Is there a point in chasing MS / PF 70? Based on my collection I can't really see any difference between a 69 and a 70 in slabs (NGC / ANACS / PCGS), be it eagle, panda, maple, etc and they are minted at least in the hundreds of thousands. The premium of a 70 is at least double though, what do you guys think? I suppose if you are thinking of reselling you should go for 70, but if it is for personal collection then a 69 will suffice. Lawrence
I think 70's are for chumps. If I can't tell the difference without a stereoscope, that's not a hair I'm willing to split. I'm perfectly fine with MS-69 or even MS-68 for my modern bullion coins.
If you can't tell the difference between a 70 and a 69, whether it be PF or MS, then you are better off buying the 69 and save a bunch of money to buy other coins. It's not really hard telling the difference between a 69 & 70 using a 10x loupe if a strict grading standard is applied meaning that 70 is a perfect coin. Some people don't believe that a perfect coin exists, but they do. The problem lies in the fact that sometimes the grading services give 70's to coins that should really be 69's. It only takes a tiny mark the size of a pinprick. I don't know if it is intentional or not, but if I were a grader, I would go loony looking at all those modern coins day-in and day-out. Chris
Fortunately, I only had to do it a few times a year........$250 bags of P&D Sac's (2002-2007)........$25 bags of P&D SQ's (4 per state for 1999-2008). Of course, I never found any 70's for the business strikes, but I did find a bunch of 68's. I'm just glad I didn't have to follow this routine like the graders.......5 days a week.......week in.........week out. Chris
Grading of modern silver bullion is inconsistent. I have seen modern silver bullion coins graded as 69 that look better than some graded as 70. Not sure what the future holds, but this will likely not end well for those investing in 70s.
I see the same. Go to a show and pick up a 70 and maybe a quarter of the time I see a mark that should have made it a 69. More rarely, I have seen a 69 that I simply do not know why they downgraded from 70. If you can tell the difference, I will never question what a collector wants to collect. But, if you can tell the difference yourself, why not just buy the coin raw that you already know is a 70 and save the money? If you cannot tell the difference, I am sorry but the plastic will not save you, as there is too much inconsistency. Always remember advanced collectors might look at a slab, but then look at the coin to ensure the slab is not wrong. Paying 70 money for a 69 coin is a really good way to lose a lot of money.
MS-70 Eagles are overhyped, overrated, and overpriced IMO. Just buy 69s if you really want near-perfect examples with only one tiny imperfection(a nearly invisible mark hidden on the design, not on the field, or a tiny edge flaw).
neither can the graders.. Reselling a 70 coin???...who is gonna pay you a premium for a 70 coin?? I have said this many times.... high grade modern coins are just a big hype. They are a one way street with only sellers and no buyers.
