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 Replies: 8 / Views: 720 |
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Valued Member
United States
164 Posts |
I am looking to get a few recent modern gold coins and figured I would buy graded ones while I am at it. Normally I don't buy graded unless it is specific coins I am looking for. When I do it is usually PCGS.
I'm curious what the pro/con for you is on modern gold? Would you take one company over the other? Only looking at NGC and PCGS.
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Pillar of the Community
United States
2213 Posts |
In my opinion grading older classic coins is a good thing, modern coins not so much. Grading/slabbing moderns like silver and gold eagles is very popular, some like to collect certain labels. I mostly prefer them raw. I don't have a preference between major graders PCGS, NGC etc. I avoid the little known ones. As the phrase goes buy the coin not the slab.
If you use the search line here on CCF and your browser you'll find conversations about it. Have fun!
Edited by livingwater
10/30/2023 8:35 pm
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Pillar of the Community
United States
2280 Posts |
Don't waste your time grading modern coins, especially bullion.
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Pillar of the Community
 United States
697 Posts |
I agree with NumismaticsFTW above, to not spend money having raw modern bullion graded, hoping for MS70 or PR70 results. Instead, buy them already graded.
My sense is if you're ok with 69's, you can buy them for very little over spot. If you want 70's they'll cost a bit more, but for many, not a lot more.
FYI, in the current weekly auction at David Lawrence Rare Coins ending this Sunday, for the $50 1 oz. Gold American Eagles and Gold Buffalo's, they have every year available, with no reserve, no Buyers Fee/Premium, and free shipping. They each started at $1, but now are each bid at around spot. Virtually all are MS70, with only a very few at MS69. Whenever "First Strike" labels were made, each of these have them! Full disclosure - my brother-in-law is the consignor of nine of the 57 or so lots.
Steve
Edited by Winesteven
10/31/2023 12:09 am
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Valued Member
 United States
164 Posts |
I phrased that poorly I'm going to buy some already graded coins. Figure I'll pick up the 2008 buffalo set but that isn't coming through my LCS anytime soon. Some other similar type pieces. I prefer them graded just so I have a little more trust when buying online. I'm not sending anything in. I do generally agree with you not a lot of point in graded new stuff.
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Pillar of the Community
United States
697 Posts |
I tried to p.m. an email to you, but could not succeed. This is NOT one of my brother-in-laws nine lots, but the current bid for this 2008 First Strike PCGS MS70 1 oz. Buffalo is currently only $2026.  Here's a hotlink: https://www.davidlawrence.com/auctions/lot/760745 |
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Valued Member
United States
164 Posts |
Thank you! Not sure why you couldn't message me I'll have to check it out.
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Pillar of the Community
United States
697 Posts |
It said that your setting does not allow for emails.
Go to "Tools" near the top of this page, then "Manage Your Profile". Once you log in, the second item asks if you want to allow members to email you.
Steve
By the way, virtually all of the other MS70 1 oz. Gold Buffalo's and Eagles are currently bid at around $2,000 or $2,100 or so.
Edited by Winesteven
10/31/2023 03:27 am
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Pillar of the Community
Russian Federation
1556 Posts |
I have heard that it is much more profitable to buy sorted gold coins than silver ones. The overpayment is not that big. If your goal is to save money, then just go to the bank or place an order online, but if you look at it as a savings, I think that a sorted coin will cost more.
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Replies: 8 / Views: 720 |
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Posted 10/30/2023 5:25 pm
