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 Replies: 14 / Views: 2,998 |
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Pillar of the Community
United States
6478 Posts |
I have this proof 1996 eagle. It has never been out of the airtite. I really want to get it graded because the coin is so perfect I feel as if I MIGHT get a 70. It is worth it if it is a 69 or a 70. NGC or PCGS. It is worth more in a pcgs slab when 70, but I have a higher chance of it being 70 with NGC. Which grading service should I use?   Edited by SilverStackerKid
04/10/2015 8:36 pm
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Pillar of the Community
 United States
5828 Posts |
Very nice, I would go with PCGS but thats just me being prejudice.
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Moderator
 United States
23522 Posts |
Um, you have a higher chance at NGC because their standards are lower. That said, PCGS has more 70's than NGC does for this one, and prices at retail seem similar. I'm thinking this one is a tossup between them, but if you don't get your 70 you're losing money.
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Pillar of the Community
 United States
6478 Posts |
Quote:
but if you don't get your 70 you're losing money. Not really. I found it in a closet in my house. Lol. |
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Bedrock of the Community
United States
11951 Posts |
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Not really. I found it in a closet in my house. Lol. I agree with Dave .. Because .. it has nothing to do with how much you paid for a coin .. or didn't pay .. It is how much it is worth right now, and how much more you will put into it. A coin like this .. depends on if you have the box and COA. You might get from $35 to $50 for it .. If you send it in for grading .. and only get a PF69 .. The cost of grading .. $40 range ... That means you just threw away .. the price of grading. If you want to send it in .. just because you want to, then that is just the price of being in this hobby. Of course .. getting a PF70 .. bonus in both cases |
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Moderator
United States
23522 Posts |
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Not really. I found it in a closet in my house. Lol.
OK, so you're in the black.  Trouble is, 69's are so common as to be almost non-negotiable. Yeah, it's a $70-ish coin but there's no demand. Under these circumstances, though, by all means have it slabbed. Take the chance. It's all upside. |
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Bedrock of the Community
United States
10982 Posts |
If any of the little marks showing up in the images are on the coin then don't submit it. Use a 5X glass and go over every square millimeter of both surfaces and if there are no flaws whatsoever then submit it. I'd try PCGS but NGC is fine too.
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Pillar of the Community
United States
7390 Posts |
I sent 10x 1886 proof silver eagles to pcgs straight from their airtights and purple clamshell boxes. Heres how they came back:
2x... pr68
7x... pr69
1x... pr70
So if yours has never been out it has a 10% chance of coming back a 70 going strictly by the numbers
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Moderator
United States
23522 Posts |
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So if yours has never been out it has a 10% chance of coming back a 70 going strictly by the numbers
PCGS has graded 9165 of these. Of that total, 1296 made 70 (14%) and 7319 made 69 (80%). NGC has 15041 of them, respectively 729 (5%) and 14019 (93%). My guess would be that the overwhelming majority of these were submitted in bulk, which would make this an accurate indication of how they grade. If I'm wrong and these were mostly submitted by piece - having been inspected by the submitter - then I'd think PCGS would tend to get the better ones due to market perception. Yes, NGC is quite a bit larger than PCGS. |
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Bedrock of the Community
United States
17884 Posts |
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My guess would be that the overwhelming majority of these were submitted in bulk, which would make this an accurate indication of how they grade. If I'm wrong and these were mostly submitted by piece - having been inspected by the submitter - then I'd think PCGS would tend to get the better ones due to market perception.
They may have been submitted in bulk, but there is also a good chance that the submitter did a quick check and pulled out any pieces that obviously had not chance at getting a 69 of 70. So even as a bulk submissions it was still the "cream". A random submission would probably have a still lower rate peercentage chance of receiving a 70. |
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Pillar of the Community
United States
7390 Posts |
My above mentioned sub WAS random albeit a small sample size... I bought them in a bank safety deposit box auction for $280 and sent them in shotgun style. I was just transitioning from bullion to coins and did't know much especially about grading
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Pillar of the Community
United States
6478 Posts |
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Bedrock of the Community
Australia
21788 Posts |
I think that it would be inadvisable to have it graded. There are lots of ASE's in very high grades, be they slabbed or not. Fees for this coin not justified. The U.S. Mint has become very good at consistently producing a excellent product in proof ASE's, and are most common in PF69 or PF70. Read carefully Chapter 5 "Dont't be Fooled by High Grades", in 'U.S. Coin Digest' (Krause Publications) and perhaps you will agree with what is written here. |
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Pillar of the Community
United States
1913 Posts |
Quote:The U.S. Mint has become very good at consistently producing a excellent product in proof ASE's, and are most common in PF69 or PF70. +1 I think there's a place for certifications, but a common coin like this definitely isn't it. If it was a 1995-W Proof ASE, then I'd say yes to having it certified. If you have a 2000 Millennium Coin & Currency Set and want to have the "bullion" ASE certified because it was really made at the West Point mint (but doesn't have the W mint mark), then you can send it in in the original packaging to get it certified. Of course many available in the market anyway that didn't really need to be certified. Watch the coin show on HSN. They're selling tons of overpriced certified ASE's. I look at it this way. I have $X to spend. I can spend that money on coins or coins & certifications. If the certification is necessary to make sure I'm spending my money wisely, then I'll buy it. If it's not, then I'd rather spend the money now on coins. Later if a particular coin becomes really valuable, then I can send it in. Edited by Bret
04/21/2015 2:44 pm
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Moderator
United States
23522 Posts |
That's just about as well as it can be put, Bret.  |
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Replies: 14 / Views: 2,998 |
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Posted 04/09/2015 9:10 pm
It looks as if some red toning is starting near the rim at 1 o'clock. 
Is this bad? On the right half of the coin the reading is half gold half blue and fades into a blue green hue and fades back into silver. It looks very very nice but I am afraid it might not appeal to collectors or grading companies. Please help!
