$1,800 , $18,000 or $180,000 What would you pay

JW77

I'm not much of a modern coin guy, but I find this auction at GC very interesting. It's just a bullion modern eagle, but it is also a piece of history. I would like to own it (can't afford it), but I venture to guess it will go for big bucks. What are your thoughts about this coin.
Pic courtesy GC

Shane6596

PCGS price guide is $2,600.

I like it, but it will be out of my comfort zone.

GRANDAM

Melt +10%

JW77

@Shane6596 said:
PCGS price guide is $2,600.

I like it, but it will be out of my comfort zone.

It's already over $9k; it does come with additional historical paperwork from the opening ceremony. My guess is it will go a lot higher from here. How do you look at this coin-is it gold bullion or is it historically significant?

BillJones

Whatever the going rate for normal example is.

Since gold is now over $1,900, according to my last check on it, I might not be a buyer at this time.

dsessom

Like everyone always says "It's worth what the highest bidder is willing to pay". PCGS Price Guide is just that - a guide. It does not account for anything other than the numerical grade. There can always be other factors that affect the real world value such as toning, strike quality, pedigree, historical significance, etc. In this case, although the coin IS just a gold bullion coin, it has a pretty historically significant story that goes with it, and it's also documented.

Glen2022

Jee, its only a 68. No thanks, Kidding aside, is there also a label with the First Gold AE struck on 9/8/86? If so. who owns? Value?

NeophyteNumismatist

Even $1,800 puts this coin at a price point that competes with coins that I want more.

edwardjulio

Scott should have adjusted the striking pressure.

pcgscacgold

yes, it is worth what the person pays for it. Not for me to tell that person what it is worth.

JW77

@dsessom said:
Like everyone always says "It's worth what the highest bidder is willing to pay". PCGS Price Guide is just that - a guide. It does not account for anything other than the numerical grade. There can always be other factors that affect the real world value such as toning, strike quality, pedigree, historical significance, etc. In this case, although the coin IS just a gold bullion coin, it has a pretty historically significant story that goes with it, and it's also documented.

This made me wonder where the 1st American Eagle is. I assume the Smithsonian, but couldn't confirm it.

telephoto1

Absent the holder it's a sub-par quality AGE so you're paying a ton of money for the label. Pass

BryceM

Two issues here for me. First, the surfaces look a little strange. The area over the date and the left, upper obverse field look "busy" to me. Maybe it's just on the holder. There are plenty of other prettier bullion coins out there.

The second issue is whether or not I think the 27th coin struck is worthy of special admiration. To me, no, not really. Maybe the first one would be significant. To someone else, this coins probably seems special enough to warrant a premium.

But..... I'm also the guy who made special arrangements with the DMV to get license plate #25 for my county...... so there's that.

mr1931S

Tramp

Not for me. Only at melt+ small percentage. If you took it out of it's coffin, all you have is bullion. JMO

wozymodo

Scott who?
Buy the coin (not this one - It's crap ) not the label

291fifth

85% of melt.

TheRaven

Just pass for me. $2000 round number melt, plenty I would rather have for that price.

jkrk

OK I accept responsibility for my own poor decisions. It's not a valid comparison but....

I own coin 78 from the Gold Union $100 George T Morgan from a ltd edition of 5000.

Thought about bringing it to my dentist in case I need add'l fillings.

CharlotteDude

The 27th struck? Yawn…. Maybe if it was in the top five it would then be worth a slight premium over melt. It is, after all, just a bullion coin.

Walkerfan

A dealer would offer you near melt....

Labels don't impress me....

Current bid $9350......SOMEONE thinks it's worth more......

JW77

Well, I can relate to everyone who thinks it's only worth bullion bucks. Its a shame this example has imperfections. With that being said, I do think there is historical significance with all the documentation that comes would the coin. I could see myself paying 2x or 3x gold value to acquire it. I happen to agree with @CharlotteDude that a top five or even a top 10 would be more significant, particularly in a MS70 holder, and I would even go to the $10k(with fee) where the bid is currently at or even more. Just my thoughts.

Cougar1978

$1800

cameonut2011

@edwardjulio said:
Scott should have adjusted the striking pressure.

He should have struck it 50 times with sand blasted dies and sold it as a unique matte proof.

coinbuf

Not worth anything than bullion value to me, a fool and his money are soon parted is all I think when I see the price this is going for.

Steven59

I thought it was "Buy the coin NOT the Label". But who knows ????????

logger7

Travers ran a numismatic company for many years was a head honcho at the ANA for a while. He gave me good advice once on a boiler room operation on Long Island. He wrote some good books.

124Spider

Call me simple (it's happened before), but I don't understand why anyone would much care about this.

I understand, e.g., GSA holders for Morgan Dollars. And I understand holders showing the coin is from a famous shipwreck.

But I just cannot bring myself to care about, e.g., "first strike." And the like. To me, this is in that group.

YMMV

ricko

Collectors interests vary widely.... Obviously this is special to some collectors, or the bids would not be this high. To others, not so much... Seems to be enough interest that even resale will likely be good.... Cheers, RickO

telephoto1

@logger7 said:
Travers ran a numismatic company for many years was a head honcho at the ANA for a while. He gave me good advice once on a boiler room operation on Long Island. He wrote some good books.

So in your opinion does his name on a label instantly make the coin worth 5 times what it would be without it?
I don't see it personally, especially on the 27th example struck. If it's one of the first 10... ok, maybe a bit of a premium- but #27? And a lower end example to boot?

Colonialcoin

I’m not into gold but I would never spend big money on a modern gold bullion coin which is just that, bullion. If I was going to spend big on one coin, the money would go into early dated half eagles.

logger7

I wonder what the resale value of the coin will be after it sells? It looks like a highly desireable coin, but would rather have a bunch of certified $20s, better designs and look.

SimonW

27th? Anything north of 26 I personally deem unworthy.
😜

mark_dak

@BillJones said:
Whatever the going rate for normal example is.

Since gold is now over $1,900, according to my last check on it, I might not be a buyer at this time.

What Bill said... At $1900 I am not a buyer of modern gold at all... even at or near bullion price. I was a buyer at $1000 to $1100 but since then I have passed on countless modern pieces at melt. Signature and 27th coin is of no significance in my eyes.

Mark

daltex

More to the point, does the label hold its value without the accompanying paperwork?

Namvet69

And that greasy latent at K1 doesn't help the grade.

JW77

@daltex said:
More to the point, does the label hold its value without the accompanying paperwork?

For most of the folks who look at this as a bullion coin its a moot point. But for the few who see some historical significance I would say the paperwork has a significant impact on its value. After all, it is not the label, but rather what the label represents, and the paperwork is a large part of that documentation.

telephoto1

@Namvet69 said:
And that greasy latent at K1 doesn't help the grade.

Maybe they want it because it's the only one known with his fingerprint on it

Joe_360

I think that I'd rather own the 2021 V75...