Would you buy an MS65 $20 St. Gaudens for $1750?

If you could buy a 1924 PCGS MS65 for $1750 (Greysheet is $1930...?), would you?

(It is not, in my opinion, a true MS65.)

(I know, I know... "buy the coin, not the slab"... but it should hold its value better as a 65 due to the slab if I can buy it under current Greysheet, right???)

 

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Well, let's consider a few known facts before making a decision. PCGS Auction Results indicate $1750 isn't a bad price for an MS65 1924 Saint, but it's not a great one either. The last 100-ish auction results there have been recorded in the last year alone. Given that there are - in PCGS slabs alone - over 40 thousand others in MS65 just like it and over 8 thousand in 66, I hesitate to pronounce that a particularly attractive deal or any kind of "cinch" for future value. Heck, there's only a single Morgan Dollar with an MS65 Population that large - 1881-S.

Me, I'd want a no-question 65 for that price.

 

I prefer 62-63 range. You can pick them up for a lot closer to melt.

 

It depends, what was gold at when the grey sheet was printed?

 

As of June 10 GS bid is $1900. Hard to tell but,from looking at the pic the coin don't look that bad. Maybe offer the guy $1700?

 

Yup, IMO 63 is a better buy

 

I waited till I found a MS65 on eBay for $1575. Nabbed one in newly listed bin a couple months ago.

 

Where the heck are you guys finding MS62-MS63 "closer to melt"? Must be local coin shops, coin shows, or eBay...?

 

If you don't think it's a 65, then it's not a 65. I don't care what the slab says.

 

Closer to melt does not mean close to melt.

 

Looking at the eBay prices tonight, $1,575 for an MS65 was the steal of 2016. I can't find one below $2,100. I admit I'm tired tonight, so what am I missing, if anything?

 

Plenty of common date Saints selling for below $2100.

 

It was an NGC. And I won on best offer I think, actually. I don't have it anymore. Moved it at a show. Maybe it was 1595?....

 

Note my reply above. Those numbers came from results of real-world sales in recent months. Few 1924's in MS65 go for as much as $2100 these days.

 

What would local coin shops, or dealers at shows, pay for a common-date MS65?

 

$1675-$1700?

 

Unless it was clearly undergraded and/or had CAC, no way market for 1924's is anywhere close to $2,100.

Have to use completed sales on Ebay and then check with HA to get a feel for the market.

 

Does anyone have any idea what to make of this?http://www.ebay.com/sch/20-Double-E...9472&rt=nc&_mPrRngCbx=1&_udlo=2250&_udhi=2250

 

It's one of those Ebay Live auctions, so essentially that's the house bid 'buying' the coin over and over again.

 

That's what I thought but figured I'd ask to be sure. Thank you.