2004 Silver Eagle MS70- Pop?? At least one!

bumanchu · March 30, 2004 5:41AM

Just got grades online for a recent modern submission.

I got a very pleasant suprise to say the least. I sent in a single 2004 Silver Eagle (in a group of 11 mint state and proof Silver Eagles) which looked perfect to me, but I knew it would be a 69 at best in PCGS's eyes.

Wrong!!!! Certification# 21517396 says MS70!! I guess my valuation on the submission form of $35.00 might be a tad on the low side!

LucyBop · March 30, 2004 5:47AM

congrats!

bumanchu · March 30, 2004 5:48AM

Thank you!!

goldrush00013 · March 30, 2004 5:57AM

I'm an ASE collector and I'm green with envy!
Way to go!!!!!

jasbucks · March 30, 2004 6:02AM

Fantastic! Congratulations

kamehameha00 · March 30, 2004 6:03AM

Its seems as if PCGS is grading more coins as 70s.Congrats on the nice score!

Russ · March 30, 2004 6:05AM

bumanchu,

You just hit the jackpot with this one. It appears to be the very first as the pop report currently shows zero in MS70.

<< Its seems as if PCGS is grading more coins as 70s. >>

Not in circulation strike Silver Eagles. The highest pop for any year is only four, and most years have zero.

Russ, NCNE

Dabigkahuna · March 30, 2004 6:05AM

Congrstulations,

I have gone through thousands without ever seeing an MS70 SAE.

Larry
Dabigkahuna

bumanchu · March 30, 2004 6:28AM

I have looked at quite a few also and have scored a MS70 recently across the street. Incidentally it came from the same group of rolls, but was not PCGS MS70 material. I didn't want to send this one across the street because it was a lot better looking, the "70" caught me off guard, but all I can say is wow!!

Russ · March 30, 2004 6:36AM

If you put that coin up in a well done auction, you'd reap a pretty sizable chunk of change.

Russ, NCNE

LAWMAN · March 30, 2004 6:37AM

Gee, Coin Vault has to send in thousands to get a few hundred MS70's across the street. But, they pay the other guys to just take a peek at them methinks, not for the whole nine yards. Anybody else know for sure?

bumanchu · March 30, 2004 10:51AM

What type of auction would be considered a well done auction? Or put another way, in what venue would a coin like that be appropriately or properly placed? Suggestions appreciated!

Russ · March 30, 2004 10:54AM

eBay would be fine. Large clear images, 10 days, featured plus, starting at 5 PM Pacific on Thursday ending on Sunday, $1 no reserve.

Russ, NCNE

ConstellatioCollector · March 30, 2004 10:54AM

nemesis93457 · March 30, 2004 11:00AM

Killer.....I keep hope for a first 70 (and of course a 2000-D Mill Sac in 68..God knows I am trying). Walt

dollardude · March 30, 2004 11:06AM

Cha-ching!

I collect ASEs also (PCGS MS69s are my goal). It's nice to see there is finally a 2004 PCGS MS70 in existence.

Trooper · March 30, 2004 11:08AM

Nice hit. Way to go!!
Russ has the right idea if you ask me on selling it.
Tom

FatMan · March 30, 2004 11:17AM

Cha-Ching! Great Make. Unlike the PR70's where PCGS has opened the flood gates, the MS70 is still tough. Sell now while still a pop 1 to maximize your profit.

Tootawl · March 30, 2004 11:20AM

WOW!!!! The Holy Grail for SAEs!! Congrats!! You have to post a photo when you get it.

bumanchu · March 30, 2004 11:56AM

I don't have a good digital camera, but I can try ...or maybe this is a good excuse to go out and get that camera I have been wanting to get!!

Russ · March 30, 2004 12:03PM

<< or maybe this is a good excuse to go out and get that camera I have been wanting to get!! >>

You can buy several nice ones with what that coin will bring.

Russ, NCNE

FatMan · March 30, 2004 12:14PM

No need for a digital camera. Don't need a picture of the coin. Just scan that label. That's the only thing that matters.

edsondl · March 30, 2004 12:28PM

You should post over on the Registry Board after you get the auction set up. I am sure that you will easily clear $2000 on the sale of that coin. I know of one silver eagle collector with a standing offer to pay up to $3000 (based on his website)

edsondl · March 30, 2004 12:29PM

Oh and Congratulations on your very nice score and good eye.

