The last time we’ve seen a PCGS AU58 example of the 1855 $20 Kellogg come up for sale was in August of 2006. It brought a respectable $21,650 in the Heritage ANA Sale as lot #5775. On lot later (#5776), a similarly described coin, only this time certified by NGC as AU58, brought $12,650. No wonder enthusiasts typically prefer the PCGS holder over the NGC holder. But make no mistake about it, when it comes down to buying Pioneer gold, buy the coin first and the holder second-! If it turns out you’ve paid a lot for the coin, don’t worry – you just bought it too soon! The price will eventually catch up and surpass what you paid, but the most important aspect is you actually secured the opportunity to acquire such a piece.
Potential buyers of the Kellogg $20’s should exercise caution when offered AU58 examples. The NGC AU58’s seem to be trading in the mid-to-high teens and are encountered at least 8 times as much as the PCGS AU58 coins. Also, there’s a reason the Collector’s Universe PCGS price guide has the issue listed at $27,500…they’re worth it. And try to find one!! We do have an exceptional example offered here and once again, as we had originally placed it with one of our loyal customers some years ago.