MS/PR 70 Bullion Coins - Do they fit in a traditional collection?

Do MS/PR 70 bullion coins fit into a traditional collection? Those grades are selling for way over spot. What do you think?

 

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For the right collector/registry set owner they do. For the traditional collector, they don't.

 

Why not?

 

Oh blast it Tom. There ya go making me explain myself.

I think that most traditional types don't want to spend the extra money to buy them. The '70' is not a draw for this collector and the added expense to obtain one is a real turn off........

 

My favorite slabbed ASE story. A member brought in a slabbed MS69 ASE with a minimum of $55 to one of our club auctions. The auctioneer said, "Where's the other one? Lot of 2, right?"

 

Down the line, if gold and silver move up, that "premium" will disappear, and the slabbed bullion coins will be worth only a fraction more than the lumpy one you carry as a pocket-piece.

 

No. Slabbing bullion is insane.

 

Slabbing bullion IMO, is a contrivance created by some fairly astute marketers. I would not pay a premium.

 

To save money on slabbing bullion, try the West Virginny Grading Company, although their holders only display one side. Send them two coins and an unopened can of Skoal.

Processing time depends on how many are chewing.

 

What is a "traditional collection"?

 

Specifically for the MS pieces, I don't think these are terribly collectible. None have mintages less than 3.3 million up through 2013, and many have substantially higher mintage. Survival rate is likely 99.9%, so I fail to see why they should carry any numismatic premium at all. Practically the same goes for most of the proofs, with the notable exception of 1995-W. Even Morgans with comparable mintages don't have huge numismatic premiums until you hit MS65+, and survival rates are much, much lower due to melting in the 60's-80's.

People buying MS69 or MS70 bullion pieces are buying plastic, a number, and a lot of marketing hype. That's it.

 

Why only 1996-W ?

 

Sorry, that was a typo (now corrected in my post). I meant 1995-W. It had a mintage of just over 30,000 and was only sold as part of the 10th Anniversary American Eagle Five Coin Set, an expensive set due to the four gold coins.

 

Well I disagree but can see why most feel this way. Here are my thoughts, someone new starts to collect bullion and starts with Eagles...then decides they want one of every year. If they can afford it, then they will want one of every year in the best condition they can get it (Bragging rights) no registry set needed.

So that being said, I have a few 70 graded Eagles.....few meaning less than 10% of my eagles.....pure hype I know, but hey they are in nice holders....

Heck I even bought one of these and it has held its value pretty well for a couple of years..

 

Not for a traditional collector, "moderns" maybe?

 

I like collecting bullion. I have albums with Kook's, ASE's and another with Maple Leafs. I also have a lot of graded ASE's. Some are 70's.

I'm happy with them.

 

Old stuff like what I see in my mirror!.....

 

Nice coin

 

Would you pay 10-20 times over spot for 69/70