2008 w se

friend wants $80.00 for it. Any thoughts?

 

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Not a bad price. Numismedia lists it for $114.

 

"Early Releases" adds absolutely nothing to the premium for this SAE. NGC has graded 19,785 PF70UC and 13,892 PF69UC. If you can't tell the difference between a 69 and a 70, buy a 69 for half the price.

Chris

 

$80?

Why?

 

What do you mean why? He is asking 80.00 for it so I was asking if it was a fair price.

 

I wouldn't buy a PF70, I wouldn't even buy them graded.
Buying them raw is better, there is no sense in paying a premium for no reason. This coin looks exactly like a PF69 or a raw one out there, that you could get for a lot less.
In other words, in my opinion, don't buy this coin.

 

Yea this was the only SE he was selling that kinda had me wondering as the others were a steal. Just wondering if this one was moveable at this price.

 

You will probably be able to move it alright, but more than likely at a loss.

Chris

 

PR-69 is just as good look as PR-70.

If you want a PR-70 I know where you can get one in an IGC slab for under $50.

 

I only but slabs from PCGS and NGC 47. But I think I will pass on this one . I may put it on Ebay for him tho and see what happens

 

In my opinion, buying an American Silver Eagle at the same or less of a price in an ICG/ANACS holder versus a PCGS/NGC is a very small difference. You will pay less, and you will sell for less. Your idea to buy only PCGS and NGC slabs is good, but for modern coins, ICG and ANACS might be just as good, they are all inconsistent, and on moderns, if you aren't paying PCGS/NGC hyped prices on ICG/ANACS coins, it really doesn't matter.
Just shouldn't buy graded bullion in the first place, I don't understand the hooplah.

 

The "hooplah" is a quick turn around for a large profit.

 

For both TPG's and the lucky guy who sent in his originally mint packaged ASE that somehow landed on the conveyor belt that goes to the MS/PF70 slabbing table...

 

You make a good point about the moderns tmoneyeagles. I began buying my Morgans and Peace coins from PCGS and NGC and have always been happy with the look it gave my collection. I agree with you on modern coins and you have (got my wheels turning) so to speak. Thanks

 

Just how large will that profit be on an $80 investment?

Chris

 

All the AME Proof are going up. last year a raw set w/box's & cert were about $1200.00.
now there up $1599.00-1650.00

 

Go check the online auction sites like eBay. A vast majority of sellers with MS/PR-70 anything bought a bunch in quantity, sent them in, and were lucky enough to have a certain percentage of what they sent in for grading and slabbing come back with 70 after MS or PR. They're tripling fair market values on their investement.

I can find PR-70 SEs for under, and at $50 price, compared to $150-$200, which I see being asked online.

The point of the matter is simply this: A proof is a proof and a MS-70 is still MS-70 and is still the same coin before it was submitted for grading and slabbing.

I don't submit coins to TPG's because I'm not looking for a quick turnaround for a profit.

If you've read the Red Book: A Guide Book of Morgan Silver Dollars, by Q. David Bowers; you're paying for someone else's opinion on the grade of your coin, and you can submit that same coin to 3 other TPG's and may get the same grade or differing grade. No matter which happens, you're still paying for an opinion. He lists an example of a Barry Cutler, at one time legal council for the FTC, who conducted a symposium at an ANA Convention regarding certified coins. He conducted an experiment by taking a group of 1908 Double Eagles, placing masking tape over the TPG label so as to hide the grade of each coin. On the tape, randomly, each coin was lettered. Several leading numismatists were given the chance to test their grading skills, and the results were that each one, had a different grade opinion from the other, as well as differing from the TPGs grade on the label.

Mr. Cutler's point was to show that grading is not only inconsistant, but only the opinion of the individual doing the grading.

 

Here is mine Jello. lol I agree with you 47 but in numismatics as in all walks of like you pay for a professionals knowledge, training and education regarding whatever, in the hopes that your own lack of knowlege grading can be overcome.

 

However, you're not really getting your money's worth on it.

 

My 2 sets are 1 Ngc and 1 raw w/all box's & certs

I only use Ngc Pcgs or Anacs