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1986 S American Eagle Proofs

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TheKroe's Avatar
United States
57 Posts
 Posted 08/07/2018  1:56 pm Show Profile   Bookmark this topic Add TheKroe to your friends list Get a Link to this Message Number of Subscribers
Hey everyone!

I would love your expertise here. I recently purchased 2 '86s still in the airtights and came in the purple velvet case with authenticating papers....I know little about these. I did a little research and saw that they're the first mint year. Are they collectible? What's the going rate? Everything helps!

Cheers,
Kroe

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John1's Avatar
United States
56855 Posts
 Posted 08/07/2018  2:01 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Check ebay sold values for the going value. I ordered one from the mint wayyyy back then.
John1
Edited by John1
08/07/2018 5:06 pm
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moxking's Avatar
United States
17900 Posts
 Posted 08/07/2018  3:55 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
They are indeed collectable and worth well over their silver value.

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TheKroe's Avatar
United States
57 Posts
 Posted 08/07/2018  11:31 pm  Show Profile   Bookmark this reply Add TheKroe to your friends list Get a Link to this Reply
Thanks guys! I noticed on ebay that when they were graded professionally that they were generally worth more than in their original cases. Why is that?
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basebal21's Avatar
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 Posted 08/07/2018  11:49 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Thanks guys! I noticed on ebay that when they were graded professionally that they were generally worth more than in their original cases. Why is that?


Because grading has a value and many people prefer graded coins. That said the grade matters and the its the top grade(s) that get the biggest boost
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TheKroe's Avatar
United States
57 Posts
 Posted 08/07/2018  11:52 pm  Show Profile   Bookmark this reply Add TheKroe to your friends list Get a Link to this Reply
Interesting! So it may be in my best interest to get mine professionally graded.
Edited by TheKroe
08/07/2018 11:52 pm
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basebal21's Avatar
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 Posted 08/08/2018  12:06 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
So it may be in my best interest to get mine professionally graded.


Maybe.

That's a more complicated question
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CelticKnot's Avatar
United States
12819 Posts
 Posted 08/08/2018  12:15 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
You may want to research grading fees before you send in anything for grading. Depending on the coin, many times it is cheaper to buy coins that are already graded. Large customers of the TPGs (Third Party Graders) get substantial discounts for the volume of business they do and most of the time their graded coins end up for sale. And for the more common coins, you can usually get them in a high grade for cheaper than it would cost you to send it in for grading.

A little background - 1986 was the inaugural year for the American Silver Eagle series. There were around 1.5M produced, which is the most by far of any year of the proofs. In fact the next time a proof mintage broke 1M was in 2006, and to my knowledge it hasn't happened since.

Pics would help and this post probably belongs in the NCLT forum.
Edited by CelticKnot
08/08/2018 12:17 am
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BH1964's Avatar
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 Posted 08/08/2018  12:39 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
Interesting! So it may be in my best interest to get mine professionally graded.


They are only worth grading if they are "essentially perfect" and grade 70 at a major TPG (PCGS or NGC). Anything less than a perfect 70 and you are throwing your money away and chances are they will not grade 70.

Typical value for these raw (ungraded) or grading 69 (as most do) is around $50 each.

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TheKroe's Avatar
United States
57 Posts
 Posted 08/08/2018  8:41 pm  Show Profile   Bookmark this reply Add TheKroe to your friends list Get a Link to this Reply
Thanks for all of the feedback! Here are some images. Let me know what you guys think. Thanks!


1986-S-American-Eagle-Proofs
1986-S-American-Eagle-Proofs
1986-S-American-Eagle-Proofs
1986-S-American-Eagle-Proofs
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two_tonevf35's Avatar
United States
719 Posts
 Posted 08/08/2018  8:45 pm  Show Profile   Bookmark this reply Add two_tonevf35 to your friends list Get a Link to this Reply
Really nice pictures! I wish I could help you with a grade, but I don't collect moderns. Someone will come along shortly I'm sure
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Alpha2814's Avatar
United States
2023 Posts
 Posted 08/08/2018  8:59 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
The difference between a 69 and 70 is virtually impossible for any of us to see from online pictures.

That said, these are great pics of great coins -- minimal haze and spotting; fields are very reflective. I'd be happy with them as they are but I'd want to make sure they stayed in that condition.
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TheKroe's Avatar
United States
57 Posts
 Posted 08/08/2018  9:08 pm  Show Profile   Bookmark this reply Add TheKroe to your friends list Get a Link to this Reply
Gotcha! Thanks for the input. Is it worth it to send them in to PCGS?
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CelticKnot's Avatar
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12819 Posts
 Posted 08/08/2018  9:38 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
As a collector of the series, I am biased and I think yours are gorgeous. I'm going to go out on a limb and assume that all the specks and smudges are on the capsules, not the coins themselves.

Nice photos, by the way.


Quote:
Gotcha! Thanks for the input. Is it worth it to send them in to PCGS?

Only you can make that call. Personally I would not. Again, do the research on what it costs to send in a coin for grading -- that will help you make up your mind. I'm guessing it would cost at least $50-60 with shipping to have both graded. And then you're likely to get back 69's as BH1964 said.

If you're the gambling type and hope to get a 70 to cash in on a subsequent sale, then do it.

Or if the coins are sentimental to you, and you just want to do it for whatever reason you might have, then do it.

but otherwise... meh.

If you want a guaranteed 70, sell yours and put the funds towards a pre-graded 70.

I'll shut up now. Let us know what you decide and good luck.
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BH1964's Avatar
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 Posted 08/08/2018  9:53 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Those are excellent pictures of a great 32 year proof eagle. As noted above a 69 vs 70 is impossible to tell but it sure looks like an easy 69. There are a couple tiny spots that might be on a the capsule so who knows.

You can do a quick cost-benefit analysis on TPG since the value increase and grading costs are known (within reason) variables. Say it grades PCGS PR70DCAM then it's worth ~$350 and you currently have a $50 coin so the value increase is ~$300. Say grading costs $50 with round-trip S&H. Estimating your odds of a 70 grade is tricky but from the above your benefit is $300 for a cost of $50. You would need at a 17% chance of a 70 grade for it be worth grading from a strictly financial perspective.

From your pics it looks to have at least a 17% chance to me. However if there are any spots, blemishes or hazing anywhere on either surface it won't be worth submitting.
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Earle42's Avatar
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10034 Posts
 Posted 08/08/2018  10:16 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Do some searching on this forum and you will also find that some people put a lot of faith in grading companies and others do not. Do some objective homework before making a decision as to how much faith you are willing to put into the companies before deciding to send yours in. An informed decision from looking at both sides of the issue is the best.

For example, here on this forum is a thread which shows two completely different looking coins in different conditions graded by PCGS as being the same.
http://goccf.com/t/322364

You should also know that if a coin is submitted and graded, if a person would break it out and resubmit that same coin, the coin is never guaranteed to get the same grade again. Grading coins by these companies is very subjective.

Also know each grading company has their own standards/systems/trained graders (according to those individual systems), and each company will tell you they are the best (they businesses after all).

PCGS is the company people will pay more for when buying slabbed coins. However, a growing trend now has been that people are willing to pay even more if a second set of experts looks at the slabs and affixes a little sticker on it to say its a solid coin for the grade on the label (CAC sticker).

The wisest saying about this is repeated over and over here on this forum and others... buy the coin, not the slab.


How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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