GoldFinger1969

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Posts posted by GoldFinger1969

  1. On 9/24/2021 at 10:25 PM, Quintus Arrius said:

    Having never been to a coin show in my life and choosing to go the one in New York City in January 2022 which I understand emphasizes world coinage, I will be happy to re-visit your question with my own impressions.¬†ūüźď¬†

    I may go to that, maybe a bunch of us should do lunch or dinner.  

    To be continued.........(thumbsu

  2. On 9/25/2021 at 8:55 AM, MarkFeld said:

    You’re talking primarily about populations.

    Perhaps the buyers of the mint products prefer their newer appearance and much better condition. Some would rather own a nearly perfect, modern widget than an older one in noticeably worse condition. It’s somewhat of an apples to oranges comparison.

    But it's basically always been a proxy for 1 ounce of gold, Mark.  I don't know if this is Covid-related....buyers jumping an expected rise in the gold price which would make paying the premium less stupid in the future....or just new Gold Bugs and gold investors moving into American Eagles.

    You can still get generic common Saints in MS63 for spot gold with a 4-5% premium, it hasn't moved up that much as far as I can tell.  But in MS-65 as I quoted above, the premiums are richer relative to recent auction prices and even the historical pattern (see chart).

    MS62 Saint Pricing 1997-2020.jpg

  3. On 9/25/2021 at 5:52 AM, Cat Bath said:

    The new 2021 coin is selling for $2,650. 

    Whaaaaaaaat ?  A new 2021 AGE is selling for over a 50% premium to gold ?  WTF ?  :pullhair:

    I'm not an active buyer of new AGEs but I am willing to bet that in the past, pre-Covid, that the premiums were maybe a few percentages higher than older AGEs ?  Am I right ?

    That is insane.  And with a healthy mintage, there shouldn't be a shortage although more people are buying gold for an investment and the investment folks dwarf collectors of classic gold and/or modern gold which could lead to distortions and the resulting huge premium.

    Still....wow !!

  4. Cat....looking closer, I did see a couple of common MS-65's over at HA that went for pretty rich premiums to spot gold.

    An MS-65 1924 Saint went for $2,760 (incl. bp) in late-August.    Another NGC MS-65 sold 2 weeks earlier went for $400 less, don't ask me why.  Prices were < $2,300 only 2 months earlier in June.

    Gold was $,1700 in April and rose $200 into June....so the prices and enthusiasm could have risen in delayed-action explaining why folks paid up in August despite gold backing off to $1,800.  I freely admit to guestimating human reactions to gold prices in real-time and delayed-time. xD

    Still, those premiums are RICH and I wonder if lack of inventory and these supply interrruptions have led to rising premiums for gold alongside silver.  What's weird is we didn't see these supply interruptions in March-May 2020 during the peak of the Covid-19 pandemic.

  5. (1)  Different shows have different purposes.  I've never been to the ANA show, but I am sure that the ANA's main purpose is promoting it's numismatic agenda and dealers and customers concerns are a bit down the list.  For FUN, I would think that the dealers and customers might rank a bit higher since the Florida United people don't really have much of an agenda beyond putting on the annual FUN show.

    (2)  It's understandable that dealers would be vacating after 3+ days of attendance.  With my astronomy club, we sell Sunday Only and 2-Day admission tickets so if folks are packing up at 1 PM on Getaway Sunday, it doesn't look good.

  6. 1920 & 1923 Saints:  Have NEVER seen the volume of bids for 2 coins on Ebay, let alone Saints.  135 and 95 bids each, with 3 days to go.

    https://www.ebay.com/itm/353683387468?hash=item52592c344c:g:U6oAAOSwuWBhR~M1

    https://www.ebay.com/itm/124910209188?hash=item1d153a88a4:g:hSoAAOSwEYhhR~De

    Granted, lots of the bids were for super-low prices below FMV...but both coins are now approaching or at FMV and with multiple bidders putting in all those bids, we should have a good finish to both.  Not like 2 guys going at with no other participants.

    Also....could be the lighting, but each shows decent luster for MS-63.

     

     

  7. On 9/23/2021 at 9:41 AM, RWB said:

    It doesn't matter who takes the photos - if it's through a plastic slab it will be an inferior image. (Plastic distorts images and the slab prevents optimum lighting angles. Compare any of the slabbed DE photos with the PR-58 (aka PR-63) in another thread. The half was tilted are various angles, much as one would to manually examine a coin, and thus revealed obvious wear on high points - hence its false grade.)

