PCGS 20TH Anniversary ASE MS70's ?'s

Discussion in 'US Coins Forum' started by Silver Striker, Jul 31, 2007.

  1. Silver Striker

    Silver Striker Senior Member

    OK,

    I have several questions regrding PCGS and their new grading practice for MS70 Silver Eagles.

    Specifically relating to 2006-W burnished eagles and the 2006 Silver Anniversary Sets.

    I bought 20 sets but opened 5 to enjoy looking at 1 set. The other 15 are essentially for an investment.

    I have the following in unopened mint sealed boxes.

    1 box with 2 sets
    1 box with 3 sets
    1 box with 5 sets
    1 box with 5 sets

    All at my relatives Nevada store inside the safe!

    Seeing several recent e-Bay auctions with, in my opinion, unrealistic prices... I find one sold for $5,500.00 and another unsold wanting $3,599.99 and one full set of 3 sold as high as $7,275.00

    http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=160139074813

    Now I wonder how many people with re-submit their MS69 20th anniversary coins for re-grading hoping to get the almighty MS70?

    Will PCGS re-grade and include the 20th anniversary label on their MS69 labeled slabs?

    Will PCGS re-grade and include the 20th anniversary label on an NGC labeled slab?

    I am asking because I believe that the MAJORITY of the 20th anniversary ASE's have been either opened or sent in for grading already.

    Will this new grading policy at PCGS create higher prices for UNOPENED mint sets on e-Bay? I really don't believe that most collectors actually realize that PCGS has changed this policy.

    I wonder what the chances are for getting any MS70's on a submission of 15 possibilities.

    If I were to send the sets to PCGS, I would get all the coins graded just for the 20th anniversary labels. Currently, I am not a Collectors Universe member so that cost would be included in the grading fees. I don't exactly understand their grading fees and am wondering what I would have to pay per coin for grading each coin and getting the 20th anniversary labels?

    Wondering what I should do? Get them graded now while PCGS will grade the uncirculated with MS70? They may change their policy again in the future. Or just keep them in their mint sealed boxes for future possibilities?

    I also wonder what the 20th Anniversary MS70 PCGS population report will show in 1 year from now?
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. CentDime

    CentDime Coin Hoarder

    Are those avaliable for First Strike? I would get that if i could as those coins sell for moon money right now, and an MS70 or PR70 reverse proof would be in the thousands.
     
  4. decru

    decru Member

    Silver Striker is cool, good looking, funny, intellectual, sensitive, smells good, has nice hair, handsome, great smile, great vocabulary, great taste, and likes to fish.
     
  5. mikenoodle

    mikenoodle The Village Idiot Supporter


    Nowhere in his post does he say that he purchased them from the mint. You made a pretty big assumption.
     
  6. Robert 29

    Robert 29 Senior Member

    Actually, I also have 20 unopened sets. I ordered 10 sets (the maximum allowed) and purchased another box of 10 unopened from a friend that needed the money. Now I don't consider myself anything other than a collector/investor and I certainly don't feel I've circumvented any rules!!!! The fault lies with the mint for not putting smaller limits on products that are likely to be very hot items, they supposedly don't like to produce rarities!! In this case it was a slam dunk and should have had a limit much lower!
     
  7. Silver Striker

    Silver Striker Senior Member

    decru,

    5 sets ordered...

    Order Date: 08/31/2006 at 07:02 AM

    Delivered Oct 30, 2006

    I opened this first box of 5 sets

    2 sets ordered...

    Order Date: 11/01/2006 at 02:07 AM

    Delivered Dec 24, 2006

    3 sets ordered...

    Order Date: 11/01/2006 at 02:09 AM

    Delivered Dec 24, 2006

    My other 10 sets were a Christmas Gift from a relative!

    These were 2 boxes of 5 sets.

    I ask you was I unfair to anyone? If you had wanted 10 sets you could have ordered them between my first 5 sets and my second order for 5 (1 box of 2 and 1 box of 3)...

    You had a full two months to order from the mint during that period.

    I ask you to figure out how the Coin Vault guys had as many sets for sell as they did. They had several hundered in the first month after their release and I bet you they weren't buying from anywhere other than the U.S. Mint!


    :desk: :headbang: :desk:

    STILL LOOKING FOR ANSWERS TO THE QUESTIONS!
     
  8. mrbrklyn

    mrbrklyn New Member

    Isn't this asking for investment advise ;)
     
  9. decru

    decru Member

    My bad Silver Striker, for some reason my poor reading skills and under estimation of the silver set prices led me to believe that we were talking about the Silver Eagles, let me crawl back into my hole.
     
  10. bqcoins

    bqcoins Olympic Figure Skating Scoring System Expert

    investot/collector, huh, just make sure you tell the irs about any money you make off this.
     
Draft saved Draft deleted

Share This Page