1928 ST GAUDENS $20 Gold PCGS Error Planchet Streak Reverse Value?
bvirts
Posts: 5 ✭
Hi there, I have this 1928 ST GAUDENS $20 Gold PCGS Planchet Streak Reverse coin. I'm trying to determine value on this piece. Any info appreciated!
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Pictures?
RIP Mom- 1932-2012
Does it say that on the tag itself?
You probably have what I call a “white elephant” error – the value of the coin itself probably far exceeds any premium it might have as an error
Photos of the coin in the holder and a close-up of the area would be helpful
My opinion: An "error" like that should be discounted. Forget about any premium.
Ah. Carbon streak. One of the instances where what is technically an error can actually reduce value.
RIP Mom- 1932-2012
If you ever want to sell it, I can pay full melt value.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@bvirts ... Welcome aboard. Thank you for the pictures. As above, while an error coin, it is a bit unattractive and likely will not command a premium. The gold value itself will approximate selling price. Cheers, RickO
A shame really. Absent the carbon streak, it's a very attractive piece and a shot 65 imo.
RIP Mom- 1932-2012
What caused that carbon streak -- the planchet ?
How would that lead to a carbon streak which might not have showed immediately at the time of striking ?
Never seen that before, or the citation on the label.
66 even....very nice coin ex-streak.
Organic material in the metal used for the planchet. We had a Morgan once with such a streak that actually looked like there had been a wood splinter in the metal. The streak shows immediately and is there forever.
RIP Mom- 1932-2012
If you can get cac to sticker it, and they tend to like original gold coins with copper spots, etc., then you have a premium over common.
For @FredWeinberg:
Copper spots, yes....as long as not too large or distracting. I can't see CAC liking that smudge.
It is unique but I agree with the posters that a buyer of Saints isn't likely to pay a premium as an error coin.
Thanks everyone!
Even if CAC liked/stickered the coin, at that grade level, any premium would likely be minimal.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Please correct me if wrong but I don't think CAC accepts error coins.
A collector got $2200 at a recent show for a common date Saint (1924) in MS62 so with a cac sticker that should be worth a few hundred more if the owner could find an area submitter for him. The $35 fee would be worth it as it would send a message to buyers that it is high end and original.
I like it. I had a nice $2 1/2 Indian with a very similar streak, that also got labeled as an error. I’d be slight premium for it since it’s unique.
Some wholesalers will pay in the $2300 range for non-stickered MS62 examples.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I believe it. I got $2,300 for an MS-63 1915-S which I paid spot bullion for 3 years ago at FUN 2020. Even before he looked it up on his PC, my LCS guy said premiums for Saints and slabbed commons had been very strong.
So no premium to 15% in 3 years. Not bad.
Thanks for all the info, yeah, I've had this piece for many years, obviously it's worth more right now than ever, I just thought there may be a market for such coins, and possibly a little more premium for such a piece. Cheers...
The only way to know if this error carries any premium is to put it in an auction with a lot of eyes (Great Collections for example) to see how it does compared to similar non-error coins.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I could be wrong but my understanding is that CAC does not sticker Mint Errors.
Collector, occasional seller
Clean surfaces but for the error though.
I could see it bringing a Premium @GC,
Thanks for posting the photos of both sides
This may be an unpopular opinion, but from my observations, once you get into gold coins in the several thousand dollar and up range, minor/moderate errors don't really seem to fetch a premium at all. If anything, they limit the pool of potential buyers. As a type collector, I want the nicest and most appealing example within my price range, and for me an error coin doesn't normally fit the bill.
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I've never used them, don't you have to send to them and then they auction it?
I agree with this statement from Dan. I sent to Heritage a double clash and DDR 5 $. The results was 100$ more then the grade. Very few will bring high premium, but you has to find the buyer. I have no idea if I am right or wrong, but is my experience as I state.
NEVER ARGUE WITH AN IDIOT.
FIRST THEY WILL DRAG YOU DOWN TO THEIR LEVEL.
THEN, THEY WILL BEAT YOU WITH EXPERIENCE.
MARK TWAIN
Yes, you create an account, fill out a submission form and send them the coin. The entire process normally takes 5-7 weeks from the time they receive the coin to when you get a check , but its a very simple and seamless process if you want to auction a single coin. However, when you factor in the amount of time it will take, shipping and insurance charges, and 10% BP, an auction might not be the best option for 1 generic saint. If it were my coin, I might try an Ebay BIN or offer on the BST or FB, but that's tougher to do unless you have previous sales references or are willing to ship the coin prior to payment for COD terms.
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