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St Gaudens gold coin value

gearheaddadgearheaddad Member Posts: 15,091 ✭✭✭
edited July 2015 in General Discussion
I just had a friend call me with 2 St Gaudens 20.00 gold coins for sale.
He wants $1600 each.
one is a 1913D and the other is a 1923
He claims mint condition.
Any thoughts on value?
Thanks,
Ed
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Comments

  • MG1890MG1890 Member Posts: 4,460 ✭✭
    edited November -1
    Latest gray sheet says that these are both common dates. Their main value is the gold. Bid is $1255 in AU condition, this is what a dealer pays. Retail is $1325 in MS60. So, somewhere in that range.
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  • gearheaddadgearheaddad Member Posts: 15,091 ✭✭✭
    edited November -1
    Great.
    Thanks,
    Ed
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  • nmyersnmyers Member Posts: 16,892 ✭✭✭✭
    edited November -1
    A claim of "mint" condition shows he doesn't understand coin appraisal & pricing.

    The going rate for a GRADED St Gaudens of MS-62 or MS-63 would be $1500-1,600. So, at best, he's asking more than the equivalent of MSRP. At worse, the melt value of a circulated coin in nice condition is $1,126.

    Neal

    "We report, you decide" --- Fox News (& Neal)
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