1927 St Gaudens

While I can't comment on whether now will be a good time to see, Keep in mind that the PCGS prices are highly inflated most times. Here are some prices realized from teletrade, which are much more accurate to the current value:

quote:

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$20 Gold This is the
Only Page



Auc:Lot Description Realized (Explain)



2382:2489
Jun 17, 2007 1927 NGC 65 $1300



2409:1205
Aug 16, 2007 1927 NGC 65 $1400
Gem mint luster. Well struck. Pleasing bright natural sunset golden surfaces. Minimal fine contact marks.


2414:1803
Aug 27, 2007 1927 NGC 65 $1100
Gem mint luster. Well struck. Eye appealing yellow-golden color. Minimal contact marks.


2414:1804
Aug 27, 2007 1927 PCGS 66 $2000
Superb Gem mint luster. Well struck. Eye appealing yellow-golden color. Minimal contact marks.


2435:2637
Oct 14, 2007 1927 NGC 65 $1150
Gem mint luster. Minimal contact marks. Well struck. Eye appealing yellow-golden color.


2441:2452
Oct 28, 2007 1927 PCGS 65 $1200
Gem mint luster. Well struck. Pleasing yellow-golden surfaces.


2457:2408
Dec 2, 2007 1927 NGC 65 $1400
Gem mint luster. Well struck. Pleasing surfaces with minimal contact marks.


2478:2718
Jan 20, 2008 1927 NGC 65 $1500
Gem mint luster. Well struck. Pleasing surfaces.

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I'm not sure about old gold, but PCGS slabs still command a premium over NGC. Typically I have seen NGC coins sell for about the same price as PCGS that are one grade less....

As of the last record of a sale at Heritage Auctions, there are a total of 54 coins graded higher than yours. If there's any way financially you can hold on to this coin for another ten years, I would advise that you do it. Current pricing is in the range of $2200-2600 for an NGC MS66. That may seem like a wide range, and it is, which is a lesson in selling smart - choosing the right venue at the right time is very important, especially with a coin of this caliber.

Your coin has considerable value that isn't directly related to the price of gold. That won't change; in the grand scheme of things it won't depreciate over time, and if gold drops $200 it'll be 20% at bullion but the value of your coin will drop less than 10% (using round numbers).

The high price of gold seems on the surface to be great incentive to sell, but the economic troubles associated with that high price indicate to me that the market will be thinning - fewer people are going to feel confident enough about the economy to blow $2500 of their money on a gold coin. That will be balanced out to an extent by people who decide to go into precious metals as opposed to stocks with their cash, but I don't see it being a seller's market in the short-term. Like many other areas of investment, I like economic downturns for the right time to buy, not sell.

There will be a rebound. We're going to have a few bad years, during which pressure will build, and as soon as consumer confidence is restored the market will have a boomlet. Prices should rise to an artificially-high level as a result of buyers returning to a level of confidence allowing them to start buying nice toys again. That, to me, would be a good time for you to sell. Either way, though, an MS66 1927 St. Gaudens is an extremely smart long-term investment, and the longer you hold it, the happier you'll be. There are only so many of them, and there's only so much gold in the ground.

Am I making sense here?

Thanks everyone for your opinions. I'll be holding...