Have been adding to my krugerrand collection for some time now, as a matter of fact just added one two days ago..LOL, specific date Krugers are hard to get anyway, let alone a proof or special edition, the mintages are pretty ridiculous, I dont normally buy NGC holders or anything less then a 70 in a modern, but take it this is a special edition with only 300 mintage ! and to top it off the price isnt much more then a premium on a common date !! proof coins are usually substantialy higher, I am thinking about pulling the trigger, and just submit at the coin show in Long Beach, I am sure the value would be increased in a PCGS holder, heres the coin in question.
Don't think it would get a 70, there's a few black spots, they might be dust but if not, then those definitely move it down to a 69. As you said, PCGS would certainly increase value.
I really like the special addition part another really good one is the 90th birthday of the queen, now that she has passed on that’s probably going to double in price !
And with modern coins of similar characteristics that's almost always the case. For example, I've owned several special editions in gold from various countries with mintages under 150 and a couple even under 50, in NGC and or PCGS 69 or 70 slabs. And yet each one always sold for a small premium over melt. A lot of folks can never quite wrap their heads around that, simply don't understand why that happens. Given low, even ultra low mintage, high grade, Proof or similar special type, and in gold - and yet they consistently sell for small premiums over melt. They think it would be otherwise. But they forget one thing, and an important thing - if nobody, or very, very few want these coins, they're simply not going not going to be any premium of any consequence. No demand = no premium.
Indeed you are correct Doug. Take (for example) the 2001 American Buffalo dollar...mintages (unc. and proof respectively) of 227,131 & 272,869......quite high for a modern commem and yet the prices for these still remain extraordinarily high. Why? Demand
