World Coin Market is Hot ?

1933's ? I don't think so since they would have had to have gone to the Philadelphia Mint to get them and they would then have their name/order in the register/ledger. This would have been a 100% legit, legal 1933 Saint.

Anybody who got one from Switt or Kosoff or one of the other bigtime Philly or NYC dealers would be well known and easy to track down. These coins were considered "stolen" by the frauds in the Treasury/Mint.

What I think might be in some SDB's......are some of the 1929-32 ultra-rare Saints....some 1907 High Reliefs....and some other random years hopefully in high-mint condition.

It's now been almost 90 years since the last Saint was struck. Anybody whose father/mother got one and stored it in a jewelry box or SDB certainly inherited it by now AND is probably getting up there in age, too. If they haven't come out by now, the probably don't exist. Any quantities are probably very low based on longevity and probabilities.

If a grandchild (child of the 1st person to inherit) or 2nd person to inherit now has the coin(s)....they are probably young enough to know about the TPGs and the Internet and realize the value of any well-preserved coin, plus the rare dates. It's easy to track down the auction houses or others who specialize in them.

I would doubt many people in more rural or Midwestern locales would have a stray Saint, rare date or otherwise. Most of the people who you would expect to have them would be people in and around major cities like NY, Philly, Boston, etc. Immigrants and their offspring who distrusted governments and/or banks would be the ones to squirrel them away.

I wish someone had done a book with all the different stories on people who inherited these coins and their stories from the initial purchase, the hand-me-down, the trip to the auction house or jewelry store or coin shop. Would be fascinating to hear all the varied stories...but I venture to guess you'd see a few common themes.

 

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One example shows a trend. In 1945 a EF AV 40 Dukaten of Ferdinand III dated 1629 Prague Mint sold for 650 UK Pounds/ London Auction. In 2015 a VF example Adams collection sold in Triton XVIII CNG Auction for $250K. Seeing there are less then 5 known that was a smoking hot deal....
I have been going thru my last 20 years of "Coin News"/ esp. the Auction/ market trends section. Back in 2002 to 2021 the same comments/ auction records smashed/ when will the coin market crash?/ this cannot keep up.....well it has and probably be the exact same headline in 2026/2032/2040. Thus the coin you won today for 4K maybe be 40K in 2030. The market prices for World coinage will never go back to 2015/2010 levels. Reason, these coins are much rarer then US/ and the supply is never enough for an ever greater demand.
John

 

I disagree, these coins are legit. When FDR wanted them melted down, the feds where looking for the exact weight in gold. The guy who switched some of his own for the ones he kept away from the melting pot was a "hero". The State was not cheated in anyway. Had FDR been fair he would have kept 100 exs for collectors. His decree for seizing private gold coin holdings was something you might expect in the Soviet Union.

 

Nothing goes up forever -- except TSLA and BitCoin -- but even GDJMSP thinks that the world coin market is getting overheated. But I don't know that market so I won't offer an opinion.

There are so many nationalities in Europe and other countries that make these coins very local however....except ancient coins which I guess appeal to people of all countries.

 

I totally agree with you. The term "stolen" is a loaded term used by the Feds. The Langbord's deserve the coins and if I ever get a public forum to spew, I will take up their cause.

BTW, we should probably continue this conversation -- and I do LOVE this convo -- in a Saints or 1933 Saints Thread elsewhere so we don't tee off the World Coin folks.

 

I was hopeing that then, President Trump would have given the coins back to their rightfull owners. I think if a present President tried to confiscate American privately held gold coin collections, there could be a revolution. It was a "Tale of Two Roosevelts one "Teddy" created the Saint Gaudens Double Eagle/ Eagle, the other erased them in the melting pot, and look at the financial mess the US is in today.

 

Wilson had as much to do with today's mess (along with the depression) as either of them, when he created the Federal Reserve.

 

The Fed was created to modify and reduce the severity of previous recessions -- "panics" -- and by most accounts it has accomplished that goal with the exception of The Great Depression.

 

The dollar is worth less than 1% of what it was in 1913, and the country is now $27,000,000,000,000.00 in debt. If that's success, I dread what failure would look like.

 

The Fed isn't responsible for the national debt, that is a fiscal matter.

The post-WW II inflation from 1946-81 is responsible for most of the dollar's decline. Inflation has averaged under 3% a year since 1980.

 

To paraphrase Winston Churchill, the US Fed is the worst national system, except for all the other [nations']……..

 

The Fed and the US Treasury are one and the same, a two-headed monster of currency debasement. Only a fool would claim the FRB is independent, edited

 

You need to read the Fed-Treasury Accord of 1951.

They are separate.

 

Like Major League separate.

Now, do they work in concert often? Sure, as they should, but fully separate they are.

 

When the Reagan Administration commenced, there was a huge conflict between Sec. Treasury Reagan and his underlings against Fed Chairman Paul Volcker.

They could badger and pester in the press, but ultimately the Fed determined monetary policy.

 

World coin market on way up.

 

Yes it is and as a buyer I'm not too happy about it.

 

I feel your pain, unfortunately there is no end in sight. World coins 670BC to present in high quality will keep going up by 10+ percent each year. The previous 100 years 1921-2020 have seen that exact price increase. We have to face the hard facts, World coins are still underpriced according to rarity by a LOT. You can still win a coin via auction, where there are less then 10 examples known for under $1000 bucks/ try that in US sector/ where the same coins sell for $100K+++

 

Alternatively, as a long time owner, I'm happy about it.

The tide and all boats and such.

 

I think about the value of my collection, adds up to high seven figures. My motto, "keep on truckin, and stay in great shape/ good health and keep on collecting"
Many of my lawn clients think I am an idiot, for not cashing in/ I feel sorry that they are not enlightened.
John