Buying a Gold Eagle

Hello,

I'm looking to buy a 1915-S $20 Gold Eagle PCGS MS64
from Fast Coin for $1,895.00.

I don't know how the worth of a coin is figured above the spot
gold price. Could I get an opinion whether this is a good price?

Thanks


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Here is the link for the PCGS price guide (prices are a little high, you should be able to buy for 5 to sometimes 10% less, but not in all cases).

http://www.pcgs.com/prices/default.aspx

They list the retail price of your coin at $2410 ... so it sounds like you are getting a good deal!

 

That does sound like a good price for that coin but I'd be cautious because of the dark spot just above the 4rth ray on the right obverse.

 

Yeah, I checked the Numismedia price guide and the coin in the condition you state is well above the $2000 mark. Remember, we buy these based on collectability. Collector coins are going to command a certain premium over spot. $300 and change over spot is not excessive (MHO) in regard to an St. Gaudens.

 

What? Where you seein' pics?

 

Just google Fast Coin, click on their website and go from there. Sorry I was looking at the '14-S. The '15-S looks great. They don't call me confused for nothing. lol

 

Gottcha Alf. It is I who is confused......LOL

 

Hi,
Thanks for your reply. Did you look at the 1914-S that has a black spot?
http://www.fastcoin.com/product_info.php/cPath/214_117/products_id/15852

I don't see a black spot on the 1915-S

 

Here's the coin in question ... looks nice!!

 

Much better pic than I could pull up. Lookin' nice....

 

Thanks guy's, I did purchase the coin. Now we'll see what happens to spot.

 

I like it - some ms64 Saints are really hacked up.

 

Congratulations on your purchase. You did very well!!

 

Just to clarify, a $20 gold piece is a Double Eagle. (An Eagle is a $10 gold piece.)

 

Just googled the WHY of that term ...

Double Eagle is a terminology used for US $20 Gold Coins. The first double eagle coin was minted in the year 1849; this release date coincided with the California Gold Rush. In that year only one piece had been produced which is now currently kept in the Smithsonian Institution located in Washington DC. In the year 1850 regular production of the Double Eagle coins began.

Before the release of these $20 coins, the "Eagle" coins stood with a denomination of $10, they were at the time, the largest face value coin in US. The production of the $10 Eagle coin began in the year 1795; this was only two years after the US mint opened.

The $20 coins were twice the value of $10 hence they were named Double Eagles.

 

Hence Half Eagles ($5) and Quarter Eagles ($2 1/2).