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Old 08-03-2014, 09:11 PM   #1 (permalink)
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Default 1 oz gold American eagle grading/buying question....

Hi guys,

If your buying a one once gold American eagle coin, or really any coin, what's the difference between buying a "brilliant uncirculated" 2014 and a graded MS -70 or MS - 69 PCGS of the same? On apmex the graded is 20 or 30 dollars more but what are you getting for that, is it worth the premium? One easier to sell in the future? One appreciates more than the other?

I'm just looking to buy gold or silver and interested in the liquidity. Any good reading sights?

Thanks again.
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Old 08-03-2014, 09:20 PM   #2 (permalink)
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You will get a large premium for MS-70 graded coins but I dont know alot but there are guys on here that can help. It's easier to sell coins raw because you will have a larger buying audience as with any collectible that's not graded.

There are some good articles on Kitco.com and Coinflation.com breaks down the current metal values of coins. Have you tried the book stores I want to say there is a book wriiten just about American Eagle coins.
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Old 08-03-2014, 10:17 PM   #3 (permalink)
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BU is a MS 65 minimum I think. 70 would be almost perfect(toning/milkspots/bag marks do not affect grading but are cosmetically ugly). And grading will authenticate the coin as real if you don't know how to check for real 99.99% gold
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Old 08-03-2014, 11:40 PM   #4 (permalink)
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in my opinion ,if you just want gold then there is no need to buy graded bullion. almost all the eagles minted would grade ms-68 or higher so there is very little rarity in those grades compared to old coins. it doesn't hurt to buy them slabbed for peace of mind but you could use that extra money to buy an ounce of silver along with your gold.
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Old 08-04-2014, 10:05 AM   #5 (permalink)
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Paying anything extra for graded bullion is foolish.

Bullion almost never have numismatic value.
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Old 08-06-2014, 07:46 PM   #6 (permalink)
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Do not buy any graded modern bullion unless it is a special collectible like the UHR.

Today's minting process pretty much makes all modern coins a 69. There is no reason to pay the premium for graded versions. When you go to sell these (not ebay) at your local coin store they will only give you the premium of it being Eagles. They will give you a tad more for proof but you still won't come out ahead.

Most people buy modern bullion to hedge against inflation/investment. It's made to buy in bulk and sell in bulk. Granted there is the collective nature to these but I wouldn't pay the premium for it.

Just my 2 cents...
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Old 08-22-2014, 11:07 PM   #7 (permalink)
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Quote:
Originally Posted by John91C View Post
Do not buy any graded modern bullion unless it is a special collectible like the UHR.

Today's minting process pretty much makes all modern coins a 69. There is no reason to pay the premium for graded versions. When you go to sell these (not ebay) at your local coin store they will only give you the premium of it being Eagles. They will give you a tad more for proof but you still won't come out ahead.

Most people buy modern bullion to hedge against inflation/investment. It's made to buy in bulk and sell in bulk. Granted there is the collective nature to these but I wouldn't pay the premium for it.

Just my 2 cents...
This man speaks raw truth, the UHR is an exception, as would be the $50 Buffalo.
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Old 08-23-2014, 12:00 AM   #8 (permalink)
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Quote:
Originally Posted by John91C View Post
Do not buy any graded modern bullion unless it is a special collectible like the UHR.

.
Curious what would UHR be? Sorry if stupid question, but I don't know.
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Old 08-23-2014, 12:47 AM   #9 (permalink)
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uncirculated high relief would be my guess
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Old 08-23-2014, 01:27 AM   #10 (permalink)
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Curious what would UHR be? Sorry if stupid question, but I don't know.
It was a commemorative 1 ounce gold coin that came out in 2009. UHR= Ultra High Relief Double Eagle.

Here's some info about it: The United States Mint About The Mint

It's my avatar photo. I bought it from the US MINT when it first came out...sent it into PCGS (sealed box) so I had no idea what grade it would turn out. To get First Strike Designation you had to send it in by a certain cut off date unopened (from the mint).

Mine graded PCGS MS70. It's a beautiful "collectible" that brings a higher value since it's considered a collectible.
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Old 08-23-2014, 02:02 AM   #11 (permalink)
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Quote:
Originally Posted by John91C View Post
It was a commemorative 1 ounce gold coin that came out in 2009. UHR= Ultra High Relief Double Eagle.

Here's some info about it: The United States Mint About The Mint

It's my avatar photo. I bought it from the US MINT when it first came out...sent it into PCGS (sealed box) so I had no idea what grade it would turn out. To get First Strike Designation you had to send it in by a certain cut off date unopened (from the mint).

Mine graded PCGS MS70. It's a beautiful "collectible" that brings a higher value since it's considered a collectible.
It's also extremely limited production, glad I have mine!
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Old 08-24-2014, 06:10 AM   #12 (permalink)
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Thanks guys learn something new today, thanks again.
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