Saint Gauden price question?

I needed to get some price help. I know that you buy the coin and not the slab and I don't have a picture but I wanted to know if the coin looks good to the eye (at least my eye) are the following prices fair for the grade and the year?
1910-D PCGS MS64 $1575
1911-D PCGS MS64 $1575
1914-S PCGS MS64 $1575

What upper and lower price range should I expect for those years and those grades?

 

Log in or Sign up to hide this ad.

I know that the 11-d and 14-s are considered "common years", at least as far as those that made it into slabs. I *think* that the 10-d carries a slightly higher premium?

You've probably already looked at the Price Guide on Heritage?

Example (scroll down a good ways)

For what it's worth, I gathered all the sales from Heritage on several MS64 Saints for the past 12 months. I did not do the years you are looking at, but I can tell you that 1924 MS64's sold for an average of $1,527.85 with a lo of $1,292.50 and a high of $1,880 (I tried to throw out CAC, +'s, etc.)

1908 NM, 1927, and 1925 all seemed a bit higher, but they shouldn't be. Maybe I'll go back and see if I should leave any others out.

Hope this helps more than hurts ;-)

 

Hard to say if $1575 is a fair price without seeing the coin itself. I'd be willing to pay a premium for a 64 if I thought it was exceptional for the grade. If I thought it were average for the grade, I wouldn't pay the premium.

@Dougmeister , gave you some good data. I'd use Heritage auction archives as a place to research pricing. I'd also use a current auction to find what the different price guides have listed for these grades. Each Heritage listing has a table with 7-9 different companies price points.

 

Over the past 12 months at Heritage, I found completed auctions for seventeen (17) MS64 1910-d $20 Saints. Maybe this will help?

 

I'd call that reasonable pricing if the coins are actually solid 64's and their eye appeal works for you. In the real world, the 1910-D seems to be the scarcest in grade or better.

 

Very nice research!

 

If compare the coins for luster strike quality and eye appeal. Sometimes you can get a really above average one for not much premium especially in the current state of the gold market

 

What do gold dealers do with expensive coins like a Saint-Gaudens $20 or even bullion when they buy high and the price falls alot ? I know that in theory a dealer doesn't want to speculate on the gold price or numismatic value, but they do need SOME inventory, right ?

So if you bought a bunch of gold coins when gold was at $1,900/oz. and then it falls, maybe you sell at a loss because bullion is very fungible at any price ? IOTW, you buy or sell at purely market prices because it will 'cancel out' in the end and you are looking to just collect a small fee per coin ?

But what about numismatics ? If you bought when the price of gold and/or the premium for a $20 Saint-Gaudens was very high and your cost is now $300 higher than market, do you just wait for the market to come back to you or do you sell lower (like maybe you do for bullion) and then re-buy new inventory at the now-lower price ?

 

Yes, that is what I used to do as a dealer or leave the coins home if you don't wanna sell near current price.

 

While you can't do that with all your coins/inventory, if you have 1 or 2 coins where you "guessed wrong" my guess is that you could wait for prices to snap back on those, right ? I always run into dealers who say they are "into" a coin for too high a price and can't cut what I see as the sticker price.

No different than guessing right and letting something go for a really cheap price at a show. A friend of mine used to be a dealer and he bought a bunch of MS-65 Saints in 1987 or 1988....the price shot up a ton in like 18 months and he was able to sell a bit under other dealers prices because he had the good fortune to buy so low. He was selling Saints $100-$200 less than others and still making a killing on each coin.

 

IMO if you want to make money long term dealing in a physical commodity like gold, in the absence of derivatives, you have to keep the money moving. So, sell at the current market price and let the fluctuations cancel themselves out.

 

Wrong!, I can wait till the day I die and I will not see these coins sell for anywhere near what I paid for them in the mid 90's. .
I was offered a $6500?? profit on these two coins before the market crashed, but I turn the dealer down.

 

Last week I bought a 1927 NGC MS64 CAC for $1425. It was listed much higher, but after hitting ebay and heritage, I narrowed down this coin out of a list of 10 and decided to contact the seller directly. I saved money, he saved money and we are both happy. Depending on the coin, I think $1400-$1600 should be a realistic range at MS64 right now for a common date. Any higher and you may be able to snag an MS65. And please note that not al MS64's are alike, so try to take as much time as you can, and ask the sellers lots of questions. You have spots and gashes to deal with, and they can be ugly.

 

Your friend is full of BS!... Why sell the coins for $200 less when all he needed to do was to sell $30 less than other dealers. I remember maybe like 2002-2003??? buying/selling PCGS MS65 Saints for $800-$850

 

Not all of them, but I know he sold a few at that discount to get a sale done or to sell other stuff. Usually, he'd undercut by $50-$100. As I recall, he was selling MS-65's for $2,000 or more, off the top of my head.

He bought HUNDREDS of coins before the big run-up. I remember because he approached me for $$$ to finance or be a partner and I passed. My mistake.....

 

That's what I thought, Paul....still, has to hurt if you guess wrong in the short-term. Probably why I never went into business for myself.

 

Very good price, IMO, considering CAC. Nice job !

 

Those were purchased early-1990's, I'll bet, right ? During the Coin Bubble when premiums went NUTS !!

You are right, even a rising gold price has never made up for the premium spike of 1989-91.

 

I paid $10890 for the MS65 $10 Lib. A common date coin hit $15,500 at its peak.

 

Just got an e-mail from my friend, he said the MS-65 Saint Commons hit $4,000 in 1989 but he never got more than $3,500...said he sold most high-$2,000's or low-$3,000 and prices were moving HUNDREDS OF DOLLARS in a week some times.