GoldFinger1969

I'm going to guess it's worth about $30-$35 ? Would that be around right, guys ?

Market prognosticators would disagree. It is certainly not a 1-to-1 relationship but I do think -- within certain ranges -- that gold and oil would move together especially to the upside. If oil doubled or tripled in price...and the Fed and ECB both said they are going to live with higher inflation for a few more years because of the oil shock.....bond yields and gold are both likely to be substantially higher.

What you have is most likely a common Morgan Silver Dollar worth the value of the silver. We'd need to know the condition of the coin to determine if it's worth a multiple of silver value because it is in pristine, Mint State condition. PCGS and NGC both have price guides online for a 1921 Morgan Silver Dollar. Yours is most likely worn, probably in the AU condition or lower. Pics ?

Because the underlying fundamentals of popcorn and peanuts aren't even remotely related to the underlying fundamentals of gold. But that is NOT the case with oil and gold....or inflation and gold....or other factors. Nobody is looking for a rerun of the 1970's...in fact, you could have inflation and lots of other variables lineup for gold PERFECTLY...and if a few countries or central banks or SWFs decided to unload a few hundred tons of gold, the price of gold would probably go down. I continue to think that gold is like a giant beachball being held under the water line. When it bounces up, it will be a big and fast move up.

True...but that was largely oil specific (negative prices) and it still impacted those other items because it's possible (though you can't know for sure) they would have gone UP without the collapse in oil prices. Ceteris Paribus.

Which reminds me....when was the LAST time CNBC had a debate on the price of gold ? It's tough enough for someone to even mention gold at the end of an interview (if the CNBC hosts remember to do so). I remember when you would see a debate on the price of gold every week with a bull and bear going at it. Maybe I'll reach out to Mike Santoli, I used to do some stuff with him and he's a guy who still looks at gold every now and then. Maybe he'll book me and I can talk about Saints !!

When does the new service start ? The sample holders we saw...those will be the actual ones, right ?

NSF ??

What Mike said.....and again, if a particular note isn't super-rare then it's gonna have to be in Gem or Superb Gem Mint State condition to be worth serious $$$.

You guys MAY be right...maybe the dealers and attendees are 100% Gold Bugs....but my experience with talking to people who still buy gold like they did 20 or 40 years ago is they track all/many financial markets. Then again, I do have a CFA and CFP so maybe it's the company I keep.

I bet you would be right 40 or even 20 years ago....but I think nowadays with smartphones people are tracking all financial markets: the DJIA.....gold....bond yields....BitCoin.....crypto. You have to....they ALL impact to an extent.

Markets are interrelated. Buying or selling in one market, particularly illiquid ones, can touch off buying or selling in others. You have certainly heard how U.S. Treasuries benefit from flight-to-quality during financial stress. If oil buyers and oil market watchers see the oil market going nuts, they are going to assume it spills over to the gold market. Especially since many big oil producers like to have gold in their SWFs and Central Banks. I think a collapse in oil prices would be bearish for gold prices and a skyrocketing price would be bullish. How much remains to be seen. Let's leave it at that.

Yeah, more like a COMMUNIST thing. They don't mind stealing from others -- it's a "cultural" thing -- but when Great Britain had control of Hong Kong or when Taiwan wants to be left alone, that's a grave offense.

Standby, they all are worth a nice premium to the face value, for sure, but I think even the Repeater 10131013 usually could be had for under $100 when I was active a few years ago. Maybe prices have gone up but there's always more of these created every year in the currency printing; yours are 2003 dates which aren't old but also aren't the last few years either. If you sell them raw, it'll have to be discounted. It's always tough to judge currency via pictures, but there appear to be some waves or creases in a few of the bills. Heritage Auctions has weekly or near-weekly auctions of currency with many of your types. Check them out in a forthcoming sale or check the recent sales history. Good Luck...report back and let us know what you find.

This was SUPER useful, thanks Karen !! I haven't been active in currency auctions lately but I was back in 2019-20 and got many of the bills listed above (usually costing me about $50-$100 or so).

Just want to re-plug your great post, Eagle....though I think you meant FRANCS and not FRANKS. Though I like a good Sabret or Angus Beef dog as much as the next guy. Seriously, congrats to our friend QA !! QA....how many of the 20 Franc Roosters are believe to exist today....do you know approximately how many survive ? I know for U.S. gold coins it might be tough to get total production/estimated survivors for the Quarter and Half Eagles; it's much easier for the Eagles and Double Eagles (Saints). Maybe the same guestimate problem exists overseas for the smaller denominations that were more often used in commerce than bank settlements. In case anybody is wondering....about 3.7 MM Saints are known to have survived (could be much more) out of about 70.3 MM produced.

