I'm on the fence on getting this coin. Its is a ms70. Would this be a smart buy from a investment standpoint? Thoughts? Sent from my DROID RAZR using Tapatalk
Coins are a terrible "investment" tool and I kinda pucker up real tight when someone comes along with a question like "Is this a good investment?" As for the title coin, I'm of the opinion that they are well worth the price since they do represent the first "significant" variety for this bullion Series. Aside from a possible quadrupled die there just are no other varieties! The "investment" aspect of this particular coin died around July of 2008 when existing supplies were depleted since the actual investment amounted to ordering as many 2008-W's as you could afford from the US Mint in hopes of getting one for $25.95. After that, it was simply a joy ride until prices finally setteld to where they are today. Will there be another significant price increase? I don't really believe there will be. The wave has come and gone. So........if you're considering purchasing one of these, get it as cheaply a price as you can find and simply enjoy it for what it is! An interesting die variety. BTW, I have heard of folks still finding these in Dealer Inventory for around $50. No doubt sold by some unknowing collector to an unkowing dealer at melt. I seriously doubt that all 46,000+ coins have been graded and I'm positive that there are folks out there that possess these and simply do not know what they are. The best bet is to understand what to look for and then check out every 2008-W you can get your hands on. You might get lucky! If you find a raw one for a little over melt, then THAT would be a good investment!
First, welcome to the neighborhood! Let me ask you this. If it wasn't in a slab, would you be able to tell if it was an MS70? If you can't, then you would be better off getting an MS69 and save a bunch of money. Too many of the 70's are overpriced and it becomes very hard for you to ever recover the extra expense. Chris
Thanks for the replies guys. I've actually been collecting for about 4 years now. Since I got my tax return back I was looking for something good to buy but I can't decide what I want. I will probably end up getting the 2012 Australian Lunar year of the dragon high relief coin if I can find one for a reasonable price since they are alright ready sold out at the Perth mint. Beautiful coin! Funny thing happened though. After I posted on here I took another look at the 2008 eagles I have. Sure enough I already have one with the 2007 reverse! Lol Sent from my DROID RAZR using Tapatalk
