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 Replies: 10 / Views: 3,717 |
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Pillar of the Community
United States
819 Posts |
I am thinking about buying a St G double eagle. Purpose is for possible investment if gold goes way up, secondly for the beauty of the coin. Is there any reason to buy one with the motto, without the motto, or does it make any difference?
Secondly, would an earlier date be better..say a 1909 verse a 1924.
thirdly what about mint mark?
any suggestions would be helpful, thanxz, bob
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Pillar of the Community
United States
3516 Posts |
If you only care about the gold value, then buy whatever is cheapest. There is only one date with the Motto Varieties, the 1908, and the more valuable variety is the with Motto.But if you care about numismatic value, look for some better dates that bring a higher premium over spot, such as the 1908, 1908-d with motto, 1908-s,
1913-s,1922-s,1924-D, 1924-s, 1925-d, and the 1925-s.
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Valued Member
United States
291 Posts |
What are considering spending? If spot, then you will likely get one of the common dates from the Philadelphia mint (1908 no motto, 1924-1928). If you are willing to spend a few hundred extra, the you can get one of those dates in Mint State certified by a TPG. For a few hundred more you can pick up a 1910 D, 1911 S, 1914 S or D, 1915 S 1916 S or 1922 or 1923 P or D. The next level up is 1907, 1908 Motto, 1909, 1912, 1913 and 1920. If you want rare, go for one of the 1924-28 mint marked Saints, and if you want to spend enough to buy a European car, pick or any from the years 1929-1932. |
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Pillar of the Community
 United States
819 Posts |
thanxz for the info I think the European Car range is out of my league. I am thinking more in $1600 range.
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Bedrock of the Community
United States
17884 Posts |
And if gold goes WAY up the numismatic premium, except for really high grades, tends to disappear. There aren't very many people collecting Saint-Gaudens double eagles by date and mint, and as the gold value rises the number of collectors decreases. Lower demand means lower premiums.
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Bedrock of the Community
United States
94367 Posts |
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Pillar of the Community
United States
1450 Posts |
I think you should decide if you are a collector, or an investor, or buying gold as insurance. When you start to try and out guess the precious metals market most of the time you lose IMO. If you think gold is going way up you are betting on economic disaster or hyperinflation. I bet there will be inflation but when and how much I don't know, nor does anyone else.
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Pillar of the Community
United States
1748 Posts |
If you are buying specifically as a gold "investment", I would recommend a nice MS-64 PCGS 1928. A PCGS holder helps in this case for authenticity.
The spread between numismatic and gold value of said coin is much smaller.
Edited by DoubleEagle20
06/26/2016 10:55 pm
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Bedrock of the Community
Australia
21788 Posts |
Coin with motto slightly better balanced design.
Just go for the best condition possible; they have more eye appeal.
Probably worth it for the artwork, despite not much extra numismatic premium.
I didn't buy my St Gaudens for the gold, but for it's beauty.
Same applies to my avatar.
It's in a screw capsule not slabbed, so I, and those I show it to, can handle it and not bruise it; very tactile with the weight.
Cost me $600 when I bought it a long time ago; AGW +20% at the time.
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Pillar of the Community
United States
1450 Posts |
If you are buying just for gold buy the bullion. If for collector/numismatic value then the world is wide open for collectors. I think the best deals might be the Liberty Head gold. 20th century gold is expensive including all the Saint-Gaudens and Indian Head coins. The thing is where will gold prices be a year from now. Gold intrinsic value makes up so much of gold coin value. You know inflation adjusted price of gold should be around $850 an ounce according to the charts.
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Valued Member
United States
294 Posts |
If you want just one St. Gaudens, and you want a cool one, then get the 1909/8 overdate. The overdate is clearly seen by the naked eye, unlike other coins where you need a glass or squinting to see it.
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Replies: 10 / Views: 3,717 |
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Posted 06/20/2016 11:19 pm
