The Official Saint-Gaudens Double Eagle Thread

I need to find a quote for a 1928 MS-66+ so see how much the "+" and the "+CAC" designations add to the value of the coin separately. Obviously, it depends on how much the next full grade (MS-67) is worth.

The MS-67 is worth $15,000, and the MS-66+CAC (the closest you can get grade-wise to a 67) went for half that, $7,500. The "plain-old" MS-66 went for $4,225.

I guestimate that an MS-66+ (w/out CAC) will sell for about $5,500, given where the others are above/below it.

I thought CAC generally meant it is "strong for the grade" and given to the majority of "A" coins and some "B"s with "C"s being the bottom rung and not qualifying.

I can't speak on market vs. technical grading differentials....but the excellent CAC piece that BB21 provided a link to indicates that the CAC premium will depend on the prices for the coins at the 2 relevant grades....PLUS...the likelihood of getting a CAC sticker for that particular coin.

The article mentioned that the 1923 Saint had a 1% CAC rate at the MS-65 level while the 1923-D Saint had a 25% CAC rate at the same Gem grade. Premium for the latter was 25% but for the former was over 250%.

 

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I was to understand that the scale is A being perfect, and F being detailed, incapable of receiving a grade. Thus a scale A,B,C,D,E. A middle of the scale coin would be a C.

It has been my understanding that a C coin would be an average of the grading scale at any time.

I have submitted, and I can show plus (+) coins that will not receive a "bean". We also see other coins with "eye appeal" at that time period which received a bean.

It has been my observation that with the current grading system utilizing market grading versus past technical grading, CAC has occasionally adjusted its' standards.

I will continue to acquire coins meeting the published 1977 illustrated standard.

JMHO

 

I saw an interview with JA and he said the scale was A, B, and C. Maybe it's changed ?

Yeah, I hear JA/CAC are big on "luster" and "eye appeal."

No comment, above my pay grade.

 

Thats correct. C is bottom of the grade.

 

You are correct, and only C to A coins are considered for a "bean", but the "top tier" TPG grade coins from a "details" (i.e. F = Ungradable) to a MS70 (i.e. A = Perfect).

I believe that JA (i.e. CAC) has been clear in his declaration that the bean will only be applied from a C to A level coin.

In some cases a C level may require/constitute a plus (+) declared coin.

In other cases a C level may apply where "wear", bag rub" and "bag marks" are significant, but uniformity (i.e. eye appeal) may prevail.

I believe you may have seen "low grade" coins with a bean.

I'm fallible, so my understanding may also be beyond my pay grade.

JMHO

 

Prices At The Superb Gem (MS-67) Level: MS-67 Saints are selling for about $12,500 for 1924's and about 10% higher, ~$14,000 for 1928's. Both are considered commons and plentiful in MS-65 and not that super-rare in MS-67, too.

However...there's a big price dropoff for a coin that has lots more in the Superb Gem category and plenty (but not as many as the 1924, 1927, or 1928) in the Gem category: the 1908 No Motto. It sells for about half the price of the cheapest 1924, 1927, or 1928 Saint. Lately just under $6,000 or so, maybe a bit over if you include the bp.

There's a big dropoff in population at the Super Gem (MS67 and up) in the 4 other commons (1923-D, 1924, 1927, and 1928) compared to the 1908 NM. Hundreds available there in total for all 4 but a few thousand of the 1908 NM's. Ironically, the population of 1924 and 1927 Saints dwarfs the 1908 NM at the Gem level (MS65-66) by a huge amount.

The Wells Fargo Hoard really skewed the totals at that 67 level in favor of the 1908 NM which leads to the much smaller price rise in the higher grade.

 

Highest-Graded Wells Fargo 1908 No Motto For Sale: A month to go before the auction ends, must have just started. This was "The Best One" of the 10 MS-69's found in the famous Wells Fargo Hoard:

https://www.greatcollections.com/Co...lls-Fargo-Nevada-Gold-The-Best-One-PCGS-MS-69

Just over $100,000 right now.

 

An MS-66+CAC 1924 went for $7,312 (with bp)....an MS-67 NGC 1924 went for $11,032 last night.

 

1926-D: The 1950 Menjou Catalog states previous high-profile auctions did NOT have this coin. It was estimated to go for $2,500 but sold for $2,000.

1924-S: Menjou Catalog calls it the rarest of all double eagles, ".....there are perhaps less than 5 specimens extant." The estimate was $2,250 and it sold for $2,000.

Not long after the 1950 Menjou Auction, small hoards started to come back from Europe and the population numbers for each coin swelled.

 

I see nothing posted to this since March - the Saint-Gaudens series is probably the single most popular area of the market at the moment. Although the whole coin market is extremely strong, Saints are in a league of their own. It's not just one or two people that's moved the market either. There's a lot of new collectors focused on building sets of Saints etc.

- Ian

 

haha, I like the "no motto" 1908 because..... I has no motto! I feel the same way about the 1907 Indian $10. It was and still is a departure from the usual. Price and quantity be damned. I have lovely examples of each and I just like them. Worth their weight in gold (almost, anyway).

 

Sad Day For Saints: Last week was something I never experienced nor wanted to experience.

I had to sell one of my Saints.

I didn't want to....but I was busy with our club's resumption (after 3 years) of our annual huge space forum and expo mid-month...3 years of Covid cancellations and it was pretty much 12-14 hour days from early last week through the early part of this week.

Net-Net, I couldn't scrounge up some PT consulting work or investment counseling and when I finally had time to see the status of my checking account -- thinking I was still close to $1,000 or so -- turned out I was OVERDRAWN and NEGATIVE !!

Aside from screwing up my automatic payments that are going to have to re-hit automatically or be re-submitted manually, I needed cash -- and FAST.

So....I made the difficult decision to part with my 1915-S MS-63 OGH that I picked up at FUN 2020. A common coin but one I kinda liked despite the black specks. OGH label nice to have (as I would find out). I don't have too many Saints so parting with one was really tough but it was either this one or a 2018 AGE Proof that I also bought at FUN 2020. Didn't want to sell my 1st purchase, my 1924 MS-65 or my other ones also common or my more valuable 1923-D.

Some Good News (for those long the coins already, as opposed to looking to buy now I guess ): premiums for even common TPG Saints are strong.....the OGH helped too....I went to my LCS who always treats me fair, buying or selling. He and his asst. looked up the price on some iPad and probably consulted the Grey Sheet or something with modern pricing. I had paid only a slight premium to bullion back in 2020.....about $1,675 or so when gold was about that price (my premium paid, if any, was in the 3% less gold in the coin).

I got $2,300 for the coin with gold listed on his chalk board at $1,980.

Sadly, a nice profit never felt worse.

Maybe I'll get a chance to buy it back in the future.........

 

Here’s my latest:

 

Great coin...where did you find it ?

 

Won at a David Lawrence auction.

 

Very nice. You won't find such in the major auctions although 65 is a preety high grade. Also 1926 is a less-common date.

 

Accurate words!

You won't get a cheap price, but at least what was paid for on that site!

A nice coin for am MS65 St. Gaudens, believed undergraded in todays' market!

JMHO

 

A very nice double eagle, Santinidollar!

 

I wouldn't call the 1926 a common coin like the 1924 or 1927 in MS-65.

But it IS readily available in higher grades; RWB has a population of 7,500 in 65 & 66 but then it falls off a cliff to 10 coins in MS-67 & 68.

 

Depending on what grading method used and/or accuracy.....this is a coin with a LOT of misses, in that regard.