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 Replies: 96 / Views: 9,141 |
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Pillar of the Community
United States
2311 Posts |
I been just searching random ebay coins and PR-70 or MS-70 cost a lot more than others. Now what I don't get is, you could pick up a 69 for less and it doesn't look bad. I don't have any coins graded 70 but I got one in 69. I feel like picking one up in 70 but I am not going to overpay for it. What I'm asking about is, how do you feel about modern PR-70 and MS-70 coins? Do you think they're going to be worth more money later on? Examples: http://www.ebay.com/itm/2003-S-10C-...em19d2a76640Couldn't fine the same year http://www.ebay.com/itm/2005-S-Roos...em1c2932b1a7Edited by solotime
05/13/2013 4:32 pm
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Bedrock of the Community
13014 Posts |
I do think theyll be worth more later on, whether or not their value will go up over the current prices is a different story. But there are far fewer 70s than 69s so they should always carry a premium over them
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Pillar of the Community
United States
3486 Posts |
Reaching for the proverbial can of worms and an opener ...
For myself I feel that MS-70 and PR-70 coins are the most hyped item in the hobby today.
It is very much an "ego" thing to have '70' coins.
Old time collectors, and thankfully some new collectors as well, do not fall into the trap
of "modern perfection" and instead, seek out decent examples of older coins.
"Do you think they're going to be worth more money later on?"
Of course, when the next "greater fool" comes along.
If you cannot detect a difference, why pay a premium?
Heck, I stick to XF and AU coins myself.
Other opinions WILL differ ...
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Pillar of the Community
 United States
2311 Posts |
Thanks baxebal21, that's what I have been thinking. But do you think MS-70 is better to buy? Or PR-70? Because proofs are always kept safe, so therefore they would stay in high grades.
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Bedrock of the Community
13014 Posts |
Solo it depends on the coin. Personally I feel MS 70s have more potential upside since their numbers are usually lower but I'm bias towards the ms over pf coins anyway. There are some PF 70s like the reverse proof ASEs that carry LARGE premiums from their issue price. There is some variation by series but generally speaking the MS70s seem harder to find overall though thats not the case with everything If you like proofs better go with that, if not go with MS. Or go with both if you cant decide  Edited by basebal21
05/13/2013 4:56 pm
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Pillar of the Community
United States
2311 Posts |
Quote:
Of course, when the next "greater fool" comes along. Ha ha that parts well said! Quote:
If you cannot detect a difference, why pay a premium I see what you are saying. I mostly buy coins that I want, not what other people like or want. Now a PR-69 suits me very well, but PR-70 would be pretty cool to own. Now I would ONLY buy like one of them. I do like getting the older coins such as, Buffalo's, Indians, all the different Liberty's, Franklin's, and so on.  *added* Quote:
If you like proofs better go with that, if not go with MS. Or go with both if you cant decide Very true! I really can't decide though. But remember, only one graded 70 coin would be enough to own. ( like I would only buy one  ) Edited by solotime
05/13/2013 5:01 pm
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Pillar of the Community
United States
899 Posts |
I agree with basebal... MS70 is a bit more of a find. Now value also depends on the coin, not just classification. There are some coins that a MS70 grade really isn't going to change the value of - and some coins that will have so many MS70's that the market will treat them as any other coin and give it little value over MS69.
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Pillar of the Community
United States
3486 Posts |
OK, solo, I give in.
A single "70" to boast that you have one.
Doug - GREAT POINT!
"... so many MS70's that the market will treat them as any other coins...."
Ask yourselves, "Who is that market?"
NOT ME! Nor most true collectors.
Only those who are sold on the idea that "70" is the key to making money.
I truly feel sorry for them.
But not my problem.
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Pillar of the Community
United States
2543 Posts |
Quote:
"Do you think they're going to be worth more money later on?"
Of course, when the next "greater fool" comes along. Seriously ? That's that's the statement you want to bestow upon your fellow collectors ? I collect two of every series that I collect. A raw series and a slabbed series. And yes I pay a premium for MS70 coins, and no I don't consider myself anyone's " greater fool ". I like perfect, I like to collect perfect things. If you love the way a coin looks and appreciate it's beauty why would you not pay a little more for one that is perfect. If you were going to buy a brand new car, how many would pay a little less for one with a dent or a scratch ? People think that the difference between a MS69 and a MS70 is a big mar or a scratch somewhere. " Gee I don't see any scratches on this MS69, so it must be as good as a MS70." I used to think that too, until I sat down with a very skilled and experienced grader from a local coin shop. With a loupe, he showed me very subtle incomplete flows at the very tip of devices. Uneven flows on the basins of some devices. All imperceptible to the naked eye but, the difference between a 69 and a 70. I wash and wax my car, because I like it perfect, I mow and manicure my lawn because I like it perfect. When I build and remodel homes for people, I take that extra time to make it perfect. Are you really going to assail the way I collect coins ? |
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Pillar of the Community
United States
2311 Posts |
Very nice job guys, thanks for the help!
