| Author |
 Replies: 19 / Views: 3,440 |
Page 2 of 2
|
|
|
|
Pillar of the Community
United States
7276 Posts |
I don't know which one you are talking about on heritage. Its probably a PF70 and some rich guy needed it because to get a higher registry number. Yours won't (well it's not a PF70 but companies grade what they want) grade a pf 70.
|
|
Bedrock of the Community
United States
17884 Posts |
More likely a MS-70, I don't think a PF-70 would go that high. 70's from the early years are scarce, but they would be more common in the proofs than in the business strikes,
|
|
Pillar of the Community
United States
646 Posts |
That coin would not have originally come in that bag and just from that can tell you it almost certainly couldn't grade ms70. Most people submit them straight from the cases they came in from the mint, and still only get ms69. Even if you did get ms70, it would only be worth a few hundred dollars. Not sure what auction you're talking about, it's probably an older one or the dollar had an error.
|
|
Bedrock of the Community
United States
62064 Posts |
I'd get it out of the plastic bag before PVC damage happens to this coin. Grading would probably cost as much for this one, as value for it.
|
|
Moderator
 United States
54282 Posts |
|
|
Pillar of the Community
United States
4085 Posts |
^ Seems crazy because 5 other 70s listed on the HA page for the coin above sold for anywhere from $500 to $1100
Edited by KenKat
02/02/2020 3:28 pm
|
|
Pillar of the Community
United States
2023 Posts |
That $20k+ auction at Heritage was in 2013, and the description there claims an MS70 population of 3. Current population at PCGS is 470, which would somewhat explain the high price seven years ago and the sharp decline since then.
Still, as others have said, the chances of this one getting a 70 grade are slim.
|
|
Bedrock of the Community
United States
62064 Posts |
|
|
New Member
United States
16 Posts |
Coop makes an excellent point. When MS-70 attributions became more popular a small number of coins like 1996 Silver Eagles graded at MS-70 sold for exorbitant amounts. Even if these coins were generally worth the cost some have paid in the past (at least to them) even the smallest bagmark, slight circulation (fingers rubbing it through the plastic, even), "ugly" toning, can effect the grade and/or the price someone is willing to pay.
This is why the best rule of thumb with any slabbed coin is to ignore the slab (beyond any typos or signs of counterfeit) and give your attention to the coin. You can lay 10 MS-65 examples of X coin in a row and one may have more bag-marking in the raised portions of the design, one may have deeper dings, etc.
|
|
Pillar of the Community
United States
2023 Posts |
Quote:
Can you see a difference between these two? coins two and three on this link: Yes. On the obverse, the 70 has three visible lines on his neck behind his jaw; on the 69, the middle line is barely there. On the reverse, the tail feathers on the 70 are more clearly defined. Those differences might be in how/when the photos were taken and not observed in-hand, but you did ask.  |
|
New Member
United States
14 Posts |
nss-52, bummer for those who bought the first ones. YIKES!
|
|
Bedrock of the Community
United States
62064 Posts |
I was showing how, big the gap is between the one grade and the prices were so far apart. What differences does this make. Well if it costs more for grading than the coin is worth, what is the point of having them graded. Many collectors will have them submitted thinking they have a high grade coin, when they are not worth sending them in at all. Some new collectors feel even circulated coins are something that must be sent in and graded. Where are they getting these ideas. Someone must be put these ideas out on the net? We get that question asked here a lot, by new forum members. The fact is that it is just certain coins are the high dollar coins. The rest are just collectable coins/album coins and lastly spendable coins.
|
|
Bedrock of the Community
United States
17884 Posts |
One reason the early coins are/were rare in top grade was because back then grading was only a MINOR thing. The services might only get 20,000 coins or less per month, and the ASE's were looked upon as just bullion not really a collectible coin. Also the Mint was not trying to strike them to high quality standards. The ASE was just a way to sell off the strategic stockpile of silver. The idea of searching and slabbing them for high grades didn't really come along for several years, by which time a great many of the top quality coins had been mishandled. I think most of the 70's we see today on the early years are quite possibly the result of relaxed standards more recently because the market is demanding 70's. |
|
Pillar of the Community
United States
7276 Posts |
I just went to the LCS picked up an 1986 for $21. I doubt yours is worth more than that.
Edited by hfjacinto
02/03/2020 7:30 pm
|
|
Valued Member
 United States
225 Posts |
Thank you all for your awesome feedback...that's why I like this getting with you all before jumping into things.
|
|
Page 2 of 2
|
Replies: 19 / Views: 3,440 |
Page 2 of 2
|
First Page
Posted 02/02/2020 09:45 am
