$ 20 St. Gaudens or Liberty
SilverEagle1974
Posts: 135 ✭✭✭
Hi All,
With gold hovering around $ 2400, I see a few PCGS 64's on Ebay for around that price, if purchased a few at a time.
If I were to "collect" or "stack" a few of these, which is the better for long-term, say 10-15 years ?
Comments welcomed.
Chris
0
Comments
I'd rather have a Saint than a 1904 Lib. But if you can find a pre 1890 Lib, then I'd take that.
????? When my crystal ball comes back from the shop, I'll consult it and update my post.
Today, with gold at $2400, you are paying around spot. Where is spot going to be be in 10-15 years, and where are premiums going to be?
If gold is $10,000 and there is no premium, you'll do great no matter what. If gold collapses to $500 and premiums explode to 100%, you are going to get crushed, regardless of which one you choose.
On the margins, who knows? Bottom line -- at all time highs, this is purely a bullion play. Whatever downside protection you think you are getting with MS64 generic gold will be minimal as compared to the risk you are taking by buying gold at $2400/oz.
Premiums might or might not come back if gold takes a dive, but they will likely only be a few hundred dollars at best, which will be cold comfort if gold loses $1,000/oz or more. And, if gold keeps going up, there will likely continue to be little to no premium. Which won't matter.
Bottom line -- just buy what you like. One is not likely to be better or worse than the other. At these prices, it's all bullion. Good luck!!!
Both, but remember we were telling everyone to buy $300 gold and not $2400 gold although I do expect it will continue higher. RGDS!
The whole worlds off its rocker, buy Gold™.
Please remember those are not one ounce coins. At $2400, you're paying about a 4% premium.
Understood, but that's nominal, and all coins are expected to have some premium at retail, since sellers do have to make something, and it's not reasonable to expect knowledgeable people to sell to resellers at significantly below melt.
As prices continue to rise, that could even shrink further, since 4% of $3,000 is more than 4% of $2,000. What's the going premium on random date AGEs? APMEX is at $2496 as I type this, when spot is $2384. Also around 4.5%!
.9867, 4% premium on a slabbed 64? the CC rewards would pretty much eat up the premium.
The whole worlds off its rocker, buy Gold™.
I opted for a $20 Saint, the prices being realized (at least a few weeks ago) weren't that much more over spot for a common date MS65.
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
The actual gold content of a double eagle is .9675 Troy ounce.
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
This.
People seem to compare the cost of pre-33 to AGEs, but there is a significant weight difference.
The OP referred to "stacking". I wouldn't stack anything at a 4% premium. There are more efficient methods.
Upstate, by the way, is buying AGEs at spot and selling at 1% over. Bars are also 1% or less over spot.
Buy 64 Saints at 4% over if you want 64 Saints. But they aren't really a bullion play at that number, in my opinion.
However, my main point was just to make sure people remember that pre-33 is only .9675 oz good weight. The OP, like many others, refers to spot as though they are one ounce coins.
Ask yourself if now is really the time to "stack" gold, sitting at all time highs. You are banking on that trend to continue, obviously. But $2400 a coin is kind of an expensive game to play based purely on spot price, don't you think?
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
I would go for the saint.
They are both very cool coins. Save your money and get one of each.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I like both as well. I’d much rather a generic pre-33 double eagle over a modern AGE any day. Unfortunately nobody here can answer whether it will be a good investment in 10-15 years.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
Either way I’m cautious of counterfeits and fakes on eBay.
But people will try... 😉
I would get the best date the martlet provides. It would not be a 1927, 1924 or 1904 for example but there are lots of other dates that are surprisingly common
11.5$ Southern Dollars, The little “Big Easy” set
Up to $2,100 the increase on gold was very orderly, the last $200 or so to $2,400 has been more FOMO and less orderly. My guess is there will be opportunities to buy AGEs at lower levels from here (maybe back to $2,100); however, I also think we will see gold eventually settle around the the $2,400 to $2,700 level by year-end once all the volatility settles down.
"Better date" vs. "Better grade" is going to be the conundrum... I had the opportunity for a 1914-D in MS63 or the much more ubiquitous 1924... in MS65. I was also looking at a 1926(?) around the same time. I chose the higher grade, but that's just me...
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
Many warn that the price of gold is relatively high. I thought that when I bit the bullet and bought a bunch at $600.
The argument of WHEN to buy is a choice that is often disputed but there’s no definitive correct answer. Some people will say “don’t buy now at these high prices”. Then if you wait for the dip you’ll hear “never catch a falling knife”. Timing is everything I guess.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
Yeah, I loaded up on those early 4 coin AGE set 88-92 at around $995 a set, now they fund a lot of nice Lincolns and other things that I want more. Still have some gold though, StG's in old green rattlers mostly.
Common date 64 Libs were $2,400 in 2008 when gold was $800. Many got burned when premiums crashed.
I'd search for slightly better date Libs if paying $2,400 for a 64 right now.
Saints are prettier.
sounds like a good idea. there is an allure to 1800's gold. there are also the common date saints that i flipped so many of I got sick of seeing them. the 27 and 24.
i also recommend getting these with the actual gold weight in mind. .9675 toz
then, i'll let you make up yor own mind as at what price of gold is good to stack at. I would wonder if gold crashed deep if any premium would reappear on these. they are plentiful enough now i think not ... unless hoarding started.
Give me a Liberty or give me death!
Stacking them too. I like both (slabbed). PCGS.