Why,, is the ms69 american silver eagle worth more than the proof? I need a pcgs ms69 ase, I can get a proof for less than $40, but the ms is more,, why?
I like whatever year is less than $40. And for some reason the pcgs are more than the ngc? I want a pcgs for a display with 2 other similar labels. If you have a row or pcgs coins with 1 ngc label in there it looks out of place to me.
Yep - depends on the year. I don't believe I have paid $40 dollars for one in a couple of years - proof or ms. I just keep bidding on ebay until I get one cheap. Sometimes it does take several months before I win one.
I understand. Keep browsing. I see MS-69 silver eagles in PCGS holders all over the place for less than $40.
Simple, because it is typically harder to get MS coins in grades as high as PF coins. Unfortunately, in the case of bullion coins that is not true for they typically come as nice as the proofs do. But the typical market for circulation coins spills over into the bullion coin market. In other words, people are so used to it, it just happens even though it is unwarranted. But there is something you should be aware of even though most are not. As little as 7 or 8 years ago these bullion coins that were slabbed by NGC and PCGS used to sell for multiples of what they sell for today. But around 2002 - 2003 the prices started dropping. They are still dropping, and I doubt they will stop dropping any time soon.
The proofs have always been handled very carefully by the mint and sold directly to collectors in their airtight holders. This has not always been the case with the uncirculated MS bullion coins. The mint doesn't handle the MS nearly as carefully - with the exception of the few sold direct to collecters and the West Point MS coins. The majority of the bullion MS coins are only sold to dealers who purchase 10,000 or more for resale purposes, those coins are sold by the roll and many are from later strikes and these coins have bag marks and other blemishes.
