Wanted to get an opinion about a coin I have.....

Discussion in 'Coin Chat' started by Bigbluemax2017, Jul 12, 2019.

  1. I currently have a 2009 high relief saint gaudens double eagle and was wondering if I would be better off keeping it or getting a pre 1933 saint gaudens double eagle as far as something that may or may not be worth more money further down the road? I know the price of gold and coins fluctuate, I was hoping to see what people thought would be a better coin to have. I would really appreciate any opinions and if you have any dates on pre 1933 you would recommend me getting if you think an original saint-gaudens would be better opposed to the newer high relief.
     
    GoldFinger1969 likes this.
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  3. hotwheelsearl

    hotwheelsearl Cheap edited

    In my opinion, pre-1933 would probably have more potential to increase in value.

    Old gold has numismatic value in addition to bullion value, so there is the potential for the price to increase more in a good market than a bullion coin would.

    Then again you have the High Relief version so I'm not too sure how that changes the equation.
     
    GoldFinger1969 likes this.
  4. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Interesting question. You will probably get as many varied replies as there are members!!

    First off.... While the high relief is an absolutely beautiful coin, it is in the end a bullion purchase. Some would say it may be the most beautiful coin struck by the mint. And as a bullion coin this is a desired piece because of it's striking beauty.

    Pre-33 gold on the other hand carries with it the history of the piece. And sometimes that can also add intrinsic value depending on coin quality and mintage numbers. I am a pre-33 gold guy. I am one of those that love the history in my coins.

    The high relief piece is a desirable piece and I would bet will remain desirable. Hard as this is for me to say given I am a pre-33 gold guy, I think for intrinsic value it is a safe bet holding the high relief St Gaudens.
     
  5. medoraman

    medoraman Supporter! Supporter

    I think they are similar. By definition you will lose value by trading one for the other, so I would sit tight on the high relief. If you want Pre-33 gold, make your next purchase that.
     
    Stevearino, -jeffB, 352sdeer and 2 others like this.
  6. Thank you very much for all the opinions and replies I got regarding my question, I really appreciate it very much. I'll just sit tight on the high relief and make my next purchase a pre 33 double eagle. By chance would anyone have any recommendations on pre 33 double eagle saint gaudens dates that would be a good date to purchase if I was looking to spend around $3,000?
     
    GoldFinger1969 likes this.
  7. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    My personal opinion only.... If I had 3k to purchase a double eagle, I would get two average coins. They can be picked up around 1400.00 or so right now.
     
  8. hotwheelsearl

    hotwheelsearl Cheap edited

    Good idea, diversify the portfolio
     
  9. Andrew8890

    Andrew8890 New Member

    is that a double die on the reverse?
     

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  10. Treashunt

    Treashunt The Other Frank


    Andrew:
    Welcome, and if you want replies, you should start your own thread.
     
  11. Clawcoins

    Clawcoins Well-Known Member

    a month late ... but
    I don't really have a "real" answer.

    I love the 2009 high relief, and also the pre33s St Gaudens.
    I've held off buying more 2009 as I've been tracking it for years, and the price of it has dropped in relation to it's original release price, so it has been moving more towards spot. Of course, that excludes the spot price variation.

    The Pre33s. It all depends if you are going to buy "bullion" categorized StG or slabbed/graded versions.

    Generically, in a good economy slabbed versions, when there is more demand, may bring in a premium but take longer to sell as you have to find the specific seller that wants a higher grade coin at a premium. In lower economic times when ppl are not buying then you'll get less selling them, sometimes closer to spot than any premium.

    Depends when you want to sell, and how quickly you want/need to sell too that affects it's conversion price.

    Think of Gold as a "storage of wealth". It's neither going to go up or down (once you take into inflation, PPI, etc etc etc). I've used it simply to store wealth, be able to look at it as it's pretty and pretty kewl looking. To me, it's better than storing bills but I do that too as gold (PMs) have to be converted to cash in times of need (whether short or long term). If you are in areas or have ppl that use PMs as a direct method to buy/barter then it can be useful too as that conversion factor isn't there .. but then due to variation everyone should take below spot for it. There's also the BitcoinPM thing too (which has a high overhead cost).
     
    GoldFinger1969 likes this.
  12. littlehugger

    littlehugger Active Member

    Real, historic coins are collectible in addition to their bullion value.
    Look at the prices of Morgans at 90% silver, vs ASE''s which are bigger and purer.
    .Also, the mint is always coming out with More! Bigger! Better!
    An old pre 33 is part of a limited issue. No rivals.
    Didnt the mint come out with a gold coin a number of years back? It was heavier, thicker and said to be a tour de force product for the mint.
    It was made thicker so as to enhance the high relief. As some coins have problems with metal flow into finer details.
    I just cant remember enough.
    Wonder how that appreciated?
     
    GoldFinger1969 likes this.
  13. Cheech9712

    Cheech9712 Every thing is a guess

    How much does a double eagle weigh
     
    GoldFinger1969 likes this.
  14. Cheech9712

    Cheech9712 Every thing is a guess

    If your trading. Get two. If selling better get your moneys worth. You could lose your shirt on this one
     
  15. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Seems like you are in a similar boat to me.

    Have you looked at a 1923-D Saint ? You can get one in MS-65 and MAYBE MS-66 grade if you go a bit over budget. It's probably the best-looking strike of all the Saints.

    I also have a few of the common dates, including the 1924 and 1927.
     
  16. GoldFinger1969

    GoldFinger1969 Well-Known Member

    34 mm in diameter....90% gold, 10% copper....0.9675 fine gold.

    Multiply $20.67 per ounce of gold x 0.9675 = $20.00 (rounded)
     
  17. GoldFinger1969

    GoldFinger1969 Well-Known Member

    If you are talking about the 2009 UHR, it came out when gold was about $1,100 or so. Sold for a big premium to spot gold for a few years but when the newness factor and gold price both receeded, the price has come down. Folks still sell new OGP 2009 UHRs and also TPG.

    Some of the TPGs go for 2-3x spot gold. o_O
     
  18. Guamcoinsearch

    Guamcoinsearch New Member

    I found a 1969s coin can someone point me in the right direction
     
  19. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Welcome to the neighborhood!

    It would be best for you to start your own thread in the appropriate forum. I assume it is a US coin. It would also help if you posted photos of both sides and tell us what you want to know.

    Chris
     
  20. halfcent1793

    halfcent1793 Well-Known Member

    It's anyone's guess which will hold/increase in value. There are some, like me, who bought the UHR 2009 for its beauty and historic interest. After seeing an original at the Smithsonian, and lusting after it, when these were announced, I told my wife I didn't care what they cost, I was getting one. To me, though, a real circulation strike St. Gaudens isn't nearly as attractive or interesting.

    As you can probably guess from my avatar, modern (i.e., post-1835) coins don't interest me much.
     
  21. Derek2200

    Derek2200 Member

    Keep the mod and as far as pre 1933 no interest unless slabbed and close to melt.
     
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