Over 12,500 NGC graded!

achillesaero

Is it true that I 'm hearing that NGC has graded that many 2007 w silver eagles ms 70!.I went to a local coin store and he said NGC is spitting em out like candy.

ebaytrader

13,200+ MS70 ER and another 2100+ regular label. Considering that we guestimate that there are about 3 million + BU ASE collectors out there, they will still be strong performers. I don't see NGC playing a numbers game with them which is a big positive, imho, for the collecting public.

leothelyon

<< <i>Is it true that I 'm hearing that NGC has graded that many 2007 w silver eagles ms 70!.I went to a local coin store and he said NGC is spitting em out like candy. >>



12500 out of what? 12502? We need a percentage of what they're doing. They're notoriouly known to churn out high PF and MS numbers. What else is new?


Leo

7over8

2007-W ASE % making 70 at NGC currently 19.56%

roadrunner

20%? That is like taking candy from the baby.

roadrunnner

boucharda

I think there are many more coins being sent for grading than in the past thus increasing the graded numbers. The collector base is growing and the demand for earlier issues in high grade will be obvious. Look at the proofs with 9 years of numbers below 500 PF70's (NGC) vs 2006's 12431/ FS 6662/ 20th Anniv. 10873/ RP 6662 (all 70's). I don't think it's a mint quality or NGC issue but just quantity and popularity

JRocco

Major wake up call for these ultra moderns.

Look out below.

greymars

And about 85% of these probably come from the "Coin Vault" submissions

Gary

FullStepJeffs

<< <i>And about 85% of these probably come from the "Coin Vault" submissions

Gary >>



Exactly... that's where they will end up momentarily... only for $500 each or two for $950... I'm sure they can give you stretch pay for five easy payments of $190 per month.

And then, once the little old blue hairs leave the planet for greener pastures, their family members will realize the coins might get them $40, if their lucky.

Steve

Russ

<< <i>Major wake up call for these ultra moderns.

Look out below. >>



Look out below what? It's not like NGC MS70 2007 SAE's are bringing any real money.

Russ, NCNE

IGWT

The Mint is spitting them out like candy. Are you suggesting that the percentage grading 70 should be suppressed to keep prices up?

coinman420

<< <i>Is it true that I 'm hearing that NGC has graded that many 2007 w silver eagles ms 70!.I went to a local coin store and he said NGC is spitting em out like candy. >>




thats why pcgs 70`s command a much higher premium when sold. they don`t hand them out like candy. this is why i never submit across the street

leothelyon

<< <i>And about 85% of these probably come from the "Coin Vault" submissions

Gary >>



It would be interesting to know the number they buy and if their submissions are for certified 70 coins only. This would screw up the pops. Are submissions cheaper this way?


Leo

Doogy

<< <i>

<< <i>Is it true that I 'm hearing that NGC has graded that many 2007 w silver eagles ms 70!.I went to a local coin store and he said NGC is spitting em out like candy. >>




thats why pcgs 70`s command a much higher premium when sold. they don`t hand them out like candy. this is why i never submit across the street >>



.....and if you like submitting coins/NCLTs to a TPG that works on a quota to keep the prices artificially high (and thus reinforcing a false notion that a 70 grade is actually rare), it looks like you made the right choice.

Bochiman

Having seen some NGC 70s and PCGS 70s, I will say if I were a MS70 collector, I would generally go for the PCGS one.
All in all, it is still "buy the coin", but I think NGC is more liberal than PCGS

Doogy

<< <i>Having seen some NGC 70s and PCGS 70s, I will say if I were a MS70 collector, I would generally go for the PCGS one.
All in all, it is still "buy the coin", but I think NGC is more liberal than PCGS >>




Maybe. ....but there are a lot of modern PCGS kool-aid drinkers that claim they can grade moderns and tell the difference between a 69 and a 70, but would still spend several times times as much (give or take, depending on the coin) on PCGS's claim that the coin is a 70, instead of buying a much cheaper NGC coin and "cherrypicking" it for much less.

Many won't do this however, as they know the TPGs won't cross a 70 in the holder, and it must drive them nuts having to have their "perfect" coin wrapped in the wrong flavor of Kool-Aid plastic. I have never seen more sheer plastic only buyers than i have lately with many of the ultra-modern crowd; it now seems like the old adage of "buying the coin and not the holder" doesn't apply to this segment much anymore. IF it did, you'd see many more collectors of these Mint products hovered over slabs at the major shows with loupe in hand, looking for the "perfect" coins that are residing in the "wrong" brand of slab. This kind of "cherrypicking" seems foreign to this group, and they would rather pay far too much to rely on a given service, and hope they got the grade right. sad state of affairs, really.

Coxe

I sure am glad I just go after nice and indisputably rare coins. Such meshugass.

JRocco

<< <i>

<< <i>Major wake up call for these ultra moderns.

Look out below. >>



Look out below what? It's not like NGC MS70 2007 SAE's are bringing any real money.

Russ, NCNE >>



Take about 10 seconds to think about the big picture I was referring to. It really isn't that hard.

TwoSides2aCoin

She's only a perfect 10 in your eyes.

Bullish

There not bringing any real money, but!! i do prefer, all my ultra modern silver,( If slabbed) To be in a NG# Holder. For now. Do to milking. I have everything else in PCGS plastic.