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 Replies: 22 / Views: 2,590 |
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Pillar of the Community
United States
3453 Posts |
Quote:
I thought the coin would need to be perfect.  Maybe it is me, but I have a very hard time believing so many coins are 70s in any series. I will confess my we bought a MS70 coin but I made sure that the price jump between 69 and 70 was not huge and made sense to us. Plus it was a coin I love so I can honestly say I have a MS70 coin I love. I will not regret its purchase ever. I believe these MS70 sets are more a fad; people who acquire them for investment will probably be disappointed in the long run. And to tie this back to the OP's question, I believe the bullion is being slabbed as it is following this current marketing fad. As long as the MS70s bring in high dollar$, anything will be slabbed in bulk to achieve that grade. Edited for spelling and grammar. Edited by CoinsKelly
02/02/2013 09:23 am
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Pillar of the Community
United States
2543 Posts |
Don't get so caught up in the numbers that you lose track of the meaning of the numbers.
First , proofs and mint marked Eagles are not bullion, so these MS70s don't count. Secondly only the best of the best are submitted to the TPGs for grading. With the cost of grading these days nobody submits a coin shop Eagle for grading and the TPGs do not work on a " examine it, if it is not a MS70 then send it back free of charge" basis. The cost precludes anyone but the most serious collector or a dealer from sending in bullion coins to be graded.
The 90,000 + that are submitted are carefully examined by dealers, who themselves are more often then not grading experts. These 90k submissions are the best of the best out of a mintage of 30 plus million, so the fact that 70k plus get MS70 is not surprising at all.
Has the quality of bullion gotten better ? I think so ........
I have several MS 70 Eagles and not one of them has a mark on them
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Pillar of the Community
United States
4901 Posts |
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Loosened a tad...(your) my choice.  YA THINK? Say you were a budding dealer back in 1989 and decided to send in 1000 ASE's a year for 5 years to PCGS to get a stock of some MS70 coins back for sales... TOTAL 70's graded in 1989...zero; 1990...zero; 1991..zero; 1992...zero; 1993...zero Me thinks I would reconsider that business plan... Now on to 2010 where I would have 750 MS70's out of my 1000 for that year. I'm sure it's all from Mint quality improvement......NOT! |
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Pillar of the Community
United States
2543 Posts |
Quote:
Me thinks I would reconsider that business plan... But again, why ? It is not like they don't get paid if it is not a MS 70 .They still get their money and it makes their MS70s all the more rare and more coveted. |
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Pillar of the Community
United States
1339 Posts |
Just the topic I need.....Yesterday I fell in love with a coin at my LCS...It's a first release PCGS PR-69 reverse proof 2012...It's the only slabbed eagle I own.....It's beautiful!! Paid $100 for it ...Love it ,but not sure it was a wise purch ASE |
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Pillar of the Community
United States
919 Posts |
If the standards have changed that much just resubmit the earlier coins and see how many come out MS70's.
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Pillar of the Community
United States
4901 Posts |
Quote:
But again, why ? It is not like they don't get paid if it is not a MS 70 .They still get their money and it makes their MS70s all the more rare and more coveted.
A dealer makes next to nothing on MS69 graded bullion coins so it WAS a waste of time and resources...and yes, zero 70's over that 5 year period would make the resulting 70's more rare and more coveted....oh wait....there AREN't ANY! |
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Pillar of the Community
United States
4901 Posts |
Quote:
If the standards have changed that much just resubmit the earlier coins and see how many come out MS70's. Hmmmmmm.....I do have quite a few sealed original rolls of 20 from 1986-2005...could be worth peeking at them under a loop.... Hmmmmmm..... Here's a receipt from when I could buy them from my local bank....(check out the price for a roll of 20)  |
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Pillar of the Community
United States
2543 Posts |
Quote:
But again, why ? It is not like they don't get paid if it is not a MS 70 .They still get their money and it makes their MS70s all the more rare and more coveted I was talking about the motivation of PCGS to lower their standards as you have suggested. They still get paid whether it is 70, 69, or details. And by giving less 70s they are now considered the premier grading service. |
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Pillar of the Community
United States
4901 Posts |
Quote:
Just the topic I need.....Yesterday I fell in love with a coin at my LCS...It's a first release PCGS PR-69 reverse proof 2012...It's the only slabbed eagle I own.....It's beautiful!! Paid $100 for it ...Love it ,but not sure it was a wise purch ASE Great choice for your only slabbed ASE....2nd lowest mintage reverse proof..The RP's are great coins and will always demand a premium over their burnished counterparts. A PF69 group of the RP's from 2006, 2011, 2012 (and soon 2013) is possible without breaking your budget...and most of them are indistinguishable from their PF70 brothers (or would they be sisters?) (and..at $100 you got a nice bargain) |
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Pillar of the Community
United States
2543 Posts |
$100 is a great buy, saw these on HSN last week for $199.99 |
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Pillar of the Community
United States
4901 Posts |
They presently are going for $116-135 up about $20 from December
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Bedrock of the Community
13014 Posts |
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A dealer makes next to nothing on MS69 graded bullion coins so it WAS a waste of time and resources Thats only true if there are 70s. If their isn't a 70 the 69 becomes the new 70. Quote:
If the standards have changed that much just resubmit the earlier coins and see how many come out MS70's. Exactly, if that were the case we would be seeing massive resubmissions. Its really not far fetched at all to assume the mint made upgrades over the last 20+ years. |
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Valued Member
United States
455 Posts |
Quote:Great choice for your only slabbed ASE....2nd lowest mintage reverse proof Which one is the lowest mintage? Thanks. Dave |
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Bedrock of the Community
13014 Posts |
Kurry the lowest RP is the 2011 only 100k of those sets were made.
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Replies: 22 / Views: 2,590 |
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Posted 02/02/2013 10:29 am
