Overpriced 1986 MS-70 American Eagle S $1?

Again, forgive me, I'm new to this - Is there a particular 1986 Silver Eagle from a US Mint that is more rare than the others? Maybe that's why the higher price?

There's a reason why PCGS has only 3 of these, and NGC 1306. Chances are only a few of the NGC coins would make 70 at PCGS - the difference in grading quality is that great. The ebay coin is worth $400-500.

I'm on my smartphone and I can still see enough on the coin to keep it from 70. A 70 is flawless. That's it.

These are great questions that I think others are in a better position to answer, but I'll raise some new points:

1. You have been away from the hobby for 30 years. In that time the TPG Revolution has taken place, along with "gradeflation" and what some people would consider the irrational chasing of MS-70 perfection in bullion strike coins.

2. The difference between MS-69 and MS-70 can, to the people who participate in that market, be the same as the difference between the price of a Ford Escape and a 700 series BMW. It makes no sense to many people, but does to others.

3. You indirectly raise the NGC v. PCGS question, which will elicit many, many opinions, which are just that... opinions. In fact, these are opinions about businesses whose business model is based on... well... their opinions!

4. Good luck.

@KevinH - I've read a little bit about the NGC vs PCGS debate - but not experienced enough to form my own stance.
I do believe however, a coin is worth what someone will pay for it.

The seller is cleverly taking advantage of PCGS's valuation,
and advantage of some people's lack of knowledge, hoping they
have more money than smarts, along with just the right amount
of greed. He is being dishonest, and he knows it. However, he
is not doing anything illegal. This is a buyer beware situation.

I do not believe he is being dishonest in the least. He clearly states where he gets the value from and clearly shows and states the coin as being NGC. There are no deceptions, no lies or tricks.

How is saying this coin is NGC MS70. PCGS values it at 21 grand. I want 19 grand dishonest?

You're right. Dishonest is probably the wrong word. A bit deceptive though, maybe. I believe the seller knows the coin isn't really worth that much, but if he can get you to pay that much, well........

And sometimes it isn't worth that. It depends on how knowledgeable the buyer and sellerare. For example, put up a fake 1795 dollar and someone buys it for $3000. Does that mean that fake is REALLY worth $3000? After all that's what someone paid for it. No it doesn't, because the buyer didn't know what he was buying. Or if an unknowledgeable seller puts up a rare variety not knowing what it is and someone who does buys it for a song, does that mean that rare variety suddenly isn't worth much at all?



No he's right, the original purpose of the Bullion ASE's was just to get rid of the governments silver stockpile. They were only supposed to continue until the silver stockpile was gone. Once it ran out though (I think 1989) there was so much insistence for the coin to continue that the government now has to go out onto the open market to buy silver basically at spot, pay to have it made into planchets, coin them, and then sell to to the distributors for $2 over spot. I'm sure the government isn't making that much on them, and of course if the spot price goes down they are losing money. (They made money on all the pre-1989 coins though because they were using silver they had paid $1.29 an oz or less for.)