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Pillar of the Community
United States
4901 Posts |
For the type of coin in your two examples a more appropriate question is "Why on earth would anyone even GET them graded at all?" Both examples cost more to grade than they are worth. It is not cost effective to get a 70 grade on your submission and take a loss....
Now buying them AFTER they are graded makes a bit more sense but I really can't see a clad modern dime going anywhere in value..proof or MS...it is what it is...
Proof example had around 2 million made
MS example had over a billion made
These are coins to be put in albums not slabs...
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Bedrock of the Community
13014 Posts |
Quote:
NOT ME! Nor most true collectors.
Only those who are sold on the idea that "70" is the key to making money.
I truly feel sorry for them.
But not my problem.
No offense Matt but thats a very snobbish view to have. Someone isn't a "true" collector because they have slabbed coins or 70s coins? I realize theres a large generational gap between the two of us, but collecting is changing. The TPGs arent going anywhere and more and more coins are ending up graded everyday. Theres a very large market of 70s collectors as well or people that get them when they can. Are there some people who get it as an investment sure, you can say that about anything in collecting. Are the vast majority of them doing it just for that absolutely not. No ones forcing you to do it but you arent any less of a "collector" because you do, unless of course youre going to argue that youre only a true collector if youve been doing it for over 20 years and are set in your ways. I would bet money if you polled people who started collecting in the last 5 years or under the age of 30 the vast majority of them would either have a 70 coin or say they would like to get one |
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Pillar of the Community
United States
2543 Posts |
I'll leave you with an example MS 69MS70Now this is an extreme example, like the MS70 2008/07 ASE that went for $86,000, but an example none the less. |
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Pillar of the Community
United States
2311 Posts |
Quote:
Proof example had around 2 million made
MS example had over a billion made
These are coins to be put in albums not slabs... I agree and disagree... I sent my first coin ever to be graded by ANACS. It's a 1912 Indian head $2.50. Worth maybe 400 dollars. I understand it's not worth it but I done it because I was feeling like doing that. Now if this was a 2009 Deep cam cent, NO WAY on earth I would send it in! But if someone told me it would grade PR-70 I would mostly send it in. Because who wouldn't want a PR-70 coin? You could always sell it to someone else for more. One thing I don't get is, why is there 2000+ modern coins listed on ebay... If you think about it, how much money did those people spend on getting a modern proof coin graded? Right now I been buying some taking advantaging of them. Why? Because I don't have to pay the grading fee on them. Quote:
I would bet money if you polled people who started collecting in the last 5 years or under the age of 30 the vast majority of them would either have a 70 coin or say they would like to get one I would have to say I agree with that. People collect what they like. Now older coins are better than modern coins. But you can't get "70" graded ones for a good price. Or none are even around. @denco7 Very nice coins they're! Oops, we are talking about the prices... I get what you're say, in fact I just can't believe it... Edited by solotime
05/13/2013 5:44 pm
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Pillar of the Community
United States
3486 Posts |
To denco,
"Seriously ? That's that's the statement you want to bestow upon your fellow collectors ? "
Yes. Precisely.
To basebal21,
"No offense Matt but thats a very snobbish view to have. "
Call me a snob if you will. Sticks and stones won't break my bones.
Since WHEN is a contrary opinion open to ridicule?
I never wrote "Do not do it", but rather MY opinion that I will NOT do it.
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Bedrock of the Community
13014 Posts |
Quote:One thing I don't get is, why is there 2000+ modern coins listed on ebay... If you think about it, how much money did those people spend on getting a modern proof coin graded? Right now I been buying some taking advantaging of them. Why? Because I don't have to pay the grading fee on The large dealers send in thousands of each coin between them on their own. They throw on the people who send them in on their own and you end up with a lot of coins that were graded. Youll see a lot of 69s from the large lots where the 70s pay for the lot but you wont get every 70, that and people who hoped they had a 70 |
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Replies: 96 / Views: 9,141 |
Posted 05/13/2013 4:49 pm
