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Why are 1928 Saint Gaudens so pricey?
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<p>[QUOTE="medoraman, post: 1926873, member: 26302"]All US gold has to be analyzed on expected survival rates, not mintages. Mintages are utterly meaningless due to the massive melt that happened in the 30's. This is why a 1932 double eagle, while a high mintage, is so expensive. It also explains other dates and the seeming disconnect between mintages and prices today. So, bottom line, I do not even LOOK at mintages when it comes to twentieth century gold, since its meaningless data. Too bad the government could not have documented at least what coins they melted. I never really understood WHY they melted them. They never purified the gold, so why didn't they just leave them as coins? I am sure today a lot of numismatists would be more than willing to give the government an ounce of gold in exchange for a double eagle if they had not melted them all. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1926873, member: 26302"]All US gold has to be analyzed on expected survival rates, not mintages. Mintages are utterly meaningless due to the massive melt that happened in the 30's. This is why a 1932 double eagle, while a high mintage, is so expensive. It also explains other dates and the seeming disconnect between mintages and prices today. So, bottom line, I do not even LOOK at mintages when it comes to twentieth century gold, since its meaningless data. Too bad the government could not have documented at least what coins they melted. I never really understood WHY they melted them. They never purified the gold, so why didn't they just leave them as coins? I am sure today a lot of numismatists would be more than willing to give the government an ounce of gold in exchange for a double eagle if they had not melted them all. :([/QUOTE]
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