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A Brief History of the 1907 High Relief Double Eagle
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<p>[QUOTE="GoldFinger1969, post: 4186460, member: 73489"]This is a VERY unique coin:</p><ul> <li>It is a double eagle ($20).</li> <li>It is a gold coin</li> <li>It was the LAST gold coin made before FDR took us off the gold standard.</li> <li>The HR is a unique design and pattern plus a beautiful coin.</li> </ul><p>Add it all up, and it has lots of demand. I get what you are saying about absolute numbers but sometimes pedigree matters. And I think that 1907 HR's tend to be in what financial types call "strong hands" -- people who can afford financially and time-wise to hold the coin for many many years (often until their death).</p><p><br /></p><p>Can you give an example ?</p><p><br /></p><p>I think the coin is VERY LIQUID which means that just because there are lots available, there is also great demand and <b>dealers know that the coins will sell at the current market price within a resonable period of time. </b></p><p><br /></p><p>In other words, the dealer with 10 or 15 of them doesn't have to worry that the current price is going to fall and he's going to be stuck with the coins unless he cuts the price 30% in a few months or a year or so.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 4186460, member: 73489"]This is a VERY unique coin: [LIST] [*]It is a double eagle ($20). [*]It is a gold coin [*]It was the LAST gold coin made before FDR took us off the gold standard. [*]The HR is a unique design and pattern plus a beautiful coin. [/LIST] Add it all up, and it has lots of demand. I get what you are saying about absolute numbers but sometimes pedigree matters. And I think that 1907 HR's tend to be in what financial types call "strong hands" -- people who can afford financially and time-wise to hold the coin for many many years (often until their death). Can you give an example ? I think the coin is VERY LIQUID which means that just because there are lots available, there is also great demand and [B]dealers know that the coins will sell at the current market price within a resonable period of time. [/B] In other words, the dealer with 10 or 15 of them doesn't have to worry that the current price is going to fall and he's going to be stuck with the coins unless he cuts the price 30% in a few months or a year or so.[/QUOTE]
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A Brief History of the 1907 High Relief Double Eagle
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