| Author |
 Replies: 19 / Views: 3,436 |
|
Valued Member
United States
225 Posts |
Hi gang...Hope all is well. So, I have this 1986 Walking Liberty 1 oz. I have done research like always and have been seeing this coin on Heritage for thousands in an MS70 down to $75 on other sources. Can you please tell me what makes this coin so valuable and is this one worth sending off. This one below has never been out of the bag and seems flawless...no less than MS69.   |
|
|
|
Pillar of the Community
United States
7276 Posts |
I can get the same 1986 coin locally for under $30. I doubt selling it you will get more than mid $20.
|
|
Bedrock of the Community
United States
10982 Posts |
This is a first year of issue American Silver Eagle. Usually not worth grading (because chances of getting a 70 are virtually zero), it is a bullion coin worth a premium as a first year piece. This one sold on ebay today for $29. https://www.ebay.com/itm/Better-Dat...AOSw8o9eJ3F8That ($29) is where I would guess your coin would be value wise at the retail level. Wholesale it's a $20 coin. |
|
Valued Member
 United States
225 Posts |
Thank you guys so much for your feedback. So what makes the one on Heritage sold on Aug 12, 2015 for $7,637.50. so valuable other than it being a first year piece.
I only ask these question I do because I,m on the fence about sending off some nice looking coins for grading.
|
|
Pillar of the Community
United States
5832 Posts |
The original plastic bag is not a solution for long term storage in this case, it had likely leak harmful residue on the coin itself, and no longer mint state even if it once was. I can see 2 small nicks on the reverse above the leaves.
Search in the field for storage solutions.
Edited by macmercury
02/02/2020 12:24 am
|
|
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!
|
| |
Replies: 19 / Views: 3,436 |
Posted 02/01/2020 11:05 pm
