Golden Eagle Flyin'

Question by Cakewalk: Should I have my gold eagle coins from 2004 and 2006 professionally graded?
I have 4 gold eagles (2004, 2006) straight from the US Mint. First of all, I am wondering whether I should grade it now or not. Secondly, I would really appreciate if someone can describe the process (concerning safety, or coin submission). Last but not least, I would like an expert opinion on picking a grading company (PCGS or NGC).

BQ: How much does PCGS or NGC charge for grading a coin?
Sorry My bad. It's a gold coin. 1 troy ounce gold.
It's non proof, so I guess business strike?

Best answer:

Answer by curtisports2
Before we can go any further here, no gold eagles were made. They're , , and . Also, are they proofs or business strikes?

Edit: OK. If it was me, I wouldn't spend the money. Business strikes are pure bullion plays, unlike the proofs made for collectors. Collectors do go after the business strike bullion coins, but they want the higher grades, MS69 and MS70 (which are not that hard to find for the last few years of release).

PCGS charges per coin for these, and you have to be a paid member. The best deal is a one-year membership for 9, which includes 4 'free' submissions. You have to pay the postage both ways. Not too bad, if you're going to use those 4, plus use their online tools like the population report and price guide.

But, that's only if the is well spent. In my opinion, it's not. According to their guide, for both 2004 and 2006, starting at MS63, there is only a increase per step up in grade, up to MS68. They start at 80 and go to 30. It jumps to 60 at MS69 and 00 at perfect MS70.

That's guide. At eBay, raw 2004 are going from 20 - 90, with the lowest coming a week ago and the highest in the last day or so. That's reflective of what gold did this week. An NGC MS70 sold for 14 two days ago. A PCGS MS69 sold for 03 a week ago. Yesterday it probably would've gone for 20. That would just about cover the fee, over a raw coin for 90. But there's no guarantee of getting a 69. A 68 or less is basically just a bullion coin.

For 2006, values are similar. I don't see grading paying off.

Know better? Leave your own answer in the comments!
1/10 Oz. Gold Eagles Coin Hldr (2004-2021) MA437A -w z

US $9.99 End Date: Sunday Sep-05-2010 10:20:59 PDT Buy It Now for only: US $9.99 Buy it now | Add to watch list

Gold Coin American Eagle 1/2oz 2004 PCGS MS69 $25 Nice!

US $765.00 End Date: Sunday Sep-05-2010 12:57:34 PDT Buy It Now for only: US $765.00 Buy it now | Add to watch list

2004 Proof Gold American Eagle 4 Coin Set NO COINS NR

US $47.02 (4 Bids) End Date: Sunday Sep-05-2010 15:41:50 PDT Bid now | Add to watch list

Other American Eagle Gold Bullion Proof Coins of Interest:

1. Would coins be a good investment?
2. Got some coins, what’s total value?
3. i need to know the initial offer prices of 2006w american eagle proof gold coins. 1 oz, 1/2 oz, 1/4 oz, 1/10,?
4. What is the difference between gold proof vs. gold uncirculated coins?
5. If an Gold American Eagle $5 Coin does not have a W for a mint mark, where was it minted?

Related posts brought to you by Yet Another Related Posts Plugin.

This entry was posted on Wednesday, July 28th, 2010 at and is filed under American Eagle Gold Proof FAQ. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.