3 piece silver, no MS70 in the set?

JimDepot · October 6, 2006 9:04PM

Question: Why doesn’t PCGS grade Silver American Eagles in MS-70?

Answer: The chemical rinse that the U.S. Mint uses on these coins can cause white spots to develop over time. In most cases, the spots cannot be removed. Until that problem is resolved, the responsible choice for PCGS is to stay away from the MS-70 grade, even though some technically perfect examples exist.

This was from,

eCollector - October 6, 2006 | Vol. 6 Number 1

Does West Point use the same rinse?

fivecents · October 6, 2006 9:50PM

PCGS has graded about a dozen silver Eagles MS70. So Silver Eagles can grade MS70 at PCGS.

Bikingnut · October 6, 2006 10:02PM

From the news lettter:

Our Readers Ask
Question: Why doesn’t PCGS grade Silver American Eagles in MS-70?

Answer: The chemical rinse that the U.S. Mint uses on these coins can cause white spots to develop over time. In most cases, the spots cannot be removed. Until that problem is resolved, the responsible choice for PCGS is to stay away from the MS-70 grade, even though some technically perfect examples exist.

-- Ron Guth, PCGS President

Do you have a question you would like to ask our experts? Click here.
Or, visit the PCGS messageboards, the most active coin forums online.

Dennis

JimDepot · October 6, 2006 10:02PM

<< <i>PCGS has graded about a dozen silver Eagles MS70. So Silver Eagles can grade MS70 at PCGS. >>

1998 was the last year for an MS70 according to the pop report, or am I missing something.

fivecents · October 6, 2006 10:06PM

Oh OK Jim, I see what you are saying.....PCGS no longer grades the silver eagles MS70. I took your comment to mean that PCGS has never graded a silver Eagle MS70.

JimDepot · October 6, 2006 10:08PM

So, no MS70 in the 3 piece set or are the W mintmark coins going to be different

fivecents · October 6, 2006 10:29PM

The "W" mint marked MS silver eagles are minted at West point same as the regular MS silver eagles. West point would use the same rinse for both, so no PCGS MS70 for the "W" mint marked silver eagles.imo

kimon1230 · October 6, 2006 11:07PM

So, the best one can get is 2xMS69 and 1xPR-70 in the SAE?

JimDepot · October 6, 2006 11:08PM

<< <i>The "W" mint marked MS silver eagles are minted at West point same as the regular MS silver eagles. West point would use the same rinse for both, so no PCGS MS70 for the "W" mint marked silver eagles.imo >>

I hope thats one heluva reverse proof!

ABC123 · October 7, 2006 12:49AM

If you are looking for MS70 and PF 70 20th ASE grades---send them to NGC ! You won't get them at PCGS !

aficionado · October 7, 2006 12:26PM

I was wondering why I hadn't seen any PCGS MS70's out of the 2 coin set.

My recommendation is to NOT buy any of these current silver coins because when the 3 coin set hits, there will be A LOT more supply with Plenty of 70's and 69's from NGC.

Kaelasdad · October 7, 2006 1:59PM

It would be cool if this set was special and the mint tried out a new technique and PCGS decided it was okie dokie to grade them appropriately. Take collectors by surprise and make the set the most sought after set since....the gold set.

Just because NGC is giving out the MS70 label, doesnt actually mean to me its a 70. At least a PCGS in a 69 is at least a 69....

CoinResource · October 7, 2006 2:03PM

This doesn't seem right. PCGS should grade THE COIN. This is what they are paid for. NOW if they want to exclude Eagle MS-70s from their guarantee, that is okay with me.

They should not mis-grade the coin, because of what might happen.

THOUGHTS?

3 piece silver, no MS70 in the set?

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