Is it worth it to buy a "perfect" coin in the form of a silver eagle. It's slabbed and graded MS-70 (would be 2012 or 2013). To me, it seems like it could be a scam or just a way to trick people out of money. I was wanting to get your thoughts on the matter. The Redbook offers no values for these. Thanks!:smile
I have a couple 2011 MS70 Anacs Eagles originally sold on HSN for $140 each. I paid $40 each from my LCS when silver was $30.50. I thought it was a fair price especially because of the story. If you want to purchase an eagle in a holder buy MS69 not 70.
MS70 doesn't mean perfect. It means there are no hairlines and minimal pitting at 5x magnification. So unless you're including the coin in a registry set and you care about your GPA, the answer is no.
Don't drink the kool aid with that nonsense. '70 eagles are all about bragging rights and 'mines better than yours' whoopola. Then again, if ya feel the need to collect them like this, then by all means do so. It really boils down to what 'you' (not I) think. Personally, I'm of the mind that you don't slab modern bullion, but there's nuttier folks than me out there and you probably don't need to read my cynical dribble.......
I personally wouldn't pay the premium for an MS70 ASE, but that is because I buy them for bullion. If you want to buy them for looks then that is a different story.
I personally don't see the use of graded bullion, but many collectors like them. But if you want a slabbed 70, go with PCGS or NGC and buy it at your local shop. Stay away from the TV guys.
I will only buy slabbed bullion if: 1. It is something that I really like/want and cannot find it raw. 2. I can buy it close to the price of a raw bullion coin. Most of the modern bullion coins grade 68-70 anyway. Just think of what else you could buy with the money you save by not paying huge premiums for slabbed bullion. TC
Cheapest way to get a 70 is to buy one raw and submit it yourself and hope it comes back 70. About one of the few times having a coin graded is actually a wise investment move. Depends on luck of the draw though, both in getting a raw 70 and having the TPG decide it is on the day you submitted it though, so this is as useful investment advice as "buy a winning lottery ticket" lol... but there you go. In my personal opinion I just don't see it as worth it to pay a premium for a 70 that to the naked eye doesn't look much better than a 69 or sometimes even a 68, for a coin that's otherwise a fairly common piece of bullion anyway. As a collector who couldn't care much less whether anything I own goes up in value, as I don't intend on selling anything in my collection during my lifetime if I can help it, I just don't see the opportunity cost as worth it. That premium I'd have to spend to get a slabbed 70 is money I could be spending on more coins. Slabbed 70's are probably decent investments but as a pure collector I just can't see it as worth it. I only own two ASEs myself; a 2006 proof I received as a gift that is still in its original packaging, and a 2007 uncirculated I got for my type set. It's a nice design and all but I'd rather have more variety in my collection so I just can't see myself buying more bullion, and if I were ever to buy more it would be to increase the variety in my collection. I would love it if the US did with its bullion coins like what China does with their Pandas; change the design every year so there's some actual significant variety to make it worth collecting more than one for a reason other than pure investment. (US Mint does this with their platinum coins; they should do it for their gold and silver too.) Then I'd actually get excited about collecting more of them.
69s are better than 70s, and more reasonably priced. MS/PR70 is nothing but marketing. The average collector couldn't tell the difference between the two grades in hand. I know I couldn't.
The difference between a MS-69 and MS-70 is small, but it can be seen by experienced collectors. But the difference between a MS-68 and MS-69 is a little bit different. Most collectors (including myself) can not tell them apart. Saying the grade of MS-70 in nothing but maketing is just incorrect.
Hit the nail right on the cabeza! They're nice to look at but other than that it's one ounce of silver same as any other ASE, just because it's a better strike means nothing to me anymore. :thumb: If you want one, go ahead and buy one. One is alright if you want something to showoff but anymore than that is overkill. jmho
