Message:

<p>[QUOTE=&quot;charlottedude, post: 5125428, member: 26010&quot;]What I mean is that prices are beginning to normalize to coincide with the number of straight-graded examples available in the marketplace, compared to price levels as recent as a year ago (even though multiple examples were available at the time).&nbsp; While demand is generally the &quot;price driver&quot; to a coin&#039;s cost, the large number of readily available straight-graded examples didn&#039;t support or justify those levels. If demand was so high, why were and why still are so many examples available? I can go on one dealer&#039;s website today and find 25+ straight-graded examples alone for sale - with at least 20 of them in MS-63 or higher grade.&nbsp; A beautiful, iconic coin, yes.&nbsp; A rare coin?&nbsp; No.&nbsp; This is the same dealer who had 20 or more of the same coins sitting in his inventory for nearly 3 years now (before COVID could be noted as a factor)... so, if demand was as high as some might think, I believe these coins would have moved by now.&nbsp; </p><p>Don&#039;t get me wrong... it&#039;s still a desirable coin - an almost unique example (the Ex. Hi-Relief version being worthy of its lofty price tag) of the St. Gaudens Double Eagle.&nbsp; I even considered purchasing an AU-55 or AU-58 example several years ago, until I did a little research and realized just how disparate the price levels compared to the sheer number of examples that were actually available.&nbsp; I think it&#039;s a good thing that prices on this particular coin are beginning to trend more in line with what one (or at least I) would expect for a coin as available as it is.&nbsp; It&#039;s a beautiful example of the type, but I just don&#039;t think it&#039;s worth the lofty price tag that&#039;s been associated with it.&nbsp; Maybe if a nice AU-55/58 example was priced @ $7000-$7500, then I would consider it more in line with its availability, as well as its true demand level.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in