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 Replies: 10 / Views: 1,777 |
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Pillar of the Community
1283 Posts |
I want to put together a high quality set of MS70 ASE. The first slabbed Eagle I bought was a PCGS 2011 ASE Early release but now I see samples with all different types on NGC slabs, blue, brown, ER, ECT. I want to put together the set of the highest quality lowest mintage, IE most valuable. I know I will get some heat about buying the slab and not the coin but I like slabbed coins so please be kind. So if you were putting together this set which slabbed ASE would you collect. Thank for the help and if anyone has any deals PM me, I am buying and I also have some ATB 5 oz's I would be willing to trade. Thanks guys my 1889 CC gets shipped to NCG tomorrow so I am excited to see what it comes back as. |
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Pillar of the Community
2224 Posts |
You probably will take some heat. I've completed my SAE ( ASE) except for the 95W. All 69's, a couple 70s, mostly NGC/PCGS. Including several duplicates and a few raw, plus some rolls and including the 2006 Anniversary set and the 2000 Millenium set and all the Burnished ones. The best you can do is cherry pick all that you buy because there are many horrible ones out there, even with a 69/70 label. Don't buy one with spots or other blemishes. Eyeball the coin first, then the slab. I don't think you will ever recoup your return on investment getting all 70s. I may be wrong, just my opinion. The mintages are enormous and they are just increasing. But, best of luck to ya. |
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Bedrock of the Community
United States
17884 Posts |
I'd go with the regular run of the mill slabs because you probably can't get all the years in all those weird specialty slabs.
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Pillar of the Community
United States
880 Posts |
I think I read somewhere that the 70 ASE are pretty much given to those who send in hundreds to get slabbed "the big guns". You and I wouldn't get a MS70 coin back (I'm sure that's up for debate), but I would bet you'll find nicer MS69 or MS68 coins. That being said, you will still sell your crummy MS70 coin for more than your pristine MS69. I say that because when you go to sell that nice 69, what are you going to say? This coin should grade a 70, but it didn't and I'm not cracking it out to resubmit. I would assume that there's a registrey set for these and the majority of the people ARE going to buy the slab and not the coin. That being said, if you want to collect them you can either spend a lot more on the 70's than you would the 69's and get a full set of 70's. Or go for nice looking coins and have a lower registry set. Stay away from "First Strike" coins though. They're a total joke and waste of extra money. |
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Pillar of the Community
 1283 Posts |
I'm sorry but I'm kind of clueless. What is a registry set?
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Pillar of the Community
United States
1121 Posts |
Unfortunately the market is flooded with MS70 TGC Eagles. There has however, been times in the past couple of years that a set of 70's were a fantastic investment, pending sale at that time. I don't like the market grading that all the big co.s do. I think it hurts numismatics. Anyway...if you're thinking long, and like the series and grade, I like the idea.
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Valued Member
United States
333 Posts |
Registry sets are these online measuring contests designed by third party grading companies in order to encourage people to throw money into their graded coins. So, you would either buy or have graded a bunch of coins in a particular set. Then you register the coins (via the numbers on the slab) with the third party grader online to show off your coins to other collectors. Some people try and get a complete set of a type in the best possible grades in order to have a higher ranked registry set than others.
Basically, a great way to spend money showing everybody else how much disposable income the women in your life let you spend on coins.
Tongue in cheek, of course.
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Pillar of the Community
1283 Posts |
Buffalo,
Thanks for the info. I have done some digging so I think I am better informed now. It seems to me to be exactly how you described it but it seems like it would give my collection focus, which it dearly lacks. The main problem I see is that some of the MS70's in certain years are ridiculously high, but maybe start with ms69 then move up accordingly.
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Valued Member
United States
333 Posts |
I understand what you mean, throwback. My collection has been more of an accumulation than anything else. Maybe I should get a Dansco 7070 or something! Although not specific to the registry sets, I think the following link may help you: http://www.cointalk.com/t70588/The guy started building a Dansco 7070 by cracking out some slabbed coins. He then later regretted his decision and sent them back in to get regraded. He noticed that most of the coins graded lower upon resubmission. If anything, to me, that means that there really isn't much of a difference in some of the higher grades. I certainly can't tell the difference between a 65 and a 66, although I'm sure some members can. I guess I can review the books numismatic books a little better and try and figure out the difference, but if the experts can't be consistent, why pay them? |
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Pillar of the Community
United States
2764 Posts |
Personally, if you have the spending money, just buy rolls of ASE and look for unblemished coins (no contact mark and good strike) then put them in slab-holder for safer storage (silver is very soft and easily get knicked by each other by their sheer weight) and nice displace. I am pretty sure you can find at least 1 good coin out of each tube ==> save that in the slab-holder, the rest put them back in the tube as silver investment. Remember after all, these are just bullion coins minted in the MILLIONS. Considering the financial aspect: 1 MS70 would cost you at least 3x a regular coin. The cost of MS70 coin is mainly because there are not many graded yet (NOT rare). Proof ASE is not as bad since it's mainly for collector, the mintage is less and there are probably more coins being graded.... however, you still facing the unknown number of coins not yet being graded. The most perfect example is the current housing market. Why the price is still depressed? Because of the "shadow inventories" - houses that are own by the bank and not yet on the market. You can try to do some research to find the ratio of MS70 vs. total number of graded coins.... now consider how many more millions not graded. So, the best for your money is to get the best coin as close to spot as possible, regardless of grades or slabs. I see many MS69 coins selling close to spot (considering PCGS charge $14 grading fee for these, there are other fees not counted), so if I get a nice MS69/MS68 for $5-$10 over spot then I just paid for the holder. Conclusion: Rather spend your money in getting 20x nice ASE for each year + 1 of each year Proof + those special ASE so that you have a variety to show/share plus the low cost of bullion value for nice looking coins. I believe this would cost you the same amount as have a complete year run ASE in MS70 (you should do your own calculation to be exact). Above are just my 2 e-cents. |
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Bedrock of the Community
United States
17884 Posts |
Quote:
but maybe start with ms69 then move up accordingly. Personally I think that sounds like a good idea. When you look them over and compare them to the 70s you probably won't be able to tell the two apart. In fact if you were to crack the 70's out and send them in again, most of the time they will come back 69's or even 68's. |
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Replies: 10 / Views: 1,777 |
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Posted 06/23/2011 1:45 pm
