I am looking for advice when purchasing a Platinum American Eagle coin…?

February 21, 2012 by admin
Filed under: Collecting Silver Eagles

Question by cl3071700: I am looking for advice when purchasing a Platinum American Eagle coin...?
First off i started collecting 6 months ago and have acquired coins from a Morgan to Seated liberty half to silver eagle, presidential dollar, commemoratives, etc. I purchased my first gold coin a 2008 $ 5 buffalo graded by ANACS in SP 70(satin) Now i am looking to purchase a $ 10 platinum eagle and have narrowed it down to a 2008 NGC coin. I am aware that these coins come in MS 69/ MS 70 with a regular label or the E.R. I like the idea of early release but would like to have a MS 70 grade. Looking at PCGS price grade a 1997 $ 10 in MS 70 is listed at $ 7,000. The value of a 1997 $ 10 in MS 69 is $ 145 so this brings me to believe that i am much better off purchasing a 70 grade. (tho they did not offer E.R. in 1997) I am looking at this from a collectors viewpoint and would like to say that i own a $ 7,000 coin (i am aware this may not appreciate in all cases) would paying $ 300 dollars for a regular 2008 MS 70 be overpaying by too much, this seems to suit my price range as i know platinum is around a G/ounce. i am trying to decide between the regular label MS 70 or an E.R. 69 please share anything advice/comment you may have. 21/male. thank you

Best answer:

Answer by FRED M
MS 70 is the highest grade possible it is the closest to being perfect as your going to get, it is also the most expensive if a MS-69 cost $ 100 then an MS-70 will at minimum be double the price. There is also the grade of Deep Cameo MS-70 this coin will let you see yourself as if looking in a mirror this is the most Expensive grade I know of. Good luck

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2011 American Silver Eagle Sealed In Airtite Case .999 Fine Silver