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Difference in cost of Liberty Double Eagle and St Gaudin's Gold Double Eagle
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<p>[QUOTE="johnmilton, post: 25953587, member: 101855"]I agree with you, but all a very rich guy needs to do to be #1 is buy a few Proof gold coins. Those pieces are rare because most years, the Philadelphia Mint often sold less than 100 sets a year. The coins are delicate and easily damaged. So if a collector shows up with a $20 gold in PR-65 or higher, they get a boat load of points.</p><p><br /></p><p>I used to the only collector who was 100% complete for the half cent through non gold dollar category. I've never been #1 because those who collect very high grade modern coins get a lot of bang for the buck. I put the big money into the early coins. I have MS-65s for the later stuff, BUT if you buy MS-67s, that makes up for the fact that you might have a Gobrecht Dollar in PR-10 while I have one in PR-62. Or I can have a 1796 Quater in VF-25 while someone else has one in AG-03. They beat me with their high grade coins from later periods. </p><p><br /></p><p>I gave up on being #1 a long time ago after I wasted some money on it. It's like a dog chasing its tail. I will never catch it. One of the top guys was the CEO of Frito-Lay. I can't compete with that.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 25953587, member: 101855"]I agree with you, but all a very rich guy needs to do to be #1 is buy a few Proof gold coins. Those pieces are rare because most years, the Philadelphia Mint often sold less than 100 sets a year. The coins are delicate and easily damaged. So if a collector shows up with a $20 gold in PR-65 or higher, they get a boat load of points. I used to the only collector who was 100% complete for the half cent through non gold dollar category. I've never been #1 because those who collect very high grade modern coins get a lot of bang for the buck. I put the big money into the early coins. I have MS-65s for the later stuff, BUT if you buy MS-67s, that makes up for the fact that you might have a Gobrecht Dollar in PR-10 while I have one in PR-62. Or I can have a 1796 Quater in VF-25 while someone else has one in AG-03. They beat me with their high grade coins from later periods. I gave up on being #1 a long time ago after I wasted some money on it. It's like a dog chasing its tail. I will never catch it. One of the top guys was the CEO of Frito-Lay. I can't compete with that.[/QUOTE]
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Difference in cost of Liberty Double Eagle and St Gaudin's Gold Double Eagle
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