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I recently took 24 slabbed NGCS MS70 1986-2010 coins with me to the Jacksonville Greater Coin Show. I was planning on selling them or trading them for some nice Morgan CC coins. Anyway, what I found out was rather disconcerting. Not one of the dealers I talked to was willing to pay anymore than than silver value for the coins. Even tho slabbed and graded MS70. Needless to say, I still have the coins. Yet THEY are selling them anywhere from 2-4x silver value. So beware when you are buying/selling silver eagles.
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In article ,
capri wrote: I recently took 24 slabbed NGCS MS70 1986-2010 coins with me to the Jacksonville Greater Coin Show. I was planning on selling them or trading them for some nice Morgan CC coins. Anyway, what I found out was rather disconcerting. Not one of the dealers I talked to was willing to pay anymore than than silver value for the coins. Even tho slabbed and graded MS70. Needless to say, I still have the coins. Yet THEY are selling them anywhere from 2-4x silver value. So beware when you are buying/selling silver eagles. What exactly is "NGCS? If it's some sort of "third world" grading service trying to capitalize on the similarity of its name to NGC and PCGS, I'm not surprized that you got offered melt for them. FWIW, I usually buy "off brand" slabbed silver iggles at a discount to what I pay for raw examples, as it takes me time and effort to crack them out, throw away the plastic and reholder them. -- Ken Barr Numismatics * * * *email: P. O. Box 32541 * * * * * * website: *http://www.kenbarr.com San Jose, CA *95152 * * Coins, currency, exonumia, souvenir cards, etc. 408-272-3247 * ** NEXT SHOW: Santa Clara 04/19-21 table 738 w/ Mac's Coins |
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On Sunday, June 2, 2013 11:57:06 PM UTC-4, Ken Barr wrote:
In article , capri wrote: I recently took 24 slabbed NGCS MS70 1986-2010 coins with me to the Jacksonville Greater Coin Show. I was planning on selling them or trading them for some nice Morgan CC coins. Anyway, what I found out was rather disconcerting. Not one of the dealers I talked to was willing to pay anymore than than silver value for the coins. Even tho slabbed and graded MS70. Needless to say, I still have the coins. Yet THEY are selling them anywhere from 2-4x silver value. So beware when you are buying/selling silver eagles. What exactly is "NGCS? If it's some sort of "third world" grading service trying to capitalize on the similarity of its name to NGC and PCGS, I'm not surprized that you got offered melt for them. FWIW, I usually buy "off brand" slabbed silver iggles at a discount to what I pay for raw examples, as it takes me time and effort to crack them out, throw away the plastic and reholder them. Sorry MY error, not thinking very Clearly. They Are all NGC not NGCS -- |
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