My next Saint, your opinion on grade and appearance

As long as there authentic, does it really matter where they came from ?
just saying....

 

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No, but it's part of the story of where they came from.

The high-quality of the Wells Fargo Hoard leans to South/Central America where bagged coins often went undisturbed for decades. In Europe, they moved alot more and got bagmarks, dings, and dents.

 

Then I would think they would be allot more pristine on average then the same date that have taken several trips around the block..LOL

 

I believe that by your personal selection of the Wells Fargo coins as your choice to purchase for the grade, you have shown your acceptance of a more pristine coin.

With your knowledgeable capability to select value, you have shown the coins relative quality.

I can't imagine what other parameter would force you to prefer/select those coins, accept possibly the holder design.

LOL/JMHO

 

They are...hence the high grades (even if some think they are too lenient) of the 1908 WF Hoard. Ditto the 1983 El Salvador/MTB Hoard.

Overall quality according to folks who brought them back over the decades -- like Paul Wittlin and David Akers -- has confirmed this.

 

Well you think they would be in high demand then, that 65 I posted earlier is about
$3,700 out the door and the 66 is about $4,300. not based on price but overall
appearance i like the 65 much better

 

It’s a 27 with motto not a 27 lo relief. Still a luster bomb of a beauty

 

There’s loads of high grade 08 no mottos. I remember about 10 years ago they were everywhere. Personally I’d hold out for a 65-66 with a GOOD STRIKE and a lot of luster. Like the 21 peace among other coins readily available but not common well struck. To me on a coin of this design a weak or flat strike just doesn’t appeal.

 

I went back and re read Gillio's account of the purchase of the "Wells Fargo" hoard of 1908 coins. He doesn't actually say what country they came from. He does say that they were only moved around once, when the canvas bags they had been in since a 1917 WWI transaction had deteriorated to the point that the coins were re bagged in the 1960s. There they sat until Gillio opened the bags to examine them.
I guess they could have been in any of a number of countries.

 

Thanks for the info

 

You are correct. Here is the 1907 low relief Saint I met to post.



And here the coin that Teddy Roosevelt wanted, the High Relief $20. There is a big difference.

 

BEAUTIFUL!! Mine that I've in duplicate, are my highly revered coins of that series! Even the AU High Relief is awesome, and the MS64 is what I really love most of my collection! I LOVE YOURS!!

 

Were those actual sales prices or ASKING prices ?

Off the top of my head, I believe MS-66 WF 1908 NM in an OGH were in the low-4's. A year ago when I was looking at one with CAC I think the price was closer to $5,000. Don't believe it was a 66+, just 66-CAC.

 

The problem is that the entire run seems to have weak strikes and low luster. Some better than others, but that means getting a 66, 66+, or even a 67 (not outrageousply priced relative to a 65 because of the plentiful supply at this grade).

CAC also helps ID the better ones here. But for a long time, I believe that CAC/JA did NOT sticker a single 1908 WF NM (but had some non-WF 1908 NM's). Today, there are 1908 NM WFs with a CAC.

 

I strictly buy by appearance not grade, if a coin doesn't have much distractions on
the face and surrounding areas I will favor that coin over a higher graded one
the A/U family is famous for that

 

I believe if you investigate you'll find that a graded CACed coin may regrade greater than the original.

This is especially true if the CAC "bean" is gold colored.

JMHO

 

Love those hi relief saints. Absolutely a beautiful coin

 

Anybody got a 1908 No Motto Wells Fargo.....MS-66 or MS-66+, CAC, or OGH ?

Considering getting one if I can swing the $$$. Would love to stretch for a 67 but just can't do it now.

 

I have yet, bought a Saint Gauden Gold One Ounce coin. I have a set price in my mind and believe that if I watch close enough, I will find one. I'm 74, but I am still patient. If I do buy one, it will have to be MS65 or better and under $3,000. Wishing doesn't cost anything. Meanwhile, I buy my gold from the Mint, even though they are a bit overprice. I'm betting that gold will go down enough that I can buy one for my price.

 

I suspect you can't afford the C.D.N. Greysheet $5560 wholesale value for a true Grade CACed coin either, but I've posted some with scratches, bag mark and severe bag rub that you probably afford at around $4000.

Your probably better off with an Abused MS65 that some would estimate a value around $3000.

JMHO