Can You Grade?

Anyone who would pay 70 prices for raw coins is throwing their money away.

Anyone who would pay a premium for Early Releases is also throwing their money away.

Chris

 

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The only Early Releases that are "real" are the ones from the umm, funny farm where label collectors will end up spending some time. And "First Strike" means two more and you're out.

Full disclosure: I do have a show label or two, as show souvenirs, not for serious coin collecting.

 

I don't think its an age-related rift. My profile defaulted my birth year to 1900 when the forum changed up. I rather like it and have deliberately avoided having it corrected. I'm quite a bit younger than 115

It's more of an enlightenment rift. Those in-the-know, and those who need to learn.

There comes a point where the bulb flickers to life...

 

Sir, are you [gasp!] promoting smoking with your avatar?!?!? Don't you know the twenty-something thought police are hereabouts, and will berate you until you bleed from your eyes in abject shame? You are a truly brave and defiant one. (BTW, I don't smoke, but I do occasionally "sizzle".)

(Sigh.) I remember when smoking was considered cool and [self-censoring here to save the moderators the trouble] wasn't. Ah, the good old days ......

 

If the president of the United States smokes, it must be ok

 

Love it! I'm afraid I have to count myself among the the 20-somethings, if only for a few months more, and I'm ashamed to agree with your overall perception of those in that demographic.

I'll go along with defiant though. I'm still very sure that the only reason the smoking ban passed (in my state anyway) was that not a single politician, fearing political suicide, stood against it.

Liberty be damned as long as the overly voluminous whining of squeaky wheels results in a new revenue generating fineable "offense" that can be shoved down the throats of individuals and business owners.

Back on topic I say again:

Buying slabbed BULLION ASE's for anything over melt is a fool's errand, regardless of grade.

There are some private mints and other nations putting out beautiful designs with low mintages that are far more desirable.
Here's an example of the other end of the spectrum on this learning curve:
https://www.cointalk.com/threads/400-for-an-oz-of-silver.238492/

 

Anyone that pays 70 money for a coin that is not in NGC or PCGS plastic is just gambling. Nothing wrong with that. I do a bit of it myself.
I don't feel there are many folks that can call it a 70 and get it in a 70 holder enough of the time to not loose on the gamble.

 

Yeah, I can grade. Up to MS67 or so, I'm pretty consistent on most series. But, I don't buy MS70's, even slabbed. I don't think they're worth the premium when you can get MS68 or MS69 coins that look every bit as good for a fraction of the price.

 

Just some factors I consider when picking raw 70's. I tend to err on the side of caution, so, I probably reject some as 69's that may grade 70. For me to buy a raw 70, I need a great early die strike and basically no flaws at 5x. Since the market is what it is, these days I can usually cherry pick from dealers, but they're beginning to get wise, so best place to pick them is from the source, the Mint.

 

If you can really pull that off, then I don't see why a dealer would object. If they aren't willing to take the risk, but you are .... hey...

 

It's not so much the dealers object, they apparently cherry pick the 70's, as the coins they put out have enough of a problem to probably only grade 69.

 

Yeah, I noticed that, too.

 

The high prices for "MS70" and "PF70" are due to the label and the registry game. The coin is worth much less; it is the plastic that sells for a premium.

 

Well say what you like but if I can get a brand new (2015 for example) 2015 Silver Eagle NGC E.R. MS69 for only $40 or so dollars, I can't get the money out of my wallet fast enough

 

Anyone paying 70 money on a pcgs or ngc coin is not gambling because in order to gamble you have to have a chance to win. These modern 70 collectors are just losing.

 

IMO, No such grade as MS/PR70 = a perfect coin.

 

There's one born every minute...

 

I kinda have to agree there, that brings me back to my point though.

For me, not being able to tell a difference between a 69 and 70, then the price difference, then the abundance of the "perfect coins", I find it hard to believe.

 

No way Jose!..if someone claim they can do it w/o cheating is full of BS!