So a quick question....would this be worth it to purchase... If it's ok to ask this here.. already have my entry post up... But, am curious as to what you guys think in here... It'll cost per it's weight.. $1,800+ and actually best the weight cost by $4... Hahaha... The signature is of the Retired Engraver and they have these available elsewhere with THE ACTUAL Engraver.. but since it is a supposed graded coin at MS70.... Just like to know what The "SMART GUY" would do!? LoL
The smart guy would see in the latest coin world listing that the 2019 no mintmark $50 AGE is a Bullion piece and in MS 70 slabbed retail is $2,300. If you want to sell it at some point down the line the price of gold would have to rise accordingly to realize a profit. Also the fact that the advert says ultra rare is misleading as it is not, so something to think about as well. You might be able to store wealth but invest the $2,300 in something else if you want an investment. IMO.
I tend to agree. While I don't do much if anything with modern bullion issues like this, I do know they tend to be heavily hyped. Aside from the fact that it's a nice big piece of gold, and flashy, this does nothing for me. I'd rather buy a historical gold coin for that kind of money.
I am with @lordmarcovan and would purchase the pre-33 St Gaudens. It is my favorite design and I do own one modern example, but given my “druthers”, I would stick with the pre-33 gold. I believe numismatic value is a better purchasing option over the glitzy holders.
If you can buy it at spot + a premium of less than $40 then that is a fair price. Beware of any other stipulations. No mater what the add says, it is just a bullion coin that they made thousands of. I would buy it as a bullion coin at spot but I'm not an autograph collector so the signature doesn't mean nothing to me.
I would say it might state $2300 is retail for a MS70 piece, but I will tell you when you got to sell its an ounce of gold. I actually own similar items, MS 70, special signature, pretty label, blah blah blah. I paid right at melt for them FROM A DEALER. He surely paid less. Yes, I get good deals from this dealer because I pay cash immediately when he gets such stuff in, but I do not think I am unusual. Most modern stuff like this simply has no secondary demand. No one collects them by special signatures, MS 70 etc really. Most demand is simply for the gold. Since its slabbed I would pay slightly more probably because I am more comfortable its real, but everything else on that slab really adds no value to most people. If YOU like it, if YOU wish to collect it, go ahead. I am just being real about resale value.
Spend your money on the 2020 75th anniversary of WWII Gold eagle and roll the dice on getting one of those from the mint if you are gonna do something like that. At least the 75th anniversary of WWII gold eagle is limited to 1945 pieces and absolutely will be a rarity with a mintage like that. Goes on sale on the u.s. mint website, Nov. 5th at 12 noon. it will sell out quick. Whether it's a PR69 or PR70, really won't matter much with less than 2000 examples existing. No idea what they are charging for it, but the regular proof gold eagle is $2,575.00, it will be more than that I am sure.
If it was rare they’d have no need to pay money and mail flyers telling people how rare they are and that you should buy theirs. My opinion and good luck.
I agree try your luck for the V75 AGE coming up. Assuming you don't win one, you can buy a relatively rare date St Gaudins in PCGS MS63 for about $2000. Dates like 1909 and 1911-1914. All with mintages under 200,000 (1914 under 100,000). These coins have age, beauty, history and rarity. Why buy a modern imitation for the same money even if the slab says MS70? Cal
I remember I had a relative that used to get flyers like this. Every once in a while they’d actually send him a good deal that he wanted to buy. So he’d call them up and a couple things would happen. They’d either tell him “we’re sorry we are sold out, but we do have this other rare coin for only $3k in stock just for you”, or they would take his credit card information and they would never process the order and he would never get it. The coin they wanted to upsell him was way overpriced, like worth $2k instead of $3k. And I think the other times they never processed the order he’d call them back and would get some excuse on why it wasn’t sent, or they would say oh yea we’ll send it, and they STILL never would. He did this more than 1 occasion and it was very unusual for him to get what was advertised. Someone has enough money to send out slick flyers to thousands of people on a mailing list and I’m sure it’s not because they’re losing money. I think it’s good you reach out and ask the community. There’s a lot of people that don’t and find out after spending way too much money just how bad they got burned. If you want to dabble in expensive coins it’s best to go to a coin show and see what the collectors buy and look around. Other coin shops have inventory online where you can just add a coin to your cart and buy it like anything else online. If you want you can message, or maybe request someone message you for places to look online. Good luck.
Do you have any of those dates, know of a sales source at your stated value? I have buyers! Thanks for the offer!
Look at auction prices realized for the coins on the PCGS auction website. You'll see most recent prices for these coins in different grades and the auction houses that sold them. Dealer prices are almost always significantly higher. Cal
