Expert: Joe Hylas - 2/1/2008

Question
I recently purchased an MS-65 George Washington dollar.  It was graded and slabbed by ICG.  It has the original, or lack there of mint mark on the side of the coin.  Hence the godless dollar.  My question then is, do you think the value of these coins will go up?  I have gotten numerous people telling me that there are too many of them to have them appreciate.  But I am hopeful.  Any suggestions would be greatly appreciated.  Also, would having this coin graded by a different company make the value go up?  Thanks.

Answer
Hi adiran,
I always advise collectors to stick with coins certified by PCGS, NGC or ANACS.  They are the 3 most recognized services.  I believe that they will appreciate in the future.  If I could buy them in the $35-50 range, I would stock up.  I acquired a few hundred when they first appeared for $35 per coin, uncertified.  PCGS and NGC Certified coins should be available for $75-100 each.  Pricing is based upon what the market will bear and it seems that this is the current level.
Regards
Joe Hylas