My 1st Pre 33 US Gold Coin

Discussion in 'US Coins Forum' started by Eric the Red, Dec 13, 2021.

  1. Collecting Nut

    Collecting Nut Borderline Hoarder

    Yes it does. That’s how I ended up with a complete set of the $2.50 Indians. :)
     
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  3. Eric the Red

    Eric the Red Exploring the World of Coins

    Almost forgot the slab photos :)

    20211214_120709.jpg 20211214_115149.jpg
     
  4. GoldFinger1969

    GoldFinger1969 Well-Known Member

    The slab photos are good. In the future, try angling the coins against something at a 30-degree angle and shoot "straight-on"....should highlight luster and color without glare.

    Eric, where did you get the coin ? LCS...online auction ? Coin Show ?
     
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  5. Eric the Red

    Eric the Red Exploring the World of Coins

    Yes the European Sovereigns are great. You can find AU+/BU coins quite easily for not much over spot and they are almost all over 100 years old :)
    I like buying them raw so you can actually handle them:)
     
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  6. Eric the Red

    Eric the Red Exploring the World of Coins

    Thanks for the tip GoldFinger:) I will definitely try that tip for future pics.

    You won't believe where I got it:) I found it, in the last place anyone would look to buy one ( or would buy one) lol

    I was shopping for bullion on JM Bullion during their Cyber Week online sale. I had purchased a few gold Sovereigns from them recently (just over melt) and was very pleased. That's when I seen they had them on sale that week for only $599 or maybe it was $699 over spot. They.had a random date option in MS65 and the 1927 option in MS 65. So I took a gamble and ordered one. I figured if I didn't like it I would just return it. :)The price I got it over spot compared to the PCGS price charts seemed like a good deal, so I sad what the heck:)

    I believe JMB still has them available, but they went up several hundred dollars since the Cyber Sale.
     
  7. BasSWarwick

    BasSWarwick Well-Known Member

    Sadly they do not offer international shipping, otherwise I would be interested
     
  8. dwhiz

    dwhiz Collector Supporter

    @Eric the Red
    funny thing is I only need a Saint to complete mine. Gold Type set 12 18 19.jpg
     
  9. Eric the Red

    Eric the Red Exploring the World of Coins

    I am drooling Dwhiz. You made me drool. I hope you happy now:) Awesome array of coinage my friend.
    Truly stunning. Thanks for posting:)
     
  10. dwhiz

    dwhiz Collector Supporter

    @Eric the Red
    I wasn't going to show it, but I thought it would encourage you.
    By the way I gave my son the set after my close call with the grim reaper.
    They are all certified except the $4 Stella by the moonlight mint.
     
    Last edited: Dec 15, 2021
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  11. Eric the Red

    Eric the Red Exploring the World of Coins

    That's an incredible set! I am glad you posted them.
    If my set even comes close to that, I would be ecstatic:)
     
  12. Santinidollar

    Santinidollar Supporter! Supporter

    I like it!
     
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  13. Eric the Red

    Eric the Red Exploring the World of Coins

    Thank you Santinidollar.
     
  14. dwhiz

    dwhiz Collector Supporter

    @Eric the Red
    I favorite is a MS60 CAC which is way undegraded by todays standard. IMHO 1926 Indian Gold Eagle NGC MS-60 CAC OH 1a-horz.jpg
     
  15. Eric the Red

    Eric the Red Exploring the World of Coins

    That's a beauty! I think you made up my mind on my next big purchase.:)
     
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  16. Gam3rBlake

    Gam3rBlake Well-Known Member

    Nice one! Congrats!

    I still need a St. Gaudens myself but I’m waiting for gold to go down. Or silver to go up. A lot. XD

    This is my 1st pre-33 gold US coin.
    31477673-91E9-418B-AC47-E197F62D1BCD.jpeg
     
  17. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I believe one of the Saints threads here I have a PDF attachment of Heritage Auction commentaries and David Akers comments on the highest sales prices for various Saints up to about 2020.

    I can repost it here if enough people want to see it.
     
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  18. Eric the Red

    Eric the Red Exploring the World of Coins

    Thank you. That is a very nice 1932!
    I think the $10 piece is where I'm heading next:)
     
  19. Eric the Red

    Eric the Red Exploring the World of Coins

    Excellent, thank you GoldFinger1969!
    I'll be sure to check it out.
     
