I typically buy pcgs ms69 coins. For long term value, is ms70 a better buy? the premium is obviously large on the ms70s, but does it make it worth while down the ride if i were to sell a coin.
Not in my opinion. I don't think the extra cost is worth it. 70's are only good for registry sets in my opinion. I figured you were talking about modern eagle coins.
Right on! Other than the bragging rights, there is no real difference between a 69, with one infinitesimal problem, and a 70 with no problems under the magnification used. The difference reminds me of the situation at the Rolls Royce Owners Club national meeting in the late 60s or early 70s when my Dad's car wound up in a tie with another one for best in show. On reinspection they found a quarter-inch tear in the trunk carpet on Dad's car, and that knocked him down to second place.
I agree. People who pay the huge premiums are looking for "points" for their registry. I personally can't tell a 69 from a 70 usually. I think you'd be better off spending the same dollar amount and getting more coins in a 69 than buying a few 70s. These ultra high graded coins haven't existed a long time and I don't know if these huge premiums will last forever. So, again...I'd buy more coins in 69 than less in 70 (with the same money) and thereby invest more in the coin and less in the slab.
I think 10 to 20 years from now the people that paid all these big premiums for MS-70 are going to be disappointed. Without doing a statistical analysis there just appears to be too many 70's around. I know there are exceptions, but I'm not convinced it is worth the premium. It is to me a definite case of buying the slab and not the coin. Registry set building is another thing, go for it if you want and can afford it. Personally I would rather be able to have more coins than less coins especially with the difference undetectable by the looking at them.
I don't think I'll ever buy a coin slabbed as MS70. I personally don't believe in that grade--it seems too unrealistic. I'd buy an MS69 over an MS70 anyday...less money means more coins.
I agree that I probably won't buy one either. It's not that I don't think the grade exists, because based on how the TPGs define a coin it does...they aren't flawless, they just have excellent strikes and no noticeable defects at 5x magnification. But, the difference between a 69 and a 70 is so minimal it's not worth the huge premiums to me. I'd rather have more coins for the same cost that grade 69 than less coins that are a 70.
It is too soon for this thread to return. Please return to this in 60 days. We have filled our quarterly quota for this topic. So which do you like better? Peace Dollars or Morgans? :goofer: Ruben
I'm being toung in cheek but we do cover this repeatedly every few weeks. Do a search and you'll find some long threads on MS70 grades
I don't think I will even buy an MS69. That high of a grade means modern (unless it is certified by SGS but then there is no premium for the 70 grade).
Here are some of the better one http://www.cointalk.com/forum/t43818/ http://www.cointalk.com/forum/t42628/ http://www.cointalk.com/forum/t42568/
I'm putting my American silver eagles in albums...some coins that I order are in air tight containers that are easy to open.....some come packed in rectangle containers that need a bomb to open...I've needed pliers to break open to get at the coin....my question is am I making a mistake cracking open these containers? How else can I order them so they are not packed like a stick of dynamite? Thanks in advance and you can see I'm new so be gentle.
I also enjoy putting a bullion ASE in a Dansco. I don't expect to make any money. It's just one part of the hobby I enjoy. For those tough to remove coins, get a hair dryer and gently heat the outer container. The coin should fall out within a minute or two. BTW, It's best to have a towel or something soft for it to land on....lol.