Premium on common double eagles

I was wondering what the going rate for a common liberty head or saint goes for now a days. How about a common grade in ms63? Thanks for response!

 

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These guys have always treated me well......






$20 gold available – low premiums


Gold Eagle is selling today for $2048


$20 Liberty 1897-S NGC MS62 $2125

$20 Liberty 1895-S NGC MS62 $2125

$20 Saint 1924 NGC MS63 $2150

 

That has allot to do with where you buy
your GOLD, if your looking for the best deal
I would recommend Liberty Coin in Huntington Beach, CA, I have found they
offer the best price on liberties as well as
Saints and yes even on bullion, and they
offer quick shipping 3 days to Las Vegas
which is outstanding !! I also like APMEX
However there a bit more pricey but offer
a better selection, the turn off for me is
the ridiculous shipping times up to two
weeks which is unacceptable

 

Premiums have dissipated as gold has nearly doubled since this thread was started.

Common coins with somewhat of a condition rarity -- like MS-65's for 1924 Saints --have fallen from 20-25% 5-6 years ago to 10% or less.

 

I would actually have a 24 Saint over an equal value bullion coin any day of
the week just allot of history there

 

Stack's Bowers Galleries daily Gold Fax sheet is the only way to keep your fingers on the pulse of the market. Free subscription will have it sent daily to your inbox. During times of high volatility they send it out multiple times a day.

The compression in premiums has been staggering. Common date Saints in MS64 now commanding a massive $10 a coin premium over an MS63, which is only $5 better than an MS62. Wasn't that many years ago when an MS64 fetched a 25% premium over an MS63. Those days are long gone, and the only chance of them ever returning is if gold heads to 6 figures and there is such a massive melt-down of coins that some marginally better dates (1911-D, 1915-S) actually become scarce, especially in the better grades.

 

I'll have to subscribe. Sounds like a good source of information, thanks PoW !

That's interesting, I usually just track them in Gem Quality (MS-65) or higher vs. spot gold. Good to compare grade increments, too.

I bought a 1915-S in MS-63 at FUN 2020...basically paid what spot gold was at, so figure a 3% premium adjusting for the actual gold content in a DE. It was in an OGH, too.

When I sold it about 2 years ago, gold was about $2,000 but premium erorion really hadn't begun since we had been at that level a few years earlier...in fact....I actually got about 15% over the spot price adjusting for the gold content !

 

Turns-out for a lot of gold coin collectors, the adage "buy the best you can afford" has turned into horrible advice. Buying $10 Indians in AU53 at a 25% discount to MS62 now looks like a stroke of genius since they are now essentially worth nearly the same dollars.

 

Yes, on another forum a guy mentioned that he paid about a 100% premium for $5 Half-Eagles (commons for the most part) about 10 years ago and today they are at maybe 10-15% higher in price even with gold more than doubling.

Premium has totally evaporated.

 

I'm still trying to get my head around the idea that the gold value of a double eagle has gone up by $60 today. So far.

 

Yeah, I presume the price of gold has more than doubled and gone up by about $2,000 in 3 years which is a huge move. I don't think many of us thought that back in 2020 or 2022.

A poster on another Forum did buy a bunch of $5 Half-Eagles and after paying a 100% premium to gold back in 2015-16.....they are only 10-15% higher in price despite gold having doubled.

I see it with Double Eagle Saints....my #1 target for FUN is "only" up about 25-30% (I hope !) despite gold up 130%.

The huge runup in gold in both percentage and absolute terms has really eaten into premiums.

 

Recently sold a 1916-S Indian $5 in PCGS AU58 and received only melt for it.

 

should have shopped around for a better price ,seems way to low to me..

 

Correction. I got $29 over melt for it. Was part of a group of (19) US gold coins. There was a pretty nice 1877-S Type-2 Double Eagle in AU58 that went for just a little over melt too. The rest all very common date, 1893 Eagle, 1924, 1925, 1928 Saints... etc. 1904 $20 in OGH MS63 was probably the nicest coin out of the group.

 

Before this bull market ends, I expect you'll see an up $300 day. Maybe a 20% rise in a few days/week.

 

Do you recall what you paid for it and what the price of gold was at that time ?

 

$600 in 2013. Gold started 2013 above $1,600 and ended near $1,200. Got $870 for it with gold at $3,538. Pretty horrible return for 12 years of waiting. Spot gold may well go off the charts from here, and there's plenty more in the collection. Sold what I did to raise cash. Could have sold stocks, --I have a nice position in Coeur Mining that has doubled in less than 2 months. But how do you sell off the top performing stocks when there are coins in the collection that have done nothing for a decade even in the face of a screaming gold rally? Dump the losers and keep the winners has always been my approach. I've made out much better with world gold coins, the cheap ones were bought near melt anyway, and the better pieces are high grade low population or in some cases finest known. The really rare stuff has done pretty well. That's been the problem with US gold all along, it just isn't very rare, much of it not even scarce.

 

Yeah, so about a 50% premium paid, depending on when you bought in 2013 (as you said, gold was falling 15 months after the late-2011 peak).

Yeah, it happens...that's why you can never consider either numismatics or even bullion as "investments" even thought right now the returns over 5, 10,and 20 year periods look pretty good. Using rolling time periods (to eliminate timing bias and recent up-moves) gold and PMs are less impressive.

Mining stocks will DEFINITELY go down more to the downside if gold corrects downward....definitely they are more leveraged plays.

The coins clearly were the victims of the premium being eroded. Ironically, if gold goes down, numismatics have downside protection as the coins shouldn't fall dollar-for-dollar with bullion.

I agree with your "keep the winners, dump the losers" but not sure it applies to cyclical investments like PMs/gold where down cycles can last years or decades.

Yeah, GDJMSP has said this for a few years....he's made some great calls........said that world/foreign coins were the place to be a few years ago (still like 'em, GD ?).

I don't know if it's because the coins are rarer or because they were undiscovered for so long and/or because there are much more (world) buyers than there are domstic U.S. buyers for U.S. gold and silver coins.

 

One of the driving factors in precious medals prices is "war" and around the world we have plenty of it going on and as long as tensions are high your going to enjoy higher then normal prices, and have always been told that GOLD is a fearmongering
product.

 

The biggest group of world coin collectors is actually in the United States. Analysis I read back in the spring was that owners of world coins in the US would be one of the few net beneficiaries of tariffs since it would become prohibitively expensive to import anything. The other winners would be coin buyers in Europe who would no longer have to compete with Americans to acquire coins. There's been a lot of conversation about whether tariffs apply to coins; myself it sounds like it's more trouble than it's worth trying to buy something overseas then learning the tariff ropes. I've been a world coin collector from the get-go, all the way back to 1984. Better designs, vastly more rare/scarce in absolute terms, fewer collectors competing to acquire them, and generally closer to bullion value for many of the issues, even from the early 19th century. And then there is history associated with many of them, there's a ton to learn about the circumstances surrounding the coins when issued.