I think that its inflated especially since its questionable what should even define a MS70 coin. What if the standards are more strict ten years from now and people wont buy "old" slab MS70s because most wont grade anymore or more likely what if the standards loosen to meet demand and the population of MS70s Inflate?
Yes, I think they are over priced. However there is a market for them from the collectors that collect graded 70 coins. Since I can't really see the difference, I will buy 69 all day long and be completely happy. Also if I can find the coin raw, I would be more inclined to buy it that way. I do have some slabbed modern commems but it was simply because I liked the coin and got it at a decent price in 69.
Yes, they are definitely over-priced. I mean what's the sens of paying extra for a coin in a piece of plastic that say 70 on it when over 80% of all of those coins get that 70 if they are sent in for grading ? Buy a raw one for a fraction of the cost and you have the exact same coin that's a 70 anyway. You don't have to be a rocket scientist to see the logic of that !
Yes! 70's are worth every penny that bidiots are willing to pay if you've submitted them for grading yourself. No! 70's aren't worth the money people are willing to spend since most of them wouldn't know the difference between a 70 and road kill. Chris
These MS70s are only worth what someone is willing to pay for them. Do I think it is a risky investment? Without a doubt. Buy them because you like them. I, like most of the other posters think this market is going to come to a head soon and implode. If gradeflation wasn't so obvious on many of these, there might be a chance these would be worth considering at some point.
This is exactly my approach. I couldn't have said it any better. The advantage of people mindlessly wanting anything with a 70 on it is it leaves more 69s and raw coins for us who are not "hype hounds". It also helps to keep the price lower on non-70 coins, as the popular demand is focused on the "perfect" (I almost choke every time I type that) coins. The other thing I like about raw coins is I can actually hold them (by the rim of course) and admire them without a plastic barrier that usually is an impediment to appreciating the true beauty of a coin. If a person is a collector who likes coins for what they are and not for some possible, illusory future gain, I would think a 70-grade would, in most cases, not even be on one's radar screen.
All of my modern commemoratives are either raw or graded 69. Either way, they all look great and I am happy with them. I have also saved a lot of money not buying into the TPG MS70/PF70 hype. TC
I have only two 70's in my collections, and they were both my submissions that came from the 2005-S SQ Silver Proof set. The Oregon SQ is PF70UCAM (which I don't really care about) but the other is the Kansas SQ, PF70UCAM Mint Error, which I will never part with (unless some bidiot comes along!) Chris
I have some 70s in my collection and I agree and disagree with what's been said. I understand the theory behind the 70 grade in that there has to be a top grade. If we didnt have the 70 grade than 69s would be the top grade and probably way over-inflated. In that case, we should be happy that 69s can be purchased at a huge discount. What I've noticed is that sometimes you can find 70s that are not priced all that much higher than the 69 grade. In those cases, I will usually opt for the 70. I too would much rather buy the 69 most of the time. A good example is the 2001 Buffalo commemoratives. $130 to $150, for a 69, some people think that is over-inflated. Then a 70 goes to a few hundred or more. The 70 is not worth it in that scenario to me. Not worth double the value of the 69. If it was $180 for the 70, I'd probably pay the premium to get one. The 70s I have are perfect, mark, nick, scuff free coins. That's what people are paying for. Most 69s you can tell why they received the grade. Some you can't. I don't feel that 70 is a fake grade, although many problems are so minor it becomes like splitting hairs. I still agree that it's gotten way out of hand. Especially on some of these silver state quarters. It's insane. I have MS69 graded coins that are plenty nice for me. I think you have to use a little common sense in considering them. Do you want a 19th century gold coin or a PF70 state quarter that has a low population (for now) and is barely any different than the 69 version? Which has more long term potential of gaining value? Maybe there will always be die hard 70 collectors? Who knows? The quality of all coins plays a role in price. The issue is that the coins in question are collector coins, never handled, never circulated and ALL saved. The only minor problems they can exhibit is damage that occurred at the mint. The theory is that nearly everything the mint kicks out is 69 quality and only some can achieve 70 quality. I agree with this. I've seen plenty of 69s with nicks, marks, scuffs, spots, specks, etc.... That's the norm. I feel that 70s are above the norm for making it through totally unscathed. I guess I'm of the camp that in most cases, they deserve a slight premium but not several multiples of what 69s go for. It would be risky to dump everything into 70 quality coins at current values.
