How do you value SSCA passenger gold?
Coins like the 1857-S double eagles are common and it’s easy to determine market rates on those, but what about coins like unique small denomination $1, $2.50 and $5 coins? Assume these are attractive examples with CAC approval, but not necessarily condition census. Here’s an example:
This very nice looking 51-D $5 AU55 CAC sold for $9,300. CAC price guide for an AU55 example is $5500 so this one sold for about 70% over guide. I have no idea whether this was a good deal or an overbuy if it ever came to selling down the road. Seems like the price was about right to me, but that’s just gut. I often see not so nice examples of uninspiring issues for sale for premiums of 3x the price guides or more. Those seem too high.
Anyways, there’s no exact science to it, but what kind of premium do you think makes sense for collector grade examples of passenger gold from the SSCA that are eye appealing and nice enough for CAC approval? I’m interested in objective market based opinions rather than purely subjective ones. I understand that there are some people out there that would pay no Premium, but that doesn’t reflect the general market. Assume these are the kind of coins that would be in demand absent the provenance, but aren’t otherwise especially unique or attention grabbing. What is your rationale for the premium you come up with?