NGC selling the coin or the grade?

I have not been on eBay for awhile. Ever since someone hacked into
my id and was selling things with using my id. However, that is a
different story and has all been straightened out. For a few years I
collected graded American American Silver Eagles on eBay, quickly
leaning about the scams that some of the grading companies were
pulling. I was glad to see most of them get the boot. NGC and PCGS
seemed pretty honest about their grading with PCGS being the better of
the two. But now, Looking at eBay for 2008 Silver Eagles, NGC has
loaded it up with a multitude of MS70 offerings. Now, we all know
that the MS70 coin really does not exist....It would have to be
completely, utterly and immpecably perfect. I have a couple of them
graded MS70 and with one exception the difference between the 69 and
70 is impossible to differentiate and in that case the 69 should
probably be graded at 68 .

However they PRICES between the two are utterly ridiculous. withe the
MS70 coin selling for as much as 3 times the amount of the MS69 coin.
Is that what coin collecting is coming to, not the enjoyment and the
value of the coin itself but the grader and the grade of the coin
determining the value?

The complete set of American Eagles that I have are the only graded
coins that I have and it is highly unlikely that any of the other
coins I collect in the future will be graded....by someone else.
While its is nice to have these beautiful coins proected by slabbing,
there is something to be said for feeling the coin, the weight of an
oz of almost pure silver in your hand, wondering who else might have
been holding on to the same coin, where it has been?

Just my two cent rant.

Phil

"capri" wrote in message
...
I have not been on eBay for awhile. Ever since someone hacked into
my id and was selling things with using my id. However, that is a
different story and has all been straightened out. For a few years I
collected graded American American Silver Eagles on eBay, quickly
leaning about the scams that some of the grading companies were
pulling. I was glad to see most of them get the boot. NGC and PCGS
seemed pretty honest about their grading with PCGS being the better of
the two. But now, Looking at eBay for 2008 Silver Eagles, NGC has
loaded it up with a multitude of MS70 offerings. Now, we all know
that the MS70 coin really does not exist....It would have to be
completely, utterly and immpecably perfect. I have a couple of them
graded MS70 and with one exception the difference between the 69 and
70 is impossible to differentiate and in that case the 69 should
probably be graded at 68 .

However they PRICES between the two are utterly ridiculous. withe the
MS70 coin selling for as much as 3 times the amount of the MS69 coin.
Is that what coin collecting is coming to, not the enjoyment and the
value of the coin itself but the grader and the grade of the coin
determining the value?

As long as one limits himself to modern issues, yes, that's what what it is
coming to. Get into early copper, capped bust silver, and other "classic"
series, and you find less of that. However, it has always been true that
grade determines value, and that gradeflation is nothing new. Besides,
enjoyment is what YOU make it, not what someone else makes it.

James

I play in a pool league and you must mark the pocket that you are going
to shoot the 8 ball into, I use a commen date Morgan Dollar for just
that reason, I like the feel of the coin. Of course, I would not do it
with a rare coin!
Bruce

capri wrote:
I have not been on eBay for awhile. Ever since someone hacked into
my id and was selling things with using my id. However, that is a
different story and has all been straightened out. For a few years I
collected graded American American Silver Eagles on eBay, quickly
leaning about the scams that some of the grading companies were
pulling. I was glad to see most of them get the boot. NGC and PCGS
seemed pretty honest about their grading with PCGS being the better of
the two. But now, Looking at eBay for 2008 Silver Eagles, NGC has
loaded it up with a multitude of MS70 offerings. Now, we all know
that the MS70 coin really does not exist....It would have to be
completely, utterly and immpecably perfect. I have a couple of them
graded MS70 and with one exception the difference between the 69 and
70 is impossible to differentiate and in that case the 69 should
probably be graded at 68 .

However they PRICES between the two are utterly ridiculous. withe the
MS70 coin selling for as much as 3 times the amount of the MS69 coin.
Is that what coin collecting is coming to, not the enjoyment and the
value of the coin itself but the grader and the grade of the coin
determining the value?

The complete set of American Eagles that I have are the only graded
coins that I have and it is highly unlikely that any of the other
coins I collect in the future will be graded....by someone else.
While its is nice to have these beautiful coins proected by slabbing,
there is something to be said for feeling the coin, the weight of an
oz of almost pure silver in your hand, wondering who else might have
been holding on to the same coin, where it has been?

Just my two cent rant.

Phil

"Bruce Farley" wrote in message
...
I play in a pool league and you must mark the pocket that you are going to
shoot the 8 ball into, I use a commen date Morgan Dollar for just that
reason, I like the feel of the coin. Of course, I would not do it
with a rare coin!

I like to dip my peanut butter sandwiches in chili.

On Jun 2, 2:13*am, "Frank Sickles" wrote:
"Bruce Farley" wrote in message

... I play in a pool league and you must mark the pocket that you are going to

shoot the 8 ball into, I use a commen date Morgan Dollar for just that
reason, I like the feel of the coin. Of course, I would not do it

with a rare coin!

I like to dip my peanut butter sandwiches in chili.

Confessing feels good doesn't it?

"capri" wrote:

However they PRICES between the two are utterly ridiculous. withe the
MS70 coin selling for as much as 3 times the amount of the MS69 coin.
Is that what coin collecting is coming to, not the enjoyment and the
value of the coin itself but the grader and the grade of the coin
determining the value?

The value of the coin, as always, is determined by supply and
demand. That said, you may wish to do a little research on
"registry sets" to see how the grading companies have "created"
extra demand for MS70 and PR70 graded modern NCLT.

--
Michael Benveniste -- (Clarification required)
Legalize Updoc.

"Michael Benveniste" wrote in message
...
"capri" wrote:

However they PRICES between the two are utterly ridiculous. withe the
MS70 coin selling for as much as 3 times the amount of the MS69 coin.
Is that what coin collecting is coming to, not the enjoyment and the
value of the coin itself but the grader and the grade of the coin
determining the value?

The value of the coin, as always, is determined by supply and
demand. That said, you may wish to do a little research on
"registry sets" to see how the grading companies have "created"
extra demand for MS70 and PR70 graded modern NCLT.

Did they "create" demand, or did they "perceive" demand and, seeing an
opportunity to make a quick buck, become enablers?

James

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:

Did they "create" demand, or did they "perceive" demand and, seeing an
opportunity to make a quick buck, become enablers?

I'll answer "yes" to that one. They both saw the opportunity,
created the necessary infrastructure, and successfully marketed
the concept.

In marketing, the terms "creating demand" and "becoming an
enabler" are, at least to my mind, functionally identical.

--
Michael Benveniste -- (Clarification required)
Legalize Updoc.

capri wrote:
SNIP Now, we all know
that the MS70 coin really does not exist....It would have to be
completely, utterly and immpecably perfect. SNIP

http://www.pcgs.com/grades.chtml

MS/PR-70 As struck, with full strike

Look up stuff before you make fantastic reinterpretations of what
something *must* mean.

capri wrote:



"we all know
that the MS70 coin really does not exist....It would have to be
completely, utterly and immpecably perfect. "

No, we don't. MS70 does not mean perfect.

Look it up.

JAM