$20 Liberty in MS65 ?

brenda

Would anybody recomend purchasing a PCGS $20 Liberty gold coin in MS65 ? They all seem very expensive, $4400.00 and up and im afraid if I ever wanted to sell I might loose to much money, it would be hard to find a buyer that will pay, too much risk involved.

commoncents05

I don't see the prices dropping drastically any time soon. I think it would be fairly easy to sell as well. I don't think there's as much down side as you think.

-Paul

BXBOY143

<< <i>Would anybody recomend purchasing a PCGS $20 Liberty gold coin in MS65 ? They all seem very expensive, $4400.00 and up and im afraid if I ever wanted to sell I might loose to much money, it would be hard to find a buyer that will pay, too much risk involved. >>



if it is a ms65.....pending what year and what you paid it is still going to be a ms65 today tomorrow and for as long as it stays in its holder which states so(assuming its a TPG)so what is the issue? unless someone is hoarding a s-load of the exact coin you choose i would think the prices over time would increase....or at very least not drop below what you paid unless it is moon money for nothing!!!


respectfully

-Paul

brenda

<< <i>

<< <i>Would anybody recomend purchasing a PCGS $20 Liberty gold coin in MS65 ? They all seem very expensive, $4400.00 and up and im afraid if I ever wanted to sell I might loose to much money, it would be hard to find a buyer that will pay, too much risk involved. >>



if it is a ms65.....pending what year and what you paid it is still going to be a ms65 today tomorrow and for as long as it stays in its holder which states so(assuming its a TPG)so what is the issue? unless someone is hoarding a s-load of the exact coin you choose i would think the prices over time would increase....or at very least not drop below what you paid unless it is moon money for nothing!!!


respectfully

-Paul >>

Well I have two or three coin dealers I buy from. If I need quick cash I honestly dont think they will pay that much for it, they might, but I might loose $2000 .If I pay $4500 for a 1903 $20 Lib MS65 PCGS and I need quick cash I bet they wont even give me $3000 for it. Thats how they make money. or they may not even buy it back at all!! There is no law that says they have to buy anything.

PerryHall

If it were my money, I would buy several lower MS graded (62 or 63) gold Libs and Saints so I would be getting more gold for my money.

brenda

<< <i>If it were my money, I would buy several lower MS graded (62 or 63) gold Libs and Saints so I would be getting more gold for my money. >>

I know, less risk involved, with price of gold going up. but they dont look as nice as a MS65 (Gem).But you are right, I might settle for a MS64 . Also I went to PCGS Set Registry I thought I would look at some MS65`s to get some ideas, and much to my suprise I couldnt find any!! they all had MS62 and below for the most part in their registry collections. There are many affordable Saints in MS65 however.

BXBOY143

<< <i>

<< <i>

<< <i>Would anybody recomend purchasing a PCGS $20 Liberty gold coin in MS65 ? They all seem very expensive, $4400.00 and up and im afraid if I ever wanted to sell I might loose to much money, it would be hard to find a buyer that will pay, too much risk involved. >>



if it is a ms65.....pending what year and what you paid it is still going to be a ms65 today tomorrow and for as long as it stays in its holder which states so(assuming its a TPG)so what is the issue? unless someone is hoarding a s-load of the exact coin you choose i would think the prices over time would increase....or at very least not drop below what you paid unless it is moon money for nothing!!!


respectfully

-Paul >>

Well I have two or three coin dealers I buy from. If I need quick cash I honestly dont think they will pay that much for it, they might, but I might loose $2000 .If I pay $4500 for a 1903 $20 Lib MS65 PCGS and I need quick cash I bet they wont even give me $3000 for it. Thats how they make money. or they may not even buy it back at all!! There is no law that says they have to buy anything. >>



no offense but personally if you need cash and want what you paid for dont sell to a dealer just IMHO

PerryHall

brenda---If you decide on a 65 Saint, look for one with a CAC sticker or buy it from a trusted dealer. There are a lot of mediocre and overgraded Saints in 65 slabs.

crypto79

not counting the 1904 and very few others , the $20 Lib's in 65 are more then just high grade type coins ! Almost every one of them is a conditional rarity. They were not stored well, Also food for thought go for a MS64-65 type 2 from the early 70's (like a 1873) their is little markup( next to a high end type 3) and they would be an easy resale but the trade off is the right one will be hard to find. If you have resale in mind avoid the 1904 at all cost.

ebaytrader

I would recommend avoiding generic MS65 $20 Libs as an investment. Either step up to a 66 or buy bullion.

crypto79

<< <i>I would recommend avoiding generic MS65 $20 Libs as an investment. Either step up to a 66 or buy bullion. >>



That is solid advice for st gaudens, like the 1928ect. it does not aply to Libs, He is going to have a hard time finding a 65 that is not an 1904 or A SS republic salvage coin. and who has MS66 Libs. The only ones I've seen were the 57-s.

FullStrike

I have an 1895P PCGS MS63 and a 1900P PCGS MS64. Both are beautiful Coins that fill my needs for old Gold without the ridiculous premiums attached to the MS65 grade.

Unless you have money to burn, I'd stay away from MS65.

Oh, and I got both my Coins a few years ago. The 1895 set me back about $980.00 and the 1900 was around $1200.00 - both are listed a bit higher today. I just can't ever see selling them - to me they're priceless.

