Graded double eagles going for spot?

Discussion in 'Bullion Investing' started by Dalladalla80, Aug 2, 2019.

  1. chascat

    chascat Well-Known Member

    What a great time in history to obtain numismatic gold at close to spot...think of a nice Lincoln Cent at 1.000005 cent buy price. sounds ridiculous but numismatic gold is available for close to the same ratio...common gold coins are now selling for spot which I've never seen before in my life! On the other side, What if bullion tanks? Then spot price wasn't so good afterall.
     
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  3. imperial-coin

    imperial-coin New Member

    I concur with your comments I love holding my AU50 1876, and 1861 Double eagles and envision the coins coming of the dies and into mint bags who might of held them .
     
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  4. GoldFinger1969

    GoldFinger1969 Well-Known Member

    You can't control the bullion price you'll pay, only the premium to spot. And it's been basing at a low level for years.
     
  5. imperial-coin

    imperial-coin New Member

  6. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    1 feedback? I wouldn't . He relisted it.
     
  7. Richard Snively

    Richard Snively New Member

    Check population reports for 1904,Common even in high grades with hundreds of thousands of low grade uncirculated examples never slabbed
     
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  8. imperial-coin

    imperial-coin New Member

    Yes highest minting of the entire series occured in 1904.
    1904 Philadelphia 6,256,699
    1904 San Francisco 5,134,175
    1861 Philadelphia 2,976,453
     
  9. WoodyWW

    WoodyWW Junior Member

    You can do what you want, but personally there's no way I'd crack out an MS62 or MS63 Saint. It's already slabbed! Think of what it costs to GET it slabbed, + all the dues of sending it to PCGS or NCG. Also if it's Unc., do you want to be handling it with your bare hands? But, it's your $$.

    BTW I sold an ungraded common date $20 Lib. a couple of months ago to a LCS. Nice condition, the dealer said probably Unc. I got $24 under spot, which was........I believe about 1.7% under spot. Of course gold is up about $100 since then, so I'm not feeling overly great about selling it.....
     
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  10. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Nope, good point....you're right, I'm wrong.

    I'd probably buy a common Saint that is in those little 2" white squares. Just have to be careful and make sure it's not a fake.
     
  11. imperial-coin

    imperial-coin New Member

    That is where most of the fraud is happening between those 2" white squares. I cracked a slabbed improperly cleaned Obverse w/ AU details to carry with me . I would not do that to MS60 on up .
     
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  12. JBOCON

    JBOCON Well-Known Member

    I have a few at close to spot. It is a good deal to me, but I love these things.
     
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  13. imperial-coin

    imperial-coin New Member

    I purchased my first Coronet Head $20.00 a 1904S in BU unslabbed, commonly called a Double Eagle for $275.00 in 2000 or 2001, and a Mexican 50 Peso 1947 Gold BU unslabbed for $325. Ah the good old days !
     
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  14. Derek2200

    Derek2200 Active Member

    Yes - time to buy? Bought some slabbed ms 63 at BV plus $20 recently it’s like finding gold in the street lol.
     
    Last edited: Jan 15, 2020
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  15. Mr Roots

    Mr Roots Underneath The Bridge

    Every time gold or silver go up there is good value to be found right after in semi numismatic bullion.
     
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  16. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Agreed....but if you have a common you can justify taking out an MS62 or below.
     
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