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numismatic gold looking promising especially so the THREE DOLLAR INDIAN PRINCESS
michael
Posts: 9,524 ✭✭✭
Coin Market - Best Ever?
Posted by at 10/19/2005 11:05:27 AM
A guest article from NumisMedia
With over 45 years of numismatic expertise we have no qualms about suggesting that this is the best coin market ever.
Since the early 1960s, when most collectors visited and did the majority of their buying through their local coin shops, the coin market has transformed as dramatically as any industry can claim. Today a major portion of collector (and dealer) purchasing activities are done over the Internet. Whether they are buying from retailers or auctions, websites are an enormous sales tool. From the 60s to now there certainly have been cycles where prices were higher for some individual coins, but never have we had the depth of buying power and interest that we enjoy today. While the metals spurred higher prices for gold and silver related coins during the rush of 1979 and 1980, once gold topped out at $850 in January of 1980, the coin market has become much more self reliant. We cannot expect valuable coins to go up in price because of their metal content; but we can expect common silver or gold coins to increase as the metals rise – this is a bonus to numismatists.
If the metals continue to rise, the attraction will be widespread among neophytes to numismatics. Numismatics has become broad-based but if we start adding even more reasons to collect coins it can spur the coin market to unheralded heights.
We have seen many U.S. Gold coins rise dramatically over the last month alone as demand is bordering on being out of control.
Not only has the FMV advanced for bullion related tens and twenties (common dates), but the premiums have widened as well. This is a certainty that demand is far ahead of current supplies. One caveat we must mention, this can reverse just as quickly, but most gold analysts are confident that the overall upsurge is just a matter of time.
So, we may see some swings but the long run looks very positive for U.S. Gold.
In the past month FMV has moved from $1,260 to $1,650 for MS65 Saints, up a little over 30%. Most of us can remember when these beauties were over $3,000 each, so the potential is there for a long run if the market receives added incentives such as inflationary news, increased oil prices, and any other dollar value reductions that may come along. The MS65 Saint is not the only example of this strong rush. We have a list below for you to contemplate. These are just some of the robust FMV increases over the last month.
Denomination Sept. '05 Oct. '05
Saints MS64 $760 $980
$20 Lib MS64 $1,440 $1,730
$20 Lib MS65 $4,420 $5,330
$10 Ind MS63 $760 $970
$10 Ind MS65 $4,560 $4,970
$10 Lib MS63 $760 $970
$10 Lib MS64 $1,650 $1,980
$10 Lib MS65 $4,590 $4,940
One of the more interesting aspects of these numbers is the quantity of coins traded throughout the industry. We all know that MS65 Saints trade all the time, but how many MS65 $20 Libs are traded? There are not that many available; further, the only ones you see are the most common dates. Granted we have FMV listed for the better dates, but when an accurately graded MS65 with a low census is traded, it usually commands above the current FMV. That is because the astute collector understands that there is additional value to the better date issues over the long run.
A further comment on the $3 Gold as it continues to rise in all grades. This has become one of the more popular collector coins during the last year. It was not always this way. In past decades, it was considered more of a novelty by collectors and was one of the last coins to be acquired; and sometimes not even bothered with because nobody else cared. What a difference time makes with attitudes ever-changing. With this new popularity comes very strong demand to the point that we don’t see that many coins being offered because they are not available. When dealers inventory $3 Gold they are immediately sold to their anxious customers.
The smaller denomination U.S. Gold coins are also receiving some attention but mostly as fallout from the larger denominations. What some numismatists don’t realize is that these smaller denomination coins may fall behind as tens and twenties rise due to the reaction of a rising gold market. However, this may well be where the bargains are for collectors.
If you do agree with the analysts that predict higher gold prices, then the smaller denomination coins may languish while the spotlight is on tens and twenties. If this occurs, then the smaller coins will become more attractive to collectors since the potential will appear to be that much greater by comparison of past FMV relationships.
