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1907 HR

vprvpr Posts: 622 ✭✭✭

My dream coin! Bad investment, but it's going to be good for my mental health.

Is this a good time to buy one? Seems that prices have come down a bit for these?

References: Too many to list. PM for details. 100% satisfaction both as buyer and seller. As a seller, I ship promptly and keep buyers updated.

Comments

  • ChrisRxChrisRx Posts: 5,619 ✭✭✭✭

    Prices have definitely come down.

    I wish my dream coin prices would come down (anyone know of a great deal on a pan-pac $50? :) )

    image
  • BillJonesBillJones Posts: 34,554 ✭✭✭✭✭

    There is nothing rare about them. In fact they are the most common high priced coin there is with something over half the mintage still in existence. I'm never right when it comes to prices bottoming out, but yes, I think they have come down.

    Try to buy the best you can afford. These things are trophy coins, and it's the well healed guys who support the market. I don't think that these coins are very attractive when they get much in the way of wear.

    Sometimes lower prices are reflection of more lax grading standards. I just put that out there to get you be careful.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭

    They are beautiful, desirable and not scarce. However they are one of the most liquid coins out there. You rarely if ever see them languish in dealers inventory. Just try to buy CAC 65 or 66 pieces. There is a line for them. The sticker rate is very very low

    As Bill points out be very selective

    M

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    I've had two. VERY quick sales when I got tired of them.
    Which I always did.

    So, I don't want one anymore.

    "Something" about them (probably the commonness) always says, "Hey go get a RARE coin."

    :/

  • PerryHallPerryHall Posts: 46,568 ✭✭✭✭✭

    Many collectors consider the High Relief Saint Gaudens double eagle to be the most beautiful coin ever produced by the USA. For this reason the demand for this coin is extremely high. It always comes down to supply and demand.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • vprvpr Posts: 622 ✭✭✭

    Damn. I wish I could afford a 65. Looking at a high AU or a low MS.

    References: Too many to list. PM for details. 100% satisfaction both as buyer and seller. As a seller, I ship promptly and keep buyers updated.
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    edited July 29, 2017 3:55PM

    @PerryHall said:
    Many collectors consider the High Relief Saint Gaudens double eagle to be the most beautiful coin ever produced by the USA. For this reason the demand for this coin is extremely high. It always comes down to supply and demand.

    They are eagerly sought after oversead also. Japan in particular

    Nice example @ billjones

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • coinsarefuncoinsarefun Posts: 21,749 ✭✭✭✭✭

    @BillJones said:
    This one is graded MS-65, but it's in "the wrong holder."


    I don't think it matter what holder it's in. Even naked it's stunning Bill

  • SeatedTonersSeatedToners Posts: 392 ✭✭✭✭

    @coinsarefun said:

    @BillJones said:
    This one is graded MS-65, but it's in "the wrong holder."


    I don't think it matter what holder it's in. Even naked it's stunning Bill

    that's a REALLY nice coin!

  • BLUEJAYWAYBLUEJAYWAY Posts: 9,877 ✭✭✭✭✭

    A real beautiful coin.

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • OverdateOverdate Posts: 7,104 ✭✭✭✭✭

    @BillJones said:
    I don't think that these coins are very attractive when they get much in the way of wear.

    True. I bought one in VF for $895 in 1970, the highest parts of the design were worn flat. It was nice to own one for a while, but a few years later I sold it at about the same price. I've often wondered how it accumulated so much wear.

    My Adolph A. Weinman signature :)

  • PerryHallPerryHall Posts: 46,568 ✭✭✭✭✭

    @Overdate said:

    @BillJones said:
    I don't think that these coins are very attractive when they get much in the way of wear.

    True. I bought one in VF for $895 in 1970, the highest parts of the design were worn flat. It was nice to own one for a while, but a few years later I sold it at about the same price. I've often wondered how it accumulated so much wear.

    It was probably someone's pocket piece.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • CharlotteDudeCharlotteDude Posts: 3,116 ✭✭✭✭✭

    Expensive - yes, beautiful design - yes, rare - not even close. Especially when you can go to a dealer's current website and pick out/purchase one from over 20 examples in their inventory.

    'dude

    Got Crust....y gold?
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Though not rare, beautiful in most grades.. and stunning in high grade. This is a coin I can look at for hours and not tire of the beauty. Cheers, RickO

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭

    @CharlotteDude said:
    Expensive - yes, beautiful design - yes, rare - not even close. Especially when you can go to a dealer's current website and pick out/purchase one from over 20 examples in their inventory.

    'dude

    'dude, where is this website full of HR Saints? I've never see any on any of the sites I follow is why I ask.

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭
    edited July 30, 2017 8:21AM

    Three blows from a medal press, annealed between strikes. Once the excessive fin problem was solved, Charles Barber was fearful that the President would order extensive production - including for 1908. [See Renaissance of American Coinage 1905-1908 for all the details.]

  • BillJonesBillJones Posts: 34,554 ✭✭✭✭✭

    @Justacommeman said:

    @CharlotteDude said:
    Expensive - yes, beautiful design - yes, rare - not even close. Especially when you can go to a dealer's current website and pick out/purchase one from over 20 examples in their inventory.