Cam40 · March 30, 2004 12:36PM

bet if you cracked it out and sumitted it again it,d come back a 9.
try it and let us know what happens.

bumanchu · March 30, 2004 12:41PM

<< congrats >>

Thanks!

<< crack it out and submit it again >>

You go first, I'm right behind you!!

greghansen · March 30, 2004 6:28PM

I don't have a good digital camera, but I can try ...or maybe this is a good excuse to go out and get that camera I have been wanting to get!!

This would be a perfect excuse to buy a quality digital with good macro capabilities. BTW, Russ's suggestions on appropriate auction forum is spot on IMO. Even with a good digital camera, you may stumble around trying to get quality images if you have limited experience with light settings, etc. I know its taken me 4 months and about 30 hours of experimenting just to get what I consider adequate quality photos and I'm NOWHERE NEAR where some of the other forum members are in terms of photography skills. If that becomes an issue, and you want to sell it while still a Pop 1, just get the coin to a forum member whom you trust that can take quality images for you to use in your listing. Overnight mail both ways is under $30 and will fetch you some great photo's. Cheaper than a new camera.

tonyhar · March 30, 2004 6:33PM

It is always great to get a 70!

bumanchu · March 30, 2004 9:33PM

Thanks for all the input.

But, don't stop now......

Fragmentum · March 30, 2004 9:40PM

Way to go, dude!

Looking forward to having some of my high end cherry picked one's graded/slabed...

Russ · March 31, 2004 12:25AM

<< I am sure that you will easily clear $2000 on the sale of that coin. I know of one silver eagle collector with a standing offer to pay up to $3000 (based on his website) >>

I think $3000 is the minimum this coin would bring at auction. If the right couple of bidders came along, $5000 would not surprise me. For the entire 19 years, there are only a total of 12 MS70 coins. Of those 19 years, there are 14 years that have zero in the grade. This would be a very rare opportunity for one of the set owners in the huge MS69 logjam to break out of the pack.

Russ, NCNE

wondercoin · March 31, 2004 1:02AM

Congratulations on the MS70.

It is my understanding that PCGS will generally NOT grade a MINT STATE Silver Eagle in the MS70 grade now for the simple reason that the coins "turn in the holder". The processes utilized at the Mint in the striking of these MS Silver Eagles appears to result in the coins "turning", in some cases before they are even removed from their shipping packaging upon shipment from the Mint. This is not the case, however, with Proofs. Why - I have no idea.

So, technically, I believe that even if a coin has mark-free surfaces, it will not support an MS70 grade if it has spots on it. If, and when, the US Mint alters its production methods and the coins come out "spot-free", I suspect there would be many more MS70 Silver Eagles at PCGS. Perhaps 2004 is that year - time will tell.

Wondercoin

Fragmentum · March 31, 2004 3:46AM

I hate to pop this fantastic bubble, but Cert Verification for 21517396 is showing MS69!!

Russ · March 31, 2004 3:49AM

Oh crap, it does show MS69. It sounds like the online submission report was FUBARed.

Russ, NCNE

bumanchu · March 31, 2004 5:48AM

bumanchu · March 31, 2004 5:56AM

Yes, the online report has changed since yesterday.

I thought April fools day was April 1st not March 30th.

I guess a bird in the hand is worth two in the bush.

However, I may get more money in my lawsuit for the emotional distress I am currently experiencing.

bumanchu · March 31, 2004 9:16AM

I guess the truism that may be seen below morphed into a prophetic statement that has been fulfilled!!

I hope I did not make a fool out of myself.

I did not believe that the "70" was beyond the realm of possibility as I have had three PRDCAM 70's in the last six months.

Oh well.

Cry and you cry alone!

joecool · March 31, 2004 9:16AM

Placid · April 3, 2004 12:32PM

Someone at pcgs must read these boards

XpipedreamR · April 3, 2004 12:35PM

MS70?

That's close to perfect!

2004 Silver Eagle MS70- Pop?? At least one!

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