What would the same set be worth if it was PF69? To me, it isn't worth a large premium for the PF70 label since it is possible there is no such thing as a 70. Once you get into the super-high grades above 66, the tiny differences in condition don't warrant the premium prices in my opinion.
I do in fact agree whole heartedly with your thoughts on this but it's hard to ignore the market for these coins. I collect for the enjoyment of collecting but I'd be lying if I said future profit wasn't a concern. I think the difference between a 67 and 70 as you state is practically nonexistant.
I want to make money as much as the next guy, but I don't think buying 70s is necessarily the best way to go about it. I think bullion coins are better for this purpose. Truly scarce coins in lower grades are probably also better. Modern coins in super high grades are already so high priced that it's hard to see them going up more than they already have.
Yes, instead of that buy a nice roman denarius...much more historical coin, and probably a better investment.
Now now, if he wants to spend his money on minute differences that he can't see without magnification, I think we should respect that. :goofer: In my opinion, the 70 grade can never truly exist - there will ALWAYS be something wrong with a coin, if you want to be picky enough. Also, I don't particularly care about grades above 65. But thats just me. That being said, I have seen 70's go for exorbitant amounts of money. If you think that these coins can do just that, then go for it. Let us know how it goes.
It's like I said earlier in this thread,I agree the differances between a 66 and 70 is practically nonexistent, and it's insane what some of these coins go for at 70...no what ALL of the coins go for at 70! So when I see a 5 coin set graded by NGC at 70 for $169.99 Im gonna assume in say 5 years, even 2 years, that 70 graded set will be worth a whole lot more. We can go back and forth about the sillyness of paying that much more for a 70 than a 69, cause I do think it's silly, but as long as there's a market for these 70 coins I might as well make some money too!
70 is suppose to be a perfect coin on a number of levels,but any grader will tell you grading is not so much a science as an opinon, I would think at the 68,69,and 70 level this is for sure the case. I also think people who seek out nothing but 70's are not really collecting coins any longer but plastic slab's.
Not when you can get the very same coins in the very same condition in a proof set for a fraction of the price...Mike
were talking about the mark up on 70 graded coins and the potential to profit by buying a set graded 70 early then selling them down the road for a profit!
So many statements that are correct here. However, I too think that when someone started saying MS-70 is a perfect coin, they are blowing steam. No coin is perfect. NOTHING is perfect. That is why they should now come up with MS-69.7489224+ approximately. I don't have any slabs. When I buy a coin in one it is taken out and placed in an album. I collect coins, not plastic.
You must be a scientist. You heard of the scientist and the engineer. Both on one side of a room with a voluptuous female opposite them. Each can go 1/2 the distance between them and the female every minute. The scientist will never get there. However, the engineer will get close enough for all practical purposes.
There is a HUGE difference between a 66 and a 70. The cheapest way to get these coins is in the proof sets: you not only get the quarters but all the others as well for the same price as ONE of those certified 70's. Where do you think all the MS70's come from anyways?
True, but this topic has nothing to do with the coins and everything to do with the label on the slab. The coins don't really matter. All depends on how the grader is feeling that day. Don't believe it? Crack them and send them back in. See if they all get 70's again. No? Why not? Isn't 70 a defineable grade?
I think the only time the coin would be a 70 is when the hammers come down and stamp it. Once its out of the stamper, it would be down-graded due to machine handling scratches, nicks etc
