I'm surprised I couldn't find a thread about grading Eagles using the search function. But maybe I'm not using the right search terms. When I look up Eagles on sites like GC and Heritage, about 95% of them are graded. It seems the ones that are PR 69 are close in price to the ones that aren't graded at all. The ones that are PR 70 have a higher price than the ones that aren't graded. But they don't seem priced so high that they are worth the time, cost and hassle of getting them graded. Do you think grading Eagles is worthwhile or a waste of time and money?
This is just my opinion, but I think it is a waste of time for most individual collectors to submit SAE's for grading. Let the "big boys" submit their coins in bulk and buy them on a secondary market. By the way, if you can't tell the difference between a 69 and a 70, then you would be better off buying the 69. Chris
That's a great point about buying in bulk. If they buy in bulk and grade in bulk, I assume the entire process is less expensive for them per set than an individual investor who handles just a few sets. Now you have me wondering if it makes more sense for an individual investor to buy a graded Eagle rather than buying directly from the Mint and not having it graded.
In my opinion, the only time it MIGHT make sense, is if it is a low mintage coin. Even then, as you have already noticed, unless it grades 70, the price difference between 69 and ungraded is very minimal.
This is an argument that has gone on for ages on this site, i have about 300 eagles And not one of them is graded !, remember this is a bullion coin plain and simple ! Not a huge fan of grading bullion for obvious reasons, as any type of premium you pay will be next to impossible to get back out, just my two cents.
I hear you! I still can't tell the difference from an 69 or 70 ASE. I've seen ASEs with a 70 grading with spotting on the coin and they're brand new 2018.
Most ASE's grade up at '69 or '70 so why waste the money on grading? Especially (most especially) bullion? You folks look to maximize profit, so grading things effects your bottom line. Most dealers buying these things ain't gonna give you more than squat........I mean, spot.
Buillion ASE and American Gold Eagles, in my book, are a convenient, extremely liquid way to buy investment gold and silver. That’s what they were created for. If you want to collect them by dates, raw is just fine. And the ASE proofs look great in their original Mint packaging.
Short of something strange happening grading the new year bullion eagles is a losing proposition for the average collector. The would be premiums for the 70s just isn’t high enough to be worth the risk with a couple coins. It’s a bulk buyer and submitters game at this point unless the premiums climb
I think the numbers speak for them selves but if anybody has a good argument for grading any bullion coin, I would love to hear it.
The toning is for sure amazing but i would want to know, why the low grade ? Is it because of the toning or does it have an issue ? personally i think it would command a higher price out of the slab
That,s your opinion, being that most eagles produced in gem from the mint are Of a higher grade and toning is a natural process, i would want more info on the condition and why it came back only in a 66, but dont act like your opinion is the only one, cause believe or not there are others who have different ! Obviously your from a different school, just take a look at the pole
It's not my opinion, it's a stated fact that with toned ASEs like the one you were referencing they will sell better graded. The grade on them doesn't really matter, people are buying the color and when people are paying for the color having it in a straight graded slab will almost always bring a higher premium. When you are talking about toning like that it's a completely different market than randomly graded ASEs. The ones that can't get in a straight graded slab might do better raw from someone who thinks it might be gradable
The grade doesnt matter ? LOL So if that,s the case, why get it graded ? I think we can agree to disagree here, grade does matter as i said above your hypothesis does not make any sense. Maybe we can get some other opinions here ?