Wells Fargo GOLD ( finally realized )

Discussion in 'US Coins Forum' started by mpcusa, Dec 6, 2023.

  1. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    The 1908 NM $20 Saint Wells Fargo Nevada coin has proved pretty elusive
    for me, most I have seen have had some
    issues such as rub marks or some other
    distraction, here again was looking for
    another coin when I came across this one, 100% problem free ! no rub marks
    or scratches, so shifted gears and picked
    this right on up, the value on these have
    gone way up, so wanted to get one before the prices got to insane…LOL
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  3. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  4. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  5. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  7. Spark1951

    Spark1951 Accomplishment, not Activity

    Way excellent acquisition! So, do you still have one arm and one leg?

    For the un-initiated, NM means NO MOTTO. And another thing…they had plenty of room on the label to use the ENTIRE NAME OF NEVADA, but Nooooo… can’t have that, doncha know…Spark

    Seriously, great coin, man.
    rte, dwhiz, SensibleSal66 and 2 others like this.
  8. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Maybe there trying to save some ink..LOL
    and I still have all my limbs attached but
    my wallet is a bit sore maybe Santa will get
    me a new one :)
  9. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    Request one made from Buffalo. Best wearing leather...
    Just saying :troll:/ NICE Coin by the way! ;)
    mpcusa and GoldFinger1969 like this.
  10. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Nice coin....your patience was rewarded....has excellent luster, which many 1908 NM's do NOT possess....did you buy it online or an LCS or local show ?
    mpcusa likes this.
  11. charley

    charley Well-Known Member

    It is not a difficult piece to find or the value going "way up", save for the price of Gold in general.

    In fact, the Legend REGENCY Auction, Live bidding closing today @ 3:00PM Pacific Time, has 2:

    1908 NM Wells Fargo NGC 66-Est. 3-3.5K, and high bid at this time is 2.6K with multiple bidders.

    1908 NM Wells Fargo PCGS 66+ - Est. 3.5-4K, and high bid at this time is 3K with multiple bidders.

    The auction has been open for bidding for quite a while.

    masterswimmer and GoldFinger1969 like this.
  12. imrich

    imrich Supporter! Supporter

    At $3500 or less that coin would have been immediately in my collection!
    Should be a sure CAC!

    GoldFinger1969 and mpcusa like this.
  13. charley

    charley Well-Known Member

    I don't think it will make it, but MS is impossible to grade from photos. Considering the Holder, if it was going to get beaned above average for the Grade, it already would have been, is my opinion.

    But your monetary observation is EXACTLY my point in re. the 2 pieces in the Regency auction today. I peg both as average for the Grade no Bean value (PS: I suspect both will be in mine, come 3:17PM or so).
    GoldFinger1969 and imrich like this.
  14. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I saw a BEAUTIFUL MS-66 1908 NM OGH CAC....I didn't have the $$$, being out of work. :(

    Hope to get that one in the future. An MS-67 would also be nice but the price jump is big, even though it is the least-expensive MS-67 among Double Eagles.
    mpcusa likes this.
  15. ksparrow

    ksparrow Coin Hoarder Supporter

    I found this one on the CU BST for a reasonable amount over melt:
    20 dollar saint 1908 NM label.jpg 20 dollar saint 1908 NM obv.jpg 20 dollar saint 1908 NM rev.jpg
  16. imrich

    imrich Supporter! Supporter

  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Bought it off the bay, original selling price
    was $2,799 after a little haggling got it
    down to $2,700 which I felt was more then
    fair, after talking a little further I found out
    that he had got laid off from his job recently and needed the money for Christmas, I was happy that I could help
    him out, I plan on sending him something
    for the holidays as well :)
    ksparrow and GoldFinger1969 like this.
  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    That’s why it took me such a long time
    finding the right coin, when you pay a few
    dollars for coin it needs to be right I have
    allot of A/U 58,s though not as bright as
    an MS coin still for the most part have
    little distractions.
    GoldFinger1969 likes this.
  19. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Really -- how much over melt ?

    A 64+ CAC is not usually a common grade rarity, though the 1908 NM is the exception.
  20. imrich

    imrich Supporter! Supporter

    I believe you'll find that the CAC bean, especially when approaching "Gem" condition, takes the coin from bullion to premium category where value elevation is a percentage of base grade value alone. (e.g. MS65 increase of $400+ ~= 10%+)

    I've a virtually flawless MS66 PCGS Wells Fargo that was purchased from a collector who believes, as many, that TPG grade alone should determine value.

    After extensive ad listing, he sold the coin for ~15% <"CAC-Greysheet"!

    I can locate on Ebay, virtually on any day, a premier TPG graded MS66 St. Gaudens seemingly with gross "rub" or "bag-marks"! lol


    Last edited: Dec 8, 2023
    Mainebill and GoldFinger1969 like this.
  21. slackaction1

    slackaction1 Supporter! Supporter

    So, in this case buy the Cac bean not the coin because its raises coin 10 to 15%? NEARING OR APPROACHING GEM STATUS what?? Its either gem or not they don't approach being gems. Just when you think you might be catching on to this hobby someone puts you back down to start over. boom!
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