the AU state rather than MS? And if so, how much would the top dollar amount should I invest in it?
I appreciate any help available.
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Pillar of the Community
United States
6370 Posts |
Melt @ $1190 with gold being $1233 an ounce.
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Pillar of the Community
United States
4409 Posts |
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New Member
 United States
22 Posts |
Thanks for the information, it will be a great help now and in the future.
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Pillar of the Community
861 Posts |
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Pillar of the Community
United States
6370 Posts |
Oops. Maybe I should research the gold market some more. Just ignore my previous response.
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Bedrock of the Community
United States
10982 Posts |
Quote:
Is this coin worth purchasing in the AU state rather than MS? And if so, how much would the top dollar amount should I invest in it?
It's really not AU, it's AU Details so it depends on how bad the cleaning is. Problem-free pieces in AU50 have been trading around $4,000 retail lately. I wouldn't pay pay more than $2,000 for a harshly cleaned piece. Maybe $2,500 if it's a nice looking lightly cleaned piece. |
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Pillar of the Community
United States
1748 Posts |
I would wait and buy a problem free piece graded as AU-50 or so, IMHO. A cleaned specimen will be worth well above spot, but it will always be a "problem coin". 1925-S is one of the Saint issues that went to the melting pot in massive numbers in 1937, but not to the degree of 1933, 1932 or 1927-D. Paul Wittlin in the 1950's and 1960's found enough of them in French and Swiss banks to make them an affordable coin by most serious collectors of the series. Keep hunting and I think you would find a more pleasing specimen.
Edited by DoubleEagle20
02/08/2015 4:55 pm
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New Member
United States
22 Posts |
That is all great information, I will keep looking. I have always been drawn to this coin, and don't have one yet.
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Pillar of the Community
United States
1450 Posts |
The $20 gold piece is considered by many to be the most beautiful American coin. It is a legend in 20th century music and literature. I remember a song where the old blues singer wants to die with a $20 gold piece in his pocket to show he died pat, or something like that. That coin is a piece of history and I see why you want it. The history and artistic quality behind these coins and other gold and silver coins is really a big piece of the value. Plus you don't find them laying around the house in a jar. Not my house anyway.
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Bedrock of the Community
Australia
21786 Posts |
Depends what your motivation is in buying such a coin.
If it is the artistry of this World famous neo classic design, I would suggest that a common date in an MS+ grade would best suit your wants.
I you are serious about getting a scarce date, perhaps this coin may suit you, provided the price is right.
Gold is a soft metal, and any cleaning should be very obvious.
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Replies: 10 / Views: 1,593 |
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Posted 02/08/2015 3:30 pm