One of the major dealer complaints about today’s coin market is that there are not enough coins in the marketplace for their customers. Not that there are not millions of coins available; we see thousands of them all the time at shows, in auctions, retail ads, just about anywhere there are dealers or collectors assembled. What they are saying is the coins their customers are demanding are the ones that are most difficult to acquire, either because they are not available or they continue to rise in price and the buyer is always a step behind rising FMV prices. But isn’t this what makes the coin market as successful as it is today? Rising prices fuels activity and motivate increased sales, which in turn attracts new buyers and more sales. The more the economy plays into the hands of numismatics, the more attractive coin collecting becomes to the masses. Just wait until you see what a really hot market can do. Better yet, don’t wait; get involved in the greatest collectibles market ever.
Posted by at 10/19/2005 11:05:27 AM
A guest article from NumisMedia
With over 45 years of numismatic expertise we have no qualms about suggesting that this is the best coin market ever.
Since the early 1960s, when most collectors visited and did the majority of their buying through their local coin shops, the coin market has transformed as dramatically as any industry can claim. Today a major portion of collector (and dealer) purchasing activities are done over the Internet. Whether they are buying from retailers or auctions, websites are an enormous sales tool. From the 60s to now there certainly have been cycles where prices were higher for some individual coins, but never have we had the depth of buying power and interest that we enjoy today. While the metals spurred higher prices for gold and silver related coins during the rush of 1979 and 1980, once gold topped out at $850 in January of 1980, the coin market has become much more self reliant. We cannot expect valuable coins to go up in price because of their metal content; but we can expect common silver or gold coins to increase as the metals rise – this is a bonus to numismatists.
If the metals continue to rise, the attraction will be widespread among neophytes to numismatics. Numismatics has become broad-based but if we start adding even more reasons to collect coins it can spur the coin market to unheralded heights.
We have seen many U.S. Gold coins rise dramatically over the last month alone as demand is bordering on being out of control.
Not only has the FMV advanced for bullion related tens and twenties (common dates), but the premiums have widened as well. This is a certainty that demand is far ahead of current supplies. One caveat we must mention, this can reverse just as quickly, but most gold analysts are confident that the overall upsurge is just a matter of time.
So, we may see some swings but the long run looks very positive for U.S. Gold.
In the past month FMV has moved from $1,260 to $1,650 for MS65 Saints, up a little over 30%. Most of us can remember when these beauties were over $3,000 each, so the potential is there for a long run if the market receives added incentives such as inflationary news, increased oil prices, and any other dollar value reductions that may come along. The MS65 Saint is not the only example of this strong rush. We have a list below for you to contemplate. These are just some of the robust FMV increases over the last month.
Denomination Sept. '05 Oct. '05
Saints MS64 $760 $980
$20 Lib MS64 $1,440 $1,730
$20 Lib MS65 $4,420 $5,330
$10 Ind MS63 $760 $970
$10 Ind MS65 $4,560 $4,970
$10 Lib MS63 $760 $970
$10 Lib MS64 $1,650 $1,980
$10 Lib MS65 $4,590 $4,940
One of the more interesting aspects of these numbers is the quantity of coins traded throughout the industry. We all know that MS65 Saints trade all the time, but how many MS65 $20 Libs are traded? There are not that many available; further, the only ones you see are the most common dates. Granted we have FMV listed for the better dates, but when an accurately graded MS65 with a low census is traded, it usually commands above the current FMV. That is because the astute collector understands that there is additional value to the better date issues over the long run.
A further comment on the $3 Gold as it continues to rise in all grades. This has become one of the more popular collector coins during the last year. It was not always this way. In past decades, it was considered more of a novelty by collectors and was one of the last coins to be acquired; and sometimes not even bothered with because nobody else cared. What a difference time makes with attitudes ever-changing. With this new popularity comes very strong demand to the point that we don’t see that many coins being offered because they are not available. When dealers inventory $3 Gold they are immediately sold to their anxious customers.
The smaller denomination U.S. Gold coins are also receiving some attention but mostly as fallout from the larger denominations. What some numismatists don’t realize is that these smaller denomination coins may fall behind as tens and twenties rise due to the reaction of a rising gold market. However, this may well be where the bargains are for collectors.
If you do agree with the analysts that predict higher gold prices, then the smaller denomination coins may languish while the spotlight is on tens and twenties. If this occurs, then the smaller coins will become more attractive to collectors since the potential will appear to be that much greater by comparison of past FMV relationships.
