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Message:: [QUOTE="halfcent1793, post: 3697736, member: 86853"]The thought that ten million of the things have been slabbed by a single company made me go to their website to see what this is all about. As of this writing, NGC has, indeed, slabbed 10,062,007 Silver Eagles (1986-date). I would think that nobody would slab a piece of silver bullion unless he thought it was perfect, and, indeed, the median and modal grade for every pre-2001 “business strike” is MS-69. For the special strikes, and for business strikes of the last 5 years, it’s MS-70. As I write this, silver spot is $19.46. Even at $8 per coin plus postage for those who send in thousands, the break-even grade is MS-68. For you and me, the break-even grade is MS-69. You might as well melt any SE with even minute flaws. The only way to make significant money on these is to have one that you got from the Mint in 2001 or earlier that slabs MS-70. This, of course, assumes that the reason for having them slabbed is to make money. Earnest collectors might just want to have a large collection of slabs with relatively cheap pieces of metal in them taking up lots of space in their homes and safe deposit boxes. And don’t forget that essentially none of those special labels add any value on the secondary market. In short, I had a great laugh over this.[/QUOTE]