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Thoughts on this St. Gaudens double eagle
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<p>[QUOTE="GoldFinger1969, post: 6277285, member: 73489"]Burdette's book on SAINTS pretty much has the same Gillio Wells section as Bower's Guide Book. So not much more detail to help there.</p><p><br /></p><p><b>So...best as I can tell....there wasn't a dropoff in either 1908 NM Saints for MS-65 or below. </b> They probably were mostly sold to the investor class instead of the collector class, like in those infomercials I see. If there's a discount for bulk purchases from the official price, then anyone selling them like on TV could improve their margins a bit as opposed to a dealer who might not want to get stuck with some.</p><p><br /></p><p><b>Scanning the Heritage archives, it does appear there was a drop in MS-66 and above pricing from a $2,500-$3,000 range closer to $1,750. </b> There aren't alot of data points but it does make sense: one sale noted that for MS-66 the Population was 53, with 2 finer. Those numbers both EXPLODED higher once the Wells Hoard hit. Since the 66's and above had scarcity premiums embedded in them and 65's and below did not, it makes sense that the hit was in the higher grades.</p><p><br /></p><p>Would love to hear from any dealers back then who can cooborate my number guestimates. Not even sure the Greysheet could help as they usually would just quote MS-65's...unless they had a commentary on 1908 NM pricing across the spectrum following the release of the 19,900 coins.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 6277285, member: 73489"]Burdette's book on SAINTS pretty much has the same Gillio Wells section as Bower's Guide Book. So not much more detail to help there. [B]So...best as I can tell....there wasn't a dropoff in either 1908 NM Saints for MS-65 or below. [/B] They probably were mostly sold to the investor class instead of the collector class, like in those infomercials I see. If there's a discount for bulk purchases from the official price, then anyone selling them like on TV could improve their margins a bit as opposed to a dealer who might not want to get stuck with some. [B]Scanning the Heritage archives, it does appear there was a drop in MS-66 and above pricing from a $2,500-$3,000 range closer to $1,750. [/B] There aren't alot of data points but it does make sense: one sale noted that for MS-66 the Population was 53, with 2 finer. Those numbers both EXPLODED higher once the Wells Hoard hit. Since the 66's and above had scarcity premiums embedded in them and 65's and below did not, it makes sense that the hit was in the higher grades. Would love to hear from any dealers back then who can cooborate my number guestimates. Not even sure the Greysheet could help as they usually would just quote MS-65's...unless they had a commentary on 1908 NM pricing across the spectrum following the release of the 19,900 coins.[/QUOTE]
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Thoughts on this St. Gaudens double eagle
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