Discussion in 'US Coins Forum' started by Alexthegreat, Mar 22, 2020.
Maybe...but not based on the purchase price he gave us unless he got a SUPER deal.
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That is something that I don't know.
But I like it in a MS66 holder.
I think an MS66 is about $2,500 and an MS67 is about $13,000. An MS66+ is going for $3,500 or so.
Alex....we're waiting for the grade.....
Okay, here’s the grading. It’s PCGS MS66+. Thats probably not a big suprise, because of i already mentioned that the coin was expansive. Fortutanely the beautiful St.Gaudens is rather investment gold than a collectors coin. On top oft hat this year is by far the most common.
I own $20 1922 in NGC MS65 as well and this coin is one level higher. It is very shiny, there are very few marks, there’s luster on the highest poits and the strike is good. Thats why I think that the high grading is propriate. I am very happy with the purchaise, altough I paid 450 Euro over melt value
You only paid about $2,200 for a 1924 MS66+ ????
That's about $1,000 under FMV as I see it but I'll let someone who's been collecing Saints longer than me chime in. Are my figures right ?
It's a common coin, but that grade is most certainly NOT common.
There are only 257 66+'s and then 118 67's and 1 MS68 (PCGS).
It's a spectacular coin and it's really 2 notches higher when you consider the +.
When did you buy it ? It's hard to believe you bought even a common 1924 at MS66+ for only $450 over bullion spot.
As I already said this type is not rare and there are tousends of it in gem condition out there. Most St.Gaudens sold in Europe are not even in a slab and with a good eye it's possible to find nice conditions. For example my NGC MS65 was sold 5% over spot as a raw coin.
If your coin is graded by PCGS as MS66+, it's a $3,500 coin.
How you are getting it for $1,000 less is amazing. That's what a straight 66 should go for.
But the price shouldn't be 30% less !!!
....that's a bargain and even more a steal.
The grade is correct, but that's just my two cents.
Would you show us the slab to confirm the age of the holder?
Sure. It has a QR Code, so it's probable rather new. On the other hand there are no photos at PCGS.
Why not? Supply and demand make the price. The 1924 is not rare in gem condition and european collectors do not want to pay $1000 extra for one grade
But it IS rare in Superb Gem and you are 1/2 grade from that. You can't buy gold bullion for 30% less in Europe, to buy a coin like that is unheard of for that price.
Someone was asleep at the wheel !
There are only 119 coins graded by PCGS as definitively higher. Actual number could be less with all the double-counting and crossovers.
I have never heard of a 30%-off discount on premium Saint-Gaudens coins just because it's Europe.
I think this was a 1-off. Can you imagine European dealers putting MS66 commons on sale on Ebay for $2,100 or so ? Or 30% off on 1907 High Reliefs ?
I agree there should be a bit of a discount overseas since U.S. coins aren't quite in demand there, just like German coins would sell a bit cheaper here in the U.S.
But not 30%. Maybe 50 years ago, but not today when you can ship in under a week for $10.
64. Wing dings etc..
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