Whipsaw!
Hopefully, no one panicked during the gold hiccup this week—we certainly didn’t. In fact, we tried, without success, to buy more generic Saint-Gaudens coins during the dip. As of this Thursday afternoon, gold has climbed back up to $2,698.60, with futures pointing over $2,700.00. After checking in with several larger Wall Street clients, the consensus is clear: inflation and the deficit aren’t going anywhere, and this dip was likely a knee-jerk reaction. Our expectation was a brief pullback, but the resilience in gold’s value has been a pleasant surprise.
Inventory update: it’s still a challenge to buy any quantity of high-quality Saint-Gaudens or $20 Liberty coins. Our top picks for value right now remain PCGS NO CAC MS66 Saints and PCGS MS65 CAC Saints, both offering solid premiums with a melt value around $2,600. Interestingly, we saw a spike in demand for PCGS MS66 CAC Saints this week—a rarity over the past few months!
If you’re holding bars or modern bullion, we’d strongly recommend transitioning into Saints. There’s significant potential beyond metal prices alone, and many collectors are already making this switch. Feel free to call or email us to explore this opportunity.
The Coin Market
It’s tough to believe, but we’re low on coins again—especially premium gold. We’re scratching our heads over why our $3 1887 PCGS MS65+ CAC is still available. Good quality gold is scarce, and what’s offered is often overpriced. Hopefully, the Baltimore show next week will bring us some good finds.
Market-wise, we’re seeing subtle price increases, signaling robust demand from collectors. While certain areas like nickels and early copper remain weak, Indian Cents are going strong! Like with Saints, we recommend grabbing what you can, as quality coins are in short supply once again, and we see no reason to expect the coin market to get any cheaper.
One thing we’re watching carefully is the potential for crypto investors to disrupt the market again, as they did in 2021. Their buying focus tends to be on high-end coins above $100,000, so let’s hope for a stable market ahead!
NEWPS
Finally, we’re excited to share some unique pieces from a Texas estate we’ve been curating for months. Here are some of the highlights:
– 1873 Trade Dollar, PCGS MS66 CAC OGH – A truly stunning example.
– 25C 1901, PCGS MS66+ CAC TEXAS
– 50C 1888, PCGS MS66+ CAC TEXAS
– $1 Gold 1884, PCGS PR65 CAMEO CAC
– $5 1910-S, PCGS MS64 CAC SIMPSON
Each of these coins is a gem, and we expect them to move fast.
Come see us at table 643 at the Baltimore show, and bring any coins you’re looking to sell!
IF YOU HAVE ANY QUESTIONS OR WISH TO ORDER, EMAIL US. WE DO NOT CHECK OUR PHONE MESSAGES UNTIL MONDAY AT 9 AM.
