Message:

<p>[QUOTE=&quot;19Lyds, post: 2214515, member: 15929&quot;]That&#039;s not quite how I remember it Doug.</p><p><br /></p><p>I remember that PCGS used to assign MS and PR70 to Silver Eagles but once the spotting began to rear its ugly head, PCGS mad e it policy that NO Silver Eagles would receive an MS/PR70 due to the instability of the coins and the grade guarantee. Spotted MS70 SAE&#039;s were seriously cutting into their profit margins.</p><p><br /></p><p>NGC, on the other hand and for whatever reason, didn&#039;t seem to have problems with SAE&#039;s developing spots after being slabbed so they continued churning out the MS70 SAE&#039;s.</p><p><br /></p><p>This in turn, began to cut into PCGS;s profit margins since NGC was getting a majority of the bulk submissions for Silver Eagles.</p><p><br /></p><p>After a few years, PCGS bit the bullet and rescinded that &quot;No 70&#039;s&quot; policy even allowing coins graded under that policy to be resubmitted for reconsideration.</p><p><br /></p><p>But, it really doesn&#039;t matter since the MS/PR70 grade has been sooooo diluted over the years, it&#039;s practically meaningless anymore. Buyers should never ever pay anymore than $10 bucks over the price of a comparable MS69 collectors coin. If they do spend more, they&#039;ll regret it unless they can find some other sucker to buy into the dream.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in