Circulated $20 Carson City Double Eagles...on the rise?

offthehorse

Hi,

I successfully bid on 3 $20 double eagles (1877 pcgs 25, 1884 xf-45 (ANR graded) and 1889-cc vf-25). The prices seemed rather high compared to recent Heritage auctions. Has there been greater demand recently for such coins? Or are ANR coins better quality than Heritage coins? This is my first ANR purchase and I welcome you responses. I am considering putting my High Relief NGC 60 Saint up for sale soon and am wondering when-or if-I should do so. I would like to discuss this sale with ANR as well...are they better consignors than others?

Thanks,
Barney

Steve27

"Has there been greater demand recently for such coins?"

Hint: look at the threads on the price of gold.

mrearlygold

So YOU are the guy out-bidding me huh?Congrats on your wins!


I don't know what the rest of the world is doing but I'm working with several people buying CC gold. I like CC gold and think there's quite a lot of demand for it.


Tom

RYK

I really like CC gold a lot. When I got started in rare date gold collecting, my first thought was to do the CC $20's (minus the 70-CC, of course!). I still like Carson City gold but the more I folowed and read about them, the $20's were the least interesting of the denominations to me. I like the $5's and $10's much better, and the $5's are actually completable in XF and above without any real stoppers, but some coins that are challenging to find in decent, unmolested condition (many of the dates in the 1870's). Someday, I would like to pursue this date run.

Longacre

I don't know much about CC $20's. Are the most common grades in the XF range? Or do lots of higher grade survivors exist?

PerryHall

<< <i>I don't know much about CC $20's. Are the most common grades in the XF range? Or do lots of higher grade survivors exist? >>



Unlike their silver dollar counterparts, the double eagles that were stored in banks and the treasury were melted in and after 1933. Most of the survivors are VF to AU.

offthehorse

Now I am eyeballing Charlotte, Dahlonega (spelling?) and New Orleans gold to finish my date/mm type set. Then it's back to Saint - by -year (common) set...eye appeal is the determining factor given the rising prices!

I have bids on the following:

1838-d $5
1849-c $1 (damage)
1857-d $2.5
1854-o $3

Thanks for the replies!

Barney

RYK

Now I am eyeballing Charlotte, Dahlonega (spelling?) and New Orleans gold to finish my date/mm type set. Then it's back to Saint - by -year (common) set...eye appeal is the determining factor given the rising prices!

I have bids on the following:

1838-d $5
1849-c $1 (damage)
1857-d $2.5
1854-o $3

How about substituting a pre-Civil War (or No Motto) San Francisco piece for the $5 or $2.50 to cover all the bases?

offthehorse

Depending on which one(s) I win, I will do that. I had a 1860-S $3 at one time but sold it several years ago (too bad). I would like to find a 1860 or 1861 "S" of some demonination for its historical significance. I found an 1860-S XF double eagle that would fit the bill-and it is a fairly common date.

Thanks,
Barney

northcoin

<< <i>

<< <i>I don't know much about CC $20's. Are the most common grades in the XF range? Or do lots of higher grade survivors exist? >>



Unlike their silver dollar counterparts, the double eagles that were stored in banks and the treasury were melted in and after 1933. Most of the survivors are VF to AU. >>




I see this is an old thread, but haven't there been a number of Carson City $20 coins returned to the US from banks abroad since this 2005 thread that have added a substantial number AU and better to the "gene" pool? Also if I recall correctly enough high grade Carson City 20's from one of the lower mintage years kept coming onto the market that many following Carson City $20s concluded a hoard of that year's date was slowly being released into the market. Doug Winter had more details in one of his recent reportings.

Would be interested in hearing from others here, including those who do not make a market in Carson City 20s but simply collect them, as to what your take is on the current availability of these storied coins from the Wild Wild West.

SaorAlba

<< <i>Now I am eyeballing Charlotte, Dahlonega (spelling?) and New Orleans gold to finish my date/mm type set. Then it's back to Saint - by -year (common) set...eye appeal is the determining factor given the rising prices!

I have bids on the following:

1838-d $5
1849-c $1 (damage)
1857-d $2.5
1854-o $3

Thanks for the replies!

Barney >>



Thanks for letting me know, now I need to go over and outbid you.

astrorat

<< <i>

<< <i>Now I am eyeballing Charlotte, Dahlonega (spelling?) and New Orleans gold to finish my date/mm type set. Then it's back to Saint - by -year (common) set...eye appeal is the determining factor given the rising prices!

I have bids on the following:

1838-d $5
1849-c $1 (damage)
1857-d $2.5
1854-o $3

Thanks for the replies!

Barney >>



Thanks for letting me know, now I need to go over and outbid you. >>

My guess is you may have just missed the hammer falling on those lots.

Cougar1978

CC Double Eagles my favorite gold coin. I buy one I like whenever budget permits and then just bury it in my bank box. Occasionally I will take a couple to a show I set up and they will be marked up to sell at a decent profit. When people quote me a price guide (bc they think its priced too high) I simply laugh at them.

Bidding will be fierce on these, expect to pay well over any price guide your using. If your bidding against me, I will bid it way up. Expect to pay all the money and then more to get these.

