Poll: Would you buy this $20 Saint at this price?

Rising gold prices the past two months are an artificial spike. Just wait until we get closer to the election, and see what happens, historically.

 

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I'm not seeing the significant, appreciable trend that you speak of. Current prices would have to drop 23% to reach the threshold you describe, which is more than any of the last five election cycles. The highest drop has been just under 17%.

May 11, 2012 = $1578.35
Nov 08, 2012 = $1731.43

May 12, 2008 = $885.00
Nov 07, 2008 = $735.85

May 12, 2004 = $377.04
Nov 08, 2004 = $432.30

May 12, 2000 = $275.80
Nov 08, 2000 = $264.85

May 13, 1996 = $391.20
Nov 08, 1996 = $378.80

 

No, the price is to high for a coin that is not graded. I just bought a 1908 No Motto MS 64, at our club Trade Fair for $1250. This sounds more like a coin TV price.

 

Is it PCGS or NGC graded?

 

PCGS

 

I'm not familiar with these but is that wear in the nose, forehead, and breast?

 

Can you buy me a dozen?...

 

Based on the pics I see an AU58 coin, but in this case it doesn't really matter since AU58-MS62 worth about the same $$$.

 

Yes. Obverse pickups also include the torch above the right hand, thighs, and knees. This coin shows wear in all of those places in addition to the ones you pointed out.

The reverse shows wear on selected feather tips and possibly on the eagle's beak and top of his head.

FWIW, I was advised not to buy the coin before I posted this thread. I just wanted to see how @GDJMSP's advise matched up with the rest of you. I'd say, for once, you all agreed! ;-)

 

No - big ticket coins like that must be slabbed if I am paying that kind of money.

Question: Why did the owner not slab this?

 

Thanks. I see the other wear spots clearly now, like the torch, reverse too.

 

FWIW, this coin would almost certainly be slabbed as uncirculated. The TPGs give Saints a lot of lee-way when determining wear from "stacking" friction.

These are mostly a bullion coin, and considering how much grading fees and shipping/insurance cost, unless the coin is gem these common dates just aren't worth grading. Same thing with common date $20 Libs in 60-62.

 

There have only been maybe three gold bull markets in the last 100 years where price really spikes. We just saw one in 2010-11 and prices tend to return to the mean average price over time for commodities factoring in inflation. With that in mind the price of gold may return to about $800 an ounce before it hits $2000.

 

When you look at a coin which is not graded, always start at MS/PR70. For every short coming you see to a lower grade, apply it. What you have left is it's worth. Some will say it's too restrictive. When you go to sell it, it will be taken into consideration by all. Buyers don't care what is on the coin to upgrade it, they care what's not there and what downgrades it.

 

No.
I'd go buy a pattern coin or 1846 half dime.

 

Sorry, I cannot see wear at all, that' s classic cabinet friction, but I wouldn't buy this coin either for this price.
I would go for a slabbed one, since they are common.