Is this eagle worthy of MS-69 designation?

[JIM F.]

Here is the link to the NGC provided photos.

 

http://www.ngccoin.com/certlookup/CertResults.aspx?CertNumber=1213688-108

 

If you blow up the pic of the obverse you will see 2 obvious hits on the ray. I have the coin in hand, and really question the MS-69 grade on this one. Its not a big deal since this is a bullion coin anyway, plus I rec'd it by redeeming Teletrade points.

[cpm9ball]

Neither of them are in a prime focal area, so I think it would be reasonable.

 

Chris

[bsshog40]

So I would like a clarification if I can. What would be considered the Prime Focal Area? I think this nic in the ray is very distracting for an MS69. The marks should be very miniscule for 69 but this is distracting to me.

[physics-fan3.14]

Those seem like pretty serious hits for a 69. Of course, its still just an ounce of silver. I wouldn't pay more than a couple of dollars premium for it no matter the grade.

[Coinsman63]

Here is the link to the NGC provided photos.

 

http://www.ngccoin.com/certlookup/CertResults.aspx?CertNumber=1213688-108

 

If you blow up the pic of the obverse you will see 2 obvious hits on the ray. I have the coin in hand, and really question the MS-69 grade on this one. Its not a big deal since this is a bullion coin anyway, plus I rec'd it by redeeming Teletrade points.

 

With that hit on the obverse, I'd say thats a fair grade. If it were MS70, I'd say absolutely not.

[coinman_23885]

Here is the link to the NGC provided photos.

 

http://www.ngccoin.com/certlookup/CertResults.aspx?CertNumber=1213688-108

 

If you blow up the pic of the obverse you will see 2 obvious hits on the ray. I have the coin in hand, and really question the MS-69 grade on this one. Its not a big deal since this is a bullion coin anyway, plus I rec'd it by redeeming Teletrade points.

 

It's definitely over graded. I wouldn't like it at MS68 either! As you said though, it's just a bullion coin, so it's not really a big deal. I'd shove it on eBay. Somebody will buy it during the Christmas rush, probably bidding close to the MS69 price anyway.

 

 

[James_OldeTowne]

For MY grading standards, no way no how. BUT I can easily see this as MS-69 by certification standards. MS-69 to them means "perfect but for a tiny blemish or two", interpreting loosely.

[FishyOne]

69 on bullion coins means "melt" money. I'm fine with it but 68 would be more appropriate.

[Oldtrader3]

That's it, last week I sold a pile of these MS69 NGC Early Release (common date) SAE's and you know what? I got less apiece for graded NGC, MS69, SAE's than my wife got for some raw bullion grade Morgan dollars which are only 90% silver. That is correct. I got $21. apiece and she got $22 apiece.

 

This incident convinced me that I really do not care about these and am glad to be rid of them. I took the money and bought a raw AU, half eagle which may be worth more than I paid for it some day! In fact, it already is! The SAE probably won't and already isn't!

[Coinsman63]

That's it, last week I sold a pile of these MS69 NGC Early Release (common date) SAE's and you know what? I got less apiece for graded NGC, MS69, SAE's than my wife got for some raw bullion grade Morgan dollars which are only 90% silver. That is correct. I got $21. apiece and she got $22 apiece.

 

This incident convinced me that I really do not care about these and am glad to be rid of them. I took the money and bought a raw AU, half eagle which may be worth more than I paid for it some day! In fact, it already is! The SAE probably won't and already isn't!

 

You can find them for $2.50 - $3 over spot.

[Oldtrader3]

I know, I bought these at about $8-$10 over spot as NGC graded MS69 when silver was $12/ounce. Now you can not even get melt for selling them! I actually lost money with a plus $16/ounce silver gain over the purchase price. Oh well, live and learn!