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Remember the Ultra High Relief Gold $20?
May 17, 2010

It has been some months now since the 2009 Ultra High Relief Saint-Gaudens gold $20 piece went off sale.

After being available for nearly all of last year and collectors buying 115,178 of them, the coin has fallen off the average collector’s radar screen.

Coin Market editor Harry Miller says the coins are trading at about $1,685 on the retail market if you want to buy one.

That’s about 37 percent over bullion value.

Though you will likely not get an MS-70 version, it is interesting to see that the coin is priced almost as if the U.S. Mint was still selling them. The current mark-up over bullion is virtually identical to what the U.S. Mint would charge a collector.

So on the positive side, collectors who are late to the party are being penalized only by the amount gold bullion has risen in price since the first coins were sold in January 2009.

That’s not a bad deal, but it should also serve as a warning that the gold bullion content aside, it is not likely to be a 2010 speculative darling. Investors are not likely to find it appealing.

Does it matter?

It is important that collectors buy it because they love the beauty of the work as the artist originally intended it to be seen and not as an effort compromised by the stacking needs of the nation’s banks as circulation strikes of 1907-1933 are.

Shouldn’t that be enough?

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Recent Comments
On May 18, 2010 harvlaser said
If you own one or more UHRs and can get NGC to bless it with their "Prooflike" designation, even if it "only" grades MS69, it's worth somewhere between four and six grand.. PCGS doesn't offer the "Prooflike" designation, so NGC is the third party grading company of choice for these coins, (and it has to be Prooflike on both sides).. if one thinks one has one that'll get that designation on the label.. an NGC MS70 Prooflike Early Release sold on eBay last week for over $30,000.00!..
On May 18, 2010 test said

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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