PCGS MS64 Generic Saints
erwindoc
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What would be a good price if you were looking for a few ounces of gold? Just got an email offer from a bullion dealer that dealt with in the past that sounded pretty decent. I think it was something like MS64 coins priced as MS63(offered as $90 over melt).
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I would check to see what the last several pieces sold for on eBay and that look at large dealers like APMEX for an idea of pricing. I wouldn't rely on even slightly dated (even a couple of months old) data from the large auction houses.
I.have seen 63s for 30 over recently. With the recent up tic the premiums will follow. There are a ton of mid to lower grade DEs out there very close to spot . Shop around. And who cares about a point or 2 . An ounce is an ounce. Imo.
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Hai, especially when it's less than an ounce ...
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Double eagles are 0.9675 Troy ounces or a little less than an ounce.
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Gold is currently dipping... that could change by Monday.... Most buy when prices are rising, and sell when falling.. the opposite of smart economics...That being said, fortunes have been lost waiting for the 'right time'... and fortunes made by chance investments... This has been no help for you, but gives you an idea of the unpredictability of PM's. Cheers, RickO
I love pre 33 Gold. I would like to buy some myself.
One of na fav coins bulk up on. A great coin to fill up slab storage boxes with.
MS63 and MS64 Saints & $20 Libs offer some pretty good deals at 5-20% premiums to spot. Heritage was selling a quantity of MS64 $20 Libs for 16% over spot this past week. I you buy your own understand that spotted coins (if not CAC'd) will bring $25-$50 less per coin depending on severity. $1350 for a MS64 Saint would be a good deal if not spotted or horribly over-graded (ie a 62+ in a 64 holder).
I think the best 1 oz buy is gold are the Proof 1 oz AGE's in original mint packaging going for around $55-$75 over spot for much of 2017 (Heritage's sell prices). During the last major promotion in gold in 2009, these were selling for 100% premium to spot....similar to the MS64 Saints at 80-90% premiums. While we likely will never see those premiums again, a move to 30-50% wouldn't be out of the question when/if gold gets back to $1400-$1500 "someday." With approx 1.5 MILL proof 1 oz AGE's minted, they aren't exactly just common junk bullion. They are beautiful coins, well packaged, and qualify for IRA's. That's why they need to be in mint packaging. I'd much rather pay the 5% premium for a proof 1 oz AGE than a regular BU coin or circ/low BU pre-1929 $20. I also like the value in hand picked PCGS/NGC MS64 Saints that haven't been to CAC yet (most haven't). You can often find fresh deals of MS63/64/65 Saints showing up at your local dealers....and not yet picked through since put away 10-20 years ago.
For coins like this, can you expect to sell them for less than spot?
Let me know if any of these MS64s or higher are 1907, 1909, 1912, 1913, 1914, 1916 or 1920?
Indian Head $10 Gold Date Set Album
Maybe your local dealer might be paying spot....lol. Heritage tends to work on 3-7%, with 5% being pretty typical for slabbed Saints. So if they are getting 10% over spot, I'd expect they'd be buyers around 5% over spot. There are times when such large quantities hit the market (especially as gold gets hammered for weeks or months) where the big players just can't use any more. I recall back in April 2004 and happily paying $635 for MS64 Saints. I think at the time gold was around $450....a 45% premium to spot. Premiums today are almost shocking....but fresh raw coins continue to show up and get slabbed.
RE: pre 33 generics.
I'm the guy who probably buys everyone's drek.
I have been buying generic $20 Libs and Saints since 2014 with an uninformed eye. Some look downright awful. Some ok.
I usually consider that I am buying .9675 oz per coin and factoring in a 2% melt charge.
Thus, when I look at a premium I am comparing the price I pay versus melt.
All my coins are certified. Probably 85% PCGS versus 15% NGC.
With gold at $1300 I am looking to pay between $1320 to $1370 for a saint generic 64.
I have never attended a coin show.
My question: How likely am I to find Generic 64 Saints PCGS graded at a price between $1300 -$1330, at a show with gold trading at $1300?
I'd rather buy,
this & more: