Home› U.S. Coin Forum
Options

Affect of rising gold prices on the St. Gaudens $20

jmj3esqjmj3esq Posts: 5,421 ✭
in U.S. Coin Forum
I have a St. Gaudens Gold $20 graded MS63 by PCGS. I have been contemplating selling it in order to fund my coin buying hobbby for the next few months. The question I have is with the exponential rise in gold prices is it dumb to sell this coin now? Gold does not appear to be slowing down at all. It looks like it is actually speeding up. Will the rise in gold prices directly affect the value of a gold coin like the St. Gaudens and if, lets say, gold rises to $700 or $800 an oz what will that do to the value of the St. Gaudens?

Comments

  • Options
    jpkinlajpkinla Posts: 822 ✭✭✭
    Your coin will appreciate with the movement in bulion prices. As gold goes higher the premium of the Saint may expand so that instead of trading at $150 over an ounce of gold, it could go to $250 or more.....It is as good a holding as any and I would recommend you hold on to it....
    $10 Indian Gold Registry Set

    $20 Saint Gaudens Registry Set
  • Options
    streeterstreeter Posts: 4,312 ✭✭✭✭✭
    17FEB06 greysheet gold reference price...$539.00.............. 63 saint 670/690
    07April06 greysheet gold " " $589.40 .................." " 695/710


    As gold has climbed in the last two months......................the premium for 63 saints has not climbed correspondingly.



    64 saints are even more dramatic.......with a +5/+10 increase in 2 months with gold climbing about $50.



    YOU make the call
    Have a nice day
  • Options
    RYKRYK Posts: 35,800 ✭✭✭✭✭
    I think that the Saint premium is unpredictable. In past markets, the Saints sold for a huge premium over spot. There is no guarantee that this will happen again and nothing that would suggest it could not. Streeter's data suggests that the premium has narrowed as gold prices have risen. Beats me what happens next.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • Options
    mgoodm3mgoodm3 Posts: 17,497 ✭✭✭
    the price are converging: FIRE UP THE SMELTERS!
    coinimaging.com/my photography articles Check out the new macro lens testing section
  • Options
    lkeneficlkenefic Posts: 9,349 ✭✭✭✭✭
    In the past...late 80's early 90's when gold tumbled to less than $300 or so per oz, the Saints didn't seem to go down that low... at least not as low as Maple Leaf or Singolds. This seamed to me a pretty good cusion. I buy the Saint as a gold investment and if gold falls...there is at lest numistmatic value in the coin that keeps it from not falling that far... am I correct in this or am I just hallucinating???Leo
    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • Options
    eagle7eagle7 Posts: 1,441
    If you feel that gold has topped out, then its a safe bet to sell your ms63. If you think it will go higher, forget the premium and focus on the target price you think gold will go to. Your Saint will never be worth less than that price. My own opinion on the matter is that gold has more work to do to the upside, much more. I would not sell graded gold right now. In fact, im not selling my own stock of PCGS graded gold coins from the teens and twenties. I know it is pricey for some, but I think the common date Twenty Saints in PCGS MS66 are still a bargain. They could easily be a 9000 dollar coin by the end of the year if, and this is a big if, gold goes above 700. At that point I think a buying frenzy on those mentioned coins will ensue. There will be blood in the water. That is when I will sell mine. If I am wrong, ho hum, they wont fall far. Not at that grade level. JMHO.
    In an insane society, a sane person will appear to be insane.
  • Options
    JJMJJM Posts: 8,128 ✭✭✭✭✭
    keep it....Or sell it to me image
    👍BST's erickso1,cone10,MICHAELDIXON,TennesseeDave,p8nt,jmdm1194,RWW,robkool,Ahrensdad,Timbuk3,Downtown1974,bigjpst,mustanggt,Yorkshireman,idratherbgardening,SurfinxHI,derryb,masscrew,Walkerguy21D,MJ1927,sniocsu,Coll3tor,doubleeagle07,luciobar1980,PerryHall,SNMAM,mbcoin,liefgold,keyman64,maprince230,TorinoCobra71,RB1026,Weiss,LukeMarshall,Wingsrule,Silveryfire, pointfivezero,IKE1964,AL410, Tdec1000, AnkurJ,guitarwes,Type2,Bp777,jfoot113,JWP,mattniss,dantheman984,jclovescoins,Collectorcoins,Weather11am,Namvet69,kansasman,Bruce7789,ADG,Larrob37,Waverly, justindan
  • Options
    streeterstreeter Posts: 4,312 ✭✭✭✭✭
    A lot of low grade uncirculated gold type has not climbed as some might suspect it would. Either the greysheet is laying a trap for the selling collector in favor of the buying dealer or ????????. I can't seem to figure out the ...OR

    Works for me as it still allows me to buy my gold by price averaging. You can still buy unc $5 LIBS for +/- $200. I am actually elated that nobody likes them.
    Have a nice day
  • Options
    JJMJJM Posts: 8,128 ✭✭✭✭✭


    yeah , I love these bargin items.............$5 LIBS for +/- $200
    👍BST's erickso1,cone10,MICHAELDIXON,TennesseeDave,p8nt,jmdm1194,RWW,robkool,Ahrensdad,Timbuk3,Downtown1974,bigjpst,mustanggt,Yorkshireman,idratherbgardening,SurfinxHI,derryb,masscrew,Walkerguy21D,MJ1927,sniocsu,Coll3tor,doubleeagle07,luciobar1980,PerryHall,SNMAM,mbcoin,liefgold,keyman64,maprince230,TorinoCobra71,RB1026,Weiss,LukeMarshall,Wingsrule,Silveryfire, pointfivezero,IKE1964,AL410, Tdec1000, AnkurJ,guitarwes,Type2,Bp777,jfoot113,JWP,mattniss,dantheman984,jclovescoins,Collectorcoins,Weather11am,Namvet69,kansasman,Bruce7789,ADG,Larrob37,Waverly, justindan

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Format
SpoilerCodeQuote
Heading 2Heading 1
Emoji
:):D:(;):/:o:s:p:'(:|B):#:*<3o:)>:)
Url
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file
Home • U.S. Coin ForumComment As ...