which would generally bring more money from a coin dealer. 1. PCGS PR69 silver eagle 2. Proof Silver Eagle in original box w/COA Asumming the same date and a problem free coin in both respects. I know it depends on what they need for customers but I am curious if one is generally wotrth more than the other. Lack
Interesting...good question Lack; I too will be anxiously awaiting the responses on this topic... One would think the slabbed because it is certified and professionally graded. But then there's the aspect of the coin being "direct from the Mint condition" with original packaging (velvet box encased in cardboard box with Seal) and coa. -LTB
This 2001 PF69 ends in 30 minutes...sold 54.97 + 3.99 s/h = $58.96 http://cgi.ebay.com/2001-West-Point-Proof-Silver-Eagle-PF-69-Ultra-Cameo-/220606496939?cmd=ViewItem&pt=Coins_Bullion&hash=item335d2c00ab Here is another uncertified 2001.. sold 54.21 + 8.60 s/h = $62.81 http://cgi.ebay.com/2001-Proof-1-Ounce-Silver-American-Eagle-/120572295156?cmd=ViewItem&pt=Coins_Bullion&hash=item1c12ab37f4 Here is an uncertified 1987..sold 48.6 + 8.60 s/h = $57.20 http://cgi.ebay.com/1987-American-Silver-Eagle-Proof-w-case-box-and-COA-/120572283136?cmd=ViewItem&pt=Coins_Bullion&hash=item1c12ab0900 and here is a 1987 PF69.. sold 54.02 + 3.95 s/h = $57.97 http://cgi.ebay.com/1987-S-PROOF-SILVER-AMERICAN-EAGLE-NGC-PF69-ULTRA-CAMEO-/150443891014?cmd=ViewItem&pt=Coins_US_Individual&hash=item2307279946 You are welcome to guess whether the TPG's or original packaging goes though for more. I'm willing to bet a wheatie that the orig packaging get more $$$ per coin. Looks like they get about the same money on a very limited and unscientific polling, so it really does come down to packaging preference? I would also mention that if you look at the online dealers of ASE's they tend to be the same money....so it really is preference of mint packaging or TPG'd.....
For grins I checked APMEX and they get $10 more for the PF69 over the mint packaged, but I would take that with a grain of salt as well. It would not be too hard to buy them for the same money or darn close.
Yeah, well APMEX probabley has a large number of customers who foolishly buy the slab and not the coin. If you check any of the local dealers in your area, and they're anything like mine here, their raw, uncertified coins are just as nice looking as the ones in slabs, and in some cases the price is the same.
JMHO, proofs in slabs are highly overrated. I can see spending the submission fee to a TPG on a coin that was plucked from circulation, and has a high value and re-sale potential, but for a proof? I don't get it. A proof is a proof, and can also be a CAM, DCAM, or UCAM, but it's still a proof.
The vast majority of proof SAEs will grade PF69, with only a few PF68 or lower and a few PF70. A proof SAE in original box w/ COA (if not already searched/scrutinized) MAY be a PF70 and likely worth a lot more than an already slabbed PF69. Your question asked which would bring more money FROM a coin dealer, so IMO an ungraded ASE with the potential to attain a PF70 grade from a TPG would be the one to do so. TC
I would think it would be easier to sell the ungraded to a dealer. It will display better in his show case with the velvet box and papers. It looks like your getting more for your money to the general public. Otherwise you may have to educate your buyer about what the slab means. To some, time is money and a quick sale without a lot of conversation has some merit. If your selling on eBay and I was the buyer, I would take my chances on the graded coin. Your personal opinion about the mint coin could be way off and pictures don't always tell it like it is.
I would much rather have a silver eagle in the original mint packaging then having the coins graded. But then again I think it is totally foolish getting bullion graded.
While I will generally agree with this, I'm not 100% sure that the proofs can just be "bullion". They are made with numismatics in mind, so if they are just bullion, why would they both striking them as proofs? Even the bullion coins are looked through by many to find the "cherries".
That only reason the mint started making American Eagles was for investors. http://www.usmint.gov/mint_programs/?action=american_eagles I still stand behind my statement that they are just bullion.
TC, great minds think alike. Was thinking the same thing. With the unslabbed, you still have a shot (cross your fingers) at getting that 70 (we can dream right?). With a slabbed, you already know what you're getting. Though we're talking any buyer. With a dealer. The dealer is going to pay whatever s/he thinks they can get a better profit margin on. If the dealer has slab happy clients or if the dealer's base prefers the raw. Personally, the bullion folks make a strong point. Their good for bullion and less so for collecting.
Upon rereading the original question in this thread, the actual answer is no. A MS or PR coin's value is what it is regardless of it's presentation.
