BETTER-DATE SAINT GAUDENS MARKET INTEREST

 

After years of mediocre performance, the Saint Gaudens series has taken off over the past 12 months. The lack of interest in, what is arguably the most popular U.S. series of coinage, was a head-scratcher. Part of the problem is that the vast majority of "Saints" on the market are the same handful of dates that exist in the tens of thousands. Even in higher grades (MS60-64) these coins are everywhere and trade relative to their intrinsic (metal-based content) value. It's no wonder collectors and investors fail to get excited about them.

There are many other issues in the series that are slightly-better (like the 1908-S, 1922-S) to quite rare (1931) and highly sought. Illogically, these were being overlooked and levels had been flat for a long time -- until recently.

Why???

The match lighting the tinder box occurred with the sale of the unique-in-private-hands 1933 Saint Gaudens in June 2021. This was a game changer. Greysheet editorial contributor, Greg Reynolds, wrote an important story at the time. This sale seems to have shocked buyers into attention for the numerous rarities in the series and prices at auction are shooting up, after years of malaise.

All of this suggests that we are seeing renewed interest and demand for dated U.S. gold material and the buyer base is much greater than it had been. Taken individually, these coins are quite scarce and there's no depth of inventory to sustain great demand so new levels are eye-popping.

To read the complete articles, see:
1933 Double Eagles, Part 1: Analysis of The Auctions (https://www.greysheet.com/news/story/1933-double-eagles-part-1-analysis-of-the-auctions)
The Saints are (Finally) Marching! (https://www.greysheet.com/news/story/the-saints-are-finally-marching)

 

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