One of the major dealer complaints about today’s coin market is that there are not enough coins in the marketplace for their customers. Not that there are not millions of coins available; we see thousands of them all the time at shows, in auctions, retail ads, just about anywhere there are dealers or collectors assembled. What they are saying is the coins their customers are demanding are the ones that are most difficult to acquire, either because they are not available or they continue to rise in price and the buyer is always a step behind rising FMV prices. But isn’t this what makes the coin market as successful as it is today? Rising prices fuels activity and motivate increased sales, which in turn attracts new buyers and more sales. The more the economy plays into the hands of numismatics, the more attractive coin collecting becomes to the masses. Just wait until you see what a really hot market can do. Better yet, don’t wait; get involved in the greatest collectibles market ever.
0
Comments
The prices quoted in the article as FMV are more in line with FTC pricing (Fleece The Customer).
$3 gold values have jumped noticeably in the past year. I doubt this is due to collector demand but more due to dealer and promoter speculation. The word was put out over a year ago that $3 gold was going to run up a long ways. That is not something that occurs when collectors are the only ones building the demand. The $3 princess in MS64 is now over $9000 and has nearly doubled in price in the past 3 years. While these were beat down in price from 1997-2001 they have recovered nicely since. The wise time to buy them was 1-4 years ago.
I do like the overall premise of numismatic gold coins however.
roadrunner
The Feds are now very concerned.
We could see the prime interest rates continue its rise to 10%. It is now 6.75%.
If the prime interest rates rise to 10%, this will dampen dealers ability to hang onto inventory and collector enthusiasm for holding gold when they can "earn" more in CD's and money market accounts.
Other than this doom and gloom scenario, I can not disagree with the tenor of the article.
But at what point will the enthusiasm for holding gold or coins over CD's finally turn the party around? In the 1980 blow-out
interest rates had been rising for a while and were well into double digits before any sign of the party end was visible. Even at the April 1980 rare coin blow off the fed rate was over 11%. It took a few years of higher rates to finally turn the tide. The 8% rate in 1978 and the 11% rate in 1979 did not turn the precious metals bull markets one iota. If anything they seemed to fuel it further. By 1983-1986 coins reawakened again even against 8-10% rates. Same can be said for the 1988-1990 bull market. Point is that it took a few years of higher interest rates in the 1970's to turn the hard asset markets around. It doesn't happen over night...at least not by historical terms.
1978- 8
1979- 11
1980- 13
1981-16
1982-12
1983-9
1984-10
1985-8
1988-7
1989-9
1990-8
FED FUNDS rates - historical
roadrunner
I wonder if the world of instant communication compliments of the internet today has speeded up the gold versus interest rates cycle?
I realize that we did have radio, TV and newspapers in 1979-1980.
The figures for the year 1980 is misleading. I seem to recall a heck of a wild ride in 1980 interest rates wise. I will pull the years 1978 through 1982 up. I believe they were shocking numbers.
Whether they can hold things steady at say 5-8%, or end up in the 10-15% range again, I don't think it will matter. Either will be bullish for collectibles as we climb the so-called wall of worry. My gut feel says something inbetween will occur will all the "technology" in the markets today. It may take another 2-5 years before the average person says, hey, commodities, gold, and coins have been going up! Time to get in.
roadrunner
Rate
Rate of interest in money and capital markets
Federal Reserve System
Short-term or money market
Private securities
Federal funds
Not seasonally adjusted
Monthly
--------------------------------------------------------------
This business rate series should not be used for
most purposes. The 7-day daily funds rate should
be used instead.
*****************************
The federal funds rate is the cost of borrowing
immediately available funds, primarily for one day.
The effective rate is a weighted average of the
reported rates at which different amounts of the
day's trading through new york brokers occurs.
