Current gold prices and buying Saint Gaudens $20 better dates
Prethen
Posts: 3,454 ✭✭✭
For those Saints experts out there, I wouldn't mind looking at acquiring some more Saints, however, I don't want to chase after common dates. The premiums have collapsed (at least on common dates) and what I'm wondering is, what dates are what you might call in the "sweet spot" for scarcity and price?
I realize one could look at a Red Book and start trying to chase after the scarcer mintages. But experience might dictate that won't be practical as truly rare dates are going to be very expensive no matter what (including the 1907 High Relief Wire Edge). What dates/mint marks would be best to try to pick out of dealer inventories assuming that the premiums on those coins have narrowed just like they have on the common dates. And the desire is that the prices aren't much higher than the common dates (say in the MS63-65 range). My thought is that if gold were to fall in price, the premiums would potentially strengthen on the better dates reflecting a higher numismatic value rather than purely metal content.
Comments
Try looking at survival estimates.
Very common point of view right now.
Coinfacts has rarity ratings by type
Best book on Saints is the one by Roger Burdette.
I like Saints but Mexico 50 Peso Gold are so much more rarer and undervalued. Remember in US material you have an entrenched group of players who is going to promote their agenda.
However I have handled numerous Saints but playing that game takes a lot of pocket, risk, and luck. Not for me.
With tariffs possibly raising the prices of replacing ones car I just don’t see much of a future for non dividend non interest investments. I do like having a plan bullion value position though. Expensive Saints / been there done that.
Just take a look at the PCGS pop report for the grade(s) of interest to you and avoid the most common issues (1908 No Motto, 1924, 1925, 1927 and 1928).
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Does anybody know if the next level of scarcity/rarity beyond the coins Mark cited above -- like say the 1923-D, 1915-S, etc. -- have seen THEIR premiums fade at the same MS-64/65 grade level ?
First level rarity beyond commons: 1907, 1908 Motto, branch mint 1908, 1909, 1912, 1913, 1914, 1916, 1920 would be the first level. For more rare options, look for branch mint 1922, 1924, 1925, 1926, 1927 & 1928.
Indian Head $10 Gold Date Set Album
I guess some might see 23-D and 15-S as slightly less common. Slightly.
Indian Head $10 Gold Date Set Album
Don't forget that the better common dates will cost you a small premium over melt value and that premium may disappear as the spot price of gold continues to rise.
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
I guess the only fly in the ointment is if we use MS-65 as the dividing ground. Some Saints have a much lower total population overall...others have condition rarity at MS-65...others MS-63.
Fair comment. Easy to find a 1920 for close to spot in MS63 . Not happening in MS65.
Need to be flexible in expectations.
Indian Head $10 Gold Date Set Album
Great responses...thanks folks!