Home U.S. Coin Forum

Market Trends PCGS Pre 1933 gold

JW77JW77 Posts: 460 ✭✭✭✭✭

I have been out of the rare gold coin market for about 10 years for various reasons. I transitioned to bullion for most of this time and dabbled in some peace dollars, silver commemoratives, barber proofs over the last 3 years trying to find my next interest. After recently trading it all for "The One", I was looking for what else I could pursue to add to my current box of 1, with the intention of not exceeding a box of 20 over a several year period. I sort of caught the PCGS CAC gold bug again and decided to review pricing of Saints, Indians and Liberty gold. It was 10 years ago I sold my Saint collection, so I went to the PCGS price guide and look at the 10 year trend. The first thought that popped in my head was "you dumb a**". On the other hand it does not seem that smaller denomination Liberty and Indian Gold did as well (I did not look at $20 Liberty). Yes everything has rocked over the last couple of years, but looking back 10 years, $5 gold is flat to even down while Saints have doubled. I was only looking at generic or semi generic dates/mintmarks, no key dates. I know this was a very cursory look at pricing, and maybe it was too small of a sample to make a valid conclusion. My question: if this observation is correct, why didn't the lower denomination liberty and Indians not follow the huge 10 year run-up in pricing like the Saints. If my conclusion is incorrect, I apologize in advance for wasting your time, otherwise, I would like to hear some feedback from the members who actively have followed the market all these years.

Comments

  • jmlanzafjmlanzaf Posts: 31,828 ✭✭✭✭✭

    I think Saints are just more popular.

  • JW77JW77 Posts: 460 ✭✭✭✭✭

    @jmlanzaf said:
    I think Saints are just more popular.

    yup, who doesn't love Saints! Are there any other factors such as the Fairmont coins predominantly impacting $5 gold?

  • DeplorableDanDeplorableDan Posts: 2,527 ✭✭✭✭✭

    Your observations are mostly correct, all of the PQ gold is way up but some series performed better than others. I think Saints in particular exceeded expectations for a few reasons.

    1. Its one of the most beautiful designs imo
    2. Its a big coin and easy to enjoy
    3. It contains a full ounce of gold
    4. They're easy to find in excellent condition

    Taking all those things into consideration, throw in a worldwide pandemic, a questionable economy and rising gold prices, and people realized that an MS65 Saint as a quasi-investment for a couple hundred bucks over spot was just too good of a deal.

  • jmlanzafjmlanzaf Posts: 31,828 ✭✭✭✭✭

    @JW77 said:

    @jmlanzaf said:
    I think Saints are just more popular.

    yup, who doesn't love Saints! Are there any other factors such as the Fairmont coins predominantly impacting $5 gold?

    That's an interesting question. Unfortunately not a market I track that closely. But the Saints just exploded without lifting the rest of the market nearly as much, including types less affected by the Fairmont hoard. Idk

  • JW77JW77 Posts: 460 ✭✭✭✭✭

    @DeplorableDan said:
    1. Its one of the most beautiful designs imo
    2. Its a big coin and easy to enjoy
    3. It contains a full ounce of gold
    4. They're easy to find in excellent condition

    Taking all those things into consideration, throw in a worldwide pandemic, a questionable economy and rising gold prices, and people realized that an MS65 Saint as a quasi-investment for a couple hundred bucks over spot was just too good of a deal.

    Thanks for the feedback, I failed to mention that I focused my analysis on the MS65 grade, so your comments were right on point!

  • olympicsosolympicsos Posts: 693 ✭✭✭✭
    edited February 16, 2023 12:25PM

    Saints had a down period throughout the 2010s, COVID helped wake the series up.

  • SmudgeSmudge Posts: 9,242 ✭✭✭✭✭
    edited February 16, 2023 2:30PM

    Edit

  • SmudgeSmudge Posts: 9,242 ✭✭✭✭✭

    Saints are a bit shy of an oz of gold.

  • jmlanzafjmlanzaf Posts: 31,828 ✭✭✭✭✭

    @Smudge said:
    Saints are a bit shy of an oz of gold.

    1 sig fig

  • streeterstreeter Posts: 4,312 ✭✭✭✭✭

    JW
    Throughout the summer of 21, I kept wondering if the Saint market was underpriced. Sept Long Beach I jumped in and bought a few generics. Only ms65 Saints but a few ms63 $10 libs and ms64 saints.

    10%-15%+ back of online price guides. IIRC, I think I bought 30 ms65 Saints and 10 misc gold items. Bought some pretty pieces. My buddy and I went quickly through the show because I felt there would be others with similar goals. Turns out when we went back to a few dealers where we couldn't strike a deal, most of the material we wanted already went down the road.

    I think prices have moved up quite a bit since then. A lot of people using the 5-6 generic Saints as a hedge against the dollar debasement. I think it will continue. The downside is that if these same people decide to move away from Saints, the downward force might be dramatic.

    Have a nice day
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Gold is always good.... sometimes it is great.... :D Cheers, RickO

Leave a Comment

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