Discussion in 'Coin Chat' started by Bigbluemax2017, Jul 12, 2019.
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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.
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.
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.
Good idea, diversify the portfolio
Welcome, and if you want replies, you should start your own thread.
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).
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?
How much does a double eagle weigh
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.
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)
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.
I found a 1969s coin can someone point me in the right direction
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.
As you can probably guess from my avatar, modern (i.e., post-1835) coins don't interest me much.
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