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PCGS Price Guide

October 25, 2010 – The Professional Coin Grading Service (PCGS) recently updated their official price guide for pre-1933 US gold coins, and the first thing that pops out is that we see lots of black, green, and red. Usually the coins move in two groups: rare coins and common-date coins. Rare coins tend to move in fits and spurts according to auctions and collector interest, while common-date coins historically trend in the same direction as the gold spot price.

This isn’t the case currently, because some of the common-date coins have outperformed others over the past month. The MS64 and MS65 $20 Saint Gaudens rose to $2210 and $2850, respectively. The MS62 and MS63 versions of the same coin, however, have only been able to maintain the same value they had the last time the price guide was updated.

This can be attributed to a couple of factors. First, there are much less of the higher grade coins than there are of the 62s and 63s, so they naturally profit more. Less than two-tenths of 1 percent (<0.2%) of the $20 Saint Gaudens coins ever minted are MS64 grade or higher. Second, the gold spot price dropped over $50 this week. With this in mind, it is actually quite impressive that pre-1933 gold coins have held their value so well.

As far as the coins in red mentioned in the outset, they are found in the rarer coins (1907, 1909, 1914, 1929, 1931). To find gold coin values not listed here and to buy, sell, and trade gold coins directly with GoldCoin.net, send us an email or call us toll-free at 1 (800) 300-0715 today.

Kevin Johnson

Senior Staff Writer – GoldCoin.net

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