--------------------------------------------------------------
Released on 10/17/2005
fedfund
-------
07/1954 0.80
08/1954 1.22
09/1954 1.06
10/1954 0.85
11/1954 0.83
12/1954 1.28
01/1955 1.39
02/1955 1.29
03/1955 1.35
04/1955 1.43
05/1955 1.43
06/1955 1.64
07/1955 1.68
08/1955 1.96
09/1955 2.18
10/1955 2.24
11/1955 2.35
12/1955 2.48
01/1956 2.45
02/1956 2.50
03/1956 2.50
04/1956 2.62
05/1956 2.75
06/1956 2.71
07/1956 2.75
08/1956 2.73
09/1956 2.95
10/1956 2.96
11/1956 2.88
12/1956 2.94
01/1957 2.84
02/1957 3.00
03/1957 2.96
04/1957 3.00
05/1957 3.00
06/1957 3.00
07/1957 2.99
08/1957 3.24
09/1957 3.47
10/1957 3.50
11/1957 3.28
12/1957 2.98
01/1958 2.72
02/1958 1.67
03/1958 1.20
04/1958 1.26
05/1958 0.63
06/1958 0.93
07/1958 0.68
08/1958 1.53
09/1958 1.76
10/1958 1.80
11/1958 2.27
12/1958 2.42
01/1959 2.48
02/1959 2.43
03/1959 2.80
04/1959 2.96
05/1959 2.90
06/1959 3.39
07/1959 3.47
08/1959 3.50
09/1959 3.76
10/1959 3.98
11/1959 4.00
12/1959 3.99
01/1960 3.99
02/1960 3.97
03/1960 3.84
04/1960 3.92
05/1960 3.85
06/1960 3.32
07/1960 3.23
08/1960 2.98
09/1960 2.60
10/1960 2.47
11/1960 2.44
12/1960 1.98
01/1961 1.45
02/1961 2.54
03/1961 2.02
04/1961 1.49
05/1961 1.98
06/1961 1.73
07/1961 1.17
08/1961 2.00
09/1961 1.88
10/1961 2.26
11/1961 2.61
12/1961 2.33
01/1962 2.15
02/1962 2.37
03/1962 2.85
04/1962 2.78
05/1962 2.36
06/1962 2.68
07/1962 2.71
08/1962 2.93
09/1962 2.90
10/1962 2.90
11/1962 2.94
12/1962 2.93
01/1963 2.92
02/1963 3.00
03/1963 2.98
04/1963 2.90
05/1963 3.00
06/1963 2.99
07/1963 3.02
08/1963 3.49
09/1963 3.48
10/1963 3.50
11/1963 3.48
12/1963 3.38
01/1964 3.48
02/1964 3.48
03/1964 3.43
04/1964 3.47
05/1964 3.50
06/1964 3.50
07/1964 3.42
08/1964 3.50
09/1964 3.45
10/1964 3.36
11/1964 3.52
12/1964 3.85
01/1965 3.90
02/1965 3.98
03/1965 4.04
04/1965 4.09
05/1965 4.10
06/1965 4.04
07/1965 4.09
08/1965 4.12
09/1965 4.01
10/1965 4.08
11/1965 4.10
12/1965 4.32
01/1966 4.42
02/1966 4.60
03/1966 4.65
04/1966 4.67
05/1966 4.90
06/1966 5.17
07/1966 5.30
08/1966 5.53
09/1966 5.40
10/1966 5.53
11/1966 5.76
12/1966 5.40
01/1967 4.94
02/1967 5.00
03/1967 4.53
04/1967 4.05
05/1967 3.94
06/1967 3.98
07/1967 3.79
08/1967 3.90
09/1967 3.99
10/1967 3.88
11/1967 4.13
12/1967 4.51
01/1968 4.60
02/1968 4.71
03/1968 5.05
04/1968 5.76
05/1968 6.11
06/1968 6.07
07/1968 6.02
08/1968 6.03
09/1968 5.78
10/1968 5.91
11/1968 5.82
12/1968 6.02
01/1969 6.30
02/1969 6.61
03/1969 6.79
04/1969 7.41
05/1969 8.67
06/1969 8.90
07/1969 8.61
08/1969 9.19
09/1969 9.15
10/1969 9.00
11/1969 8.85
12/1969 8.97
01/1970 8.98
02/1970 8.98
03/1970 7.76
04/1970 8.10
05/1970 7.94
06/1970 7.60
07/1970 7.21
08/1970 6.61
09/1970 6.29
10/1970 6.20
11/1970 5.60
12/1970 4.90
01/1971 4.14
02/1971 3.72
03/1971 3.71
04/1971 4.15
05/1971 4.63
06/1971 4.91
07/1971 5.31
08/1971 5.56
09/1971 5.55
