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Everything posted by GoldFinger1969
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Thanks for the heads-up, I'm going to look for some HD pics of a 1911 Proof Saint to see this appearance. What do you mean by "messed with", Mark ? You mean handled or not properly stored ? I would think these coins went exclusively to hard-core coin collectors who would have properly cared for them, unlike MCMVII HRs where you had lots of ordinary folks mishandle them.
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Roger's book notes that the low fixed-price meant that gold miners were LOSING $$$ and this reduced the new supply of gold -- which led to a tighter money supply leading to the problems of 1929. While a gold standard is a restraint on unlimited government spending, it's not a fail-safe. The bigger problem is that during a crisis -- 2008 Financial Crisis, 2020 Covid Pandemic -- the central bank is restrained from providing maximum liquidity. We saw how this worked out in 2011 during the European Debt Debacle. I am more worried over too many people getting too many benefits paid for by too few people. When many tax filers pay NOTHING, it creates a "who cares ?" situation for fiscal responsibility.
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Recommended Coin Auctions?
GoldFinger1969 replied to EagleRJO's topic in Newbie Coin Collecting Questions
Last I checked, Parsiappany was back and strong (I went last year) and Mt. Kisco I believe I went after Covid hit but I am not 100% sure. I know I went right before Covid hit because it was before or after I went to FUN 2020 in January 2020. My mind is a bit fuzzy on when I last attended. I'll try and see if the shows are all looking at 2022 dates. Westchester (which was fading) was a quarterly show; Mt Kisco (which was rising) was supposed to be quarterly (I think) before Covid interrupted. -
Norweb Mexico and Central America catalogue
GoldFinger1969 replied to World Colonial's topic in US, World, and Ancient Coins
I would LOVE to own a high-end Saint that can trace it's lineage back to some great collectors or even some auction catalogs or auctions affiliated with folks like Mehl, Kosoff, etc. -
Recommended Coin Auctions?
GoldFinger1969 replied to EagleRJO's topic in Newbie Coin Collecting Questions
Me too....the Garden State/Parsippany Coin Show is pretty good. Ditto Mt. Kisco and the Westchester shows (assuming it's still alive). Patience ! -
Norweb Mexico and Central America catalogue
GoldFinger1969 replied to World Colonial's topic in US, World, and Ancient Coins
I have a few classic -- to me -- catalogs. I have the Menjou 1950....Price 1998.....Duckor 2012...and the 1933 Double Eagle Sotheby's from 2002. An eccletic collection that just happened to interest me, mostly with top-quality Saints for sale. The price information is what intrigued me, especially when combined with the price matrixes from Roger's book and Red Books. Easy to construct long-term price movements which always fascinate me. -
Norweb Mexico and Central America catalogue
GoldFinger1969 replied to World Colonial's topic in US, World, and Ancient Coins
The Norwebs not only collected U.S. coins but foreign, too. Their 1908-S MS-68 Saint could be the finest-looking Saint in existence. David Akers thought so. -
Recommended Coin Auctions?
GoldFinger1969 replied to EagleRJO's topic in Newbie Coin Collecting Questions
Check out your local coin shops or a local coin show. For a common Saint like you are seeking, you're paying a convenience premium buying online for ease, quickness, etc. It's one thing to pay a premium price for a tough coin to find or one you really like. But since this is a common generic Saint, you will probably find the best price at a LCS....unless and until you get lucky bidding on someone who bought theirs cheap and will let it go for bullion spot or a bit below plus a modest premium including the BP. -
If restitution takes place, I don't know about that. Plus, as Eagle said, the law is used against those only in specific situations involving criminal behavior with a high risk of flight risk, asset concealment, etc. We just haven't seen it used against a couple having dinner with their children at the supper table. It's mostly used against drug lords. Nah, it was the 1933 EO. I don't care if they declared the value of gold $1.00 an ounce and SAVED the American holders of gold money by avoiding the re-valuation downward....you can't TAKE what isn't yours. I still don't know how/why the Sutherland Supreme Court didn't strike this down....I'll have to check to see if it reached that high. In the Saints Thread and maybe the Saints Book, Roger I think talked about a few court cases where some big holders of gold had theirs seized and they went to court to get it back.
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Yup...you weren't aware that RWB was on these forums ? Same guy as the author of that book which I bought and read 2 years ago. Get the book, you'll love it. BTW, we also have (occasionally) the only holder of a 1933 Double Eagle posting here, but if you want to buy that one, it'll cost you a wee bit more than $1,900. I'll look around for you on the Saints.....have you checked your LCS ? If you just want a common Saint or Liberty in low-Mint State, you shouldn't have to pay $200 or more over spot (unless silver-like premiums are now embedded in Saints).
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I haven't checked lately -- I will when I get a chance (busy day today with the Fed ) -- but what is the total all-in cost via HA and GC for a common Saint (like a 1924) in MS-63 or MS-62 condition ? You SHOULD be able to grab one of those, even in the holders, for bullion plus a modest premium, if not at the auction sites than maybe direct from APMEX or Ebay (reputable seller) or your LCS.
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MOST people back then -- like my relatives -- did NOT have much in the way of gold. Either nothing or maybe 1 or 2 of the smaller coins. As Roger and others have said here, you'd have to be upper middle class or above to have 5 or more Double Eagles just lying around. With the Depression at its nadir...with 25% of the population out of work...with people worrying about shelter and food....a few million people having to turn in gold wasn't a concern to the other 60-70 million adults.
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Thank you Moderators/Admin
GoldFinger1969 replied to Oldhoopster's topic in US, World, and Ancient Coins
How is it during the heat waves ? I shave my stubble just to feel cooler when it's above 90 degrees.....and the haircut I got 10 days ago from medium long hair to pretty short makes ALL the difference in feeling cooler. Even Teddy got his hair cut a week or so ago ! -
Recommended Coin Auctions?
GoldFinger1969 replied to EagleRJO's topic in Newbie Coin Collecting Questions
If I recall...that coin was "Brilliant Uncirculated" from a mass gold seller like Apmex or someone. So paying $2,000 for a coin that is probably equivalent to an MS-63 (I think that's what BU equates to) is very pricey. At that level, you should be closer to spot gold of $1,720 or so. I would pay $1,750 tops for a common Saint which is about a $90 premium ($30 cost, $60 for gold quantity differential under 1 ounce). That's assuming I like the coin and the holder it is in. Sometimes you find a coin that is properly graded but has the "damage" in areas you are less sensitive about whether it is the rim, fields, devices, etc. -
Recommended Coin Auctions?
GoldFinger1969 replied to EagleRJO's topic in Newbie Coin Collecting Questions
I love HA and their archived information and all that they do to promote our hobby..... but at times I do wish they would run "specials" where the BP was 10-12%, especially on more common stuff. I know their overhead is high but losing 5-10% on a small number of lower-priced items shouldn't put too much of a dent in their bottom line. -
Thank you Moderators/Admin
GoldFinger1969 replied to Oldhoopster's topic in US, World, and Ancient Coins
I hope not. Guy had an ordinary penny and he "sees" an S-mintmark far from the normal area like some people see Abraham Lincoln in a potato chip. He was offended we didn't think he could get hundreds or $1,000 for it and basically attacked us. I honestly think he was NOT a troll...I actually think he was either nuts or was so irrational that he really thought the coin was valuable. If you're going to troll, I would think you'd do a better job of it than coming off as a complete you-know-what within 2 posts and getting booted within 48 hours. Most trolls like staying power.