@skier07 said:
That was me. They were common date decent looking Philadelphia half eagles from the 1840’s and 1850’s in NGC >and PCGS 55 holders purchased 8-10 years ago. Last I checked a few months ago I can probably sell them for >around $900 to $1000. There’s very little premium.
Thanks for chiming in, Skier....much appreciated.
I bought a 1923-D Saint at FUN 2020 when gold was about $1,650.....paid about $3,500....gold has doubled and it seems MS-66's are now about $5,000 sans CAC. So the 100% premium has shrunk to about 50% in my case.
@semikeycollector said:
This is a very interesting question! I know that in May of 2022 the price of gold was in the mid 1800's range. If >someone were to buy a common MS-60 coin back then the price was somewhere in the $800 area and now its >maybe $900. These are trends prices, so they can be used only as a yardstick. But they are not extremely >inaccurate. Auction price comparison would be more precise. Someone would have made more money buying a >VF-30 for about $100 cheaper. Now it is not worth much less >than a MS-60.
Yes, the closer to pure bullion you purchase, the more leverage to a rising gold price (at least for 1-ounce coins, which I track). I had expected myself that a rising gold price would see more leverage to the upside with numismatics but it doesn't seem to happen, if at all, and certainly not for long periods of time. That's with Double Eagles, going back to the 1980's. I've also seen the same pattern with commemoratives as they no longer sell for the big premiums when gold was under $2,000.
Many rarer dates and coin of condition rarity have fared much better. That wouldn't be a big surprise.
Sure, that's the Big Asterisk to my point above. If a coin becomes a key date (or semi-key ) or it has unique traits that folks want (such as an MCMVII High Relief, which sells at a huge premium to the underlying gold content), it will maintain that premium and/or even expand it as they trade in their own Little Universe.
Congratulations @semikeycollector for picking up a nice CAC example of such a TOUGH and underrated key Nola date. This is my XF40 CAC that I was fortunate to acquire several years ago. It was previously in the Littlejohn collection and is ex. @RYK and @pillarsportraits .
@Wahoo554 said:
Congratulations @semikeycollector for picking up a nice CAC example of such a TOUGH and underrated key Nola date. This is my XF40 CAC that I was fortunate to acquire several years ago. It was previously in the Littlejohn collection and is ex. @RYK and @pillarsportraits .
An awesome coin! Great color and surfaces. According to CAC there are 20 for this date. However Doug Winter says only 1 has crossed the auction block. I know that number is at least 3 now. I'm surprised there are 20 CACs of this date. Winter says maybe half a dozen have original color. This was stated in his NOLA book less than a few years old.
An awesome coin! Great color and surfaces. According to CAC there are 20 for this date. However Doug Winter says only 1 has crossed the auction block. I know that number is at least 3 now. I'm surprised there are 20 CACs of this date. Winter says maybe half a dozen have original color. This was stated in his NOLA book less than a few years old.
Thanks! I’m also surprised that there are 20 CAC examples. It’s quite telling that there was only one 42-O in all of Fairmont and it was details. This and the 47-O are really scarce.
Comments
Thanks for chiming in, Skier....much appreciated.
I bought a 1923-D Saint at FUN 2020 when gold was about $1,650.....paid about $3,500....gold has doubled and it seems MS-66's are now about $5,000 sans CAC. So the 100% premium has shrunk to about 50% in my case.
Yes, the closer to pure bullion you purchase, the more leverage to a rising gold price (at least for 1-ounce coins, which I track). I had expected myself that a rising gold price would see more leverage to the upside with numismatics but it doesn't seem to happen, if at all, and certainly not for long periods of time. That's with Double Eagles, going back to the 1980's. I've also seen the same pattern with commemoratives as they no longer sell for the big premiums when gold was under $2,000.
Sure, that's the Big Asterisk to my point above. If a coin becomes a key date (or semi-key
) or it has unique traits that folks want (such as an MCMVII High Relief, which sells at a huge premium to the underlying gold content), it will maintain that premium and/or even expand it as they trade in their own Little Universe.
Good eye! I will get a Charlotte one day!
Did someone say Charlotte? Not long ago, I happened to get all the ladies together…
@CharlotteDude How did that 60-D sneak into the photo?
Great run of beautiful gold. Thanks for sharing.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
A very impressive set, indeed.
I love this set! There are so few sets like this!
Congratulations @semikeycollector for picking up a nice CAC example of such a TOUGH and underrated key Nola date. This is my XF40 CAC that I was fortunate to acquire several years ago. It was previously in the Littlejohn collection and is ex. @RYK and @pillarsportraits .
@CharlotteDude
Your post got me to thinking. I never considered the Classic Heads as Liberty's but it's got the word right on it
Stopped at the vault and took a quick photo of my current set of Classic Head $5's.
.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Lafayette Grading Set
An awesome coin! Great color and surfaces. According to CAC there are 20 for this date. However Doug Winter says only 1 has crossed the auction block. I know that number is at least 3 now. I'm surprised there are 20 CACs of this date. Winter says maybe half a dozen have original color. This was stated in his NOLA book less than a few years old.
A new Orleans $20 may go on my bucket list! What a cool coin. If it could only talk!
Thanks! I’m also surprised that there are 20 CAC examples. It’s quite telling that there was only one 42-O in all of Fairmont and it was details. This and the 47-O are really scarce.