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 Replies: 8 / Views: 2,468 |
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Pillar of the Community
United States
931 Posts |
I just submitted my two best ASE's to NGC yesterday. When I joined they sent me a voucher for two free Modern Tier gradings with free conservation before grading and slabbing. The two coins that I submitted were my best 2011 ASE and a gorgeous 1988 uncirculated ASE that I purchased a few weeks back. I picked the 1988 out of 60 or so Eagles because of the beautiful luster and complete lack of visible flaws under my 10x loupe. Yesterday just for kicks I looked around the web for NGC MS70 1988 Uncirculated ASE's and was completely floored to find that the 1988 in that condition books for $2810 in the NGC price guide and $4000 for the same grade from PCGS. I know the odds are slim for breaking MS69 but this coin is pretty amazing. I know that the price difference between 69 and 70 is approximately $2750, so whatever happens will happen. I probably wouldn't sell it if it was a 70. I saw that three were sold on ebay last year for $2200, $1800, and around $1500, so it appears that you would never get book for it anyway. It's just amazing to me how serious people are about putting this set together in high grade. I guess I will be hunting that coin shop for more high grade Eagles from the 80's. Edited by junior e
05/12/2011 11:34 am
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Pillar of the Community
United States
1348 Posts |
I don;t understnad paying that kind of premium for bullion. Than again I love old coins so who knows
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Pillar of the Community
United States
3670 Posts |
It blows my mind as well, that the minor difference between a 69 an 70, probably so small the naked eye can't even distinguish a difference, and yet the price difference is in access of 2 grand, crazy to me. However it is coins at least, I can justify that in my own head, but on another example.... I saw a guy bring in just a head to a "Serpent" stretch Armstrong from 1978 on Pawn Stars, super rare, very limited edition. He only had the head and took 500 for it. The toy expert said a perfect one just sold for 12 grand, and the head alone was worth 5 grand. There is only 2 and 1/2 known on Earth including that head, lol. My point, who cares, it is still a stinkin piece of plastic and rubber rare or not. Is that small market brain washed by the times they live in or what, as many from my generation now are buying the rare items they had as kids, huge numbers for it on ebay? In the end, what ever one has to do to fill that empty void, caught between points A and Z, well then hey that is fine by me.... Edited by Silverhawk74
05/12/2011 2:07 pm
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Rest in Peace
United States
9104 Posts |
Quote: I probably wouldn't sell it if it was a 70. I saw that three were sold on ebay last year for $2200, $1800, and around $1500, so it appears It'd be out of here so fast your head would spin. MS70 is a 69+the grader got lucky. According to the inventor of the Sheldon pricing (not grading) scale, a 70 sould be worth double the 35 price, not thousands of times. |
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Rest in Peace
United States
9104 Posts |
Kugels were some of the earliest Christmas ornaments. They're closer to Mason jars than anything else, and most have lost their silvering or paint, and are downright ugly, yet people pay hundreds of dollars for them.
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Pillar of the Community
 United States
931 Posts |
Only 247 out of 49,000 graded made NGC MS70. I have decided that if I am lucky enough to hit 70 I will sell and reinvest in gold. Silvertowne.com has a MS70 1987 Silver Eagle listed for $2810 and it books for $1800. Something crazy must be going on with these early ASE's. Edited by junior e
05/16/2011 7:59 pm
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Rest in Peace
United States
9104 Posts |
Condition Census (finest known) coins are just another racket. A MS70 proof cent sounds impressive, but remember that there are hundreds of thousands, perhaps millions, of sets that have never been checked, with the potential of flooding the market, as happened with MS65 Morgans.
Once collectors realize that "finest known" only means "finest certified so far" and not "finest in existence", prices will crash back to where they belong.
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Pillar of the Community
United States
1704 Posts |
I am thinking that I should be scouring the coin shops for near perfect ASE's to send in for a high grade to cash in on those excessive premiums. ANA LM-3175 |
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Pillar of the Community
United States
931 Posts |
Bummer. My 1988 ASE graded out at MS69 by NGC. My old eyes are not as good as I thought they were. Oh, well. Nice new scratch free slab anyway. |
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Replies: 8 / Views: 2,468 |
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Posted 05/12/2011 2:03 pm
