Each month, ASI’s Spotlight coin program provides in-depth information and analysis of a coin, or coin set, that we believe is of good value and will put you in a position to succeed in the future. The process of finding, selecting and obtaining coins for this program takes months of work and effort before a offer is released to you. However, we will only have a limited number of coins or sets, available. If something is truly a ‘deal,’ then it cannot be open-ended. While every coin is not for every person, we will only Spotlight coins that meet our specific criteria and are priced correctly. We want you to buy the “Right Coin at the Right Price” for your portfolio. The right coin for you serves your goals and needs.
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July Spotlight Coin
3 Reasons Why You Should Own These Exceptionally Rare MS66 $20 Saints
As many of you are aware, the $20 Saint-Gaudens Double Eagle is one of our favorite coins. These big, beautiful, and immensely popular pieces are one of the best ways to own numismatic gold. Few other coins can boast such an intriguing backstory, gorgeous design, and attractive price point.
Over the years, we’ve offered some outstanding values on $20 Saints—including some great opportunities for scarce, mintmarked, and low-premium issues. However, today is the first time we’ve featured ultra-rare MS66 $20 Saints. Why? As we’ll describe below, these “super-grade” $20 Saints are extremely difficult to find. We see small groups here and there, but hardly do we ever see a couple dozen in one place. Secondly, MS66 coins are now available at a 10-year low premium. They’re trading for $1,000 less than where they were just a year ago! If your portfolio doesn’t contain MS66 $20 Saints, now is the time to add them.
Rarity of MS66 Saints
Perhaps you’ve never encountered an MS66 $20 Saint—and there’s an excellent reason why. When $20 Saints were produced by the U.S. Mint, they were often dumped into giant hoppers—single denomination coin dispensing devices—once they came off the dies. They immediately acquired marks and abrasions from making contact with other coins. From there, $20 Saints were usually shipped off in canvas bags. The coins would continue to jostle around and take on even more nicks. Even before a $20 Saint entered circulation, there’s a good chance it deteriorated to an MS62 or MS63. For example, one of our trading partners had uncovered some original hordes of $20 Saints in Europe. Even though these coins never entered circulation and went untouched for decades, they tended to grade no better than MS63.
How rare, exactly, are MS66 $20 Saints? To give some context, there are probably over 4 million $20 Saints in existence across all grades. This includes “raw”, worn/circulated uncertified coins. As for graded specimens, NGC has certified approximately 970,000 pieces. Of those, fewer than 20,000 coins have qualified for the MS66 grade. In total, we believe less than 1% of all $20 Saints in existence have survived in MS66. It’s a miniscule percentage, but given how these coins were handled over the decades, these figures make sense.
What doesn’t make sense, however, is how MS66 $20 Saints are currently priced. There are three factors contributing to why these coins are severely undervalued today:
- Limited Supply for a Huge Audience: The $20 Saints series is quite possibly the most popular of all U.S. gold types. We estimate that more collectors and investors own $20 Saints compared to any other vintage gold coin. The series also has tremendous crossover appeal with American Gold Eagle buyers. When the bullion market heats up, investors often “discover” the $20 Saint coin due to its common design with the Gold Eagle. With fewer than 1% of all $20 Saints grading MS66, we see a severe mismatch between supply and potential demand.
- Priced Well Below Recent/All-Time Peaks: Today, a $20 Saint has a melt value of over $1,200 per coin. In most Uncirculated grades, they sell for $1,400-$1,500 per coin. With that in mind, logic would indicate an MS66 should sell for at least triple or quadruple the price, and that’s exactly how MS66 $20 Saints were priced for much of the past decade. For instance, in 2007, spot gold was in the $700s and MS66 $20 Saints were $3,000 each. When spot crossed $1,000 per ounce in 2009, MS66 $20 Saints surged to a peak of $4,160 per coin. Now, incredibly, spot is hovering over $1,200 per ounce; yet, the current NGC Price Guide is only at $2,700 per coin!
- Massive Spread to MS67: MS66 $20 Saints are rare—but MS67 specimens are basically non-existent. This is definitely reflected in their pricing. Every “With Motto” $20 Saint in MS67 carries an NGC Price Guide value of $12,250 or higher. With MS67 pieces selling for 4x-10x the price of an MS66, they are relatively unaffordable to the average collector. This giant spread between the grades makes MS66 coins an outstanding value with significant room to grow in price.
Why are MS66 $20 Saints especially compelling now? In December 2016, their NGC Price Guide value was $3,950 per coin. Today, the Price Guide values them at $2,700 per coin. MS66 $20 Saints are clearly “on sale” and trading at an absurdly discounted premium! Quiet markets like this provide savvy investors with superb opportunities—and this is a prime example. At no point in the past 10+ years have MS66 $20 Saints been so affordable. The last time they were under $3,000 each, spot gold was still in the $800s. Even in 2005, when gold was in the $400s, MS66 $20 Saints were still wholesaling for $2,500-$3,000 each!
Don’t Let These MS66 Coins Slip Through Your Fingers
MS66 $20 Saints might be on sale, but supply remains tight. We have only 24 coins available for you at $2,399 per coin*. Not only that, but if you buy four different coins, we can guarantee you four different dates for $20 Saints. Please note that we only have four different date sets available.
Each of these MS66 $20 Saints has been hand-picked by our coin experts to assure they are of the highest quality. Commensurate with the grade, they exhibit virtually immaculate surfaces, intense luster, and outstanding eye appeal. For a $20 Saint to qualify as an MS66, it must truly dazzle. There’s a reason why so few make the cut!
We doubt MS66 $20 Saints will be available at tiny premiums for much longer. ASI has been actively monitoring $20 Saints for decades and has been a major supplier of graded coins for many years. We’ve never seen MS66 pieces available at such heavily discounted levels. There’s a reason why we’ve never been able to feature them in our monthly Spotlight; the coins simply haven’t existed! Now is a rare opportunity to acquire some of the finest $20 Saints in existence—at a previously unheard of price.
These $20 Saints are incredibly rare, and because of our limited supply, we predict these coins will go fast! To avoid missing out on this exceptional opportunity to add MS66 $20 Saints to your portfolio, call us at 800-831-0007 or email us.
*Prices are subject to change based on market fluctuation and availability. Prices reflected are for wire transfer, check, or cash only. Coins are sold on a first-come-first-served basis. Only four date sets are available. Offer expires July 7, 2017.