Are Double Eagles Easing Back Down?

I like common date double eagles. For years they have satisfied the numismatic side of me while also appealing to the stacking side of me...... I haven't purchased a double eagle for quite some time. Once they went upwards of $1900.00, I stopped buying as I personally don't see any upside after that..... The few times I looked into them this last year, I was seeing them in the $2200.00-$2350.00 range..... Today I am perusing the Great Collections email and I am seeing common date double eagles in the $1900.00-$1950.00 range... Now, these are active bids. I am not savvy enough to research closed bids.... But it seemed to signal to me that double eagle prices are easing just a bit. Or is that wishful thinking on my part?

 

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Wishful thinking I think. Maybe because it’s your birthday. Hehehe

Being gold and common dates their price is tied to bullion pricing. Just a minor drop for the time being.

 

Well, current melt is $1759, so those prices seem reasonable

 

they're not especially expensive, less than st gaudens

 

A St Gaudens is a double eagle, isn’t it..?

 

It is in my book.

 

St Gaudens & Double Eagle Libertys still $100+ more than 2021 AGE at the LCS around me. Before covid, shops had them at spot, to +$20 for BU.

 

Keep in mind an active bid of $1900 means $2100 after 10% buyers premium (more with charge card).

Common 62 Liberty's seem to be around $2100-2300 at the dealers I watch. Common Saints in 62 around the same. I just checked GC archive and a 1924 MS62 went for $2124 all in on 8/15/2021. A 1904 MS62 Lib went for $2070 all in on 8/1/2021.

 

What does your screen shot prove..?

https://en.m.wikipedia.org/wiki/Double_eagle

 

Yes, both the $20 Liberty and $20 St Gaudens are Double Eagles.

 

1924 Saint CU
1950 Is this price in the neighborhood ?? or MS63 1926 or a 1925 20 Double Eagle1965.00 Oh yeah 5.00 ship on each also.. 1826.35 spot at this time

 

it was just what I called pre Gaudens pieces. My bad, I learned something

 

I like that number. Might get me back to stacking some more double eagles.

 

Randy, You're correct, & a few factors are at play . The instability of the gold bullion price is one factor & the inconsistency of grading at the TPG companies is another. Coins in the MS62-MS63 range shouldn't be more than $200 over spot. Coins in old holders are selling for more than recently slabbed coins, thanks to "gradeflation". I don't think you'll find recently slabbed $20s as nice as these two MS65s in my collection .

 

drooling....

 

Yes sir. You are right about that. Those are absolutely spectacular examples.

 

No worries. That’s why we are all here. Any twenty dollar gold is a double eagle and any ten dollar gold is an eagle when talking about pre-33 gold….. Along the lines of learning…. I collected for many years before CT and always wondered why Lady Liberty had a pole in front of her neck on 1793-1795 large cents. I found out talking with a fellow here that it was a standard carrying her cap which I thought was a bow in her hair for years.

 

St. Gaudens (in general) are relatively common hence their values tend to float with the gold spot.
So their numismatic value is gold spot plus a bit extra depending on grade.

 

This might not be the correct thread and if it isn't sorry. When the books give the number minted, does that number include or exclude the number of coins melted? It would seem to me that the common gold coins should go easily over spot since they are limited and I don't think I have seen many if any under MS 62.