The cost would be a lot of self-respect once you learned how stupid paying the ludicrous "70 Premium" is.
A considerable sum, I would imagine, but for what purpose? Bragging rights? You could buy a complete set of '69's for uber less........
Have you ever stopped to think that larger submissions have a size advantage? Try looking at hundreds of blast white silver eagles, and see if things don't start to run together and your eyes blur after a while. By time you hit 200-300 or so, I am sure they all look like 70s.
CAC green beans? I'm joking and obviously am not being serious. I can just see people starting a column called "Dear Laura" much like "Dear Abby." (On a more realistic note, I am only joking and I have respect for modern coin collectors, and yes, Laura too!) *** Dear Laura... I appear to be having problems getting my "dreck" in the right plastic. I just cannot make a MS70 Silver Eagle. Can you please bless me with your infinite wisdom on submissions, crack-outs, resubmissions, and TPG ethics? Sincerely, Curious Numismatist *** Deer Cur.e.uz: STOP IT! Just stpo it. Evryone nos that hte secundery coin market four modurnz is dead. Do knot by dreck. Also, too get top dolar n this markeet, it must bee in het rght plastick. PCGS pastique, If the slab ore grde dont fit, u must resubmit. Also remimbr tht only thee true MS70 coins re wurth the large premeums u sea in adds. Gradeflation is rampent. Sadly fur u, CAC only considurz reel coins (like da stuf we sale). Find an CAC subtitute if u insist en staying n this market. How did I do @brg5658 and @$ignofthedollar ?
On more than one occasion I paid a healthy premium for an MS70 Silver Eagle and while I didn't feel "stupid" when I did it, I did feel like an idiot when I sold them for not listening to those who knew. Yes, I have been known to be an "ID - 10 - T" but, hopefully, those days are gone. AS for eBay Suckers. My line has failed to ever hook one. I personally think that the MS79 ship sailed right around the last time I bought one. I just didn't see it from where I was standing.
I need to get just one 70. Maybe I'll find a 95W at the price of a raw Silver Eagle. I here that's all they are worth.
There *are* 70's which are genuine Condition Rarities and worth quite the premium if you get a real 70 (TPG records are hardly perfect on the issue). Others - the majority of recent Proof issues, for sure - ought to have 70 as the expectation rather than the exception. There are ASE's (not the '95, obviously) with PR70 Pops well into 5 figures; people hold them like bullion.
I disagree. Unlike circulation minted coins the modern commemorating coinage is perfectly intact. Almost all are either in a holder or their ogp. All it takes to make more 70's for most issues is to simply submit more of these perfectly preserved coins. The rarity needs a correction factor. Something around (70)/(total pop submitted) x original mintage x correction factor. Pick whatever factor you want to account for the argument that only better coins are submitted. But even with a realistic correction you still will be left with such a large population their value as 70's is dubious at best. Yes there are issues like the 95w where the mintage is so low that you actually find a rarity but these are few and far between
Go look up the value of some MS70's. The earlier ones, pre-1990. There are a few across denominations, and they are worth paying for.