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Are PCGS Graded Common Saints

BAJJERFANBAJJERFAN Posts: 31,083 ✭✭✭✭✭
in Precious Metals
worth anywhere near PCGS price guide prices?

Specifically a 1908 no motto in ms64 pg = $1960 and a 1924 ms63 pg $1810

BTW why would anyone with any smarts at all consign one of these or a 1 ounce AGE to an auction with 20% commission?
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Comments

  • derrybderryb Posts: 36,837 ✭✭✭✭✭
    I don't think so. There are lots and lots of high grade common saints out there.

    Natural forces of supply and demand are the best regulators on earth.

  • BAJJERFANBAJJERFAN Posts: 31,083 ✭✭✭✭✭
    Would $100 to $150 over spot be a fair bid? there are a couple coming up at a local auction.
    theknowitalltroll;
  • derrybderryb Posts: 36,837 ✭✭✭✭✭
    Probably won't get them at that price, but bid what they're worth to you. Keep in mind they are 90% gold

    Natural forces of supply and demand are the best regulators on earth.

  • cohodkcohodk Posts: 19,155 ✭✭✭✭✭
    Greysheet bid for common dates...

    63--1450-1510
    64--1580-1640
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BAJJERFANBAJJERFAN Posts: 31,083 ✭✭✭✭✭
    FWIW, these are the coins of interest. To me, I'd just as soon buy Leafs or bars from JM, but if the price was right you never know.

    image

    image

    image
    theknowitalltroll;
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>worth anywhere near PCGS price guide prices?

    Specifically a 1908 no motto in ms64 pg = $1960 and a 1924 ms63 pg $1810

    BTW why would anyone with any smarts at all consign one of these or a 1 ounce AGE to an auction with 20% commission? >>




    Most available coins in any series aren't "worth" PCGS price guide, at least not when you go to sell to a dealer. Typically PCGS price guide is 30-50% above wholesale for commonly found coins.
    The common date saints have probably a tighter structure than most coins since they get approx 80% of their value from bullion. I agree that it makes no sense to consign common date Saints or
    bullion to an auction unless the coin superbly PQ for the grade (ie a MS66++ or MS67 Saint). And even in those instances you can probably do as good or better finding the right buyer. It's not much
    different than consigning common date generic Morgans in MS63-65 to an auction with a 20% fee.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • BAJJERFANBAJJERFAN Posts: 31,083 ✭✭✭✭✭


    << <i>FWIW, these are the coins of interest. To me, I'd just as soon buy Leafs or bars from JM, but if the price was right you never know.

    image

    image

    image >>



    FWIW, the coins hammered as follows:

    1908 $1800

    1924 $1450 both saints had spots.

    2013 Buffalo $1950
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  • guitarwesguitarwes Posts: 9,266 ✭✭✭
    Wow, the consigner got hammered at those hammer prices with a 20% seller's fee.

    Was there a buyer's premium? If not, that wasn't a bad price for that '24 Saint, spots and all.
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  • BAJJERFANBAJJERFAN Posts: 31,083 ✭✭✭✭✭
    No. No buyer's premium. Never been to any kind of live local auction where there was a fee. I see Jackson's in Cedar Falls, IA has a 25% BP.


    Yeah, I just don't understand why anyone would consign coins like that at 20% commish, but then again they'd probably take less from a hotel buyer.
    theknowitalltroll;
  • guitarwesguitarwes Posts: 9,266 ✭✭✭
    Every auction I've ever been to around here has a 10% BP, which puts some stuff over the edge of a good deal. The seller's fees are uaually 20%. So the auctioneer gets 30% on each sale.

    And yes, in my experience to some who would get cut off at the knees by a 20% commish, they would have probably taken less from a hyped hotel buyer in a minute.
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>Greysheet bid for common dates...

    63--1450-1510
    64--1580-1640 >>



    Yup, I got a nice PCGS -63 1928 Saint for $1525 at the HNL Show. Trends $1800.
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