Saint-Gaudens Silver Commemorative

Don’t feel bad about what you paid. It’s not like they ripped you off like HSN does.

First of all it’s a PF70 so that makes the price jump compared to the same coin in PF69.

Then you have to account for $15 or whatever grading fees.

Buy what you like . Not everything has to be about being able to make a profit.

I just paid $230 for a 1/10th oz American Gold Eagle though even though spot is like $175.

But I liked it so I bought it.


I like to think about it like how people buy cars. You know when you buy a car it’s going to lose value the moment you drive it off the lot. But people still buy them anyway. They don’t think to themselves “Darn I can’t flip this for a profit so I don’t want it.”

That’s just my humble opinion.

 

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it's not bullion though.

 

If silver ever goes to $250/oz, I'm in the black regardless of the numismatic value !!

 

When I buy I automatically think what can I get on the other end, even if its something I like or numismatic.. thats the way I am wired I collect to sell but never sold a penny but been going through the short 9 years of collecting coins and wonder what hell was I thinking when I got some of these junk coins trying to get one of everything I guess ...

 

I bought one a couple of years ago. I thought it was beautiful, so I bought it. I didn't do any research one it and the shown above is the first other than mine. I'm not sure about the difference between the coins. Mine is graded Gem Proof and yours is Proof 70. Why the difference in grades?

 

Which coin we talking about, Jim ?

As for the grade difference....to save $$$ sometimes a bulk submitter will just ask that "Gem Proof" (MS65) be given to the coins. It's possible that some are MS66 or higher, but probably not or certainly not many (he'd be losing big $$$ if he had PF70 and PF69 coins simply called Gem Proof).

So Gem Proofs are almost certainly MS65 or MS65ish....and a truly pristine coin is usually PF70 or PF69.

I have to say...I have a Gem Proof modern commemorative....I am not sure it's a PF70 but there is no way I can see ANYTHING that takes it to PF65. Maybe it's PF69 even PF68. But no lower.

Maybe a vet can chime in here.....the LOWEST PF I've got is a PF68. If something is Proof, it's highly unlikely it will get graded only PF65 or even lower. So I wonder why dealers go for that Gem Proof label unless it's a small number of coins from multiple purchases. I don't see how you could get that many Proof (or Mint State)65's straight from the Mint.

You'd expect higher numbers -- I think.

 

On second thought....it's possible that for new coins, mass-produced....there isn't much price difference between PF65 and PF67 or even PF68. It could be the big price jumps are at PF69 and PF70.

So you might not lose much by getting Gem Proof for PF65-68 coins.

 

and its a Proof 70 UC. Can't do better than that! Nice coin

 

Here's a Gem Proof I have.....now, does this thing look PF65 or PF68 and higher ?

 

At least you didn't have to pay tax!

 

For these Moderns, anything below PF 69 is often viewed less favorably on the market (tends to sell at a discount). So while a Gem Proof is technically at least a PF 65, many could be PF 68. Dealers opt for these since it's cheaper in bulk to have the "Gem Proof" label and something that is PF 65-PF 68 would likely sell for about the same or less.

 

Thanks dddd....as I said in my Second Thought, I realized what you wrote above.

Like you said, the real value in moderns is only at the PF/MS 69 or 70 levels.

FWIW, I showed pics of 2 Saint Gaudens modern commemoratives, one PF70 the other Gem Proof (see above). I don't see any flaw in the Gem Proof that would drop it below PF69, and it looks like a 70 to me.

 

I am curious as a cat (Her name is Honey and she's my guard cat. Anyway, I went to my 2021 Red Book and sure as shootin', It says that GEM PROOF is equivalent to a PF65. I bought it from an online dealer. I can't remember what I paid for it, but reading the Proof information on the Red Book, it has a bunch of PF** grading information. I thought since it wasn't made at the Mint and wasn't subject to the grading scales of ANA, that it was just they're way of grading "PF70". Well I learned, and I still like the "coin". I wonder if there are many still out there.

 

That's what I thought too. In my earlier days, when I started collecting, I got the 2009 Ultra High Relief Double Eagle for $1,300. I didn't know much about some of the grading, but the coin graded MS68. I mentioned that to someone on the CT and was told that if it's not a MS69 or MS70, it wouldn't get much more than I paid for it. I don't sell my gold coins especially slabbed ones, but I kept quite about it. I know ya hafta be honest with people, but I didn't ask for any opinions. I just wanted to show it off because I really like it.

 

That sounds about right, Jim, but don't let it discourage you. I have a 2009 UHR and it has a tiny tiny blemish and would probably grade MS68, too.

I do want a 69 or 70 or even 70 PL -- and I'll pay up for one, graded, when I have the $$$. Could have got one at FUN 2020 but the prices weren't good and I bought some Saints and moderns instead.

 

@GoldFinger1969 some (like your example) will have no visible issue and very well could grade 69 or 70 if cracked. Given how many of these are graded all at once, it is easy to see a grader be too harsh or too lenient on some.

And @Jim Dale there is nothing wrong with a 68 grade. The market discounts them but if there is nothing visibly wrong with the coin and it's for your collection, why worry? Enjoy the coin as-is.

 

What's funny on those 2 slabs I posted a bit earlier is that I never really noticed the solid white one which I generally dislike -- because the coin is so nice. I really don't like the solid white ones when I have a Morgan or Saint -- you can't see the edge, it's too solid for me. I like to have the coin held by prongs, I guess.

I like the 4-pronged one they have now for the Indian Head. Wonder if it toally replaced the solid one for the ASG Commemorative UHR.

 

They might have...it's interesting that your UHR is a later date (2018) than the Indian (2017) but has the solid white holder (no prongs). I've seen 2020 UHR coins (like the Mongolia Majestic Eagle) in holders with prongs.

 

Here's mine, not really but it's all I have in Silver! I won't say his name though, I wouldn't want anyone to have a conniption fit!

 

I wonder if that was an actual model for the 1907's by ASG ?

I have to check my Burdette SAINTS book. He has all the UHR/HR prototypes. Also probably in RoAC.