Why grade a silver eagle?

andrew289 · Apr 27, 2007

Silver Striker said:

Guys?????

If you all remember my old post....

PCGS does NOT give Silver Eagles MS-70 grades

Here's the old post...

LINK
Click to expand...

No, I didn't see your old post. Doesn't really matter what PCGS does. I don't support them. I use NGC and 70 or not ..sales in NGC slabs have been brisk. They must have not seen the old post either...and don't show it to them ....yet ..hahahah

Log in or Sign up to hide this ad.

eddiespin · Apr 27, 2007

Troodon said:

That's exactly why anybody would ever get anything graded... if you're just collecting and have no intention on reselling your coins there is no reason to get any of your coins graded! Only exception that makes sense to me is if you have a coin of questionable authenticity and are willing to pay for an expert opinion on whether or not it's real. Grading is completely subjective as you can easily prove by sending the same coin to multiple graders (or even the same coin to the same grader, multiple times!), so what is the opinion really worth? Especially if you're only collecting for your own benefit and not for the sake of reselling at a profit?

I just don't understand what makes a theoretically perfect coin any more valuable than a coin that's almost perfect but you need a magnifiying glass to tell that it's not. If you can't tell, why should you care? If even the so-called experts can't tell all the time, why should you care? Far too high a value is placed on grading. I'd never pay a single cent more for a graded coin than that same coin in the same grade would cost raw, ever. In fact the only reason I'd ever buy a graded coin is if the coin is counterfeited often enough to make it worth paying for assurance of its authenticity (say, for a trade dollar).

I'm starting to agree with the kind of people that assert that the so-called reputable graders are no better than the ones that are not... they all take advantage of people's belief that a slab with someone's opinion on the grade makes the coin worth more. Not standing up for companies like SGS, but how are any of the major graders people consider reputable any better? Because they conform to a higher subjective standard? So what? What makes that worth anything? Use your own eyes to decide if a coin is worth its selling price, and stop relying on someone else's purely subjective opinion, and you'll get the coins you want for a lot less money. It may sound like a cliche to say "buy the coin, not the slab," but it's a cliche for a reason.
Click to expand...

Geeze, Troodon, you make it sound like you think coin collecting is supposed to be a hobby or something!

... :thumb:

Log in or Sign up

Why grade a silver eagle?

andrew289 Senior Analyst

Guest User Guest

eddiespin Fast Eddie

Share This Page

Log in or Sign up

Why grade a silver eagle?

andrew289 Senior Analyst

Guest User Guest

eddiespin Fast Eddie

Share This Page

Useful Searches