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 Replies: 11 / Views: 1,711 |
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Valued Member
United States
185 Posts |
Is a 1 oz silver round the is MS 70 PCGS worth buying? There's one for sale twice the price of what I can get a BU for. Will the silver round increase in value or only be worth mint selling price? It's a Sydney Funnel Web 1 oz silver round.
I already know that most of the coins & pieces I buy will probably never hold any real value but I buy what I like when I can afford it. I collect coins, bullion, medals & stuff like that with spiders on them.
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Pillar of the Community
United States
7390 Posts |
I'm not sure about that specific coin but my rule of thumb on buying slabbed rounds is to only but pcgs or ngc 70 personally
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Pillar of the Community
United States
632 Posts |
I don't know if that is technically considered a "round" because it is legally monetized by the Australian government for one dollar. I am of the understanding that a round has no government backing with no legal tender status whereas coins like the American Silver Eagle, Canadian Maple, Australian Kookaburra, ect. are considered "bullion coins". As far as premiums on MS-70 coins...well assuming they're graded by one of the big 3 TPG company's then it would command a premium over just a normal issue bullion coin as for how much will depend on the popularity on the coin. A MS-70 American Silver Eagle commands a large premium but a funnel web spider probably not. |
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Valued Member
 United States
185 Posts |
Elimist you are correct it is a coin & not a round. I keep making that mistake with these. There have been so many different variants done to these coins I'm not sure what's worth getting. As I did said before I buy what I like when I can afford it but I try not to be too careless about it. This particular piece I was interested in it to have an MS 70 in my collection but I'm not sure if it's worth investing a lot in. I have over paid for some coins so I could have them. While I have you I'll also ask about this version of the 2015 Funnel Web Coin. http://www.ebay.com/itm/25201928675...RK:MEBIDX:ITIt looks like a dulled version of the Gold Gilded Coin. This one is coated in Ruthenium. What are your thoughts on this one too? |
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Valued Member
United States
61 Posts |
Do you want it? Quick e-bay search shows the MS 70 version selling for 3 times that of a BU. Also, the mintage would probably be much lower than the ASE. If I like something, and can afford, I buy it, I'm happy. OTOH, you can 'hold and play' with the BU version. Decisions, "I used to be indecisive, now I'm just not sure"! |
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Valued Member
United States
185 Posts |
Precious Mental I have a BU in an Air-Tite but just wasn't sure on the MS 70. There are several MS 69's but if I'm going to pay a lot of BU price I'll go for the MS 70.
Thanks for everyones input.
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Pillar of the Community
United States
632 Posts |
I'm kind of a type collector where I do have one of these funnel webs in my collection because I just want to be able to look through it and be like "omg kewl luv this coin" so grades in anything I collect haven't been hugely important to me in the past. I agree with you though that I would go with MS-70 over 69 every time with a coin like this if I did want a high grade specimen. It's not going to be like a rare Morgan dollar or something where one grade jump can equate to thousands of dollars difference. Having a MS-69 example would almost be like saying "close but you settled for less". |
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Bedrock of the Community
United States
17884 Posts |
If you had a 69 in a slab and a 70 in a slab but you couldn't see the labels, could you tell which was which? What about a group of five of each. Could you consistently separate the 69's and 70's witout seeing the labels? If you can't, why would you pay the extra money for the 70's? (and I would bet the TPG's can't do it either.) Edited by Conder101
07/20/2015 11:14 am
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Pillar of the Community
Canada
1747 Posts |
this coin is what is called NCLT (Non-Circulating Legal Tender)These are all minted in a different fashion compared to regular coinage. each coin is struck several times, and hand placed/removed form the dies.
each coin produced should be considered PR70.
I do not understand the reasoning of getting these coins graded (other than the monetary reasoning) I would never buy one, its a complete waist of money in my opinion.
the key to collecting is buy what you like, not the holder. put 2 of these coins beside each other and see if you can tell the difference, you wont be able to 100% guaranteed.
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Moderator
 United States
188440 Posts |
Quote:
If you had a 69 in a slab and a 70 in a slab but you couldn't see the labels, could you tell which was which? What about a group of five of each. Could you consistently separate the 69's and 70's witout seeing the labels? If you can't, why would you pay the extra money for the 70's? No, no, no, and I never would.  |
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Valued Member
United States
185 Posts |
Well I've decided to pass on a MS70 or any other graded Funnel Web Coins. I have the BU & that's good enough for me.
After all the Pros & Cons I've read from this post it's not worth it since I have one like it already just not graded. I'll save my money for a different spider coin that I happen to find & like.
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Bedrock of the Community
United States
17884 Posts |
Quote:
I'll save my money for a different spider coin that I happen to find & like. Sounds like a good idea to me. |
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Replies: 11 / Views: 1,711 |
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Posted 07/18/2015 6:54 pm
