Do you own any
double eagles? Specifically do you own any "common
date" St Gaudens double eagles? About a year
ago, I advised that people back off the Saint
Gaudens market, unless the coins were either
the great rarities in the series, had been approved
by CAC, or were the more common dated coins.
In fact I was very bullish on the common dates
and quite a few people took my advice and bought
them.
Well here we are,
a year later with the stock market continuing
to take 2 steps back and 1 step forward, the
economy in shambles, gold hanging in there in
the $900.oz range, and the coin market, the
last bastion of free enterprise in the USA not
only hanging in there but in many cases prospering.
With a virtual
communist running this place, none of this should
come as no surprise. The fact is, more and more
people are buying tangible assets as not only
a hedge against inflation. People are buying
tangible assets, namely rare coins as an investment.
And many have made a good investment in common
date St. Gaudens Double Eagles. Check out these
price increases over the past 12 months or so.
1922
St. Gaudens Double Eagle MS62
February 2008: $1,050.00
March 2009: $1,500.00
Gain+ 50%
1924 St. Gaudens Double
Eagle MS63
February 2008: $1,100.00
March 2009: $1,600.00
Gain+ 50%
1924 St. Gaudens Double
Eagle MS65
February 2008: $1,600.00
March 2009: $2,200.00
Gain+ 38%
There has been
a huge demand from all sectors who think that
the dollar will continue to depreciate as the
government continues it’s massive borrowing,
spending and printing. The new president, who
some people thought was representing “change”
sure has changed things. It seems this one is
trying to reduce America to just another socialist
state, and making the previous administration
look almost conservative in its spending. Who
would have thought that we would be ballooning
the debt to such levels? Well it’s a reality
and thankfully, in this financial sea of turmoil
and losses, here are a few examples of how WELL
we are doing in the coin business.
We are all different.
And while it would be easy for me to say “sell
them all now!” and take your profits,
what would you do with the money after you sell
them? My suggestion to you at this point is
to take stock in what you have, develop a real
plan for the years ahead and then implement
that plan. I am here to help you. I am here
to help you. Give me a call and let’s
talk about where you are heading with your rare
coin investments. We are in a time that is unprecedented
in American history and Ladies and Gentleman
I submit that we have a lot more spending, borrowing
and printing ahead of us. We may even have more
wars if this government has its way and I believe
they will have their way. Don’t get caught
on the wrong side of the market. Give me a call
today, send me an email , yell really loud thru
a soup can and string but DO contact me and
let’s get you straight with your coin
investments while times are good!
