Newby - Silver Eagle grading?
cianmos
Posts: 3
I inherited a coin collection from my father that includes a lot of very nice, uncirculated Silver Eagles, most not slabbed. (The few that are slabbed are either ICG MS70 or NGC Gem Uncirculated.) Originally I wanted to send in some of these (unslabbed) coins for grading, probably by PCGS.
After reading a number of posts about Silver Eagles and milk spots, I'm thinking maybe I should just vacuum seal them and store until someone solves the milk spot problem. The majority of them have NO milk spots currently, so on the other hand I could try some measures to prevent milk spots, as has been mentioned in some posts, and them send them in. All the coins, except some 1995's that have some toning around the edges, look like MS69's at minimum.
I think some qualify as MS70, but I'm very new at this. A coin dealer said it would not be worth grading any of them, but he just glanced at the coins. (He was offering $18 each for them.) I've looked at them under high magnification and bright light, and can't find any flaws on most of them - no marks, scratches, toning, etc. (And definately no wear, of course.) All have great eye appeal. Most of the years are post-2000, so I know I wouldn't make really big bucks by selling them now, but I'm thinking of the future as well.
So, to grade or not to grade, that is the question. Anyone have an opinion?
After reading a number of posts about Silver Eagles and milk spots, I'm thinking maybe I should just vacuum seal them and store until someone solves the milk spot problem. The majority of them have NO milk spots currently, so on the other hand I could try some measures to prevent milk spots, as has been mentioned in some posts, and them send them in. All the coins, except some 1995's that have some toning around the edges, look like MS69's at minimum.
I think some qualify as MS70, but I'm very new at this. A coin dealer said it would not be worth grading any of them, but he just glanced at the coins. (He was offering $18 each for them.) I've looked at them under high magnification and bright light, and can't find any flaws on most of them - no marks, scratches, toning, etc. (And definately no wear, of course.) All have great eye appeal. Most of the years are post-2000, so I know I wouldn't make really big bucks by selling them now, but I'm thinking of the future as well.
So, to grade or not to grade, that is the question. Anyone have an opinion?
0
Comments
Ha, im 1st !
FYI..Post 2000 ASE's....in the MS category...only the 2006-w & possible 2007-w, demand a premium. PCGS did not give out an MS70 for ASE's until 2007 & will not consider any ASE regrades (MS70) for years prior to 2006. ICG graded modern coins, are usually overgraded by 1 to 2 points by PCGS standards.
I would leave them as they are. I have had some poor results from sending in my personal ASE's. If you like how they look, keep them in the album and enjoy them. I recently sent in about 18 of my ASE's from 1989 to 2007 for grading. I bought all of them directly from the US Mint and they were fine up until grading. Now, 5 of them have developed milk spots.
Here is a link to another disaster I have had with milk spots on ASE's
Link to my post
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FYI..Post 2000 ASE's....in the MS category...only the 2006-w & possible 2007-w, demand a premium. PCGS did not give out an MS70 for ASE's until 2007 & will not consider any ASE regrades (MS70) for years prior to 2006. ICG graded modern coins, are usually overgraded by 1 to 2 points by PCGS standards. >>
1996 is a good year also
Go slowly. Have fun.
"Inspiration exists, but it has to find you working" Pablo Picasso
70s have to be made perfectly as well as perfectly preserved. It is expensive to certify coins. You would have to get lucky and receive some 70s to make it worth certifying. So in my opinion I would just keep the ASEs as they are.
Thanks all who replied; I think you are right and I will just hold onto these for now while I keep learning.
I do have the Redbook, have bought some coin magazines and have bookmarked a number of sites, including this one. I'll probably buy a book specifically on grading and try to get to a coin show open to nondealers like me the next time one's in the area. My father had a LOT of coins in all stages of preservation, so I may come back here from time to time.
The name is LEE!
Welcome!
The name is LEE!