Premium on $20 St Gaudens Double Eagle
cinque1543
Posts: 453 ✭✭✭
This mostly is a question of curiosity. There have been several posts on this forum noting that, with the rising price of gold, premiums on gold coins have come down. Looking at the APMEX site, I see that a pre-1933 random date $20 St Gaudens Double Eagle in PCGS MS-65 condition has a premium of 6.4%.
Ten years ago, back in 2016, gold peaked at $2,145 per ounce. Just to get feel for how much premiums have come down, does anyone know what the premium (roughly) was at that time?
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I wouldn’t know the premium back then without looking it up. And you can do that by checking auction archives.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Good point. Just checked the Great Collections archive. A PCGS MS63 1922 St Gaudens sold in April 2014 at a 19% premium above the April 2014 price of gold. Will check a few others, but based on a sample size of one, I guess premiums have come down a lot. Thx.
If you can find my Saints thread here, I posted a graph of the premiums from about 2000-20 for MS-65 and MS-62 coins.
I'm traveling back from FUN and will repost in a few days if needed.
I found it. EXCELLENT!
If it doesn’t sticker treat the common dates at 65 or below as bullion at current prices. Ditto for the CAC coins in 64+ and lower.
In checking for premiums, I don't see where gold was anywhere close to $2145/oz. in 2016.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Looks like a range of approximately $1,100 to $1,400 per ounce, maybe avg around $1,250. This is consistent with the chart above.
A bunch of really nice saints are getting sold at almost spot.
I'm doing my best to grab non-CAC'ed gems that look like they should have a premium.
My prediction is that 20 years after JA, nobody will know what a bean sticker is or care & the premiums will return.
That's a long time to wait for the wazitworfs or plastic collectors so I understand them thinking it's a dumb idea.
My Saint Set
The amazing thing is that if gold does what I think is now possible -- hit $7,500 by 2030 and maybe $10,000 in the next decade -- every premium, CAC, and holder variable that we gave so much time to analyzing, paying up for, debating, and seeking out.....will be close to meaningless.
If gold trades at $7,500 -- let alone $10K -- every gold Double Eagle (SG or LH) I purchase except an MCMVII High Relief will trade like gold bullion.
Hard to believe but true.
There will be posts on this site in 2045 asking if it was true that 20 years earlier there were threads at CU asking about premiums, CAC, holders, etc. Those posters will look at us like folks who watched UHF channels in the 1960's or gathered around the fireplace to listen to radios.