Thread: pcgs ms69 vs ms70

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.

Originally Posted by mark_h

70's are only good for registry sets in my opinion.

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.

Originally Posted by mark_h

70's are only good for registry sets in my opinion.

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.

Buy the coin, not 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.

Originally Posted by commidaddy

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 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.

Originally Posted by mr2005

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.

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?

Ruben

Originally Posted by mrbrklyn

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?

Ruben

sorry . i am new.

Originally Posted by mr2005

sorry . i am new.

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

Originally Posted by commidaddy

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 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/

and here is some useless forum history

enjoy

http://www.cointalk.com/forum/t43969/