How much should one pay for a 2003-W PR70 Silver Eagle?

Ljr1964 · October 29, 2003 1:50AM

Seller has 19 of these for sale... From NGC. Excuse my ignorance, but is that a good value? PCGS graded coins seem to command alot more. Thank you one and all.

Placid · October 29, 2003 2:20AM

Ngc pop shows 2,300 pr70's so far. Seems like a alot for a coin with that pop.
A pcgs pr69dcam would probably be a better deal.

I would probably pay mint price+grading cost+$10 tops.

Russ · October 29, 2003 3:00AM

<< Ngc pop shows 2,300 pr70's so far. >>

2250 are probably Coin Vault.

Russ, NCNE

fountainheadgold · October 29, 2003 3:10AM

PCGS Is much more conservative with there pr-70's so you are right they command much stronger price. I have seen several PCGS pr70 's go for $650.00 and up.

DCAMFranklin · October 29, 2003 3:21AM

<< I have seen several PCGS pr70 's go for $650.00 and up. >>

For that money, I think I would rather have 10 coins in the NGC PF-70 UCAM holder!

291fifth · October 29, 2003 3:29AM

Not much. Just think of how many are still out there and not yet slabbed. The granting of too many "70's" is going to prove to be a nightmare for NGC.

mgoodm3 · October 29, 2003 3:34AM

If the there are 2300 and coin vault has 2250 and the seller has 19 where are the other 31?

JohnZ · October 29, 2003 3:35AM

Ten bucks. That's what a dealer would give you for one.

nucklehead · October 29, 2003 3:52AM

<< 

<< Ngc pop shows 2,300 pr70's so far. >>

2250 are probably Coin Vault.

Russ, NCNE >>

You got that right.

IrishMike · October 29, 2003 3:57AM

Those go for about $120 on Teletrade. Regardless of what some of the others tell you they are nice coins and I guarantee you that those who pooh pooh them wouldn't be able to tell the difference between an NGC and a PCGS if they were side by side outside the slab.

I've made this point now for the 6th time on this board, if you are so sure that the 69DCAM SAE's PCGS would go NGC 70 buy them, crack them out send them to NGC and triple or quardruple your investment. No one has taken me up on this yet.

JohnZ · October 29, 2003 4:00AM

Investment SHmesment. Like I said, try to sell them to a dealer.

291fifth · October 29, 2003 4:03AM

<< Investment SHmesment. Like I said, try to sell them to a dealer. >>

I agree. Try and sell them to a dealer and see what kind of a CASH offer you can get. This is how you can determine how much your coins are really worth.

Russ · October 29, 2003 4:08AM

<< Those go for about $120 on Teletrade. >>

The last one to sell on Teletrade was back in July, and the pop has skyrocketed since then. It went for $85. I doubt one would even bring $50 now.

Russ, NCNE

TheNumish · October 29, 2003 4:23AM

At $50 each I'll put out an open bid for up to 20 coins. Bring em on!!!!

Baley · October 29, 2003 4:26AM

The granting of too many "70's" is going to prove to be a nightmare for NGC.

but what if they ARE 70's, and they're just grading them as they see them.

this talk of "granting" grades (or, more accurately, refusing to "grant" a coin the grade it deserves because of some perceived bias against "affecting the pops" or some nonsense) scares me

IrishMike · October 29, 2003 4:33AM

Thanks for the correction Russ, most of the other dates were selling for around $120 and I was popping them on ebay for $200 PLUS. There is a large dealer in Indiana that sends these in by the boatload to NGC. Name escapes me at the moment. Irregardless DCAMs point was well made. What happens if the market crashes on these across the board. You have a lot less downside risk when you pay $65, $85 or $120 for them rather than $400-$850 for them. Of course you will have to weather the criticism from those that collect PCGS only SAE's.

Ljr1964 · October 29, 2003 4:39AM

Thanks for all the feeback. I bought a PCGS PR69 for $37. Besides, 69 is much sexier than 70. Also, PCGS 69 is >/= NGC 70 seems to be the consensus. PS. When I find a PCGS PR70 for $95, I'm not going to tell anyone.

(Safe to say that won't happen.) Thanks again.

Russ · October 29, 2003 4:40AM

Mike,

Most of the other dates don't have the enormous population of the 2003-W. Even PCGS is cranking out 70's by the truckload (relatively speaking).

Jay,

If you load up at $50 each, you better sell them quickly or your going to be stuck with losing inventory. They're already down to the $70's range and dropping fast.

Russ, NCNE

Baley · October 29, 2003 4:43AM

a related question: How much should one pay for an 1803 half dollar in VG10?

IrishMike · October 29, 2003 4:48AM

<< Thanks for all the feeback. I bought a PCGS PR69 for $37. Besides, 69 is much sexier than 70. Also, PCGS 69 is >/= NGC 70 seems to be the consensus. PS. When I find a PCGS PR70 for $95, I'm not going to tell anyone.

(Safe to say that won't happen.) Thanks again. >>

Sigh, that is absolutely not true, remember where you are. You are on a PCGS board, would expect the majority to say otherwise. But any way hope you enjoy your coin and you are correct in assuming a 69 is a better value than a 70 in a PCGS holder.

I can only give you the facts, you made your decision.

BTW that dealer is Silvertowne.

One last thing you will never get incorrect advise here.

cladking · October 29, 2003 7:17AM

Like with any coin, one should pay as little as possible for a 2000-W Pr-70 ASE. While some
might have you believe that all you have to do to get them for $10 is to call yourself a dealer
or to wait a few months until the pops are in the millions, the fact of the matter is that there
are collectors who desire these for their collections. Many are willing to settle for a 68 or 69
so long as the prices on the 70's are high but would happily upgrade should there be any fall-
off of price.

Perception is very important. It wouldn't matter if NGC were stricter or looser so long as most
people consider them to be a little looser there will be a tendency for the virtually perfect coins
to go there and the even better specimens to go to PCGS. Obviously not all making this decision
will be able to correctly assesss the difference or even have a basis for the comparison and many
may not even have this bias so it would follow that at least some NGC 70's are as good as at least
some PCGS 70's.

How much should one pay for a 2003-W PR70 Silver Eagle?

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