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1999 MS 70 Silver Eagle

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 Posted 02/12/2016  11:49 am Show Profile   Bookmark this topic Add tmack to your friends list Get a Link to this Message Number of Subscribers
I am new to coin community and I am from the Houston Texas Area, I have a 1999 ANACS graded MS70 silver eagle for sale, I have called about 10 local coin dealers and only one of them knew that this was a rare coin. I would like to sell this coin without having to go on one of the auction sites. Does anyone have any suggestions on who I can offer this coin to and get a reasonable price for it?

Thank you
Tony
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jbuck's Avatar
United States
188213 Posts
 Posted 02/12/2016  12:08 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
to the Community!

I moved your welcome post to the appropriate forum for the proper attention.

Everyone, please be mindful of the Buy / Sell / Trade Rules when offering suggestions.
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 Posted 02/12/2016  12:48 pm  Show Profile   Bookmark this reply Add tmack to your friends list Get a Link to this Reply
Ok-- Thanks
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John1's Avatar
United States
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 Posted 02/12/2016  12:53 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
to CCF. Craigslist.org or local news paper.
John1
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 02/12/2016  1:06 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
I would try to get a crossover grade of 70 at NGC but only if they will grade it without removing it from the ANACS holder (minimum 70 grade).

An ANACS MS70 sold for a tad over $3800 on ebay yesterday vs. an NGC MS70 which went for $11,750 at Heritage.

I would not risk ANYONE removing it from the capsule 'cuz an MS69 goes for under $30

Pop of just 113 (NGC) out of a whopping 87,651 graded

Problem is ANACS has graded only 2576 and 325 of those are 70's

I would put it in an auction with a minimum bid attached. There are presently five ANACS MS70's up for sale right now on ebay ranging in price from $8350 to $33,333....probably won't sell at those prices

Hmmmm...I have a roll of 99's. Maybe I'll give them a peek

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CelticKnot's Avatar
United States
12819 Posts
 Posted 02/12/2016  2:18 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply


How about a picture of that beauty for us to admire?
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 Posted 02/12/2016  2:46 pm  Show Profile   Bookmark this reply Add tmack to your friends list Get a Link to this Reply
Foxwoods,
Thanks for the info, good stuff---

I will try to get a picture up this evening
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moxking's Avatar
United States
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 Posted 02/12/2016  3:50 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Although the above advice of hoping your coin would grade 70 at NGC is a good one, NGC does not accept encapsulated ANACS coins in the holder. PCGS is all that NGC will attempt to cross grade.

Anything other than PCGS has to be broken out of the capsule. It's a big risk since NGC would likely 69 it unless it really is perfect.

You would have better luck selling it in the ANACS holder and hoping someone else wants to take the risk of breaking it out and hoping it crosses at NGC.
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jbuck's Avatar
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 Posted 02/12/2016  3:58 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
If selling the goal I would not even risk shipping it to NGC, let alone worry about the crossover. Leave it intact and sell it as-is.
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Foxwoods Man's Avatar
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 Posted 02/12/2016  4:07 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
NGC does not accept encapsulated ANACS coins in the holder.


That would be the end of that thought. No way I would risk getting a 69 grade back...
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 Posted 02/12/2016  5:09 pm  Show Profile   Bookmark this reply Add tmack to your friends list Get a Link to this Reply
Wow, I will try to sell it as is, no way would I risk having it broken into. As a side note-- I called about 10 coin dealers in the Houston Area and asked them if they buy certified coins, all of them said yes, when I told them about the coin only one dealer new anything about the aprox. value of the coin. (Williams Coins) in Clear Lake said he would look around and try to find a buyer for me the others did not know anything about the coin and wanted to give me bullion price for it.
Thanks for your help
Tony
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stampvirgin's Avatar
United States
1247 Posts
 Posted 02/12/2016  5:54 pm  Show Profile   Bookmark this reply Add stampvirgin to your friends list Get a Link to this Reply
this where the whole grade-flation comes in.
99% of coin collectors couldn't tell the difference between a 69 and 70..

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moxking's Avatar
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17900 Posts
 Posted 02/12/2016  6:31 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
The average collectors inability to distinguish between grades has nothing to do with 'gradeflation'. Gradeflation is the perceived loosening of grade standards. The belief that what was a 64 10 years ago became a 65 5 years ago and might be considered a 66 today.
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 Posted 02/13/2016  09:27 am  Show Profile   Bookmark this reply Add tmack to your friends list Get a Link to this Reply
Thanks for all the info--- Looks like I will have to try to sell this on ebay
Tony
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jbuck's Avatar
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 Posted 02/13/2016  11:55 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
99% of coin collectors couldn't tell the difference between a 69 and 70..
I agree. I would never pay the premium for a 70.
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United States
1913 Posts
 Posted 02/24/2016  9:04 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply

Quote:
99% of coin collectors couldn't tell the difference between a 69 and 70.

And most of the time the graders can't either.
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