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Why would a 1999 NGC MS-70 ASE be worth $25,000 ?
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<p>[QUOTE="supradealz, post: 1293024, member: 34016"]of course no coin is perfect, you magnify it to 30x and you will start finding surface imperfections on any coin. ngc grading considers ms70 perfect under 5x magnification. if i buy an ms70 especially high value and i can see a visible flaw without magnification, i'm going to call NGC or PCGS and claim that written guarantee because they failed. yes, graders do miss things thats not saying the system failed, that grader failed. thats why they are a numismatic GUARANTEE corporation, they guarantee the grade. same as your .999 silver eagle, what if its .998? its guaranteed by the us govt to be .999 whether it is or not</p><p><br /></p><p>i'm just saying every ms69 that i have i can find a little mark or something on it. not a large one just a tiny mark or millimeter scratch. but i can see it with the naked eye. if you say you cant see a mark on an ms69 you're really not looking close enough. if i can see it, its there. my wife cares nothing about coins but i can hand her an ms69 and say wheres the flaw and she'll find it in under a minute.</p><p><br /></p><p>i have some panda coins and the bullion versions are reverse proof. frosted background and shiny foreground. out of a pack of 30 about 66% of them have small imperfections in the frosting where you can tilt the coin and see silver specks shine through where the coating didn't evenly apply. i'm talking about pin head size blemishes. but i can definitely see them. on the other 33% of the coins that are "perfect" as far as i can see with a 20x loupe guess which ones i'm keeping and which ones i'm selling.</p><p><br /></p><p>so which ones do you think are "better"? for your average joe amateur collector, they could care less. oh pretty panda.</p><p>for the hardcore collector who wants perfection (if it is possible) which would they prefer? </p><p>there are plenty of collectors who store AE in danco folders... i think its crazy for long term but those guys definitely dont care if its even ms68,ms69 or whatever. they're just collecting the coins.</p><p><br /></p><p>it all depends on the collector. for average joe collectors, especially with common non high value coins, condition really doesnt matter. ms61-ms65, whats the difference. you start getting into coins that are really common but rare in condition, thats when it matters.</p><p><br /></p><p>you want another gleaming example? i have a 2012 dragon proof kilo which is a monster coin. nearly every one made has a flaw on the queen's cheek - a pin prick on the highest point where the coating rubbed off because the airtight case is just too small by a hair breath. apparently shipping it causes movement which causes that blemish. one dealer ordered 20 and they all had that flaw. and yes its noticable with the naked eye especially once you know its there. just imagine if you're in australia and you picked it up in person and you have that one perfect PF70 coin and all other 499 coins have that blemish.</p><p>am i kidding myself thinking that coin is worth more? and the second question is you have the ONLY perfect coin out of 500 (an already small number), what is the premium that coin is worth?</p><p><br /></p><p>now you get into the situation where you have one of only 78 coins out of 7 million or so (1999 eagle). whats the premium for that coin? noone sits down and says hey i'll pay $25k extra for that coin cuz its a ms70 over an ms69. its all relative to supply & demand and relativity to other coins.[/QUOTE]</p><p><br /></p>
[QUOTE="supradealz, post: 1293024, member: 34016"]of course no coin is perfect, you magnify it to 30x and you will start finding surface imperfections on any coin. ngc grading considers ms70 perfect under 5x magnification. if i buy an ms70 especially high value and i can see a visible flaw without magnification, i'm going to call NGC or PCGS and claim that written guarantee because they failed. yes, graders do miss things thats not saying the system failed, that grader failed. thats why they are a numismatic GUARANTEE corporation, they guarantee the grade. same as your .999 silver eagle, what if its .998? its guaranteed by the us govt to be .999 whether it is or not i'm just saying every ms69 that i have i can find a little mark or something on it. not a large one just a tiny mark or millimeter scratch. but i can see it with the naked eye. if you say you cant see a mark on an ms69 you're really not looking close enough. if i can see it, its there. my wife cares nothing about coins but i can hand her an ms69 and say wheres the flaw and she'll find it in under a minute. i have some panda coins and the bullion versions are reverse proof. frosted background and shiny foreground. out of a pack of 30 about 66% of them have small imperfections in the frosting where you can tilt the coin and see silver specks shine through where the coating didn't evenly apply. i'm talking about pin head size blemishes. but i can definitely see them. on the other 33% of the coins that are "perfect" as far as i can see with a 20x loupe guess which ones i'm keeping and which ones i'm selling. so which ones do you think are "better"? for your average joe amateur collector, they could care less. oh pretty panda. for the hardcore collector who wants perfection (if it is possible) which would they prefer? there are plenty of collectors who store AE in danco folders... i think its crazy for long term but those guys definitely dont care if its even ms68,ms69 or whatever. they're just collecting the coins. it all depends on the collector. for average joe collectors, especially with common non high value coins, condition really doesnt matter. ms61-ms65, whats the difference. you start getting into coins that are really common but rare in condition, thats when it matters. you want another gleaming example? i have a 2012 dragon proof kilo which is a monster coin. nearly every one made has a flaw on the queen's cheek - a pin prick on the highest point where the coating rubbed off because the airtight case is just too small by a hair breath. apparently shipping it causes movement which causes that blemish. one dealer ordered 20 and they all had that flaw. and yes its noticable with the naked eye especially once you know its there. just imagine if you're in australia and you picked it up in person and you have that one perfect PF70 coin and all other 499 coins have that blemish. am i kidding myself thinking that coin is worth more? and the second question is you have the ONLY perfect coin out of 500 (an already small number), what is the premium that coin is worth? now you get into the situation where you have one of only 78 coins out of 7 million or so (1999 eagle). whats the premium for that coin? noone sits down and says hey i'll pay $25k extra for that coin cuz its a ms70 over an ms69. its all relative to supply & demand and relativity to other coins.[/QUOTE]
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Why would a 1999 NGC MS-70 ASE be worth $25,000 ?
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