Common date saints good alternatives to bullion

Yes they do, I've bought from Liberty myself but it's been awhile, I'm a bit short on foam!

 

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I think the concept is pretty solid, you can get just about 1 OZ of GOLD buying low grade raw common date saints after all your just after the GOLD content.

 

I just bought from Liberty coin on eBay. I also buy from mbarrcoins on eBay which may have slightly lower priced dependent what it is.

I bought some 1/10 ASEs ... these things are small. Gonna stick with larger ones.

 

Absolutely, larger coins usually means larger savings!

 

At FUN 2020, I bought a 1915-S MS-63 for the price of spot gold, maybe a $30 premium when gold was about $1,600. So maybe a 5% premium accounting for the 0.9675 ounces of gold.

I sold it last year and the OGH helped me get close to a 15% premium to the spot price of about $2,000/ounce !!

 

You have to. As a novelty item or a 1-time purchase, they're OK. But the premiums on the 1/10th or 1/20th ounce gold coins can be 40%. And you won't get it back in all likelihood if you need to sell and gold is at the same price.

 

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Oh I know that. I haven't bought gold since it went above $1500 or something like that.

I bought it for $238.67 and spot at that time was $2,023.31
I was thinking of buying a tube of 'em just for "novelty" in a way.

The only small gold coins I have are stuff like the 1917 McKinley gold dollar that I bought at least 8 years ago and other $1, $2.50 gold coins (plus normally the 1 oz for stacking). I've never sold any gold (only sold silver), going back to the 1980s so I'm not too worried about premiums at this point. Plus, who knows when I could kick the bucket. I still have to buy a 3/4 oz Kennedy which is on my short list which I held off when spot was $800 and was hoping it would lower ... oops.

 

I didn't realize until I put it on my inventory sheet that I bought 1/10ths in the past back in 2017 when I bought them for $143.23 / $1253.09 oz spot. So premiums are a short term concern and as long as you're not paying stupid high premiums one should be fine if they are in it for the long term (as long as spot doesn't crash).

 

Demand strong for common date Saints whether for type or investment. I Sell a number of Slabbed pieces MS63-MS65 from my table at shows around CDN CPG. Attractive coins with super luster move quickest. Many new investors with fresh money pursuing US Gold Type Coins. Another strong area slabbed Oregon Trail Classic Commems. Demand strongest for brilliant pieces with super luster. San Diego issues also strong sellers.

 

The value is definitely there I own allot of saints as well as liberties and and will continue to buy those two issues as well
as some bullion as well

 

It depends who you're dealing with, as I guarantee a full price return, with a premium!

LOL I've never had a return, when selling quality!

 

I have to check my records -- not sure I even have the dates -- but I don't recall ever buying 1/10th ouncers for LESS than like a 40% premium.

Now....for most of that time gold was rising as I think the time period was 2009-12. It's possible that the premium falls when interest in gold is lackluster and the price is either flatlining or dropping. But I have never gotten them as cheap as what you paid when I got them from my LCS.

Nice job !

 

Great and interesting observations. Can you elaborate a bit more on them ?

Type or Investment demand on the rise for Saints....who are these "new investors" you are talking about, are they just new CUSTOMERS or have they told you they just got into coin collecting.....surprised about Oregon Trail coins, very niche and specific.....what are San Diego issues ?

I had to sell my 1915-S OGH last year and I bought it for spot gold at FUN 2020 and got a 15% premium on the sale so you are definitely correct on rising demand for the investment source of Saints.

 

As the story goes the less GOLD you buy the more premium you will have to pay.
and that’s a given.

 

Here is a PR69 DCAM 1/10 oz. PROOF Gold coin purchased @ $265 today for considerably less than a 40% premium:
https://order.ebay.com/ord/show?orderId=06-11254-22934#/
What silver coin in that condition/mintage, which would come even close in comparison?
I believe none!
JMHO

 

Maybe at the price of gold when you wrote that post... but as my experience at FUN 2026 showed, with the much higher price of gold today, you can get MS-64's pretty much at spot gold, certainly MS-63's even with CAC.

My experience has been that you start to see really "ratty" coins at the MS-62 level and below (from 62 down to 60).

 

Hey, you are picking on my magic number: MS62! I go for MS62 as a safe bet against the supposedly awful gradeflation among TPGs, but I have to admit a couple of my MS61 Indian Head gold coins have more dirt than I'd like. That said, I have some bright yellow gold coins around that range too. (Since this is a Saint Gaudens thread: I did pick up a nice MS63 a year or two ago for just a bit more than spot).

Regarding silver dollars, MS62 is perhaps the most underrated grade in the hobby. You can find absolutely stunning blast white coins that look much better than potentially more expensive MS63s and MS64s. So at least with silver dollars, MS62 has some underappreciated specimens.

So to the Peace dollar fans: do not ignore the MS62s!

 

I have always been a fan of AU-58 coins but not so much of MS-62. My mind has changed a bit over the past two years. I have sold several coins graded MS-62 at auction and they brought really strong prices. I think I missed out on some nice coins.

 

Yes, I have noticed there has always been an AU58 tilt in this forum, given that many can look better than MS61 and MS62s. So it's been mentioned numerous times that nice-looking AU58s can be priced higher. Well, the same reasoning applies to MS62: individual pieces can blow MS63 and MS64s out of the water. As prices rise, MS62 is the new MS63 for numismatists looking for deals (again, not all MS62s have eye appeal, but when they do they do).

Given that this is a gold thread and I don't want to derail it, I'll add that getting an MS64 at or near spot for a Saint Gaudens sounds like a great deal for those with the money to spend.