I was conversing with some Double Eagle collectors and was told about the Hackney Hoard in England back in 2010. This was before I was really following Saints and Double Eagles. They were found in a garden in Hackney, England. There were 80 DEs from 1854-1913. the coins gradually increase in number across the decades from 1870 to 1909 (13 coins from 1870-9; 14 from 1880-89; 18 from 1890-99; and 25 from 1900-9). The coins were buried by a Jewish family fearing a Nazi Germany invasion of Britain. They had fled Nazi Germany a few years earlier. The coins were buried....family members who knew the last buried location were killed during The Blitz....surviving family members didn't know where the 2 jars of coins were buried. Descendants were tracked down in 2010 and given the coins.

Have GSA Morgans -- CC or non-CC -- seen a spike since 2020 like other moderately-priced coins ? My guess would be yes, but I'll defer to someone more active in that segment.

If oil soars, then we'll know. Until then, it's all just speculation, right ?

My point was that Saints traded at certain premiums within a range over time. It got blown out of the water in 1988-90. Saints were one coin that was targeted for investment $$$; I'm sure there were others that got driven up hugely in price but I don't follow them that closely. The TPGs helped stoke the bubble INADVERTENTLY because with the promise of being able to buy "sight unseen" it was presumed that liquidity would increase exponentially and institutional monies would be able to and willing to buy the coins. If you want to buy the coins but can't, that's as bad as not wanting to buy them. The TPGs were supposed to help accomodate that Wall Street and institutional money. Good word, yes, subsitutable. But trophy mansions in the sky can be created -- new supply -- over time. No more famous art is being increased -- no more supply. But more people today are billionaires than 40 years ago or even 25 years ago or even 10 years ago -- which means alot more demand.

I have to check out the subsectors and what is in them.....how the index is constructed and weighed (I may have done it before but I forgot)....but I agree that you do NOT want a bunch of expensive coins in condition scarcity or overall scarcity (i.e, 1933 Saint) skewing a price index upwards. Whether equal-weighted or dollar-weighted the PCGS 3000 or any other index should focus the bulk on coins that are "affordable" to non-wealthy but serious money investors. An index is supposed to be REPRESENTATIVE of the MARKET, not just focusing on coins that 99.999% will NEVER even CONSIDER buying. Most people will probably NOT buy an MCMVII High Relief but at about $10-$12,000 for an AU-58, it's not impossible for someone to get one even if they have to save up. So to use Saints as an example....I would include an MCMVII High Relief up to AU-58 or MS-63 grade....I would NOT go to MS-65 or above and certainly would not inlcude MCMVII UHR patterns, the 1933 Saint, or even any 1927-D. A coin that is OK for a Type Collection in medium/affordable grades would be my target.

Look at real estate, which is largely replaceable: prices are falling for trophy homes, super-expensive beach houses, skyscraper mansions, etc. There's always more of these being produced (just look at the NYC skyline ). OTOH, unique art pieces seem to be holding up. Can't produce more DaVinci's, Rembrants, Van Gough's, etc. More bidders....no more supply = stable or rising prices.

Regardless, people today know much more about where the stock market is at...interest rates....the economy. In the 1970's or 1980's, it was only those who read The NYT Business Section or The WSJ. That was about it. My father used to get his financial news on the 55-minute mark from commentators on WINS and WCBS-880 here in NY driving home or to work each day. That was it. I can still remember those zero-coupon ads in 1981 when I commuted with him...nobody wanted those 14, 15, 16% interest rates !!!

Good point, but it's all we got. And the Coin Bubble of 1989 was right after PCGS and NGC opened for business. It wasn't the TPGs that were the reason for the spike -- they were a contributing factor -- but the promise of Wall Street and institutional $$$ into the sector. MS-65 common Saints traded at a 500-700% premium to their gold content. The last 20 years or so, it's a 20-100% premium.

Which means, what, for us novices ? Commemoratives actually soared in the 1980's and were the most impacted by the end of the Coin Bubble in 1989....PMs and regular series U.S. coins did NOT do much in the 1980's.