Reply to Thread

Message:: [QUOTE="GoldFinger1969, post: 2105949, member: 73489"]OK, here's the correct quote....it was from John Albanese of CAC right around the time that CAC started up (2008): "....in January 2000, gold traded at $280 per ounce. Recently, though it had risen to over $800 per ounce, during the same period the Grey Sheet bid for an MS 65 1922 $20 Saint fell from $3120 to $1650. Coin collectors and investors had been told that the best way to participate in a rise in the price of gold would be through rare gold coins, as they would increase in value by a greater percentage than gold bullion. This proved to be true with a number of especially rare gold coins, but not for the MS 65 1922 $20 Saint and a multitude of other coins." I know the 1922 isn't considered as common as the 1924/27 commons, but it's not a rare year. I'm not sure why the price was that much more than what my charts and your post indicate other common Saints were selling for back in 2000.  No hoards have come in for that year since 2000.  But nonetheless, the premium got slaughtered. Not sure if the price jumps a ton at MS-66 but on Ebay at least the price is all over the map for MS-65's, from $1,700 to $4,000 (sold coins !!).  Others getting no bidding, maybe discerning buyers are counting bag marks or something: <a href="http://www.ebay.com/sch/i.html?_from=R40&ghostText=&_sacat=0&LH_Complete=1&_nkw=1922+saint+ms-65&_sop=15" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ebay.com/sch/i.html?_from=R40&ghostText=&_sacat=0&LH_Complete=1&_nkw=1922+saint+ms-65&_sop=15" rel="nofollow">http://www.ebay.com/sch/i.html?_from=R40&ghostText=&_sacat=0&LH_Complete=1&_nkw=1922 saint ms-65&_sop=15</a>[/QUOTE]

Log in or Sign up

Reply to Thread

Useful Searches