10/1971 5.20
11/1971 4.91
12/1971 4.14
01/1972 3.50
02/1972 3.29
03/1972 3.83
04/1972 4.17
05/1972 4.27
06/1972 4.46
07/1972 4.55
08/1972 4.80
09/1972 4.87
10/1972 5.04
11/1972 5.06
12/1972 5.33
01/1973 5.94
02/1973 6.58
03/1973 7.09
04/1973 7.12
05/1973 7.84
06/1973 8.49
07/1973 10.40
08/1973 10.50
09/1973 10.78
10/1973 10.01
11/1973 10.03
12/1973 9.95
01/1974 9.65
02/1974 8.97
03/1974 9.35
04/1974 10.51
05/1974 11.31
06/1974 11.93
07/1974 12.92
08/1974 12.01
09/1974 11.34
10/1974 10.06
11/1974 9.45
12/1974 8.53
01/1975 7.13
02/1975 6.24
03/1975 5.54
04/1975 5.49
05/1975 5.22
06/1975 5.55
07/1975 6.10
08/1975 6.14
09/1975 6.24
10/1975 5.82
11/1975 5.22
12/1975 5.20
01/1976 4.87
02/1976 4.77
03/1976 4.84
04/1976 4.82
05/1976 5.29
06/1976 5.48
07/1976 5.31
08/1976 5.29
09/1976 5.25
10/1976 5.02
11/1976 4.95
12/1976 4.65
01/1977 4.61
02/1977 4.68
03/1977 4.69
04/1977 4.73
05/1977 5.35
06/1977 5.39
07/1977 5.42
08/1977 5.90
09/1977 6.14
10/1977 6.47
11/1977 6.51
12/1977 6.56
01/1978 6.70
02/1978 6.78
03/1978 6.79
04/1978 6.89
05/1978 7.36
06/1978 7.60
07/1978 7.81
08/1978 8.04
09/1978 8.45
10/1978 8.96
11/1978 9.76
12/1978 10.03
01/1979 10.07
02/1979 10.06
03/1979 10.09
04/1979 10.01
05/1979 10.24
06/1979 10.29
07/1979 10.47
08/1979 10.94
09/1979 11.43
10/1979 13.77
11/1979 13.18
12/1979 13.78
01/1980 13.82
02/1980 14.13
03/1980 17.19
04/1980 17.61
05/1980 10.98
06/1980 9.47
07/1980 9.03
08/1980 9.61
09/1980 10.87
10/1980 12.81
11/1980 15.85
12/1980 18.90
01/1981 19.08
02/1981 15.93
03/1981 14.70
04/1981 15.72
05/1981 18.52
06/1981 19.10
07/1981 19.04
08/1981 17.82
09/1981 15.87
10/1981 15.08
11/1981 13.31
12/1981 12.37
01/1982 13.22
02/1982 14.78
03/1982 14.68
04/1982 14.94
05/1982 14.45
06/1982 14.15
07/1982 12.59
08/1982 10.12
09/1982 10.31
10/1982 9.71
11/1982 9.20
12/1982 8.95
01/1983 8.68
02/1983 8.51
03/1983 8.77
04/1983 8.80
05/1983 8.63
06/1983 8.98
07/1983 9.37
08/1983 9.56
09/1983 9.45
10/1983 9.48
11/1983 9.34
12/1983 9.47
01/1984 9.56
02/1984 9.59
03/1984 9.91
04/1984 10.29
05/1984 10.32
06/1984 11.06
07/1984 11.23
08/1984 11.64
09/1984 11.30
10/1984 9.99
11/1984 9.43
12/1984 8.38
01/1985 8.35
02/1985 8.50
03/1985 8.58
04/1985 8.27
05/1985 7.97
06/1985 7.53
07/1985 7.88
08/1985 7.90
09/1985 7.92
10/1985 7.99
11/1985 8.05
12/1985 8.27
01/1986 8.14
02/1986 7.86
03/1986 7.48
04/1986 6.99
05/1986 6.85
06/1986 6.92
07/1986 6.56
08/1986 6.17
09/1986 5.89
10/1986 5.85
11/1986 6.04
12/1986 6.91
01/1987 6.43
02/1987 6.10
03/1987 6.13
04/1987 6.37
05/1987 6.85
06/1987 6.73
07/1987 6.58
08/1987 6.73
09/1987 7.22
10/1987 7.29
11/1987 6.69
12/1987 6.77
01/1988 6.83
02/1988 6.58
03/1988 6.58
04/1988 6.87
05/1988 7.09
06/1988 7.51
07/1988 7.75
08/1988 8.01
09/1988 8.19
10/1988 8.30
11/1988 8.35
12/1988 8.76
01/1989 9.12
02/1989 9.36
03/1989 9.85
04/1989 9.84
