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titan22 · 01-09-2007, 02:02 PM

are pre-64 coins actually worth more than face value?

briansol · 01-09-2007, 03:37 PM

on the street, no. No one really knows any better...
but to a collector, yes.

The reason they stopped using silver in the coins is simply that the price of the silver content had reached a point where it was worth more than the face value of the coin.

Today, an ounce of silver is just under $14.
a quater, contained roughly .2 oz of .90 fine silver
which by today's value makes a pre-silver quater worth a little over $2.50 in simply melt value.

the same thing happened to the penny. they went from copper and other cladding to zinc and cladding.

back in the day, a silver dollar contained a dollars worth of silver... about 90% pure silver in the coin, and weighing in just over an ounce (30 grams or some thing like that).
and the $20 gold coins... those were worth 20 bucks in gold.
today, its about 650 bucks in gold.

today, a silver dollar is about 13 dollars worth of silver.

briansol · 02-28-2007, 01:21 AM

Quote:

Originally Posted by briansol

Today, an ounce of silver is just under $14.

funny looking back on a month old post.... silver is now around 14.50, give or take the hour.

so, you effectively earned 50 cents an ounce in a month. not a bad deal at all. no taxes when you sell 'em.... no worry about the 'company' doing bad (face it, if the USA goes under, we're screwed anyway lol)

Blanco · 03-01-2007, 10:38 PM

St. Gaudens $20 gold coin. Good investment or would a double eagle be better? I'm looking at gold coins at MorganMint.com. I'm also ordering a catalog from Monaco Rare Coin to maybe buy a sunken treasure coin or two.

I still need to get a platinum eagle.

briansol · 03-04-2007, 12:23 AM

$20 gold coins ARE double eagles :P

eagle = $10

The st gaudens are uber rare and with it, comes the price tag.

The vast majority of them are simply out of most normal people's price range.

St Gaudens $20

hell, one sold for 7.6 MILLION dollars.
1933 Gold Double Eagle - World's Most Valuable Coin - Most Expensive Coin

IMO, id you're looking to buy a gold coin in the near future, this is the one to get.
2007 $50 American Buffalo Gold Coin, 24K Gold, NGC Certified MS70 Early Release - $50 gold buffalo at Shop At Home

last years coins have already doubled in price. And this year, the mint is making more gold coins (nearly double the variety) so the odds are that the mintages will be far less on this coin than last years.... which means come 2008, this very well may tripple.
plus, the cost of gold is going up and up. last year, it was $100 less an oucne.

as for the platinum....

i told everyone to jump on this, and no one did.
reference:
1st smart investment of 07 - Hondaswap

and now, just about a month later, its $100 more expensive from the same place.

i got mine.... no one else did. I tried.

2006W Burnish Die $10 Platinum Eagle, NGC Certified MS70 Early Release - platinum, $10 platinum eagle at Shop At Home

2006 W EAGLE P$10 EARLY RELEASES MS 654

228
426
just 654 coins have been graded in the early release pedigree. This coin is stupid rare. And with out the pedigree, theres still under 800 of those.

700 people in the WHOLE WORLD can own this coin. THATS IT.
the rarest of the rarest old coins, like the 1909 S vdb penny, has over 4000 graded examples, with the vast majority under ms64 in grade....

for counter point, the 07 $10 plat in 70 sells for 299.

Blanco · 03-04-2007, 08:02 AM

Oooooh. That grading site is exactly what I've been looking for...I just didn't know it!

This is the St. Gaudens I was thinking of. Not much info, though. Oh, and I meant the double eagle that just has the head on it.
Morgan Mint

Or maybe something from here.
Morgan Mint

Or maybe even something from the SS Central America. It'd be cool to have a coin made from California gold rush gold. I'll probably have to wait on that though.

I've actually looked at the buffalo coin a few times and actually saw it on shop at home just an hour ago. That with the '07 plat eagle should be a good start to my investment collection.

briansol · 03-05-2007, 04:31 AM

yup yup. both those links are dead for me... looks like their site is down.

but you can't go wrong with buying 07 bullion right now. it's only going to go up.

Blanco · 03-05-2007, 05:31 AM

Check this out. (1/2 oz) Platinum Eagles

What's the difference?

briansol · 03-05-2007, 08:38 AM

different years, different grades.

"Brilliant Uncirculated" is uncertified, and is the opinion of the seller that it is better than MS63.

NGC MS70 = NGC graded to perfection, MS70
PCGS MS-69 = PCGS graded to just a hair under perfection

MS = mint state (ie, not proof, those are PR)
70 is the max rating possible.

ncg and pcgs are the 2 companies to trust for certified coins ONLY.

The 2006 is way less minted than the 04's, which is why it is more expensive.
but, the real kicker is the 2006W which were minted on burnished dies. Those are the real pot of gold for the 2006 series.

Blanco · 03-05-2007, 07:53 PM

Ah, I wish I would've had the money last night. There was a 2007 MS70 for $860.

01-09-2007, 02:02 PM	#11
titan22 Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 773 Rep Power: 7	are pre-64 coins actually worth more than face value?

