PCGS vs. NGC Silver Eagle huge value discrepancy - Why??

theheadhunter

A 1996 Silver Eagle certified by NGC in MS9 sells on e-Bay for an average of $55.00. A 1996 PCGS certified MS 69 brings $350.00 to $460.00. Why the huge differance?

mbbiker

I have wondered that to I think because PCGS has very strict standards

MadMarty

If it a NGC MS69 then it's a PCGS 68 or 67... Look at all the posts about PCGS tight grading standards..

pmh1nic

Because some people put a huge amount of emphasis on one or two miniscule marks.

braddick

The bigger question: Who the heck are these collectors clamering for a silver bullion coin in MS69 and paying hundreds to get it?

truthteller

No discrepancy, it's a $10 coin in any grade.

TRUTH

RotatedRainbows

No discrepancy, it's a $10 coin in any grade.

Totally agree!!!

gemseeker

You wonder if there is some sort of conspiracy between some dealer and buyers to pump up prices on what is essentially a bullion coin. If you melt it down, you still got the same amount of silver and other metals, but you just chopped off 99% of its supposed value. I guess the people buying them are either part of a Ponzi scheme (what goes up must come down?) or people who will buy them to become the next Redfield or Binion.

jamesfsm

I agree with Truthteller. These high grade bullion coins seem to have a following but why? I'm sure somebody can and will enlighten us.

coinkooky

I have a 94 and a 96 NGC MS69 ASE that look better than most of the PCGS graded coins in my set.

wallstreetman

I think most of you BULLION BASHERS can answer your own questions, just try being honest with yourself! There are people out there that cant understand why you would pay over face value for ANY COIN!

wallstreetman

My prediction, the term bullion(refering to coins) will die out! These coins are beautiful! Im not a toning fan, but I have seen some of these Eagles that I know you Monster Rainbow Morgan Lovers would die for!

cdmead

I asked a guy who sells this material what the big fuss is about the 1996 SAE (bid is over $20 when the rest are mostly less than $10).

He said that in 1996, the mint experimented with some sort of new planchet washing process, so most of the coins are spotty. Finding a truely nice coin is hard.

IMHO, it's $4.60 worth of silver with a $15 strike and a $400 piece of plastic.

baccaruda

If you melt it down, you still got the same amount of silver and other metals, but you just chopped off 99% of its supposed value.

you're talking about my lady...

if you melt down an 1877 MS67RD indian cent you just chopped off ALL of it's value. at least the SAE left something behind that's worth more than a melted heap of snot.

it boils down to demand again gentlemen - not everyone wants to drop 2 months salary on a chip of metal with NO intrinsic value (except for the face value).

now, although i love the SAE program, i won't spend any kind of premium on an MS69 example since i would think that probably less than .01% of SAEs have been graded. i also don't really care if they're "perfect" or "a shade less than perfect".

the SAE represents everything coin collectors should like - a beautiful design on a big, heavy coin with REAL intrinsic value. I hear lots of people on this board clamoring for the return of the silver dollar. i think they've forgotten that we already have one! it's not fake clad and it's not scrap metal painted gold, it's real silver - and it circulates about as much as most morgans did.