1986 Silver Proof Eagle, Would You Get It Graded?

Imposable to grade a 70 coin with photos,needs to be in hand. If you send it in use PCGS because you will get more when selling it.
John1

You are also correct its a long shot with an MS70, but it can happen. You should know several things:
1. A lot of collectors like to send a coin in to have the experience. I did this also when getting back into the hobby.

2. A coin broken out and resubmitted, even to the same company, is never guaranteed the same grade again. grading is totally subjective with no verfiable standard behind it. This is likely how they keep people wanting to try the gamble of getting the "money level" grade.

3. A large volume dealer I know (ACE coins in Hagerstown, MD) did a private study not so many years ago and polled hs other dealer friends. He found a consistency in that when they would send in monster boxes of silver eagles each year, it was a consistent 20% that was MS70. He showed me, and challenged me to look for myself at others I would find, to look at MS70 slabbed Silver Eagles and it was not hard to find coins with rim dings, small marks, etc. He was convinced the companies just skim the top of the boxes and slab them as MS70s. Since there is no accountability with them...why go to the effort? Remember this is not proven fact, but theory...and the numbers seem to support it as does inspecting many MS70 slabs.

4. Things such as at this link are not difficult to find:
http://goccf.com/t/346174#2967242

To make sure my position and reason for posting is clear:
My stance on these companies is they are just that: businesses just trying to make a profit. They do not use verifiable standards and it helps them profit from people wanting to gamble on getting that "money grade." The online registry sets have created a competition that aids the "gamble game" b/c people pay more and more trying to get the highest graded slabs in their registry sets.

A former member, Biggfredd, shared the following:
http://goccf.com/t/130186

If a scientific grading method was used so the same coin always got the same grade, which is likely very possible with modern tech and has been for quite awhile, there would be no gamble.

Slabs are not evil, but the company reputations attributed by the market (and marketing plans) leaves a lot to be improved for the money they charge

If you are aware of the above and simply enjoy slabs, then go for it. Slabs look great and it can be fun to collect them. Just remember as is said on this forum many times, "
Buy the coin and not the slab."

BTW - check eBay auctions - usually PCGS slabs can bring in a higher profit when sold. The other "game" involved in profits is paying another company to see if they will affix their CAC ticker to the slab. They charge you to evaluate their own "expert" opinion of how well the "experts" at the "expert" grading company did their job.

Peeking into the future...

Thank you for all of the replies.
This reminds me of the industry I have been on for over 20+ years. The diamond industry.
I have been a diamond grader/QA gemologist at the 'best' lab and it's the same exact thing..... It is an opinion and then it is verified by other graders and if 2 agree on the grades given, that's the grade it gets, for better or for worse.

So I appreciate the insight.

It's just funny to see a $30 common coin sell from $100-$900 just based on the grade given, that's why I asked.
Again, the same as the diamond industry......

I'll send it in to see what happens as I do not see any marks or dents, but this is not my expertise.

Thank you,

David

Good luck!

"Fractureless Slab".

Love it.

I see plenty from $800+ that have sold on ebay.
Some have the brown or green label or some of the other 'special' characteristics, but a lot of them without that have sold for around these amounts.
Not sure why a regular one would sell for $300, when some are fetching at least double.
Unless those 'sold' prices are bogus oon Ebay?

"I see plenty from $800+ that have sold on ebay.
Some have the brown or green label or some of the other 'special' characteristics, but a lot of them without that have sold for around these amounts.
Not sure why a regular one would sell for $300, when some are fetching at least double.
Unless those 'sold' prices are bogus oon Ebay?"

Not bogus, this is something to do with specialty labeling and signatures and them having different population numbers in that labeling format. if you are into that sort of thing as a collector.
the standard Blue PCGS Label, PR70DCAM $200-$400 normally, average of $300 but depends on how many are for sale at the time.

And anyone making crazy money on and item ebay with 0-5 feedback and like tons of bids is likly bidding on his own listings using a strawman account or something to push the price up. So there is that factor also on some of them.

it's mostly the fancy labels though.

The labels are just another marketing strategy. Different labels have created a way that the same coin can be sold to someone who already had it b/c the packaging is different. Some people like to collect by label as well. I actually am surprised they don;t have different color plastics for the slabs as well as making annual different colored inserts in the slabs.
...give them time.

Personally I am more concerned about the coin than what a company packaged it in, but there are some who collect the coin+packaging...it gives them a good way of owning more of the same thing, but technically be able to justify it to the wife as being a different thing!