Why do we grade bullion?

ASE's do have a face value of $1 and could be spent as such. I do agree that grading them is an academic exercise and is really a tool to increase the perceived"value" of a particular issue year.

 

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Even though I normally only buy rolls of eagles, this year I also snagged 10 ms70 30th anniversary slabs.

 

But since you go it for not much more than bullion, why do you think you will be able to sell it for much more than bullion?

 

"Why do we Grade Bullion?"

Because we (they) can.........

I once was in that crowd but after having lost my butt on resales (over the long run)......I left that crowd.

Grading bullion, regardless of the number of big ticket auctions that folks post, will never amount to more than a fools errand in that what you buy today as graded bullion, MS/PR70 or not, is simply going to lose money over the long run.

Big ticket items are based upon populations, not grade. Populations can change with the next submission and I can guarantee you that if a 1995 ASE sold for 5+ grand on Great Collections that there will be 100 coin dealers making bulk submissions on 1995 ASE's to try and achieve the same price. For the 1995, not many have made the mark but historically speaking, that could change at any moment and when it does, the profit margin ends. These are not "rare" with regard to any definition of the word rare and as such, prices will go down. It;s just a question of when.

I would caution any collector that is considering entering the MS/PR70 SAE Market to understand that what they pay is NOT necessarily what they'll get and that if they understand that basic fact, then they are certainly free to do whatever they wish.

 

Historical data. Plus, acquiring it at the right time, at the right price, from the right person/entity.

If I overpaid $20 for bullion, I can live with that. I've made other mistakes in life that have cost me a LOT more. Haven't we all?

 

So Long Arm that MS 70 eagle .. Is it any different than the one that brought the big bucks then? pcgs says 69.00 give or take why did the other bring so much..

 

19 said its not on the grade but population how many is out there then?

 

the same reason PCGS graded a nail

 

Shoot, I remember the day when we's was just happy to get a particular date (out of the change [dey didn't have eagles back then]) No regard to condition (although you wanted most of the design to show). Totally uncomplicated, innocent and sober.......

 

Sounds like my kid days as a collector...

 

Mine too.......it was really so simple. Now we's all caught up in makin' money. Thank the Lord I don't do this for a living........I'd be starving to death.

 

Thats why I quit.

 

"SOBER" that's a 5 letter word!

 

At least it ain't a four letter word Paddy.....

 

Would of been yesterday

 

Why do we grade bullion?

To waste money

 

Why do some people grade bullion?

Because some marketer somewhere figured out that some sucker would pay for it.

And.... profit.

 

eeww.. I WOULD BE ONE THEM THE Marketers.. cause I have bought cars and land, homes, and some Bullion and had it appraised then sold it for more than I paid for it.. so that makes me a bad person, four letter word,.... toooo.... Sorry.... I guess...

 

Most dealer will buy extremely rare of odd pieces

 

Once you've seen an ASE, you've seen them all. It's different for silver dollars, somewhat for Ike's, because they were made for circulation and also relatively long ago. But eagles were never meant to circulate, and they are pretty recent. These characteristics make eagles ungradeworthy in my opinion. And pretty toning I only admire in older coins.