Premiums On Coins Often Traded As Bullion In TPG Slabs

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Author	Replies: 6 / Views: 1,816
Rushof1849 New Member United States 4 Posts	Posted 05/17/2017 7:29 pm Hello, I am relatively new to coin collecting, just did it here and there when I was a kid. I have been very interested to see on ebay that many Silver Eagles in TPG Slabs go for huge premiums over silver spot. Obviously these I might expect to go for 10-20% over spot not slabbed, but some of these slabs are on a regular basis are going for like 5-6x the value of their silver content. In previous threads on this forum and others I have read that companies like NGC and PCGS slab in the neighborhood of hundreds of THOUSANDS coins per month. If this is the case, how is it possible that their slabs carry such a mark up? I get that 69 vs 70 has appeal and that sort of thing, but apparently they also grade most of the silver eagles submitted to them at this grade since they are modern uncirculated, straight from the mint coins anyway? Thanks for explaining to me why the ebay auctions value these seemingly common coins so highly. Report this Post to the Staff

otto Pillar of the Community United States 1326 Posts	Posted 05/17/2017 8:09 pm I think that everything you said is accurate. I think it's nuts, but can't explain it. I see the same thing with certain Mexico coins. Report this Post to the Staff
Illegaltender Pillar of the Community United States 634 Posts	Posted 05/17/2017 8:22 pm People crave safety and stability, and the certified grade is attractive to them. Now, everybody likes to collect"high end" sets of these things. Report this Post to the Staff
Coconutjoe Pillar of the Community United States 1475 Posts	Posted 05/17/2017 8:35 pm As far as I'm concerned, 69 and 70 are same thing. Both will fit my spot just fine, except I don't want to shell out outrageous premium for 70. Stick with 69, unless you get a real bargain in 70. Edited by Coconutjoe 05/18/2017 02:44 am Report this Post to the Staff
kanga Pillar of the Community United States 5825 Posts	Posted 05/18/2017 09:24 am I see it as a difference between collecting and investing. Collectors want the best available or at least the best they can afford. Hence they go after the high-grade, slabbed coins. And the want one from each year of issue. Note that the ASE is dated. How many would the Mint sell if they weren't dated? Investors just want the metal. So scratches, rubs, milky spots, etc. don't bother them. And if they have multiples of the same date that doesn't bother them either. Plus they paid a LOT less for the items. Report this Post to the Staff
Rushof1849 New Member United States 4 Posts	Posted 05/18/2017 3:18 pm Thanks so much for these replies, definitely helpful. Report this Post to the Staff
Chute72 Pillar of the Community United States 1314 Posts	Posted 05/19/2017 3:07 pm Not my cup of tea, but I don't discourage it. Every dollar spent on something I don't collect, is a dollar not competing on the things I want. Some people collect Beanie Babies, and that's OK with me. Report this Post to the Staff
	Replies: 6 / Views: 1,816

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