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Old 10-18-2013, 01:42 PM   #1 (permalink)
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Default Anyone know why the 1999 Silver Eagle is so hard to get an MS 70?

Does anyone know why the 1999 Silver Eagle is so hard to get an MS 70?

I saw one sell in the mid $20Ks a few weeks ago and apparently its super hard to get. I'm thinking of buying a few tubes of the 99s and taking a shot at a 70 knowing that a 69 will break even on grading costs.
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Old 10-18-2013, 01:50 PM   #2 (permalink)
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There were only 78 graded at that level.. as compared to over 70,000 at 69.

The 1999 Silver Eagle is a condition rarity in MS70. Someone who has better access to NGC's population report than I do should be able to give you complete details. In contrast, they're common in all grades from MS69 down.
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Old 10-26-2013, 06:08 AM   #3 (permalink)
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The 1999 Silver Eagles, if I am correct, were produced in standard coining. Most were not PROOF. To get a grade of MS-70, over a Proof 70 is incredibly difficult. With only around 10% of the production grading that high, which would make the 78 that were graded and slabbed at MS-70 more valuable.


I do not think that the grade on a silver bullion should ever carry that amount of a premium. To jack a price on a coin minted for investment ONLY, seems arbitrary.
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Old 11-04-2013, 01:24 AM   #4 (permalink)
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Quote:
Originally Posted by AndyE89 View Post

I do not think that the grade on a silver bullion should ever carry that amount of a premium. To jack a price on a coin minted for investment ONLY, seems arbitrary.
Most pricing for bullion is arbitrary. The prices people pay for bars makes me laugh out loud. I can at least see the numismatic aspect of a high grade of a difficult proof being hard to find, but for $20K? Are they smoking asbestos?
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