Add For NGC MS-70 Silver Eagles - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 6 / Views: 1,959
John Paul Valued Member United States 232 Posts	Posted 03/11/2013 10:18 pm Hello, A magazine I read (not at all coin related) often has coin adds in it for bullion coins or silver coins from various companies. These typically seem to have a fairly high mark-up, but I have never really comparison shopped. Recently was an add from a company which was claiming to sell 2013 silver eagles that were already graded MS-70 by NGC. Presumably they would need to have a lot of coins to justify advertising like that, but I would assume that MS-70 silver eagles would be hard to come by. I have no intention of buying these - but I am curious. Are there so many MS-70 silver eagles that this could be legitimate? Or am I missing something here? Thanks Report this Post to the Staff

John Paul Valued Member United States 232 Posts	Posted 03/11/2013 10:24 pm Oops - one to many d's in Ad in the threat topic. Perils of relying on spell-check. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 03/11/2013 10:31 pm Nothing suspicious about that ad. Theres a decent number of 70s for ASEs now a days. Compared to the total mintage theyre kind of scare (NGC is also loser with the 70s) but they arent hard to find if youre willing to pay Report this Post to the Staff
denco7 Pillar of the Community United States 2543 Posts	Posted 03/11/2013 11:14 pm Typically these places buy a monster box or thirty ..... of coins, send them in to be graded 69 or 70. As basebal said, with the improved quality at the mint, more and more 70's are graded. They then turn around and sell these $30 dollar bullion coins for $139 at MS 70 , sell the 69's for $99 and move the rest at spot + . I read somewhere ( and someone can dispute this ) that @ 10% of an unopened monster box grade at MS 70. So if you submit 15,000 coins you have @ 1500 to sell at MS 70. Report this Post to the Staff
John Paul Valued Member United States 232 Posts	Posted 03/12/2013 09:12 am Thanks, I had no idea that so many MS-70s were made. Is this just for the bullion coins or are circulating coins this high quality as well (before they circulate)? Report this Post to the Staff
Broken-Coin Pillar of the Community United States 1812 Posts	Posted 03/12/2013 1:03 pm I would add that before anyone purchases a MS69 or 70 ASE at the requested premiums asked, telephone local dealers and mention that you just received some as a gift and you don't collect coins and would like to sell them, then ask what they are paying for these coins, and then you'll know how much of a hit your going to take should you need to sell. I'm sure the offer wouldn't be much more then current spot. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 03/12/2013 1:27 pm Quote: Is this just for the bullion coins or are circulating coins this high quality as well (before they circulate)? They arent as high quality but theyre getting theyre Quote: telephone local dealers and mention that you just received some as a gift and you don't collect coins and would like to sell them, then ask what they are paying for these coins, and then you'll know how much of a hit your going to take should you need to sell. Or sell them on ebay for what theyre actually worth. Report this Post to the Staff
	Replies: 6 / Views: 1,959

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Third Party Coin Grading (TPG): PCGS, NGC, ANACS, ICG, ETC.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.25 seconds to rattle this change.