01-09-2007, 03:37 PM	#12
briansol Savings Advisor Join Date: Aug 2006 Location: Central CT Age: 31 Posts: 761 Rep Power: 7	on the street, no. No one really knows any better... but to a collector, yes. The reason they stopped using silver in the coins is simply that the price of the silver content had reached a point where it was worth more than the face value of the coin. Today, an ounce of silver is just under $14. a quater, contained roughly .2 oz of .90 fine silver which by today's value makes a pre-silver quater worth a little over $2.50 in simply melt value. the same thing happened to the penny. they went from copper and other cladding to zinc and cladding. back in the day, a silver dollar contained a dollars worth of silver... about 90% pure silver in the coin, and weighing in just over an ounce (30 grams or some thing like that). and the $20 gold coins... those were worth 20 bucks in gold. today, its about 650 bucks in gold. today, a silver dollar is about 13 dollars worth of silver.

03-01-2007, 10:38 PM	#14
Blanco Greenhorn Join Date: Mar 2007 Posts: 12 Rep Power: 0	St. Gaudens $20 gold coin. Good investment or would a double eagle be better? I'm looking at gold coins at MorganMint.com. I'm also ordering a catalog from Monaco Rare Coin to maybe buy a sunken treasure coin or two. I still need to get a platinum eagle.

03-04-2007, 12:23 AM	#15
briansol Savings Advisor Join Date: Aug 2006 Location: Central CT Age: 31 Posts: 761 Rep Power: 7	$20 gold coins ARE double eagles :P eagle = $10 The st gaudens are uber rare and with it, comes the price tag. The vast majority of them are simply out of most normal people's price range. St Gaudens $20 hell, one sold for 7.6 MILLION dollars. 1933 Gold Double Eagle - World's Most Valuable Coin - Most Expensive Coin IMO, id you're looking to buy a gold coin in the near future, this is the one to get. 2007 $50 American Buffalo Gold Coin, 24K Gold, NGC Certified MS70 Early Release - $50 gold buffalo at Shop At Home last years coins have already doubled in price. And this year, the mint is making more gold coins (nearly double the variety) so the odds are that the mintages will be far less on this coin than last years.... which means come 2008, this very well may tripple. plus, the cost of gold is going up and up. last year, it was $100 less an oucne. as for the platinum.... i told everyone to jump on this, and no one did. reference: 1st smart investment of 07 - Hondaswap and now, just about a month later, its $100 more expensive from the same place. i got mine.... no one else did. I tried. 2006W Burnish Die $10 Platinum Eagle, NGC Certified MS70 Early Release - platinum, $10 platinum eagle at Shop At Home 2006 W EAGLE P$10 EARLY RELEASES MS 654 228 426 just 654 coins have been graded in the early release pedigree. This coin is stupid rare. And with out the pedigree, theres still under 800 of those. 700 people in the WHOLE WORLD can own this coin. THATS IT. the rarest of the rarest old coins, like the 1909 S vdb penny, has over 4000 graded examples, with the vast majority under ms64 in grade.... for counter point, the 07 $10 plat in 70 sells for 299.

03-04-2007, 08:02 AM	#16
Blanco Greenhorn Join Date: Mar 2007 Posts: 12 Rep Power: 0	Oooooh. That grading site is exactly what I've been looking for...I just didn't know it! This is the St. Gaudens I was thinking of. Not much info, though. Oh, and I meant the double eagle that just has the head on it. Morgan Mint Or maybe something from here. Morgan Mint Or maybe even something from the SS Central America. It'd be cool to have a coin made from California gold rush gold. I'll probably have to wait on that though. I've actually looked at the buffalo coin a few times and actually saw it on shop at home just an hour ago. That with the '07 plat eagle should be a good start to my investment collection.

03-05-2007, 04:31 AM	#17
briansol Savings Advisor Join Date: Aug 2006 Location: Central CT Age: 31 Posts: 761 Rep Power: 7	yup yup. both those links are dead for me... looks like their site is down. but you can't go wrong with buying 07 bullion right now. it's only going to go up.

03-05-2007, 05:31 AM	#18
Blanco Greenhorn Join Date: Mar 2007 Posts: 12 Rep Power: 0	Check this out. (1/2 oz) Platinum Eagles What's the difference?

03-05-2007, 08:38 AM	#19
briansol Savings Advisor Join Date: Aug 2006 Location: Central CT Age: 31 Posts: 761 Rep Power: 7	different years, different grades. "Brilliant Uncirculated" is uncertified, and is the opinion of the seller that it is better than MS63. NGC MS70 = NGC graded to perfection, MS70 PCGS MS-69 = PCGS graded to just a hair under perfection MS = mint state (ie, not proof, those are PR) 70 is the max rating possible. ncg and pcgs are the 2 companies to trust for certified coins ONLY. The 2006 is way less minted than the 04's, which is why it is more expensive. but, the real kicker is the 2006W which were minted on burnished dies. Those are the real pot of gold for the 2006 series.

03-05-2007, 07:53 PM	#20
Blanco Greenhorn Join Date: Mar 2007 Posts: 12 Rep Power: 0	Ah, I wish I would've had the money last night. There was a 2007 MS70 for $860.

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