I don't get the hype with MS70

When it comes to modern BULLION, some just desire the MS70/PF70 for registry sets (or simply to have the best graded example). I know that many cannot tell the difference between a 69 or 70, but a group of individuals at a TPG did and made that distinction. A big part of this MS70/PF70 craze is speculation. Many are speculating that MS70/PF70 designation will bring a higher rate of return down the road over and above bullion value. This is a risk but so is simply speculating in bullion. Nobody on this forum knows what the future holds with regards toMS70/PF70 slabbed modern bullion or bullion for that matter. I do not buy MS70/PF70 modern bullion but I understand why people do. Imagine if you purchased a slabbed 2008 AGB or AGE or APE; they are bringing a huge return on investment right now. Will those prices hold up over time...who knows. TC

 

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The CoinTalk forum probably represents the "smart money" in the hobby. The "smart money" is almost universally against high-grade bullion. This opens up a huge profit potential in the hobby. Someday, the ASE program will be terminated. When this happens, every ASE will immediately begin to accrue at least some numismatic value because the supply will be fixed and the demand will continue. It will be possible for collectors to assemble complete sets with a known number of coins. Remember, at one time Morgan dollars were primarily bullion coins kept as bank reserves, and thought of as ugly coins.

Sometimes the "smart money" turns out to be not so smart when you apply present day opinion and fashion to try to determine what will be future period fact. Nobody knows what the status of today's MS70 bullion will be in thirty years. I suspect the coins will be very valuable, but MS69 might be the real sleepers since they are much lower in price.

 

I purchased four (4) PCGS graded 2009 MS - 70 ASE's. I paid $65.00 a piece for them. The reason I did it is because there were no proof ASE's produced in 2009. I know that there are a lot of collectors who have collections of these proofs.

Hopefully, ASE proof collectors will buy MS-70 circulation strikes as the next best thing to fill that hole in their collection. If not, I still like them. I'm not buying anymore, though.

Also, I'm guessing that silver will be much higher 30 years from now when I'll want to sell them.

There is a risk in every investment. That's what makes it interesting.

 

I don’t buy graded bullion coins either; however, I do pay the extra premium for dated rolls of ASE. I guess, in a way, it’s the same thing, because afterall, it's just bullion.

 

I aggree, and why would you expect a dealer to care if your family eats, that's your job!!!!

Dealers can only market useless stuff if people don't get educated about things they buy. I think at home they call that LAZY.

If everybody only buys quality items, those will be on the shelf, look at Europe.

McDonalds sells sh!!t too and people eat it everyday and then whine about their health. McD tried a vegetarian (Indian word for lousy hunter) sandwich and hardly anybody ordered it so it was discontinued.

It's your choice what's on the shelfs.
Buyers beware

 

lol!