If I am collecting MS64 Saints for protection/insurance...

eaglesea

... Should I pay the premium for ones that are "approved"?

TwoSides2aCoin

<< <i>... Should I pay the premium for ones that are "approved"? >>


Avoid "should'n" on yourself at all costs. It gets expensive waiting.

Windycity

Smart... buying slabbed (PCGS, NGC, ANACS) generic Saints in 63, 64, 65 is a good way to play the gold market and still have some numismatic value.

eaglesea

<< <i>... Should I pay the premium for ones that are "approved"? >>



By "approved" I actually mean "stickered"... And PCGS of course ;-)

guitarwes

You can if you want to, but don't expect to get a premium when selling just because it has a sticker.

I would be into them as cheap as I could.

TwoSides2aCoin

No, but PM sent. (precious metal advice)

JJM

<< <i>You can if you want to, but don't expect to get a premium when selling just because it has a sticker.

I would be into them as cheap as I could. >>




bingo

steveben

<< <i>No, but PM sent. (precious metal advice) >>



oh man...can't you share the precious metal advice with us? i'd like to hear it too! :-)

TwoSides2aCoin

If you're investing and speculating and you need that protection/insurance then the answer is YES.
If you're collecting and you need assurance beyond the slab, probably so.
If , if, if , if..... So many possibilities in the world of coins. It's really up to each individual. My 3 figure coins aren't worth sending in for approval, and the four figure coins are what they are, up to a certain grade level. Generic.

roadrunner

In 64 grade it's a toss up. The premium for stickered coins is usually only around 3-5%. To me it's cheap insurance that you don't have a puttied or low end coin or one that should really be in a 63 holder. The premium generally holds up during the year so it's not like you'll lose it. And in my mind, a well-selected original surfaced PQ 64 stickered saint for a $50-$100 premium is often equivalent or nicer than many generic 65's that bring an additional $300 because of the holder. While the generic gold market hasn't seen demand wither away for lower end coins like the numismatic market has, it could eventually come as gold buyers demand only solid for the grade coins. If I were doing it, I'd pick out the best 64 Saints I could find and pay that tiny premium. If you can find higher end unstickered 64 saints and are sure of the quality, then buy those too. If a seller wants almost 65 money for their stickered 64 saints, well, they can keep 'em. Unstickered 64's with alloy or dark spots/streaks generally bring $50-$75 less depending on the quantity and location of the spots.

That premium holds up better during bear cycles in the gold price. When gold is booming those premiums tend to shrink as dealers are looking for any product to ship to customers. They don't care about stickers for that portion of the market cycle. If gold goes to $2500 then the sticker premium will probably be lost. But then again if you're buying saints, you probably also know that your 15-25% MS64 saint to spot premium will probably shrink as well. About the only way that won't happen is if saints undergo a massive promotion or saints are specifically exempted from future onerous gold regs (ie additional windfall profits taxes on bullion, confiscation, etc.).

And not all stickered saints are equivalent. If you can, buy the cleanest, most colorful, original and flashy ones you can find that don't carry more than a $75-$100 premium. Stickered gold is still relatively low pop compared to how many PCGS/NGC 64's exist. I'd much rather have a killer looking 64 for a $100 more than a average, scuffy one. They still are numismatic coins....not just a hunk of bullion. Their true value is dependent on their bullion content........and quality. As a rule, forget ANACs gold as most buyers will offer a price one grade below the assigned grade or consider them "raw." But you may occasionally run across an exception to that rule, especially in the 1990ish gold foil hologram holders. I've been looking for underappreciated/underpriced ANACs gold coins at shows for the past 8 years...and still haven't found one.

roadrunner

Timbuk3

Interesting thread.
Thank's roadrunner for the helpful
info !!!

droopyd

<< <i>The premium for stickered coins is usually only around 3-5%. >>



Heh, many dealers try to get more like 30-50% premium for the green beans.