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Thoughts on collecting grade 70 slabs...
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<p>[QUOTE="Tom B, post: 1604952, member: 11854"]As long as PCGS doesn't have a shift in their definition of PR70 then I think there isn't any more downside to this endeavor than there is to essentially any other method of collecting coins. I believe in the past there have been times when a short burst has resulted in a large relative increase of PR70 coins for the JFK and Ike series. Additionally, in an area that I am much more familiar with, MS68 silver (1932-1964) WQs were almost <i>never </i> given out by PCGS from 1986-1999 or so and then within a year or two the populations exploded from around 10-pieces total to perhaps 40 or 50-pieces total. However, this did not hurt the PCGS MS68 market price for these coins.</p><p><br /></p><p>I also think that folks <i>can </i> reliably tell the difference between PR69 and PR70 based upon a single experience of mine a few years ago. I had purchased a fairly large quantity of a modern gold coin from the US Mint and went through all the examples to pick out the 70 graded pieces for a PCGS submission. PCGS had been running something like 30-35% of the coins for the issue as graded 70, but the 30 or so coins I picked out resulted in about an 85% success rate for the 70 grade. So, picking out a 70 vs. a 69 can be done, at least in aggregate, by some folks.[/QUOTE]</p><p><br /></p>
[QUOTE="Tom B, post: 1604952, member: 11854"]As long as PCGS doesn't have a shift in their definition of PR70 then I think there isn't any more downside to this endeavor than there is to essentially any other method of collecting coins. I believe in the past there have been times when a short burst has resulted in a large relative increase of PR70 coins for the JFK and Ike series. Additionally, in an area that I am much more familiar with, MS68 silver (1932-1964) WQs were almost [i]never [/i] given out by PCGS from 1986-1999 or so and then within a year or two the populations exploded from around 10-pieces total to perhaps 40 or 50-pieces total. However, this did not hurt the PCGS MS68 market price for these coins. I also think that folks [i]can [/i] reliably tell the difference between PR69 and PR70 based upon a single experience of mine a few years ago. I had purchased a fairly large quantity of a modern gold coin from the US Mint and went through all the examples to pick out the 70 graded pieces for a PCGS submission. PCGS had been running something like 30-35% of the coins for the issue as graded 70, but the 30 or so coins I picked out resulted in about an 85% success rate for the 70 grade. So, picking out a 70 vs. a 69 can be done, at least in aggregate, by some folks.[/QUOTE]
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Thoughts on collecting grade 70 slabs...
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