GoldFinger1969

Maybe it has something to do with smaller coins. Tougher to see blemishes and imperfections, dings, etc. Big fields on Morgans and Saints and Liberty DEs makes it tougher to get that gold CAC.

Every now and then you read something somewhere that sticks with you for years or even your entire lifetime. And I remember that someone said that if you have a problem with grading inconsistencies by the TPGs...then you can't argue against CAC's presence. Really brilliant, when you think about it.

That's because Legend/Laura deals with ultra-HNW clients. They can AFFORD to only deal in CAC coins because they don't need the business of 2nd-tier or 3rd-tier coins....and they have enough wealthy clients that will pay up for coins even if it involves huge premiums. Legend not dealing in non-CAC coins (and I'm sure they make exceptions)....is akin to a Porsche dealership stating they will no longer service folks who earn under $40,000 a year.

I don't want false advertising but the stories that accompany some of these coins -- "urban legends" or the like -- are just part of the mythology of the hobby. Like Babe Ruth's "Called Shot."

Not sure if we caught this before......February 2022 article on 1921 Saint: https://coinweek.com/coins/coin-profiles/us-coins-coin-profiles/united-states-1921-saint-gaudens-double-eagle-20-gold-coin/

Another interesting quote, one which validates my fears: "Beware of the AU58+ CAC coins that sell for moon money. My concern is they are being chased up by the Everyman Registry sets which prize this grade point. Should an AU58+ be worth more than an MS63 coin?"

Still probably true -- heck, I bought Roger's SAINTS book expressly for that purpose -- but I think unlike 30 or 50 years ago you can get lots of information from the internet that in the past you had to get from a newsletter, your LCS, a coin club, or a book. Tons of free information on the major and even obscure coin types. Useful threads here and elsewhere.

That's hard to believe.....

Not familiar with Mercs, but I would think you'd be more interested after seeing the True View pics, no ? Looks more colorful and toned in the True Views. Looks more "scuffed" in the dealer pics but again, I'm not a great grader in general or with Mercs specifically.

Can I get Rooster Basics 101....when were they issued ? In what size (ounces or fractions of an ounce of gold) ? Mintage by year (approximate) ? As an example, for Saints....I would say: 1907-32....1 ounce coins only.....mintage ranged from a few hundred thousand to a few million....annual survivors 400,000 and below, usually a few thousand.

I'm not an expert on CAC....but a gold (2-upgrades ?) sticker is VERY rare. Not sure what that coin sells for with a Green CAC and without any CAC....but very special coins sell for very special prices.

Lots of good threads with large numbers of post beyond this....a few on gold coins (including Saints) and some interesting "quickie" threads where Roger posted rare/unique but interesting information (old letters, etc).

The Fall of France ?

We'll have to wait until Tuesday to see if the off-hours trades are reflective of an active market, but if you want to read about what happened.... https://www.cnbc.com/2022/06/18/bitcoin-price-drops-below-18600-as-sell-off-accelerates.html

It's a VERY LONG STORY and unless the story includes a totally made-up BS thing -- like Douglas MacArthur using the coin to buy essential supplies in WW I and then buying it back -- stories (factual and semi-factual) are what makes this hobby interesting.

Crytpo "currencies" are not currencies at the present time. They are highly-volatile, speculative, digital assets.

Interestingly, gold turned around from mid-day losses and rallied bigtime up $40 even as everything else tanked. As bonds rallied (yields fell), gold turned up. Let's see if it's a pattern. If crypto is dead with a Fed Funds rate of 3-4% and a 10-year approaching or above 4%, gold may have legs for a move to $2,200.

Some are definitely headed there. To me, they are NOT "currencies" -- they are quasi-tech digital plays. I don't get this whole "meta" thing and the need for cryptos to buy things in an imaginary universe. I'll wait for Holodecks like on Deep Space 9.

Great movie !! If anybody buys it, make sure you get the Criterion Collection which has the restored, theatrical version and not the butchered edited versions that even TCM shows.

As an aside....it'll be interesting to see how gold/silver hold up, too. Not sure how many of you follow the bond market (I manage bond portfolios) but rates have been rising bigtime in the last week and the bond market is having the worst year on record, even including the 1970's.

It will be very interesting to see how the EU, crypto, the stock market, etc....all hold up when the Fed is RAISING rates and the days of EASY MONEY (good movie with Rodney Dangerfield, BTW ) are over. It's easy for to move up in price when the Fed is printing money. Let's see how they do when rates are rising and you can get 3% in a money market fund without ANY risk.

First, I think a thread on crypto and BitCoin is relevant to gold so I hope the mods have no problem with it. Second....I have no idea if BitCoin is going to $500,000 or $5,000...or even zero. Ditto the rest of the cryptos for whom a shakeout is coming. Most are headed to zero. I suspect that BitCoin, Ether, and a few others will gain big market share, whatever that is. I also dislike the cryptos in the aggregate because they have clearly sucked out $$$ from gold. I much prefer literally holding gold or silver coins -- including classic Saints -- rather than owning some digital whatever.

No, I think he is saying legit coins switched into more valuable PCGS slabs. I'm reading the posts now....... EDIT: Read more posts....appears to not be opening up the holders, but just using a fake copy label.

Any more stories on Saints ? We're all ears.

Roger or Dave probably know, but I am sure there were probably strip-searches or the like each day for anybody working with or near the gold. They didn't even want anybody going home with gold shavings. Today it's probably electronic scanning.