RYK

<< <i>

<< <i>Now I am eyeballing Charlotte, Dahlonega (spelling?) and New Orleans gold to finish my date/mm type set. Then it's back to Saint - by -year (common) set...eye appeal is the determining factor given the rising prices!

I have bids on the following:

1838-d $5
1849-c $1 (damage)
1857-d $2.5
1854-o $3

Thanks for the replies!

Barney >>



Thanks for letting me know, now I need to go over and outbid you. >>


Impressive! Where did you get the time machine?

OGDan

The more circulated the better, right?

AMRC

Well after the last few days of what has happened to Gold let's see if they stay that way.

ElKevvo

Hmmm...it has been 9 years since the thread was first started and then gold was in the mid 400.00 range. Other than a run up in the price of CC's due to the bullion increase has the issue become more collectible and hence a ever higher corresponding numismatic value been attached?

K

johnny9434

<< <i>

<< <i>I don't know much about CC $20's. Are the most common grades in the XF range? Or do lots of higher grade survivors exist? >>



Unlike their silver dollar counterparts, the double eagles that were stored in banks and the treasury were melted in and after 1933. Most of the survivors are VF to AU. >>

what a pisser, at least we got them

northcoin

<< <i>Hmmm...it has been 9 years since the thread was first started and then gold was in the mid 400.00 range. Other than a run up in the price of CC's due to the bullion increase has the issue become more collectible and hence a ever higher corresponding numismatic value been attached?

K >>



Per market makers and sellers such as Doug Winter and Cougar1978 above there is an upward divergence as to value and demand for Carson City 20s from the 20s coming from the larger mints. Still would like hearing from those here who only collect and are not influenced by being sellers on the topic.

RYK

<< <i>Hmmm...it has been 9 years since the thread was first started and then gold was in the mid 400.00 range. Other than a run up in the price of CC's due to the bullion increase has the issue become more collectible and hence a ever higher corresponding numismatic value been attached?

K >>


Absolutely, there has been a study rise in popularity and value of CC gold, from the meekest 91-CC $5 to the 70-CC gold coins, and everything in between.

Stuart

I thought that I'd rejuvenate this old thread with one of my favorite coins for your viewing pleasure.

1890-CC NGC AU-58 $20 Gold Liberty with Prooflike Fields

AUandAG

I don't buy them but have watched them steadily rise for the past ten years. Not even a bump downward.

CC's Morgans are just always in demand and it has followed over to gold, now.

bob

kaz

Heck of a double eagle, Stuart!

northcoin

<< <i>I thought that I'd rejuvenate this old thread with one of my favorite coins for your viewing pleasure.







Love the semi-proof like surface. Am I correct in guessing that those three parallel indentations below Liberty's chin are from the pressure of one of those coin counting machines?

Boosibri

Nice coin.

I cannot imagine CC gold going much higher from here. Seems like $20's are fully valued at this point. Relative to the $20's, the other denominations have a bit of value left in them. The best values to me are in a few of the scarcer 1880's $5's, 1881, 1883, 1884. Compared to scarce SF, NO or Philly dates, all CC coins are overvalued (or the other mints very undervalued).

northcoin

<< <i>Nice coin.

I cannot imagine CC gold going much higher from here. Seems like $20's are fully valued at this point. Relative to the $20's, the other denominations have a bit of value left in them. The best values to me are in a few of the scarcer 1880's $5's, 1881, 1883, 1884. Compared to scarce SF, NO or Philly dates, all CC coins are overvalued (or the other mints very undervalued). >>



One might agree, but each year for the last ten years everyone has been saying High Relief $20's were fully valued - but they just keep skyrocketing even though they are far from rare. For both Carson City $20's and HIgh Relief $20's while there is a healthy supply, the demand just seems to be one step beyond. Reminds me of Mercedes once reported pricing philosophy - they just needed one less car available than what the market was ready to absorb.

Stuart

<< Love the semi-proof like surface. Am I correct in guessing that those three parallel indentations below Liberty's chin are from the pressure of one of those coin counting machines? >>

NorthCoin: In reply to your above quoted posted question, I always interpreted the parallel indentations on this coin below Liberty's chin to be reed contact marks from another coin.

Thanks for your complimentary words about this coin's semi-PL luster. That was what initially caught my eye and my attention that attracted me to purchase it. -- I actually traded some assorted silver bullion for it a few years ago.

In retrospect, it turned out to be a very good trade!!

northcoin

<< <i><< Love the semi-proof like surface. Am I correct in guessing that those three parallel indentations below Liberty's chin are from the pressure of one of those coin counting machines? >>

NorthCoin: In reply to your above quoted posted question, I always interpreted the parallel indentations on this coin below Liberty's chin to be reed contact marks from another coin.

Thanks for your complimentary words about this coin's semi-PL luster. That was what initially caught my eye and my attention that attracted me to purchase it. -- I actually traded some assorted silver bullion for it a few years ago.

In retrospect, it turned out to be a very good trade!! >>



Your assumption makes more sense. Agree you made a very good trade!

FrankNYC

Bumping this thread 10 years later!