Is this value right?

[golddigger14s]

I have some graded 1904 MS 63 $20 gold coins that according to PCGS they are about $4700 (3/26). The current price of gold is about $4500 which means that the numismatic value of the coins is only about $200. Is that accurate or am I missing something?

 

[ConceptualizedNetherlandr]

It seems that historically when melt values rise numismatic values do not increase. Add in getting it slabbed and other transactional costs, risks & uncertainties ... just melt it.


The melt cost underlying the collect-ability puts coins out of range.

 

[AU Seeker]

I have some graded 1904 MS 63 $20 gold coins that according to PCGS they are about $4700 (3/26). The current price of gold is about $4500 which means that the numismatic value of the coins is only about $200. Is that accurate or am I missing something?

$200 is not correct, those coins are only 90% gold @ 33.4 grams so they only have $4342 of pure gold in them as of this moment, so the difference is around $360 not $200

 

[ToddsPoint]

Believe it or not, over half the surviving double eagles are dated 1904. The entire production of 1904 $20s was sent to Europe and survived the 1933 melt. Your double eagles will always be worth whatever an oz of gold is going for, plus a premium if it is a scarce date. And more premium if is graded high.

 

[BennyV]

Believe it or not, over half the surviving double eagles are dated 1904. The entire production of 1904 $20s was sent to Europe and survived the 1933 melt. Your double eagles will always be worth whatever an oz of gold is going for, plus a premium if it is a scarce date. And more premium if is graded high.

Didn’t know that. Very cool.