What is the going price for 2010 ASE'S and other silver dollar coins in MS70 grade at the shops you frequent? Ms 70 grade from PCGS or NGC SPECIFICALLY.
I see them listed at a wide range of ASKING prices. An additional complication is determining what people actually pay for them. That being said, unfortunately I cannot help you with values. Not knocking your coins, or the coins you choose to acquire, but MS-70 is no different than MS-69 to me, and they're all bullion. To me, they're melt. I can point you in a positive direction, though. Please feel free to check past auction prices at www.teletrade.com or www.ha.com or www.ebay.com All of those organizations have search features that allow you to see recent prices paid.
On another forum Collector's Universe, there is a person who I understand is one who buys from the mint for resale at a price a certain mint determined % above melt. He then resales to members who want a tube or more. Most buy a couple of tubes to search for best and consolidate the rest to sell raw, while getting the best maybe certified to sell for more. You might search over there. Jim
http://www.thecoinvault.net/ I watch this infrequently they somehow think the early release means big markup. they make up sets and come on dishnetwork or watch off their website, only on certain days.
I feel they are worth as much as the guy you are selling to is willing to pay. I, like most people buy ASEs for bullion purposes only. My local dealer doesn't bother buying ASEs at a premium or getting them slabbed, because he knows there is little demand. But, to answer your question, I'd say $75 to $100 would be a ballpark figure.
Save your money and pick 'em up raw. It's a total waste of money to slab moderns.....'specialy bullion coins. It's also a total waste of money to buy 'em. Most grade out '67-'69 anyway. Just another way to try and make a "rarity" out of an otherwise "common" coin.
I was curious so I looked at the NGC Pop report. They have graded 2 times more 2010 Silver Eagles than 2009 Silver Eagles. 2010 Early Release MS69-247,373 MS70-10,903 2010 Regular Label MS69-15,150 MS70-1,612
Maybe not the place? But what does the MS70 mean or anyother #? when i buy a roll of ASE what am i getting? What should i be looking for? Sorry for sounding so dubm,but i am!:computer:
I dont understand what you are trying to prove by this? I see no figures on the 2009 listed in your quote.
That is the grading of the coin on the appearance. They grade them from 1-70 like they do diamonds on clarity, 70 is the absolute highest a coin can grade. MS stands for Mint State.
He's commenting on the fact that there are quite a few of these coins grading out in very high numbers. Without doing a dang thing you could already have a '69 or '70 in your posession.....
Well sorta, but there are something like 20million coin buyers ever year. So if someone picked up some early release ms-70 in 2010 then they have a coin with only around 10,000 minted which really isnt alot. I mean more than that many people live in most small cities.
These coins don't hit the "circulation circuit". They languish in the holdings of collectors and investors. There will always be large quantities of these coins in high mint state regardless of whether or not they are graded.
Question, as I have been curious about this as I am new to coins & bullions. But.. if ASE's are bullion/melt to you.. why pay the premium for one versus an ounce bar at a few bucks less? Thats not intended to be rude.. but to clarify so I understand your point of view. From what I understood, bying coins like ASE's and paying the extra premium for the actual legal tender coin was due to collector value moreso than melt. Wouldn't having an MS69 or 70, graded & sealed by a company like NCG or others allow this coin to retain this higher collector value, over say, raw coins that are not graded by a service? on the open market.. can a non graded & slabbed coin get its collectors worth if just in a flip?
People pay the premium because the purity of the coin is guaranteed. Many of the private mints producing 1 ounce bullion rounds are not well known or recognized in the eyes of investors. As for the slabbed high grades, some collect these and pay outragous premiums for them. I buy them as they are intended: bullion. I personally would not pay more for a perfect MS70 than one with a big ole greasy thumb print on the obverse. But I am not cutting down anyone who does.
I understand you points, and you opinion. No worries. In the gun world, where I am well versed, it is normal to pay premiums for high grade firearms, so I understand the reason behind paying a premium for a MS or PF 70, 69, ect.. Where I draw the line is the baseball card & comic book form of collecting.... as in, mints making millions of "instant collectibles" which are not truly collectible. Card & comic companies come out with so much "collectible" items, monthly, thats its a false market. I can see similarities in the coin market as well. The ones I do buy slabbed are only from years early in the run of ASE's... because I like proofs.. all else is gold coins, silver bullion bars from well known makers and toned morgans that are slabbed. From what I've seen so far though, non slabbed coins dont get the prices.. or the flood of buyers... on the selling sites. The ASE's I'm seeing in flips, dont get much over spot, no matter how nice the appear to be.