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<p>[QUOTE="Sallent, post: 2278774, member: 76194"]The problem is that things like first strike and MS-70 in modern coins are a bit of a gimick. First of all, big dealers literally have their coins shipped straight from the mint to the grading services. At least a quarter of all bullion coins will be an MS70 due to the quality of modern presses and modern quality control, and any bullion that gets to the grading services within the first 30 days of release gets the first strike label regardless of whether they were struck first or 20 days after production started.</p><p><br /></p><p>I've visited 5 coin shops in South Florida and all of them have two or three shelves full of modern American bullion coins graded ms70. Its just not that rare or impressive, and I feel that the hype will eventually not be able to support the premiums and the premium prices will collapse. If you think the over-availability of MS70 bullion is something now, wait until the next economic crisis where everybody who bought a dozen of these over the TV will rush to the coin shops to sell them. These dealers may not have enough space to store all the MS70 bullion that's going to be heading through their doors.[/QUOTE]</p><p><br /></p>
[QUOTE="Sallent, post: 2278774, member: 76194"]The problem is that things like first strike and MS-70 in modern coins are a bit of a gimick. First of all, big dealers literally have their coins shipped straight from the mint to the grading services. At least a quarter of all bullion coins will be an MS70 due to the quality of modern presses and modern quality control, and any bullion that gets to the grading services within the first 30 days of release gets the first strike label regardless of whether they were struck first or 20 days after production started. I've visited 5 coin shops in South Florida and all of them have two or three shelves full of modern American bullion coins graded ms70. Its just not that rare or impressive, and I feel that the hype will eventually not be able to support the premiums and the premium prices will collapse. If you think the over-availability of MS70 bullion is something now, wait until the next economic crisis where everybody who bought a dozen of these over the TV will rush to the coin shops to sell them. These dealers may not have enough space to store all the MS70 bullion that's going to be heading through their doors.[/QUOTE]
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