2021 Hots and Nots: Coins To Buy & Avoid

Discussion in 'US Coins Forum' started by GoldFinger1969, Jan 15, 2021.

  1. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Doug Winter wrote a really good column that probably mentions some coin types that most of us follow. For myself, it was his comments on Double Eagles -- 1907 Saint High Reliefs and Carson City Liberty's -- that caught my eye.

    https://coinweek.com/us-coins/classic-us-gold-coins-whats-hot-and-whats-not-2021-edition/

    On 1907 Saint High Reliefs, he's cool:

    "...I define a “Trophy Coin” as something which is big, beautiful, and easy for the deep-pocketed collector or investor with only basic numismatic experience to appreciate. Examples of Trophy Coins include High Relief Double Eagles, Pan-Pac $50 Round and Octagonal, 1907 Wire Edge Indian Head eagles, and 1879 Flowing Hair Stellas.

    In 2019, an average quality PCGS MS63 1907 Wire Edge High Relief $20 typically sold for around $20,000. In late 2019/early 2020 a substantial hoard of High Reliefs in MS63 through MS65 came onto the market and prices dropped to $14,000-15,000 by the middle of 2020. Prices rose slightly towards the end of the year but these are likely to remain flat in 2021.
    "

    On Carson City Liberty Double Eagles, he's hot:


    "From the early part of the 2010s through the middle of 2017, Carson City double eagles saw an almost continual increase in price. Prices increased for both common dates and scarce dates. Two random examples: from early 2010 to 2018, a PCGS AU53 1872-CC increased in value from $9,000 to $15,000, while a more common date, the 1884-CC in PCGS AU58 increased from $4,500 in early 2010 to $8,000 by the beginning of 2018.

    Large numbers of common date CC double eagles came into the market around the middle of 2018 and common dates—such as the 1884-CC—dropped dramatically in price. By late 2019/early 2020, these had dropped down to the low $4,000s. Savvy gold coin buyers, myself included, became interested in 1884-CC twenties at $4,250 if for no other reason than they just seemed like really good value.

    As 2020 came to a close, I noted an increase of around 10% for common date CC double eagles in most grades. I can easily see these coins gaining another 10% in 2021. I believe that this will also be the case for scarcer dates, especially for coins which have CAC stickers.
    "

    I think it's interesting that niche mint marks and years and conditions can see nice increases in price even while other coins in the same general sector are flat or go down in price. For instance, high-end (MS-66 and higher) 1907 High Relief's have held their value much more than lower-graded coins (I suspect that is probably true for most coins at the high-end).

    Comments welcome.....:D
     
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  3. Santinidollar

    Santinidollar Supporter! Supporter

    It depends upon what one is after. The 1907 high relief St. Gaudens is a big blank spot in my NGC registry set. Liable to stay that way for a while.
     
    GoldFinger1969 likes this.
  4. KBBPLL

    KBBPLL Well-Known Member

    Yeah, I'll stay out of that market.
     
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  5. GoldFinger1969

    GoldFinger1969 Well-Known Member

    They've been in a downdraft in most conditions for year.

    Can't say they've bottomed, but definitely buyable at current levels.

    You wonder if all the people who got into online coin collecting during Covid-19 will mark a bottom for many coin types.
     
  6. kanga

    kanga 65 Year Collector

    My 1907 High Relief St. Gaudens Wire Rim is graded NGC AU-50.
    I don't remember when I bought it but it was on the order of 10 years ago.
    My records show that it cost me $11,000.
     
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