The mint luster is very calming to me.

charley

I suspect, by your question, that you are unfamiliar with this series of coin. Would not the best course of action be to consult with an expert that you trust and ask this person to obtain a nice example for you? I know nothing about gold and certainly less about this series of coin. I would, however, trust the opinion of someone with the knowledge of saintguru, if I was at a Bourse and wanted to purchase an example. I am sure such a course of action would reduce your fear. I am also certain that ignoring a similar course of action will turn fear into reality. Respectfully, John Curlis

ebaytrader

<< <i>

<< <i>I would recommend avoiding generic MS65 $20 Libs as an investment. Either step up to a 66 or buy bullion. >>



That is solid advice for st gaudens, like the 1928ect. it does not aply to Libs, He is going to have a hard time finding a 65 that is not an 1904 or A SS republic salvage coin. and who has MS66 Libs. The only ones I've seen were the 57-s. >>




That's the point.

oreville

crypto79 gave you good advice.

But charley's post should give you food for thought.

Personally, I would NOT buy a MS-65 $20 Liberty just yet. You seem too unsure of such purchase with great potential for buyer's remorse.

Instead, if I were you, I would do the following.

On the $20 Libs (do not buy 1904-P) I would first buy a nice PCGS AU-58, followed by an PCGS MS-60, then an MS-61, then 62 and so forth. You could even make your hunt for these coins more fascinating by insisting on only older green PCGS slabs. Then voila, you have the beginnings of a grading set. This "investment" would then combine the benefits of higher bullion content in the beginning and it would diminish as your experience increases. This would also give you more time to acquire more money as you move up the grade ladder.

By the time you reach MS-65, you will have acquired additional grading knowledge of what an MS-65 should look like plus become more familiar with the players in town.

By the way, SaintGuru knows his Saints. But I would not ask him about $20 Libs. I think he doesn't even like them as I recall.

robkool

I own a 1908 no motto Saint & 1900 Lib both MS62, and like them alot since higher grades go for ridiculous money. Stick to lower grades with less risk...

charley

oreville, you suggest a very good course of action. My reference to saintguru, or any other experienced advisor/dealer, is that I am certain that it takes a superior knowledge of gold coins to weed out 'enhanced' examples. I am not familiar with the preference of saintguru for the Liberty series, but I am certain I would accept his knowledge of the quality of a given example. I am also not suggesting that free advice is available. I f I decided I wanted such a coin, I would be wise to consult a knowledgeable and trusted dealer/broker/collector and pay for the advice. It has been suggested to me by pm that the OP fears could be said of any coin and that the OP may have concern with a dealer price and dealer offer in the future and that the series and grade of coin the OP mentions is in fact quite liquid. Thus, I would think originality and quality of such a coin becomes very important and is best left to those with the knowledge of same to purchase on my behalf if I don't have the expertise, or not purchase at all. If it is common knowledge that the coin being discussed is a liquid coin that doesn't come with economic fear of a frightening downside, then it follows that the OP has not researched the coin or the market conditions of it. Respectfully, John Curlis

crypto79

<< <i>I own a 1908 no motto Saint & 1900 Lib both MS62, and like them alot since higher grades go for ridiculous money. Stick to lower grades with less risk... >>



I'm in your boat, I collect AU58-MS61 LIB that are Proof like( NGC mind you) and have an nice AU slider 1909/8 for my type St gaudens. as they are not too much over melt and beefy with gold and I think PL LIB's have some upside. But for investment, the low MS grades don't really offer too much upside as they are tied to gold prices. My rule of thumb is "as a investor buy the best, you can afford"(grade, rarity, ect) "as a collector buy what you like when you can, afford it".

oreville

By the way, I do not think that buying any coin for investment worked very often.

Buying what you like best as a collector seems to work better for me. It seems that if you follow your collector instincts, stay away from the coin of the month club etc., etc.,

Also by buying one coin of each grade as you move up the ladder, you learn to like what grade pleases you most for the money.

It could be MS-65, or MS-64 MS-63, it all depends on the makeup of each and every collector.

Alas, I had the misfortune of falling in love with MS-67's!

mrearlygold

Sounds like you are buying for investment. I personally would prefer a better date in lower grade if I had my heart set on double eagles.

blu62vette

I wold buy a couple or few 62's.

Joe26

I asume you've bought the book on Libs written by David Bowers or Doug Winter. If not, the book is the place to start. I think JPKinla collected Libs for a while so you might pm him though I don't think he posts much anymore.

mrearlygold

<< <i>I asume you've bought the book on Libs written by David Bowers or Doug Winter. If not, the book is the place to start. >>




Good advice!

roadrunner

Someone offering $3000 for an MS65 $20 LIb that is not a terrible dog is probably a thief. The market on these is fairly tight. You should be able to buy for $4000 and if forced to resell immediately, get about $3700-$3800. Spread typically range in the 3-6% range (similar to bullion) which is about as tight as it gets in our business.


These are liquid coins with fairly tight spreads. I'd have no qualms about buying one right now for $3800-$3900 for a decent coin. NGC coins tend to bring less than PCGS. But if the coin is a looker, it's worth more than the $3700-$4000 generic range. I sold several of these at the FUN show for $4800-$4900 when gold was "only" $905. They have since fallen 20%....and imo will rise back to those levels or higher as gold reaches for $1200/oz. towards the end of this year or start of 2009. The cheapest I've seen them sell for in the past couple of years is about $3500-$3600. Buying on a 20% correction is not so bad. But I also feel that most other $20's will see a 20% rise over the next 6 months as well.

Before you sell one of these for $3000, offer it here. You'd get at least $3700. Many gold wholesalers would pay as much as well.
I would not risk $12K to $13K on a MS66 however. A choice MS65 seems a much better value at $4K. There aren't enough decent MS66's to satisfy anyone's want list. And the lack of supply means they are too hard to promote.

$4400 is too much. You can get them 10% cheaper imo.

roadrunner

messydesk

When all is said and done, if you do decide you want to buy an $20 Lib in 65, be sure to look at a lot of them. Some are quite nice, some are dogs. Take your time and be picky.