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With the bullion market soaring, what is the current pricing for slabbed common Saints graded MS 63,
SanctionII
Posts: 12,543 ✭✭✭✭✭
Is the price of these coins going up based upon the increase in spot gold prices?
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Prices have been edging higher nearly every day.
hrh
APMEX always seems to have great prices on these. (I like their PCGS and NGC offereings and avoid their raw coins like the plague.)
current buy prices for saints in round numbers. Figure another 4-5% for sells.
63-$960.......64:$1100.........65: $1400.
roadrunner
Ohmygosh!
As the bullion price rises, it generally outperforms the numismatic value.
Soon I will be clearing out slabbed Morgans for the same reasons that I've had in my collection for years.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
This statement has really only been true imo since May 2006.
Prior to that I'd say it was typically false across the board. If you got a $10 rise in gold, your MS64 saint went up $20 and your MS65 went up $25 for example. They nearly always went up more than bullion. But times can change.......
Since May 2006 I'd say Deadhorse's statement is mostly true but it's not a universal by any means. Different areas of the gold coin market have their runs. And it doesn't mean that premiums for higher grade saints cannot come back either. A common date MS64 $2-1/2 Lib could go up 50% while gold goes up 30%.
roadrunner
<< <i>Is the price of these coins going up based upon the increase in spot gold prices? >>
Send me a PM request and I'll quote you the most current prices from CCE and published buy prices from several of the wholesalers.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>As the bullion price rises, it generally outperforms the numismatic value.
This statement has really only been true imo since May 2006.
Prior to that I'd say it was typically false across the board. If you got a $10 rise in gold, your MS64 saint went up $20 and your MS65 went up $25 for example. They nearly always went up more than bullion. But times can change.......
Since May 2006 I'd say Deadhorse's statement is mostly true but it's not a universal by any means. Different areas of the gold coin market have their runs. And it doesn't mean that premiums for higher grade saints cannot come back either. A common date MS64 $2-1/2 Lib could go up 50% while gold goes up 30%.
roadrunner >>
I agree with your assessment inferred in this post and in previous posts regarding ms-64 Lib's, especially pre-1900 dates. There are so many dates in this series in the 90's and 80's that have traded at only a slight premium to the more common post-1900 dates, but are far rarer numismatically. Maybe the renewed interest in gold will help to increase awareness in this series, I'm sure you are finding it tougher to obtain nice 64's of late as well... interestingly, dates like the 1891 in 64 have not yet enjoyed the rise that the common dates have experienced, but hopefully soon that will change...
John
<< <i>APMEX wants $871.50 plus shipping for a BU, ungraded gold buffalo. My guess is you'd pay $900 in a lot of BandMs. That puts $930 for a 63 saint in perspective. --Jerry >>
With such a small difference, Saints look like a really good value. If history repeats itself, the Saints, being real collector coins rather than bullion, will be exempt from confiscation.
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
Dont get me wrong, I believe Saints to be our most beauitiful coin and if I could only own one coin, it would be the Ultra High Relief Saint in 69, wow what a stunner.