King of Siam Set - What is the Value

Typetone

It appears that PCGS has certified the King of Siam set of coins (see link below). The Goldbergs are representing the collection for a unnamed collector. The Goldbergs stated that the collection is insurred for $10 million because that is what it is worth today.

What do you think? In my estimation it is worth much more than $10 million. The feature is the King of Siam 1804 Bust Dollar in PR67. Or, how about the 1804 $10 gold piece in PR64CAM. Even the dollar alone could bring close to $10 million. This is probably the premier set of coins in existence. I could see the set selling for $25 million or more in auction.

What do you think?

GregKing of Siam Article

Tonelover

I believe that the set was recently offered at $6.5 million by Mike Bobb before going to Goldbergs. There were no takers at that level obviously.

BillJones

The King of Siam Proof set is a great numismatic item. In fact I think that it's best thing in U.S. numismatics, far outranking other marquee items like the 1913 Liberty Nickel, the 1933 Double Eagle and the stand alone examples of the 1804 Silver Dollar. Still I think that $25 million might be a bit too much for it. While the 1804 Dollar Class 1is an important coin and one of the finest examples of that rare issue, the only other marquee coin in the set is the 1804 eagle, which is a fantasy piece. It was made from a new set of dies and in reality has little to do with the genuine 1804 eagles. The rest of the coins in the set are rare and important as early Proof pieces, but none of them are even close to the two leading pieces in importance.

I would not place a lot of stock in the grades that the services have put on these coins. There has been a least one instance where one grading service “one-upped” the other to get the coins into their holders. At any rate so long as the coins are in attractive, well preserved condition, the really important thing here is the history of the set.

As to what its worth, that’s going to depend upon what ultimately two very wealthy groups or individuals will be willing to pay for it. $10 mil might be within the range of possibility. $25 mil might be asking too much.

JrGMan2004

Does anyone know where good pictures of all the coins can be found at? Are they on the Goldberg's site?

Placid

The best pics I could find are in this thread.

Goldberg dosen't have any pictures of the coins in the pcgs holders just a all in one shot in a display box.

291fifth

It's worth whatever the market will pay.

Typetone

Anymore opinions?

relayer

It's value is what a willing buyer will pay a willing seller.

According to Tonelover, it's value seems to be less than $6.5 million.

But things change