Home U.S. Coin Forum
Options

The PCGS Million Dollar Coin Club™

ZoinsZoins Posts: 33,913 ✭✭✭✭✭
edited September 5, 2021 7:56PM in U.S. Coin Forum

Great article on The PCGS Million Dollar Coin Club™:

https://www.pcgs.com/million-dollar-coin-club/regularIssues

It's pretty incredible that there are 64 regular issue coins worth over $1 million, comprising 173 individual coin specimens.

Regular Issue United States Coins

There are 64 regular issues (coins struck at the U.S. Mint as either circulation strikes or proofs) that are members of the PCGS Million Dollar Coin Club. Actually, a few of the coins are technically patterns, such as the 1907 Extremely High Relief $20 St. Gaudens, and a few are clandestine strikings, such as the 1913 Liberty nickel, but those coins are strongly associated with the regular issue series. Of these 64 issues, there are 173 specimens that are members of the Million Dollar Coin Club, 145 of them privately held.

I wonder what the list looks like now with the recent strength in the market. The prices definitely need updating as the $2.5-$3.5M estimate for the 1933 DE was blown out of the water. The estimate is from while the Langbord case was in progress but not concluded, which is noted.

1933 $20 Double Eagle - PCGS MS65 POP 0/1/0 CAC - Ex. King Farouk, Stuart Weitzman
Realized: $18,872,250

PCGS wrote:
1933 $20, MS65 (estimated grade) - $2,500,000 to $3,500,000 (16 to 18 coins, perhaps more). There are approximately 16 to 18 known 1933 $20 Saint-Gaudens, including the ten specimens currently held by the government which are part of a legal battle to determine their legal status. There is one coin that grades an estimated MS65 that sold for $7.59 million at auction in 2002. This is the only example of this rarity that may be legally owned. In 2005, ten more specimens were turned in to the government and those ten coins are currently the subject of a lawsuit by the owners (the Switt family) seeking to have the coins returned to them with the declaration that they are legal to own. The Smithsonian Institution has two examples of the 1933 $20 in its collection and there are a rumored two or three other 1933 $20 gold pieces that may exist. It is our estimate that the 1933 $20 gold pieces that grade MS65, if they were legal to own, would bring $2.5 to $3.5 million each at auction. If the government wins its case and the ten coins it is holding are not legal to own, then the value of the one to four coins outside of government control would increase to well beyond the $3,500,000 price

Comments

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file