Coin and Paper Money Collecting/Silver eagles

Advertisement


Question
QUESTION: I recently bought a 2008 reverse 2007 NGC MS70 silver eagle for $430. Why do both NGC and PCGS list them for almost twice this amount? I'm a novice collector and am curious. Thanks.

ANSWER: Both services list RETAIL prices.  You can usually buy them much cheape

Regards
Joe

---------- FOLLOW-UP ----------

QUESTION: Is there an average over what they list for? What would be a fair price, 10, 20, percent etc. ? Thanks

Answer
Hi tom,
aactually, there really isn't.  It depends upon the market at that particular time.

Usually, all coins listed on PCGS or NGC can be had for about 30-40% below that level.  However, rarer coins ($1500-5000) will change hands at the PCGS/NGC levels or above if low populations coins.

Regards
Joe Hylas
Omega Precious Metals

Coin and Paper Money Collecting

All Answers


Answers by Expert:


Ask Experts

Volunteer


Joe Hylas

Expertise

Numismatic professional with over 30 years experience can answer your questions about US coins, their values, how best to sell them and where to buy them. Interested in starting a collection? Find out which areas are undervalued and how to acquire those coins at the best price.

Experience

Ex-Head Precious Metals trader for Deak-Perera International with 42 offices worldwide. Industry experience since 1978. Has worked co-operatively with US Mint, Royal Canadian Mint, Austrian Mint, Chamber of Mines of South Africa, World Gold Council and Platinum Guild International. Professioanl numismatist specializing in US Coins. Always buying collections, will travel if size of collection warrants. Website: www.AllCoins.US

Organizations
PCGS, NGC, Rotary

Publications
Physician's Money Digest

Education/Credentials
Bachelor's Degree in Business Administration

Awards and Honors
Paul Harris Fellow

©2016 About.com. All rights reserved.