BIN St Gaudens Double Eagles at Heritage with no pictures

Heritage has quite a few Saints listed as "Buy it now" from their inventory, but they don't have pictures. Is this simply because they don't have time to take the individual pictures, they have a bunch of them and you'll get a random one, or some other reason?

For example:

http://coins.ha.com/itm/saint-gaudens-double-eagles/double-eagles/1908-20-no-motto/i/960000087.s

http://coins.ha.com/itm/saint-gaudens-double-eagles/double-eagles/1922-20/i/960000088.s

 

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Most likely, you get a random year.

 

No ratings ? So basically commons in AU grade or close to that level.

 

In many cases those are MS63 and MS64 coins (not AU). There is a column where they state the grade and company that certified it.

 

I don't see any such column in the two listings linked above.

Edit: Sorry. It's in the overall listings, not the individual coin listing pages.

 

Correct. You can only see if when viewing the whole list. Once you click on an individual coin you loose that info.

The problem I see with this is you are buying the slab not the coin. You do know what year you are getting so that is a little better then APMEX random year buy.

 

Yes, good point with the "entire list thing". I neglected that info.

Click this link and scroll down a bit; you'll see what everyone is talking about.

http://coins.ha.com/c/search-result...-Inventory-Heritage-CategoryBreadcrumb-081514

 

That is the one Dougmeister. There is even an MS65 or two with no photos. BIN $1950.

Watching gold now. Almost down to $1200. I would guess the MS63 commons are going to have to move closer to $1300 then $1400. I picked up some gold over the last month but will wait to see what happens to the price.

 

Although collectors love and drool over Saints, common dates in grades 63\64 or less are mostly just "pretty bullion".

These are bought and sold in large quantities and I doubt Heritage is making enough on these to justify a better effort at listing these.

I wouldn't buy one without seeing one though.

 

I wouldn't spend that kind of money sight unseen, either. But, if gold were down to more reasonable levels (closer to the historical median price in constant dollars), I could see going for a MS63+ piece at a small premium over spot. Worst case, you'd end up with "pretty bullion" you could dump when gold went higher; best case, you'd end up with a nice type set coin. Either way, I'd be fine with that.

 

No, IMO that's actually a pretty decent numismatic, though it's below the MS-65 Gem level. Premiums for commons start to rise right at MS-64 and 65...and then go parabolic at MS-66. For rarer dates, they go parabolic 2-3 grades sooner.

There's so many of these commons that they don't command that high a premium to bullion in lower mint states. That's good !

 

@Paul M. , what is the "historical median price in constant dollars"? And do you mean "median" or "mean" (average)?

I found this, which shows the average at $627, but I just noticed that it was only through 1998.

 

I mean the median (50th percentile). Specifically, something closer to the grey dashed line in this chart, roughly corresponding to the median price of gold in November 2014 dollars since the end of the gold standard in the 70's. Because the gold standard itself artificially pegged the price of gold to the dollar, data before Nixon ended the gold standard in 1971 just don't make sense.

Even more specifically, if gold ever reaches $800/oz again, then I'm going to want to start buying gold type coins.

 

What's the NGC and PCGS 2 numbers next to Census indicate ?

Also, don't those numbers get distorted/inflated by all the re-submissions ?

 

Interesting chart, thanks !

Not only is the pre-1971 data really not relevant, but even since then I'm not sure you want to put all your eggs in one basket.

Every year you have millions of new potential buyers of gold as more and more people achieve modest financial means. Many of these people live in countries where they or their ancestors have had all or virtually all of their savings confiscated by inflation, fiat, or devaluations. These are new buyers of gold in coming years or decades. I'm not a Gold Bug, but I do know that even if a few people buy a few ounces of gold in the developing countries that is a few thousand tons of demand per year.

I agree to buy at $800 gold, but what if it never reaches that level ? What if it hits it in 5 or 10 or 25 years ? I think you buy some gold at current levels and either buy periodically OR buy ever time it drops by a level you consider significant (i.e., $100 or 5% or whatever).

You just can't set a potentially unreachable level. Imagine the people saying they're gonna load up on certain stocks that were selling at 1/10th their current levels back in 2008-09. Great idea if it happens, but if it doesn't.......?

 

Anyone know current Grey Sheet on ms65 Saints? I was just at the LCS today and they had a gorgeous 1927 fresh back from NGC. Few marks, with great color and orange peel. Price was pretty stiff at $2000 - but a real PQ piece.

 

$2000 is high for a generic MS65 at this time. The coin, if truly PQ, might be worth more, but I couldn't tell you how much without images.

 

I think the current market is about $1,750 - $1,800.

Recent Ebay sales are in the $1,700 - $1,850 range. No takers for the most part at $2K unless CAC or something really special that appeals to a particular buyer who may think it's a "+" or an MS-66.

 

Be interesting to see what happens to premiums if/when we fall under $1,100/oz.