05/1989 9.81
06/1989 9.53
07/1989 9.24
08/1989 8.99
09/1989 9.02
10/1989 8.84
11/1989 8.55
12/1989 8.45
01/1990 8.23
02/1990 8.24
03/1990 8.28
04/1990 8.26
05/1990 8.18
06/1990 8.29
07/1990 8.15
08/1990 8.13
09/1990 8.20
10/1990 8.11
11/1990 7.81
12/1990 7.31
01/1991 6.91
02/1991 6.25
03/1991 6.12
04/1991 5.91
05/1991 5.78
06/1991 5.90
07/1991 5.82
08/1991 5.66
09/1991 5.45
10/1991 5.21
11/1991 4.81
12/1991 4.43
01/1992 4.03
02/1992 4.06
03/1992 3.98
04/1992 3.73
05/1992 3.82
06/1992 3.76
07/1992 3.25
08/1992 3.30
09/1992 3.22
10/1992 3.10
11/1992 3.09
12/1992 2.92
01/1993 3.02
02/1993 3.03
03/1993 3.07
04/1993 2.96
05/1993 3.00
06/1993 3.04
07/1993 3.06
08/1993 3.03
09/1993 3.09
10/1993 2.99
11/1993 3.02
12/1993 2.96
01/1994 3.05
02/1994 3.25
03/1994 3.34
04/1994 3.56
05/1994 4.01
06/1994 4.25
07/1994 4.26
08/1994 4.47
09/1994 4.73
10/1994 4.76
11/1994 5.29
12/1994 5.45
01/1995 5.53
02/1995 5.92
03/1995 5.98
04/1995 6.05
05/1995 6.01
06/1995 6.00
07/1995 5.85
08/1995 5.74
09/1995 5.80
10/1995 5.76
11/1995 5.80
12/1995 5.60
01/1996 5.56
02/1996 5.22
03/1996 5.31
04/1996 5.22
05/1996 5.24
06/1996 5.27
07/1996 5.40
08/1996 5.22
09/1996 5.30
10/1996 5.24
11/1996 5.31
12/1996 5.29
01/1997 5.25
02/1997 5.19
03/1997 5.39
04/1997 5.51
05/1997 5.50
06/1997 5.56
07/1997 5.52
08/1997 5.54
09/1997 5.54
10/1997 5.50
11/1997 5.52
12/1997 5.50
01/1998 5.56
02/1998 5.51
03/1998 5.49
04/1998 5.45
05/1998 5.49
06/1998 5.56
07/1998 5.54
08/1998 5.55
09/1998 5.51
10/1998 5.07
11/1998 4.83
12/1998 4.68
01/1999 4.63
02/1999 4.76
03/1999 4.81
04/1999 4.74
05/1999 4.74
06/1999 4.76
07/1999 4.99
08/1999 5.07
09/1999 5.22
10/1999 5.20
11/1999 5.42
12/1999 5.30
01/2000 5.45
02/2000 5.73
03/2000 5.85
04/2000 6.02
05/2000 6.27
06/2000 6.53
07/2000 6.54
08/2000 6.50
09/2000 6.52
10/2000 6.51
11/2000 6.51
12/2000 6.40
01/2001 5.98
02/2001 5.49
03/2001 5.31
04/2001 4.80
05/2001 4.21
06/2001 3.97
07/2001 3.77
08/2001 3.65
09/2001 3.07
10/2001 2.49
11/2001 2.09
12/2001 1.82
01/2002 1.73
02/2002 1.74
03/2002 1.73
04/2002 1.75
05/2002 1.75
06/2002 1.75
07/2002 1.73
08/2002 1.74
09/2002 1.75
10/2002 1.75
11/2002 1.34
12/2002 1.24
01/2003 1.24
02/2003 1.26
03/2003 1.25
04/2003 1.26
05/2003 1.26
06/2003 1.22
07/2003 1.01
08/2003 1.03
09/2003 1.01
10/2003 1.01
11/2003 1.00
12/2003 0.98
01/2004 1.00
02/2004 1.01
03/2004 1.00
04/2004 1.00
05/2004 1.00
06/2004 1.03
07/2004 1.26
08/2004 1.43
09/2004 1.61
10/2004 1.76
11/2004 1.93
12/2004 2.16
01/2005 2.28
02/2005 2.50
03/2005 2.63
04/2005 2.79
05/2005 3.00
06/2005 3.04
07/2005 3.26
08/2005 3.50
09/2005 3.62
01/1980 13.82
02/1980 14.13
03/1980 17.19
04/1980 17.61
05/1980 10.98
06/1980 9.47
07/1980 9.03
08/1980 9.61
09/1980 10.87
10/1980 12.81
11/1980 15.85
12/1980 18.90
I think the 3 dollar Indian Princess coins were/are over priced.
