concerning the market in 1854-1889 usa three dollar gold pieces

[michael]

The U.S. Gold market is on quite a ride. The demand for most gold coins is strong but there are certain areas that are so hot the demand has soaked up nearly all the supply.

 

The most active series is $3 Gold where the FMV has been sky-rocketing for several months now. It is to the point that we are not seeing anybody advertise any coins for sale because when they do happen to walk in the door of the coin shop, the dealer knows right where to go to realize the highest price. Dealers are falling all over themselves trying to be the highest buyer when coins are made available.

The seller can just about name their own price because of the extremely short supply. As all good things, this has to come to an end. Or, does it?

 

There are numerous standing orders for many of these issues in Very Fine to high Mint State grades.

 

Furthermore, the higher FMV prices are not producing substantial new supplies onto the marketplace.

[Oldtrader3]

Michael: I believe as you do, that $3 Princess gold has been underpriced for years, with some scarcer issues only priced 4-5X of their 1969 price as late as one year ago. Other gold denomination, scarce dates have risen 10-20X in price over this same period. Even gold bullion prices are 10X what they were in 1969. Many (most?) dates in grades over MS63 are scarce to rare, with MS pops being somewhat unreliable because of scarcity generated resubmissions over the past (15) years.

 

My crystal ball is always a little cloudy, but I don't see diminished demand and increased market supply for these coins any time soon. Especially now that the market has finally tuned in to this denomination.

 

The market for nice, properly graded MS, Indian ($2-1/2, $5 & $10) gold coins is also very, very strong right now with auction bids way above retail pricing. I have been looking for several pieces for many months now and either can not find, nor bid high enough (when I do find them) to buy any.