Reply to Thread

Message:: [QUOTE="clembo, post: 606145, member: 8033"]In today's world of modern stuff that people want in a 70 grade it happens all the time. I see it often believe me. Not in the older coins that are proven but the modern stuff. My coworker and I have been drilling this into the boss' head for some time and it's starting to take hold albeit slowly. Case in point. We just put a bunch of NGC MS69 silver eagles on ebay. Many went for LESS than what he could get for them at the shop. So he's not only got the cost of the coin involved but a slabbing fee and ebay fees. One went for $18. Well, he could have gotten $22 at the shop without a slab or the hassle.People are looking for the 70 and to me that's a joke. I started a thread some time ago asking who could tell the difference between a 69 and a 70. Most can't. I know I can't they all look 69 to me. Modern stuff and slabbing is a waste of time to me for the most part. I suppose I should make that clear. If one has an extraordinary coin from a mint set that may garner a 67 or better it may be worth slabbing.Mass produced bullion coins and proofs are a waste to me. The 70 is nothing but a number that is one number higher than a 69 and people pay stupid money for it. For this reason a 69 is "garbage" and many people would rather buy raw, send it in and hope for a 70. PCGS and NGC create the "rarity" of the MS and PR 70 coins. People are really sucked into this and all by one little number.[/QUOTE]