Are Double Eagles Easing Back Down?

Discussion in 'Bullion Investing' started by Randy Abercrombie, Aug 27, 2021.

  1. Al Kowsky

    Al Kowsky Well-Known Member

    Randy, You're right about the "liberty cap on a pole", but I'll go a little further ;). The liberty cap dates back to Greek & Roman mythology & was used as a symbol of freedom for slaves who did achieve freedom. It's been used on a number of ancient coins, the most famous being the aureus & denarius issued by Brutus after he & Cassius plotted the murder of Julius Caesar.

    Roma Auction XX, Lot 463.jpg
    The-Immortal-Ides-of-March-Denarius-Coin.jpg
    The gold aureus pictured above recently sold for over 3 million dollars :jawdrop:! The liberty cap as a symbol of freedom was revived by French artists during the Neo Classical period, & American artists copied it from them.
     
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  3. Al Kowsky

    Al Kowsky Well-Known Member

    There are no existing records as to how many U.S. coins were melted down :(, but lucky for us many people held on to their gold coins :happy:. Many U.S. gold coins were sent overseas, especially double eagles, & those coins never circulated.
     
    Last edited: Aug 28, 2021
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  4. Collecting Nut

    Collecting Nut Borderline Hoarder

    The number minted is just that. Melted is not deducted. I don’t think they even consider tracking what was melted, at least by date and mint mark.
     
  5. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    The number minted can't vary. That number is a fixed number for the ages.

    The number still existing is another number altogether. Still existing would include the reduction for those melted down to bullion.
     
  6. FryDaddyJr

    FryDaddyJr Junior Member


    the liberty head double eagles were also minted in the 10 of millions per year. not scarce are they?
     
  7. baseball21

    baseball21 Well-Known Member

    It would be impossible for them to do it. All you can really do is guess based off how often they appear etc which would be more work than they want and not really that accurate anyways
     
  8. Gam3rBlake

    Gam3rBlake Well-Known Member

    I hope so!

    I’ve wanted one for a long time but can’t seem to find one for under $2,000. :(
     
  9. Gam3rBlake

    Gam3rBlake Well-Known Member

    Where do you buy MS62-63 for only $200 over spot?

    Id buy one right now.
     
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  10. Al Kowsky

    Al Kowsky Well-Known Member

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  11. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Yesterday there was a thread where a fellow traded $1750.00 of junk silver for a very nice St. Gaudens. Wish I was computer savvy enough to do a link.
     
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  12. Jim Dale

    Jim Dale Well-Known Member

    I bought the MMIX Ultra High Relief Gold Coin (XXIX) some time around 2010. I don't remember what I paid for it. The coin was purchased around 2010, and I think I paid about $1,300 for it. It had been graded. It came with the USM shipping box and the display box the Mint included with the coin. It had been graded by PCGS in 2009 and the owner did not like the grade. At the time, I didn't know much about gold coins, but I really liked it and I felt that even with the PCGS grade, it would pay back the money I paid for it and more. Like I said, I was a newbie in 2009. What was the grade, you say? Many collectors would take a pass on an MS68, but I didn't. It was nice to see what the grade was before I bought it. The seller has always offered to buy back any coins I buy from him.
     
  13. FryDaddyJr

    FryDaddyJr Junior Member


    He posted a link. Did you buy it?
     
  14. Mac McDonald

    Mac McDonald Well-Known Member

    I'm way too picky and certainly not rich enough to buy anything of "RANDOM"...sight unseen of the actual coin, et al. Beware.
     
  15. FryDaddyJr

    FryDaddyJr Junior Member


    they're graded and from apmex. I think you'd get what you paid for, this isn't a rare coin
     
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  16. fretboard

    fretboard Defender of Old Coinage!

    I would never buy "sight unseen", I'll leave that buy to others! :D
     
  17. FryDaddyJr

    FryDaddyJr Junior Member


    you could send it back.
     
  18. fretboard

    fretboard Defender of Old Coinage!

    Yes, I know that much but I prefer to see what I'm paying for before I buy it. Besides, I prefer a Saint Gaudens. Safe enough buy, I mean they're slabbed and all just not for me. ;)
     
  19. Gam3rBlake

    Gam3rBlake Well-Known Member

    Oh I wanted a St. Gaudens.
     
  20. Gam3rBlake

    Gam3rBlake Well-Known Member

    I bought a sight unseen MS63 $10 Indian Gold Eagle and an MS61 $2.50 Indian Quarter Eagle.

    Funnily enough it was from APMEX.

    The $10 didn’t quite look 63 to me but the $2.50 looked better than 61. Both were PCGS graded.
     
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  21. Gam3rBlake

    Gam3rBlake Well-Known Member

    Sight unseen isn’t too bad if it’s also graded by a TPG. Especially PCGS or NGC.

    I bought a $10 MS63 Indian & $2.50 MS61 Indian and the 63 wasn’t too great but the $2.50 was fantastic.

    However both of them were well within the graded so I didn’t mind buying unseen.
     
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