MS-70 Overflow Poll

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not talking about the coins that either of us have seen. just generally speaking

 

How can you make the statement that "most" are overgraded without having experienced for yourself that most are overgraded?

 

i think people should reread the origional question

 

Which vague question should he reread?

Chris

 

In my humble opinion, a perfect coin deserves a 70. If I was ever fortunate enough to have a business strike (not a satin finish) grade MS70
in one of my submissions, you just might see a bidding war between Stacks and Heritage to sell it.

Chris

 

You are right. 70's do bring a high cost to them because they are as close to perfect as a coin can get. The same thing applies to baseball cards and almost anything people collect. the ones that are as close to perfect as they can be always bring a premium.
You made the statement that we should wait a few years and the 70's that are worth so much now will be worthless. Once again I tell you to do your research before you make a statement that has no merit behind it. Pull up the auction sites again and look at all the proof lincolns from the 90's and see were there prices go. Are they selling for less than $100. No. Are they selling for less than $200? Most of them are not. In fact many of them are now selling for $300 and up and that is at auction houses and not retail. These coins are not going down in value because the 70 grade is not given out very much by the top three. Once again, do your homework and you will see.
maybe this thread will give you the education that you need so you are not making blanket statements like that anymore.

 

Ill tell you why, he is making blanket statements wich he has no proof to back it up. If he cant back up his statement then he is just jacking his jaws. (or in this case his fingers:goofer

 

The MS70's that I've taken the time to look at look perfect to me. Of course I hardly ever take the time to look at them because I'm more than likely not gonna buy the MS70 coin anyways. too much $$$

 

As I said in my comment, my main area that I am talking about are PF70 Lincolns. Those from the 80's and 90's are still holding the same value if not increased. If you are talking modern commems then yes, the hype did make those bring way to much money and people lost there shirts on those because they did drop a lot in value. My statement was on proof linclons.

 

a few years back one of the companies slabbing coins was also selling on ebay - there were a lot of ms70.

so basically it wasn't a third party -

wasnt there or is a polish called ms70? so basically the can legally say ms70 with the coin on ebay - and stand behind their "slabbed coin"

 

Doug, the one that I thought was most interesting was the 2003 Lincoln that PCGS graded MS70RD not too, too long ago. My memory is getting pretty bad, but didn't it sell for $2 million plus? I also found it interesting that not too long after that, PCGS announced that they were imposing a time limit on the color guarantee for Lincoln cents.

Chris

 

I don't know how old the information is in the PCGS price guide for non-paid subscribers is on their website, but I don't see them showing any MS70 business strikes. Do you have to subscribe to the Coin Facts to get that kind of information?

 

I assure you that no Lincoln has sold for $2,000,000. The most expensive ever was the 1944-S steel cent (oops, penny) that went for $377,000 (I am close). Also, there are no MS-70's reported for 2003 nor 2003-D.

Also, the PCGS time limit expired 1/1/10. It is not a time limit, but it is no longer guaranteed.

 

I know I'm not going crazy. It was big news in Coin World. I think I remember that Laura Sperber had something to do with it. I'll see if I can't find the article.

As for the PCGS guarantee, didn't they impose a time limit for all previously graded RED?

Chris

 

I knew I wasn't crazy, but I did get some of the facts wrong. Can someone search the Teletrade archives for this sale?

Chris

http://www.pcgs.com/articles/article_view.chtml?artid=4779&universeid=313

 

Are you trying to think of the one that developed a spot? That was a 1963 and it sold for $40,250.

As for the PCGS guarantee, as I understand it, it is guaranteed forever to the owner as of 1/1/10, but can never be transferred. See http://www.cointalk.com/t88189/

BTW, the 43-S went for $373,750