Stampvirgin States " 99% of coin collectors couldn't tell the difference between a 69 and 70.."
I believe the percentage is not all that high, I also believe that Many collectors are out to buy a slab, not the coin.......... Where are all the old school Collectors, The one's that did the research and put in the time and have the experience to judge and grade coins for and by themselves.IMO, Slabs are a new breed of collectors, since 1986.....
Supply and demand. Pre 2008 ASE's were nothing like today's super high mintages and TPG's now giving out 70s like candy on bulk submitting by monster box
Sometimes people collect bullion coins for the numismatic value. The difference between the cost of a generic bullion coin (or bar) and the cost of the coin is the numismatic value. In this particular case, MS70 certified examples are apparently pretty rare even though the coin is fairly common. There are a group of people who will pay extraordinary prices for coins that 3rd party grading services deem perfect (MS70). I think it's foolish, but someone has to part them from their money. It's fine with me. That means they're not spending their money are truly rare coins, so they'll cost less when I want to buy them.
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