Why are 1928 Saint Gaudens so pricey?

Discussion in 'US Coins Forum' started by Dougmeister, May 23, 2014.

  1. Conder101

    Conder101 Numismatist

    Easier to stack and move, don't have to worry about a bag rotting/splitting and spilling the coins all over the place etc. Easier to count if you are using them for payments between countries. (Here's two gold bars, instead of having to count 2500 or whatever gold coins. Because you know the receiving party is going to want them counted.)
     
    GoldFinger1969 likes this.
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  3. GoldFinger1969

    GoldFinger1969 Well-Known Member

    1 bar = about 400 oz. or 400 coins.
     
  4. Conder101

    Conder101 Numismatist

    Close to true if you are using double eagles. 800 coins for eagles, 1600 for half eagles, and 3200 for quarter eagles. so for 2 bars and a mixture of coins a guess of 2500 probably isn't too far off.
     
  5. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Yup, didn't think of that ! :D
     
  6. GoldFinger1969

    GoldFinger1969 Well-Known Member

    When the post-War hyperinflations and upheavals began, the U.S. coin was seen as the standard bearer. In times of trouble, folks want U.S. assets -- or U.S. gold.

    I'm not surprised that so many 1920's found their way overseas compared to other vintages. I'm sure there could have been other reasons, too.
     
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