    I think we just have to live with looking through stuff with plastic.  Nobody is putting expensive coins in people's hands to look at without protection.

    I'm sure modern plastics used in slabs transmit light and have improved visual clarity compared to stuff from 30 years ago.  Not perfect, sure...not like looking at the coin without plastic....but distortions are at a minimal and probably not noticed except to those with 20/15 eyesight or better. xD

  8. On 9/20/2021 at 11:03 AM, Quintus Arrius said:

    The Great Zadok stated the gold spot price has no effect on stickered St-Gaudens. I find that hard to believe, stickered or not.

    Don't recall that post and in what context Zad said it....but obviously gold price is correlated with any Saint that trades off gold, from pure bullion subsitutes to coins that might sell up to 2-3x the price of gold with a numismatic premium embedded.

    I agree that for more expensive coins -- like an MCMVII High Relief -- a $100-$300 move in gold might not affect it at all.  But a $500 price move will.

    That's why I am curious to what happens with condition rarity commons I posted above.  One of the 1928's isn't getting any bids, but the other one $500 lower is.

  9. That Saint-Gaudens silver round is not well-struck and really not a good likeness of the original Saint-Gaudens Double Eagle.

    They're pricier and have a big premium, but look into the National Park Foundation Saint-Gaudens Commemoratives.  Some of the "unused" Saint-Gaudens designs that didn't make it into regular production in 1907 were utilized.

    Premiums are high on the PF-70's but you can always buy a 69 or Gem Proof a bit cheaper.  Not a substitute for buying silver the metal but if you want a real nice tribute to Saint-Gaudens, buy 1 or 2. 

  10. On 6/14/2021 at 7:32 PM, JKK said:

    I think there might be more positive explanations, even if we do get some people who are basically e-herpes outbreaks. It could be, for example, that the effort most of you put forth helping new posters encourages others. Not sure how others decide which forums to join, but I usually look one over pretty well for a little bit. The average, hopeful, sane, realistic enthusiast would find that other hopeful, sane, realistic enthusiasts find warm welcomes and educational guidance. Not from everyone, of course, but those aren't needed from everyone--just enough to help them understand their coins.

    Just as an example as of Sunday Night/Monday Morning........the 1st Page in the Newbie section goes back to Friday Sept. 17 @ 12:30 AM.

    The 1st Page for U.S., World, & Ancient Coins goes back to September 6th.

    Many more active threads going back 2 days in the former vs. 13 days for the latter.

     

  11. Speaking of Saint prices......xD

    I saw that a few MS-67 Saint commons over at GC didn't get bids.  This 1928 got no bids @ $14,500 starting:

    https://www.greatcollections.com/Coin/1029487/1928-Saint-Gaudens-Gold-Double-Eagle-PCGS-MS-67

     

    No bids so far for these twin 1924 MS-67's:

    https://www.greatcollections.com/Coin/1053937/1924-Saint-Gaudens-Gold-Double-Eagle-PCGS-MS-67

    https://www.greatcollections.com/Coin/1053938/1924-Saint-Gaudens-Gold-Double-Eagle-PCGS-MS-67

     

    This 1928 MS-67 got 1 bid so far @ $13,500.  I usually consider the 1924, 1927, and 1928 to be similarly priced at the MS-65 grade, curious to see what happens to them all at MS-67:

    https://www.greatcollections.com/Coin/1053939/1928-Saint-Gaudens-Gold-Double-Eagle-PCGS-MS-67

  12. On 9/13/2021 at 10:47 PM, Cat Bath said:

    While I'm not against spending that kind of cash on a coin, the 08-NM (short ray) is the last one I'd ever want to do it on. 

    They are the ONLY MS-69 Saints out there.  At least that we know of.

    On 9/13/2021 at 10:47 PM, Cat Bath said:

    There are a couple of new folks on the saint registry ATS that are throwing down massive amounts of cash. (HALFDOME & Elite Collection)  Both are private so we may never know what is in their sets. They both recently passed Hansen.  https://www.pcgs.com/setregistry/gold/20-gold-major-sets/st-gaudens-20-gold-major-varieties-circulation-strikes-1907-1932/102

    I understand their desire for privacy but if they are brand-new to collecting it would go along way to generating interest and buzz for the hobby if we knew who they were.  As it is now, we don't know if it's some 70-year old who finally sold their business after decades and are now pursuing their long-delayed hobby.....or if it's some 30-something Silicon Valley kid with too much $$$ on his hands. xD