Wow--Pr70DCAM San Fran $1 went for $810 last night
Kaelasdad
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Only one sold so far, not mine by the way, I was shocked to see the price. Ebay auction 280049966391
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Registry geeks, chasing the 70s. Expect this price to be an all-time high for years to come, as more and more 70s are made and the price plummets.
Also keep in mind that one auction where you have a couple of bidders caught up in the moment, really isn't representative of where the market price is. You have to look at average prices paid over periods of time, and trends to help estimate where prices may head.
You can forget about NGC 70s as they're trading only about $100 above where PCGS 69s are. But the Averages through Tuesday for PCGS are as follows:
MS: 69 $253.49
MS70: $609.45
DCAM 69: $242.16
DCAM 70: $603.50
With the mint making the announcement of their extending issuance, and wholesaling to coin dealers who order 25 or more of each gold issue, the mint aims to make the maximum mintage permitted of 100,000 coins - with a ratio between proof and unc of 2 to 1 that would mean approxamate mintage of 67,000 proof and 34,000 unc. These are huge numbers not seen since the '93 Madison which had 100,000 mintage.
For all the complaints about coins falling out of their capsules, I'm really suprised at the grades so far of the proofs: 98 70s, 840 69s, 2 68s and one lonely 67. I sent five back myself that were scratched or dinged. I wonder what the mint does with all the returns. Oh, and on that note, PCGS has been much more forgiving on the San Fran grades than on the Silver Anniversary Eagles. Looking closely at some 69 SFs, you can find them bespeckled with minor pockmarks all over the coins, whereas in examining the ASEs you might be hard pressed to find anything more than the tiniest flaw on 68s!
Happy Collecting!