Need Some Questions Answered

. More background info please.
John1

to the Community!

a ms70 is only really going to be important on key years..or small issued coins..

As far as grading companies go, currently PCGS slabbed coins sell the best and for the most. As far as slabs and labels go, that's a preference thing for potential buyers and has nothing really to do with the quality of the coin inside the slab.

If you are looking for long term value, something to hand down, Silver Eagles in general are a miss for most of the issues. You'd be much better off saving your money and buying problem free, graded key date coins in the highest grades you can afford which in general always has a consistent market for them and gradually increases in value.

If you're set on silver eagles, I wouldn't bother with grading and just stack silver for silver value sake and buy low, and roll the dice on the silver market when it's time to cash out. Even doing this in order to save for the key date coins later to hold in your collection to hand down works if you have the time and can keep track of your buys and what it takes to turn a profit on a cash out instead of a loss.

There's lots of strategies. It's which one works for you that matters. I think there's no difference between MS69 or MS70 silver Eagles in appearance and in most cases the markup is on the slab saying MS70. This in my opinion isn't a good investment in silver Eagles there just way too many MS70s. So unless you'd be buying key date silver eagles, it's likely not going to realize the money you'd want them to in the long haul.

Regardless of whether the coins are in a slab or not, whoever sells them is going to take a significant hit. Most sellers who inherit coins won't make the effort to get the maximum amount which would be about 85% of the typical dealer selling price. That would require selling on ebay or taking multiple offers on each at a coin show. Most sellers typically make the effort to go to one shop and sell everything at once. Getting 50% to 60% of the dealer selling price is typical in such a situation.

My bottom line suggestion is to buy what you like and don't worry about how much they'll be worth down the line. The best thing you can do for your heirs is to give them a process for successful selling before you pass.

BTW, if by "down the road" you meant that you'd want to sell them yourself for a profit, I'd suggest avoiding coins all together. The spread between buying and selling prices makes them a bad investment.

Couldn't agree more!