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<p>[QUOTE=&quot;COCollector, post: 2547449, member: 76108&quot;]John, welcome to the Forum.</p><p><br /></p><p>It appears you&#039;ve got some, um, mistaken notions.</p><p><br /></p><p>You say, &quot;PCGS didn&#039;t bother to grade them.&quot; Nope, it doesn&#039;t work like that.</p><p><br /></p><p>PCGS is a third-party grader. They don&#039;t manufacture coins. And they don&#039;t get their coins direct from a Mint.</p><p><br /></p><p>Instead, folks like you &amp; me (and dealers) submit coins to PCGS and pay their fees. Then PCGS grades &amp; slabs your coins and returns them to you. Like this:</p><p><br /></p><p><img src="http://www.images-apmex.com/images/Catalog%20Images/Products/97552_Slab.jpg?v=20161013112325&amp;width=300&amp;height=300" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>So if a coin is ungraded, it&#039;s because no one submitted it to PCGS. It&#039;s definitely not because PCGS didn&#039;t bother with it.</p><p><br /></p><p>You also say, &quot;Limited to 500.&quot; Nope. Far from it.</p><p><br /></p><p>The 30th Anniversary 2016 American Silver Eagle (ASE) Proof is produced by the U.S. Mint. From their <a href="https://competition.usmint.gov/cumulative-sales-figures/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://competition.usmint.gov/cumulative-sales-figures/" rel="nofollow"><b><span style="color: rgb(0, 102, 204)">website</span></b></a>, sales for the 1st month (9/16 - 10/16) were 423,639.</p><p><br /></p><p>These ungraded coins are available direct from the Mint for $53.95 (plus shipping): <a href="http://catalog.usmint.gov/american-eagle-2016-one-ounce-silver-proof-coin-16EA.html?cgid=american-eagle-coins#start=1" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://catalog.usmint.gov/american-eagle-2016-one-ounce-silver-proof-coin-16EA.html?cgid=american-eagle-coins#start=1" rel="nofollow">http://catalog.usmint.gov/american-eagle-2016-one-ounce-silver-proof-coin-16EA.html?cgid=american-eagle-coins#start=1</a></p><p><br /></p><p><img src="http://cdn.jmbullion.com/wp-content/uploads/2016/07/2016-1-oz-proof-american-silver-eagle-box.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>So far, PCGS has graded 26,655. The majority (80%) graded 70: <a href="http://www.pcgscoinfacts.com/Coin/Detail/570523" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgscoinfacts.com/Coin/Detail/570523" rel="nofollow">http://www.pcgscoinfacts.com/Coin/Detail/570523</a></p><p><br /></p><p>And of course the ungraded coin is typically cheaper. There are no PCGS fees.</p><p><br /></p><p>But it&#039;s crazy that some folks have actually paid over $500 on ebay for a PCGS-slab 2016 ASE Proof. (Hopefully you didn&#039;t.)</p><p><br /></p><p>Why is that crazy? You can get the same coin all day long for $80 - $90 from lots of vendors. Like this: <a href="http://www.jmbullion.com/2016-proof-american-silver-eagle-pcgs-pr70-fs/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.jmbullion.com/2016-proof-american-silver-eagle-pcgs-pr70-fs/" rel="nofollow"><span style="color: rgb(0, 102, 204)">http://www.jmbullion.com/2016-proof-american-silver-eagle-pcgs-pr70-fs/</span></a>[/QUOTE]</p><p><br /></p>

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