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!
[wprebay kw="2004+gold+eagle" num="0" ebcat="11116"]
[wprebay kw="2004+gold+eagle" num="1" ebcat="11116"]
[wprebay kw="2004+gold+eagle" num="2" ebcat="11116"]

Originally posted 2010-07-28 12:01:39. Republished by Blog Post Promoter

Question by crzyjlt: 2004 ICG MS 70 SILVER EAGLE?
I bought a 2004 ICG MS 70 SILVER EAGLE, off of ebay for .00. Did i get a good deal or is that what they are going for. Me and my son are thinking about starting to collecting the silver eagles and the silver state coins(but only the ones w/ a grade of 70) I told him that we wouldnt lose money by collecting graded 70 coins that were all silver or gold. Was i correct in saying that, I dont wanna lead my son in the wrong direction, because he will be using some of his own money.. Thanks

Best answer:

Answer by Taiping
These days the mints of the world have things down to a pat science. True there are errors from time to time but in special collector coins it is very rare to find an error. That being the case most coins that are proofs or special collector mint state coins are either MS-70 or PF-70 anyway. Grade is only one factor, the other is mintage or in the case of older coins how many survived. As an example my 1916-D dime in the low grade of just good will advance in value every year, your coin may or may not depending on how many are made and just how many are slabbed. The mintage for the 2004 Silver eagle which is a bullion coin and not made to circulate had a mintage of 8,891.025 a good majority are MS-69 or 70. Over a period of time few of these will get lost or even get any wear unless mishandled. My dimes had a mintage of 264,000 and a lot have wear and some have been lost. I am a rare over the new any day person. Silver is down but even with the economy rare coins are doing real well. Hope this helps.

What do you think? Answer below!
[wprebay kw="2004+gold+eagle" num="9" ebcat="11116"]
[wprebay kw="2004+gold+eagle" num="10" ebcat="11116"]
[wprebay kw="2004+gold+eagle" num="11" ebcat="11116"]

Originally posted 2010-08-11 00:08:17. Republished by Blog Post Promoter