    'dude

    'dude, where is this website full of HR Saints? I've never see any on any of the sites I follow is why I ask.

    mark

    I agree. I've seen dealers at the major shows have two to maybe four of them, but never a full case ... unless they were keeping more in the vault. ;)

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • BillJonesBillJones Posts: 34,554 ✭✭✭✭✭

    @RogerB said:
    Three blows from a medal press, annealed between strikes. Once the excessive fin problem was solved, Charles Barber was fearful that the President would order extensive production - including for 1908. [See Renaissance of American Coinage 1905-1908 for all the details.]

    With all of the criticism that writers and collector have heaped on Charles Barber through the years, he was absolutely right about this issue. Coins that are made for circulation should be attractive because they reflect upon the image of the country they respresent. But they must also be practical to use on a day to day basis, and the design must be such that it can be mass produced economically.

    Theodore Roosevelt had an obsessive personality. That sometimes served him well in the presidency because unlike some others, Franklin Pierce immediately comes to mind, he knew what he wanted and he went for it. At other times he went off on tangents, as it was with the High Relief $20 gold and headdresses on Ms. Liberty.

    Barber had to rework all of the original St. Gaudens designs to make them work while they were in mint production and circulation. St. Gaudens and Henry Herring, who was St. Gaudens point man at the mint, knew a lot about art. Herring was probably qualified to make dies for medals, but when it came to making the tools for coins, he was beyond his depth.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    Charles Barber's tenure as Engraver resulted in the highest overall coin quality of the 19th and 20th centuries (and 21st century so far). He condemned entire production runs because he thought the coins were not of the best quality. The last coin dies he actively worked with, Barber silver and the new Mercury dime, were consistently high quality. The dies that Morgan supervised, 1916 quarter and half, plus all the 1917 issues, were lower in quality and the issues included several prominent defects. (Only the revised Type I 1917 quarter was good.)

    Much Barber bashing was from contemporary deep-pocket collectors who wanted special coins for special people - which the Engraver would not sanction. Breen took every opportunity to denigrate Barber especially in his dealings with Saint-Gaudens. Yet, objectively, nearly all of Barber's complaints and recommendations were correct. He was not a very creative person, but he was highly detail-oriented and knew mechanical and practical operations far better than Saint-Gaudens and other more talented artists.

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @BillJones said:

    @Justacommeman said:

    @CharlotteDude said:
    Expensive - yes, beautiful design - yes, rare - not even close. Especially when you can go to a dealer's current website and pick out/purchase one from over 20 examples in their inventory.

    'dude

    'dude, where is this website full of HR Saints? I've never see any on any of the sites I follow is why I ask.

    mark

    I agree. I've seen dealers at the major shows have two to maybe four of them, but never a full case ... unless they were keeping more in the vault. ;)

    Well, there's 4 pages of them on Collector's Corner
    http://www.collectorscorner.com/Category/Category.aspx?catId=67&tl=false

    And they're ..purdy.. enough to be pricey.
    I'd say that's a good barometer of popularity.

  • CommemDudeCommemDude Posts: 2,296 ✭✭✭✭✭

    I am also looking for one, but the prices still seem high for a coin that appears in every major auction, and there are 62 examples listed in Collectors Corner at this time.

    Dr Mikey
    Commems and Early Type
  • CoinlearnerCoinlearner Posts: 2,498 ✭✭✭✭

    Many of us can't afford the real thing, so we get a similar piece... :)

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    I own two "Omega" counterfeits. One was bought at melt and the other was a gift. That scratched my itch! :smiley:

  • NumivenNumiven Posts: 381 ✭✭✭

    Expensive, but not rare even in mid Mint state grades. I would put that kind of a money into older gold coins (draped bust, capped bust etc), has a lot of history.

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    edited July 30, 2017 9:56AM

    @CommemDude said:
    I am also looking for one, but the prices still seem high for a coin that appears in every major auction, and there are 62 examples listed in Collectors Corner at this time.

    Ive been looking for the right one for the last 4 years. I'm super picky and haven't found the right fit. 64+ through 66 in PCGS plastic with the right look and CAC approval are hard to come by. Without looking at the four pages worth at Collectors Corner my guess is the number of coins that fit my requirements is zero.

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • CharlotteDudeCharlotteDude Posts: 3,116 ✭✭✭✭✭

    Larry Lee's "Coin & Bullion Reserve". https://coinandbullion.com/product-category/certified-coins/better-gold/20-st-gaudens-gold-1907-1933/

    I counted 25 of 'em in varying grades this morning. At January's FUN, they had at least 28 At their table... not to mention the additional 7-8 I saw elsewhere.

    'dude

    Got Crust....y gold?
  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    Got to chuckle at the bogus terminology in many of the links....no such critter as a "wire edge" or "wire rim." The defect is called a fin. :)

  • BillJonesBillJones Posts: 34,554 ✭✭✭✭✭
    edited July 30, 2017 2:12PM

    "Wire Rim" is the way it's listed in the price guides and slab labels. You can hardly blame them when the term "fin" is almost never used in the popular publications.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭

    @CharlotteDude said:
    Larry Lee's "Coin & Bullion Reserve". https://coinandbullion.com/product-category/certified-coins/better-gold/20-st-gaudens-gold-1907-1933/

    I counted 25 of 'em in varying grades this morning. At January's FUN, they had at least 28 At their table... not to mention the additional 7-8 I saw elsewhere.

    'dude

    Thanks for the tip. Nothing works for me here but I appreciate it just the same

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......

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