GTG $20 1924 St. Gaudens PCGS

Discussion in 'US Coins Forum' started by Alexthegreat, Mar 22, 2020.

  1. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Maybe...but not based on the purchase price he gave us unless he got a SUPER deal.
     
    Last edited: Mar 23, 2020
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  3. johnmilton

    johnmilton Well-Known Member

  4. Rheingold

    Rheingold Well-Known Member

    That is something that I don't know.
    But I like it in a MS66 holder.
     
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  5. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I think an MS66 is about $2,500 and an MS67 is about $13,000. An MS66+ is going for $3,500 or so.
     
  6. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    Several deep marks keep it from a 66. 65+ imo
     
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  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Alex....we're waiting for the grade.....:D
     
  8. Alexthegreat

    Alexthegreat Active Member

    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 :dead:
     
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  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    You only paid about $2,200 for a 1924 MS66+ ???? :wideyed:

    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. :D

    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.
     
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  10. Alexthegreat

    Alexthegreat Active Member

    Round about 450 Euros. I bought it 3 weeks ago and the price was 1900 Euro. The Dealer had other pre1933 gold as well, but that was not so interesting. For example $5 Indian Head 1912 in MS63 for 800 Euro. I would never buy things like this in a slab for such a premium, because of they are much cheaper as raw coins :yawn:
    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:hungry:.
     
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  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    If your coin is graded by PCGS as MS66+, it's a $3,500 coin. :D

    How you are getting it for $1,000 less is amazing. That's what a straight 66 should go for.
     
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  12. Mainebill

    Mainebill Wild Bill

    You can buy good us gold in Europe. A lot was brought over there in the time it was new post world war 1
     
  13. GoldFinger1969

    GoldFinger1969 Well-Known Member

    But the price shouldn't be 30% less !!!
     
  14. Rheingold

    Rheingold Well-Known Member

    Wow:greedy:....that's a bargain and even more a steal.
    Congratulation Alex.

    The grade is correct, but that's just my two cents.

    Would you show us the slab to confirm the age of the holder?
     
  15. Alexthegreat

    Alexthegreat Active Member

    Sure. It has a QR Code, so it's probable rather new. On the other hand there are no photos at PCGS.
     

    Attached Files:

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  16. Alexthegreat

    Alexthegreat Active Member

    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 :angelic:
     
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  17. chascat

    chascat Well-Known Member

    65 or maybe a plus.
     
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  18. GoldFinger1969

    GoldFinger1969 Well-Known Member

    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 ! :D

    There are only 119 coins graded by PCGS as definitively higher. Actual number could be less with all the double-counting and crossovers.
     
  19. Mainebill

    Mainebill Wild Bill

    The reality is simple. There’s not the grade collecting there that there is here just like you can buy foreign coins reasonably here especially from a dealer who specializes in us coins. Granted Alex got a super deal but there’s not the demand in Europe for graded us coins like there is for just physical gold bullion from any country. If you were looking for 17th c German coins lets say in Germany the prices would likely be higher there than in the United States. It’s the same with antiques there’s been some huge money early American stuff that’s turned up in England and France often it was brought back by loyalists during or after the war. Same with us coins brought to Europe of the period as souvenirs and forgot. The lord St Oswald 1794 flowing hair $1s come to mind. All I can say is congratulations Alex and keep hunting
     
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  20. GoldFinger1969

    GoldFinger1969 Well-Known Member

    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.
     
  21. Cheech9712

    Cheech9712 Every thing is a guess

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