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You Vs PCGS 20 Dollar 1908 No Motto St. Gaudens
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<p>[QUOTE="johnmilton, post: 3838926, member: 101855"]It probably will because the graded population of these coins is too high to sustain the high prices.</p><p><br /></p><p><br /></p><p>There are a few reasons why the prices have held as long as they have. </p><ul> <li>For type collectors this is the only source for MS-65 or 66 examples of the Type I $20 gold piece. It is virtually impossible to find a high grade example of this type among the piece that have spent their existence on dry land.<br /> <br /> </li> <li>The story of the <i>SS Central America</i> continues to grab collectors’ attention. Shipwreck coins in general seem to bring higher prices, even when they have seawater damage.<br /> <br /> </li> <li>A fair number of these coins have turned bad after they were “curated.” For some of the them, the copper in the alloy comes to the surface which results in often unattractive copper spotting. Despite the fact that the coin is in a holder with a high grade posted on it, the coin is a hard sell to knowledgeable buyers. The one exception was the “super nova” piece that brought over $300 k, but that was a very strange (in my opinion) exception.<br /> </li> </ul><p>[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3838926, member: 101855"]It probably will because the graded population of these coins is too high to sustain the high prices. There are a few reasons why the prices have held as long as they have. [LIST] [*]For type collectors this is the only source for MS-65 or 66 examples of the Type I $20 gold piece. It is virtually impossible to find a high grade example of this type among the piece that have spent their existence on dry land. [*]The story of the [I]SS Central America[/I] continues to grab collectors’ attention. Shipwreck coins in general seem to bring higher prices, even when they have seawater damage. [*]A fair number of these coins have turned bad after they were “curated.” For some of the them, the copper in the alloy comes to the surface which results in often unattractive copper spotting. Despite the fact that the coin is in a holder with a high grade posted on it, the coin is a hard sell to knowledgeable buyers. The one exception was the “super nova” piece that brought over $300 k, but that was a very strange (in my opinion) exception. [/LIST][/QUOTE]
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