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  20. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Here's the two 1927 write-ups, I'll post the PDF later. Titles of "most expensive" or "highest graded" may have changed in last 12-18 months so keep that in mind:


    1927 Twenty Dollar, MS67+ $21,600 Jan 2020
    A Condition Census Rarity

    1927 $20 MS67+ PCGS. The year 1927 was one of high production for double eagles, with nearly 3 million pieces minted. Gold exports were also substantial this year, and through this avenue a significant number of 1927 coins survived the domestic gold recall and melts of the mid-1930s. The 1927 double eagle is one of the most plentiful dates in the series overall today, but only in grades through MS66. The PCGS Population Report records a drop from more than 6,600 coins in MS66 to just 27 pieces in MS67 (three of which are MS67+); a single MS68 coin is finer (9/19). Auction appearances of Superb Gems are comparably scarce, and we have previously handled only one Plus-graded coin -- an earlier appearance of this same example -- in the January 2016 FUN Signature. It is clearly among the finest-known 1927 double eagles, right on par with the overarching tone of the Rollo Fox Collection as a whole. Dazzling cartwheel luster engulfs bold design elements, while leaving each side devoid of abrasions. Bright wheat-gold margins surround orange-gold interiors, adding increased depth to the incredible eye appeal. Population: 27 in 67 (3 in 67+), 1 finer (9/19). Ex: FUN Signature (Heritage, 1/2016), lot 5694.

    David Akers (2008) Comments:
    After the 1924, the 1927 is the most common Saint-Gaudens Double Eagle. It is available in quantity in all grades from MS60 to MS66, and there are even several Superb Gems known. From The Rollo Fox Collection of $20 Saint-Gaudens Gold.


    1927 Saint, MS67 $25,300 Jan 2010
    Tied for Finest Certified

    1927 $20 MS67 PCGS. CAC. Ex: Duckor/Morse. There are two prime criteria of type coins, those issues that are widely collected by nonspecialists as examples of their series (or "type"). The first is wide availability. A type coin should be among the most widely available issues in the series, or else it would command a premium compared to other dates. Note that the emphasis is on availability as opposed to a high mintage; the 1927-S double eagle has a higher mintage than the 1927 from Philadelphia, yet the 1927 is far more available today and is collected as a type coin, whereas the 1927-S twenty is a rarity with a five-figure price floor. The second prime criterion is attractiveness, or the production qualities of an issue as a whole. The ideal type coin has above-average striking definition as well as pleasing luster. Often a range of dates will be found ideal for a certain series; among proof Morgan dollars, for instance, the coins from 1896 to 1898 often draw high praise.

    How well does the 1927 double eagle match the first criterion, that of availability? In a word, magnificently. Between NGC and PCGS, well over a quarter-million examples have been certified, a testament to the coin's current availability. Such was not always the case, though, as the vast majority of the known 1927 double eagles once were locked away in overseas storage, and repatriation from Europe is the greatest known source of the coins. An examination of pre-1960 auction listings is instructive; the earliest auction record in the David Akers United States Gold Coins reference, the 1941 Dunham Collection sold by B. Max Mehl, is listed in the catalog as "very scarce," and Stack's used an identical phrase to describe the issue in 1944 for the J.F. Bell auction catalog. The impact of 1960s repatriation is especially noticeable in the auction records compiled by Akers: The trickle of auction appearances in the 1940s and 1950s, fewer than one a year for each decade, turns into a steady stream through the 1960s and then a torrent in the 1970s.

    As for the second criterion, attractiveness, the 1927 once again comes out a winner. In Heritage's offering of another great collection of Saint-Gaudens twenties, the Phillip H. Morse Collection of Saint-Gaudens Coinage, the cataloger wrote that "examples of the 1927 double eagle are invariably sharply struck, with bright mint frost or smooth satiny surfaces." The two luster qualities are prized, each in their own way, while the sharpness of strike meets more universal acclaim. Akers writes:

    "Only the collector searching for a 'wonder' coin, i.e. a near perfect specimen, will encounter any difficulty locating a 1927 to his or her liking."

    With one glance at this magnificent MS67 coin, it is obvious that Dr. Duckor did a great deal of searching in finding just the right coin, choosing the best of five examples from the Phillip H. Morse Collection. Superb Gems are, if it can be imagined, genuine condition rarities; PCGS has certified only a baker's dozen (10/11). This gleaming coin embodies quality, from the stark cartwheel luster rolling across each side to the orange colors splashed through the centers of otherwise pale yellow surfaces. The coin has only two interior flaws worth mentioning, a tiny mark on Liberty's raised knee and another below the N of IN on the sun disk; these permit identification with the Morse coin. An ideal selection as either a bedrock type coin or, as in its last two collection appearances, an example that makes a commonplace date extraordinary. Ex: The Phillip H. Morse Collection of Saint-Gaudens Coinage (Heritage, 11/2005), lot 6692, which realized $18,400. From The Dr. and Mrs. Steven L. Duckor Collection.
     
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  21. Eric the Red

    Eric the Red Exploring the World of Coins

    Thank you GoldFinger1969. Excellent info:)
     
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