AV St. Gaudens Double Eagle 1924 MS-67

Got this beauty, 8 years ago. This is my most favorite "modern" coin design. Also from Stacks/Bowers auction

 

Log in or Sign up to hide this ad.

Drooling.

 

A very common issue in very uncommon condition. Terrific strike - these can be weak at the lower left with the Capitol Building, but yours exhibits nothing of the sort.

For those reading, PCGS has certified almost 300,000 of these. You can assume a relatively small percentage of crackouts, because the value doesn't vary greatly even up to MS66 (where there are 6,000 in the Census). Little incentive to crack a 1927 when you can have an MS66 for less than $2000, with a little luck.

Fewer than 100 have reached MS67, and there is one MS68 (and I think one other from NGC).

 

I believe the current numbers are 179 MS67's at NGC (of which OP's is one), and 96 at PCGS. At MS68, NGC graded 3, PCGS 1.

But the point remains that anything above MS66 at either service is very tough!

My guess is quite a few MS66's have been regraded or cracked, hoping for MS67's worth 5-10x as much.
Lance.

 

I was being elitist and considering PCGS grades only.

Either way - NGC has graded a similar quantity of them - we're still hovering around three-tenths of one percent in 66 or better, even before considering crackouts.

 

Gold might drop soon. I'll give you double spot right now

 

I like it very much!

 

I would say, gold is very under valued/ true price per oz. should be 10-12K. But, I wish that the price stays where it is. Prices are mostly dependent on quality/rarity. Prices have gone up at about 15% per annum, in past 30 years. Sometimes, I really have to laugh at tremendous difference in auction results, from coins slabbed MS-64/65/66/67/68! I have seen where a Mexico 8 Escudos graded fast stempelglanz /about uncirculated (Kunker) sold for 1800 Euros/ same coin was third party graded at MS-65/ sold in US auction for 6500US, a year later.

 

That is because there are so many collectors/investors that erroneously believe a coin MUST be slabbed in order for it to be collectible. And if there aren't that many slabbed (such as the case for the 8 Escudos), there is a false sense of rarity and such a coin would be bid up far beyond what it should go for.

 

Beautiful coin...did you try for a CAC sticker ?

 

That would put the price of gold at about $23,500 an oz right now. Actual rate of growth is around 4% per annum (real world) with inflation at around 3% (officially, real world rate noticeably higher.)

 

I don't think anything except 3rd-world inflation rates have gone up 15% a year for 30 years straight.

If you bought the 30-year Treasury bond in September 1981 you got 15% a year for 30 years.

 

Thanks!

Of my 800 Worldwide AV coins, only 80 are third party slabbed. The bulk of my collection are from European Auctions, and are raw graded. Most of these are FDC which is equal to MS-66+. But, I have seen slabbed MS-66 coins graded as Almost UNC. by some auctionhouses. It really gets awfull with hammered coins, some MS-64s are graded as VF-EF! So, I do not place much faith in slabbed grades. Now, to the 15% per annum/ that is basically for high quality/ low mintage coins/all metals. As for gold, the international banking cartels keep it artifically way below real market value, prices should be around $12,000US per oz.

 

I am unaware of any metal which has gone up 15% for year over any 30-year period, let alone rolling periods which eliminates timing bias.

Ditto low-mintage coins. Which ones ? If you measure from before the U.S. left the gold standard, late-1950's to the bubble peak of 1989-90, maybe.

Banking cartels ? What, they are secretly colluding to keep the price low ? Did they secretly collude to drive it from $35 to $850 from 1971-80 ?

$12,000 per ounce ? What are you smoking, I want some !!

 

Not sure, but perhaps he's using the Rosen Report as rolling papers.

 

I have never heard of "Rosen Report" sorry. I heard these facts from gold investment "experts", all of them say the same thing, that gold is very much undervalued, and that the price is manipulated. I for one, like the price where it is, so that I can keep on getting more nice numismatic material....I am not into bullion coins. One more point, the price of gold was $20/oz. from 1850-1933/when US minted Double Eagles=$20=1 ozAV=ZERO inflation. When FDR recalled all the US 1933 AV coinage, and started printing worthless paper currency....end result/inflation went rampant/US govt. now in debt 20 Trillion. Real $ is Silver/Platinum/Gold/Palladium, not paper/plastic

 

All of the silver certificates were not worthless currency at that time. You could walk into any bank and demand a silver dollar, or 4 quarters or 2 halves of silver coinage for your silver paper dollar.

 

And, by a coincidence so eerie it's worthy of the X-files, many of these "experts" just happen to have gold they're willing to sell you at today's artificially low prices!

ROFL!

 

Yes, only upto 1933 when you go redeem gold/silver certificates for gold/silver coins. You could also take your $10,000 banknote and redeem it in gold coins. That all changed after 1933.

 

Well, keep in mind that governments don't set the price of gold, buyers do. So, it's the buyers - people like you - refusing to pay that much money for gold who are to blame for depressed prices....