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Coin and Paper Money Collecting/MS 70 Plat [P$100 value
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Question
I have the opp'y to buy 3 coins. $1,800 each, they are.
[2] 2007 EAGLE P$100 EARLY RELEASES MS 70's (Platinum Eagles) 1 oz. each and [1] 2006 EAGLE FIRST STRIKES MS 70 both NGC, and ser #'s 1532072-035 for the 1str strike, and for the early releases 1557855-024 & -025
Just looking to see if my pricing is correct. seems top dollar, but I am a beginning collector and have no clue except what the seller tells me.
Thank you in advance
Capt. Brian
Brian,
You would definitely be paying top dollar for them -- with platinum in the $1100 or so range.
While they are graded MS-70, an NGC MS-70 is easier to get than a PCGS MS-70, and so does not command as great of a premium.
MS-70 grades are definitely speculators' grades -- MS-69 grades are only trading in the $1200 range.
If platinum were stable, I'd say your downside would only be a couple hundred dollars per coin. If platinum goes up, your upside could be alot.
Recent Heritage Auction Prices Realized indicate prices in that range (when you include their buyer's premiums) :
http://coins.ha.com/common/view_item.php?SaleNo=69031&LotIdNo=16005&txtSearch=&h...
$1800 does not seem unreasonable, but you should try to get another $100 knocked off each coin if you buy them all.
Good Luck!
Dan
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| Rating(1-10) | Knowledgeability = 10 | Clarity of Response = 10 | Politeness = 10 |
| Comment | Thanks, a great relief, I was concerned I was stepping up too high but if I paid near retail on my first venture, I guess that was not too bad, he wanted $500 more per coin, and I beat on him til he gave up at 6 ounces of gold at the then current price which was about 930 give or take, so I am happy, thanks again Capt Brian | ||
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Answers by Expert:
Dan Moore
Expertise
My strong familiarity with all U.S. Mint coins, extensive reference library, and close relationships with many other dealers allows me to identify just about any coin made in the USA. I receive regular updates to all the current price guides -- both wholesale & retail -- to provide accurate values. So, with a good description or pictures, I should be able to identify and value any U.S. coin you have.
Experience
I've been a coin dealer since the 1980's and a coin collector since the 1960's. I specialize in U.S. Silver Coins and have an active online website -- The Working Man's Rare Coins -- http://www.workingmancoins.com -- offering information and inventory in U.S. coins.
Organizations I belong to :
American Numismatic Association Member #187770
Michigan State Numismatic Society Member #8255
Florida United Numismatics Member #19710
Monroe Coin Club Treasurer
Lincoln Coin Club Board Member
WINS Member #14
CoinMasters Member #1814
Frequently Asked Questions :
I have created a Frequently Asked Questions page on my website, where you may be able to get an immediate answer to your question. You can find the page here :
http://www.workingmancoins.com/FAQ/index.htm
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