1927-P St Gaudens: Should I get it graded?

Discussion in 'What's it Worth' started by Clens, Jul 3, 2016.

  1. Clens

    Clens Junior Member

    Hello all,

    I don't often post as I'm more of a lurker on CT, but I'm pretty useless when it comes to grading (or guessing the grade) of US coins.

    I bought a 1927-P St Gaudens: I'm not into it for much; I'm actually into it for less than spot because Pounds Sterling crashed, and gold rocketed in the UK.

    My question is... Is this coin worth sending to the US for grading by PCGS / NGC? With gold so volatile, I will have to minimise my stack's exposure and would be looking to either 'up-value' through grading, or sell to a bullion merchant and bank a small profit.

    Thanks in advance, Clens.

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  3. Insider

    Insider Talent on loan from...

    I wouldn't bother. In the condition your coin appears to be you'll just be adding to your cost w/o much chance of return. The spot price of gold is going to have more effect on your coin than its grade.

    I would hold your coin until one ALREADY SLABBED comes along and trade the raw coin + cash for the slab. That saves a grading fee and shipping cost!
  4. jwitten

    jwitten Well-Known Member

    Trade the raw PLUS cash for a graded one? Then how does that save grading fees, etc?
  5. Insider

    Insider Talent on loan from...

    :rolleyes: OMG :facepalm::jawdrop::inpain::wacky::wacky::arghh::banghead::banghead::banghead::bucktooth::bucktooth::bucktooth::rolleyes::rolleyes::rolleyes::eek::confused::confused::confused::confused::stop: and not necessarily in that order! :hilarious::hilarious::hilarious::hilarious::hilarious:

    Happy Forth! @jwitten

    EDIT: Bigmoney agrees w/you! :hilarious::hilarious::hilarious::hilarious::hilarious: Would you like to trade me a few coins for her?
    Last edited: Jul 3, 2016
  6. Markus1959

    Markus1959 Well-Known Member

    Is that you Doug?

    Seattlite86 and Clens like this.
  7. Markus1959

    Markus1959 Well-Known Member

    Go FORTH

    Happy FOURTH
  8. Omegaraptor

    Omegaraptor Gobrecht/Longacre Enthusiast

    Don't know.

    Some people say to get all old gold slabbed due to the prevalence of VERY good fakes made in Lebanon in the 60s and 70s.

    Some people would say not to get this one slabbed because even though it is a four figure coin (USD), most of the value comes from the gold in the coin, thus not adding much of a resale profit.
    Clens likes this.
  9. Insider

    Insider Talent on loan from...

    There were NEVER any good fakes out of Lebanon in the 60's and 70's! Back then the color (alloy) and poor luster was a dead giveaway from 20" away. One instructor called the gold counterfeits of that era "across-the-room" fakes due to this FACT.
  10. Omegaraptor

    Omegaraptor Gobrecht/Longacre Enthusiast

    Oh. But there are the Omega counterfeits. You see, counterfeiters take pride in their work. If it weren't for the Omega initial, everyone would say the coin was authentic.
  11. Silverhouse

    Silverhouse Well-Known Member

    I remember seeing a documentary about Omega on the History channel in the late 90's. It was REALLY good.
    Insider likes this.
  12. Insider

    Insider Talent on loan from...

    This is statement is false. The Omega fakes were detected by the presence of "wormy tool marks" (so-named by the authenticator who discovered them). This information has been told/written about over and over in the past and I have promised in another thread to post what I know of it here one day.

    The "Omega" fakes were not made in Lebanon. I was told by the Director of ANACS at the time they were discovered (Charles Hoskins) that years before the counterfeit industry in that country was ruined by civil strife. BTW, he knew one of the ANA bigwigs at the time that visited an actual Beirut, Lebanon working counterfeit factory in the late 1960's (If I remember it was Oscar Dodson). They were using the same presses as our government.
  13. Insider

    Insider Talent on loan from...

    I have a copy of that show somewhere on a VCR tape: "Secrets of the US Mint" I believe. The "Omega" part lasts for about two minutes and the coin's discover tells the story. It was filmed at NGC in NJ and it shows how a coin is graded there also.
  14. ldhair

    ldhair Clean Supporter

    Same here. Find a new one already graded.
    Clens and Insider like this.
  15. SuperDave

    SuperDave Free the Cartwheels!

    There are almost 150,000 of these in PCGS slabs, some 15% of all St Gaudens they've graded are 1927. Kinda common, carrying no significant numismatic premium. Yours appears to be a lower Mint State piece, and if it's possible for you to transact it without sending it to Paris (PCGS has a grading office there) for slabbing, all the better. In the US it might be worth putting into a slab just because of collector paranoia but on your side of the pond, save the cost if you can.
  16. Clens

    Clens Junior Member

    Thanks for this - I'll just keep it in a capsule for now then.
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