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Langbord case: What are those 1933 Saint-Gaudens double eagles worth?
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<p>[QUOTE="ToughCOINS, post: 2134164, member: 20480"]Don't think of the increase as only being ten coins . . . think of it as being a ten-fold increase instead.</p><p><br /></p><p>It is probably safe to say that the current owner of the only example so far sold at auction would certainly never have spent anywhere near the princely sum of $7.5MM if he knew of another 10 coins that might come available. </p><p><br /></p><p>Thus, it is irresponsible to even consider that figure as a fair benchmark from which the price of the remaining 10 might be derived. It makes far more sense to examine the known population as a whole, and arrive at a fair value from that instead . . .</p><p><br /></p><p>While my earlier guess at a total market of $10MM might admittedly have been a little low (averaging $900K per coin), I'd be surprised if the coins of this date average more than $1.5MM in today's dollars whenever they have all finally been sold.</p><p><br /></p><p>Other lesser known coins should now garner more attention and higher bids.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 2134164, member: 20480"]Don't think of the increase as only being ten coins . . . think of it as being a ten-fold increase instead. It is probably safe to say that the current owner of the only example so far sold at auction would certainly never have spent anywhere near the princely sum of $7.5MM if he knew of another 10 coins that might come available. Thus, it is irresponsible to even consider that figure as a fair benchmark from which the price of the remaining 10 might be derived. It makes far more sense to examine the known population as a whole, and arrive at a fair value from that instead . . . While my earlier guess at a total market of $10MM might admittedly have been a little low (averaging $900K per coin), I'd be surprised if the coins of this date average more than $1.5MM in today's dollars whenever they have all finally been sold. Other lesser known coins should now garner more attention and higher bids.[/QUOTE]
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