What would you give for a 1998 Silver Eagle PCGSMS69? Do you grade the face of an eagle like you would a standing ,or walking liberty half dollar ? Dan
I would pay the current silver spot price for that or any other standard strike silver eagle which isn't a key date. I would resell it for the current trends price, slabbed or not. Paying a premium for a slabbed common date bullion coin is a mistake, IMO. They aren't circulation coins, so finding one in MS-69 is no great feat. Even the '96 only has a current market value of about $25 which makes the cost of a slab prohibitive. AFAIK, the standards for grading a bullion coin are based strictly on the quality of the strike and the number of blemishes. There would be a much stricter grading standard for coins whose starting value is based on being uncirculated. A much handled or cleaned eagle is worth its melt value with no coin premium to speak of.
It is up to the individual to decide what they are willing ot pay for anything. But to answer your question - there are a whole lot of people paying $25 - $30 for them on ebay and other auction sites on a daily basis. Some folks think this is crazy - others think they are getting a deal. You have to decide for yourself. As for grading - well no. As a general rule ASE's are very well struck. That is not true for Walking Liberty halves in many cases. A lot of these coins, depending upon which mint, were poorly struck in many years. So graders tend to be more forgiving with Walkers than they are with ASE's. But the principles are essentially the same.
As a newbie I sa PCGS had this particular coin graded at $50, so i thought $25'30 was a good deal , but what do i know im a greenhorn. As a collector how would you guys and gals that has been around a while suggest how to get a good price on a coin, right now i go to the PCGS coin site . the other day i saw a complete collection of SE69 for like $1300 which is quite a bit lower than waht PCGS says , so is that a good deal.If i remember im thinking they were PCGS graded coins. Dan
Hello bigelk, The PCGS price guide is often not a good indicator of real world prices. You can check various dealer prices to get an idea of what certain numismatic items are selling for. One of my favorite ways of determining current "trends" is to check recent completed auctions on eBay.
The PCGS price guide is not the best source for prices. I am not sure where they get their numbers from. The Coin Dealers Newsletter, commonly referred to as the GreySheet is a much better guide. It is a weekly subscription. A bit pricey for average collectors, but you can buy a single copy. A link is provided in the thread helpful information. They do not give prices on eagles in such grades as MS-69. Trends puts the 98 Eagle at $12 in MS65. Now you have to take into consideration that certification costs $28. So if you can pick it up for $25, I wouldn't think that is such a bad price. It will be a retail price, so do not think that you will get this price if offered to a dealer.
bigelk, I did a quick check on completed auctions on eBay, for PCGS graded 1998 MS-69 silver bullion coins. There have been many sold lately. With S$H included, the lowest went for $28.50. The highest went for $43.90. I don't buy certified bullion, but if that is your area of interest, I would certainly think that you could get a PCGS graded 1998 silver bullion coin for something less than $30.00.
ND If certification costs $28 dont they have to sell the coin For $28+the meltdown price+ shipping to break even,? Evidently not , or they wouldn't sell them , right? By the way what is the melt down for a SA D
Jody Curious, why dont you buy silver bullion? I take it that bullion coins are coins that are not circulated to the public, and they would all be ms 60 or above, right? D
Well Silver is at $8.10 an ounce. It is still climbing. Melt runs a small bit behind spot. Silver Eagles are traded among dealers for around $1.40 above spot. Many of us (dealers) send in many coins in hopes of getting spectactular grades. We miss a lot. This is the price of playing the game. We can't increase prices just because we want to. I know that a lot of people think we can and do, but this just doesn't work. It is still very easy to buy lots of coins for less than the price of the holder.
Hi bigelk, Maybe I should have been a little clearer about that. What I meant to say, was that I don't buy certified, or slabbed bullion coins. I do have some very beautiful Silver Eagles, and they are indeed uncirculated. Actually, bullion coins are coins made from gold, silver, or platinum, and are not intended for circulation, although they do have a denomination on them. They can be handled enough, so that they would be considered "circulated", though. The main reason that I don't buy slabbed bullion coins is, that I cannot justify the price difference in a slabbed and a raw bullion coin. Nearly all bullion coins are at least MS-67 when they are shipped from the Mint. The difference between MS-67 and MS-69 is so slight as to make no difference to me personally. An MS-69 Silver Eagle is in no way a "rare" coin. I'm also not in any kind of competition with other collectors to see who can afford to buy the most expensive coins. Not that there's anything wrong with the way anyone chooses to collect, but I have collected raw coins all my life, and have learned a lot by having to do my grading myself. Hope this helps to show where I'm comming from. Jody
Coins are worthless, better to sink your money into chicken feces. At least on the chicken feces grading sites, there are real experts involved.
coins dont usually have a 'sell-by' date. I doubt his coin has rotted. I could be wrong though, going to have to ask the experts to be sure.
You opinion seems to be offset, die shrunken, and without ridges. It is highly sought after by collectors of ignorance. No premium over face value.
'cept posters sometimes have last seen dates and are never seen again. Such as this user although, you already stated his coin is "worthless" .. rotted or not. whereas, since coins don't really rot (although many coin corrode to nothingness, and there's zinc rot, and other corrosion that can diminish coins) we doubt his was, 14 years ago.