Who is buying them to collect at 2000-10000 a whack in nice shape?
anyone on this board? anyone?
<< <i>a small graph would have been nicer to study ;-) >>
Here you go; Hope it is small enough for you :-) :
I tried to buy Bustman's MS64 when it was on ebay a year or so ago.
It sold for quite a bit over bid so I missed out. In hindsight it would have been a smart move to stretch. It was a very PQ 64+ coin.
At the time they were in the $5500-$6500 range.
Oreville, wow, look at that those nutty interest rates in March and April of 1980 as well as the later fall. No wonder they killed gold in Feb 1980 and then coins followed in April. But it took 17% rates to do that as the 10-12% rates were having no effect.
roadrunner
For instance, according to PCGS pop reports, there are 10.7k certified liberty half eagles and 13.4k gold dollars versus 14.5k certified gold three dollars, yet both the half eagle and gold dollar were made for a longer period of time and in larger quantities.
That being said, I still want one for my type set. I just can't seem to find one I really like -- most of them are unattractive to me.
Have fun...Mike
A relatively "comparable" coin to the $3 Princess is the $5 no motto Lib. The $5 is rarer on total pops, and far rarer in all MS grades.
They also cost less. The bottom line is that few really need one for type since they can substitute a $5 with motto. To those few that need a No Motto for type, the are enough around to satisfy those few hundred buyers. Again, no substitute for the $3 gold or the $4 gold.....and very promotable as such.
roadrunner
$3 is now entering into TULIP FRENZY class status. Good luck guys. Joining the 1995W SAE.
i ONLY LIKE BETTER DATES with great eye appeal for example 1858 1860-65 1881-1886 in choice xf to choice au and au-63 coins also any slightly better date choice to gem proof three dollar gold with a great look and eye appeal
then i think with the above they are still great super great value opportunity coins with tremendous value opportunity
anything in three dollar gold other then the above for me is a gamble and i just do not know
but for the semi common and common dates ms63 and up no i do not like them at all
and of course any blanket statement as to three dolar gold compaired to a modern SILVER proof american eagle which is a great in demand hotly collected coin abet common is well extremely ignorant and short sighted by someone with little to NO KNOWLEDGE about threes
I just have one.
<< <i>i ONLY LIKE BETTER DATES with great eye appeal for example 1858 1860-65 1881-1886 in choice xf to choice au and au-63 coins also any slightly better date choice to gem proof three dollar gold with a great look and eye appeal >>
I assume you meant MS-63?
an au coin with such slight rub if you can call it that on the obverse as without this infestimal rub it would be 63 on the obverse but with full lustre and choice unc surfaces on the reverse hence au-63
and i have seen much more rub lotsa more on bust halves most all bust halves in ms63 and ms64 and too many to count in ms65 holders as if the above au-63 three dollar gold if it was a bust half would be in an ngc/pcgs holder as ms63 or 64
as i am not currently buying OR selling any three dollar gold nor do i have any plans whatsoever to do so in the near or far future
it might surprise you to know that to make assumptions based on someones favorable posts concerning a specific coin or coin type does not necessarly mean they are buying them as such or even selling them
just a collectors perspective from 35+ years of studying them date by date and the markets they have been through
but as far as past perfromance goes this does not necessarily make a good or bad deal only as from a collectors perspective