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 Replies: 21 / Views: 4,128 |
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Pillar of the Community
Canada
5324 Posts |
So he is only charging 850.00 Canadian for the set of five ?
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Pillar of the Community
Canada
3733 Posts |
spot is 1564.. so i/2 ounce is 782$ plus 100$, 882$ Canadian.
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Pillar of the Community
 Canada
798 Posts |
Silveroid,
I have not seen that coin before but apparently NGC has graded 164,000 of them in MS70 for a Chinese bullion bank.
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Pillar of the Community
710 Posts |
Yes I saw these at a precious metals dealer but extremely overpriced.
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Pillar of the Community
Canada
6768 Posts |
Quote:
I have not seen that coin before but apparently NGC has graded 164,000 of them in MS70 for a Chinese bullion bank. Nice info, thank you. That's the point, there is some commissioned coins, minted by RCM, that we hardly aware of them. |
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Pillar of the Community
Canada
5324 Posts |
This has to be a typo error by NGC, there are very few RCM NCLT coins that grade 70 being made from ultra slow 1 or two coins a minute with perfect dies, while bullion products I assume is produced like circulation coins where quality is not a main goal. You just have to submit too many units to attain 164000 ms70 using logic |
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Pillar of the Community
Canada
798 Posts |
John, that number is real. I actually called them on it. They were all processed in the Hong Kong office. I was told that on a large order like that, the client can request that MS70 be the minimum grade, and everything below that can be given a genuine grade. I've never seen one in a holder. When I first noticed this, there were 79,000 graded. Now there is 164,000. The are Year of the Rooster coins in MS with a $15 denomination. If you look, there have also been submissions of 1 million coins at a time in the Eagles and Pandas series. I have had to wait weeks for a submission before because NGC was processing submissions of 250,000 coins or more in one order. Interesting to note that none of these massive orders of coins ever make it to ebay. |
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Pillar of the Community
Canada
5324 Posts |
If NGC just courtesy grade volume coins to grade 70, with these amounts genuine, then it defeats the purpose of a ms 70 coin, it becomes slightly above bullion value if there are well over 100,000 units graded 70. I can't even imagine how many graders and the buildings needed to grade a million coins or just 164000
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Pillar of the Community
Canada
798 Posts |
I agree. And if the purpose is simply to invest in silver, why not just buy serialized 1000oz bars?
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Pillar of the Community
Canada
3733 Posts |
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Pillar of the Community
Canada
5324 Posts |
It's a cool idea if the premiums are reasonable, looks really nice
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Pillar of the Community
Canada
798 Posts |
Stunning gold! Thank you!
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Pillar of the Community
710 Posts |
Excellent picture. So what is the pointing of grading and why would a TPG even agree to grade bulk shipment? |
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Pillar of the Community
Canada
5324 Posts |
You are referring to Hong Kong or China, the land of the counterfeits, only reason is they can't sell them with out grading but I agree grading NCLT are basically pointless especially if there are like 164000 ms 70. Another recent poster asked about a NGC MS69 bullion Canada coin and none was higher for that year, so how can NGC grade ms 70 on 164000 of this bullion unit ?
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Pillar of the Community
Canada
798 Posts |
Here is mine!  |
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Posted 09/11/2018 7:20 pm
