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You Vs PCGS 20 Dollar 1908 No Motto St. Gaudens
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<p>[QUOTE="GoldFinger1969, post: 3837727, member: 73489"]Yup, they were called re-strikes because they used the raw gold from the ingots and bars. But unless the California Historical Society took control of the U.S. Mint, I know it's not a REAL restrike.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p><b><span style="color: #b30000">Actually, they WERE very popular with investors. </span></b> They were cheaper than many of the coins from the SSCA. But with the coins originally selling for a 600% premium to gold (~$5,000 per coin), investors have lost money or at best broken even. The coins go for about $4,500 on average despite gold quadrupling in price since 2001.</p><p><br /></p><p>This premium dissipation hit these pseudo-coins. Let's see if it soon hits the 1857-S's.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 3837727, member: 73489"]Yup, they were called re-strikes because they used the raw gold from the ingots and bars. But unless the California Historical Society took control of the U.S. Mint, I know it's not a REAL restrike.:D [B][COLOR=#b30000]Actually, they WERE very popular with investors. [/COLOR][/B] They were cheaper than many of the coins from the SSCA. But with the coins originally selling for a 600% premium to gold (~$5,000 per coin), investors have lost money or at best broken even. The coins go for about $4,500 on average despite gold quadrupling in price since 2001. This premium dissipation hit these pseudo-coins. Let's see if it soon hits the 1857-S's.:D[/QUOTE]
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You Vs PCGS 20 Dollar 1908 No Motto St. Gaudens
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