Estate group of gem common Saints in Goldberg sale

roadrunner

Knockout original material always catches my attention. I was very interested to see how this group of 1928 $20 Saints would do.
Supposedly these were freshly NGC graded and had been held in an estate since time of issue. The color and blast on these was quite impressive, even in the photos, regardless of the grade.

While I had intended to bid on these lots, the internet site would not acknowledge my account #. As it turned out, I would have fallen far short in any event on the 66's. With commons 65 saints at $1200 or so and MS66's at around $2200, here's what these did.

MS66 * - $5462
MS66 * - $4140
MS66 - $2760
MS66 - $2990 (faint fingerprint)

MS65* - $1725 (one carbon spot)
MS65* - $2012 (trivial nicks)
MS65 - $1150 (fingerprinted)
MS65 - $1150 (some tics)

MS64* - $891 (some tics, but a stunner)

It was no surprise that the strictly graded type coins of Michael Magdic brought very strong prices. No doubt many were upgrades and of a quality long lost in the present day market of NCSed "gems." I was most impressed with the PF62 toned seated dollar that brought $14950! Can you say undergraded?

roadrunner

michael

interesting brian

usually the goldberg coins are a mixed bag with some going either way high or the opposite direction

i see the saints and mm collection went really well but i think if you got killer fresh great coins the market will respond

roadrunner

Someone commented in an another thread about how strong the fresh coins in the Goldberg sale did. And that many dealers were bidding to the prices that a full upgrade would fetch. So where do you go with those on a resale basis?

I don't have the right answer to that but can only say it has ALWAYS been like that at the major auctions. If the coin is a 64 in a 63 holder, it's gonna fetch the 64 money. There are too many sharp dealers and collectors to not let that happen. And in today's watered down "conserved" market, PQ+ 63's with eye appeal are worth at least as much as so-so 64's. I think both dealers and collectors are happy to see and pay for real coins of quality. If they pay 10% too much (once reholdered) it often is a pittance in the long run to get hold of a "real" coin.

roadrunner

mrearlygold

<< <i>Someone commented in an another thread about how strong the fresh coins in the Goldberg sale did. And that many dealers were bidding to the prices that a full upgrade would fetch. So where do you go with those on a resale basis?

roadrunner >>








For common Saints?

roadrunner

Mr Early, the comment above was regarding the market in general. But I see it happen consistently on type coins. As for common saints, somewhat. You see 2 examples above where a PQ+ coin brings about a 50% premium to the grade. And in the case where the saint is a no-brainer undergrade, it will fetch essentially next grade money less slab fee. You see this with early holdered coins all the time. I recently sold a first gen MS63 Saint for MS64PQ money. The coin was a solid shot to 65. The fact that it was a in a 63 holder didn't matter to me or the buyer (a dealer). The coin sold, not the plastic.

roadrunner

michael

great thread roadrunner

mrearlygold

<< <i>Mr Early, the comment above was regarding the market in general. But I see it happen consistently on type coins. As for common saints, somewhat. You see 2 examples above where a PQ+ coin brings about a 50% premium to the grade. And in the case where the saint is a no-brainer undergrade, it will fetch essentially next grade money less slab fee. You see this with early holdered coins all the time. I recently sold a first gen MS63 Saint for MS64PQ money. The coin was a solid shot to 65. The fact that it was a in a 63 holder didn't matter to me or the buyer (a dealer). The coin sold, not the plastic.

roadrunner >>








Oh, I agree Mr Roadrunner and a lot of it is almost ridiculous. You can imagine the fun I've been having ( and my customers ) on the early and better dated material. I'm about to flip a guy out of a few proof gold pieces he bought from me less than a year ago at a pretty good profit too.

Tough to duplicate.

Rgrds
Tom