Who Buys The Mass Produced PF70 !! Suckers Do !!

in steemsilvergold •  7 years ago 

Why Buy the Mass Produced PF70's fro9m American Eagle's, Canadian Maple Leafs, Chins Panda's you are wasting your money, well most of you are.

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It's cool to buy them, sometimes. My local coin shop, sold me a NGC Graded Silver Maple, for $20. He probably bought it for spot.

  ·  7 years ago (edited)

It's about the coin inside the case. Local coin shop pays for the coin, not the grading, slab. It cost like, $30 to have one coin graded. Higher for a more valuable, numismatic coin. And shipping/handling, to and from, even more.

THAT'S RIGHT!!!
When Silver hit $50/ozT in 1980, NUMISMATIC COINS were being melted down in mass, because the numi values was less than SPOT. Food for thought!

Good ole rant.

I got my first graded coin the other day an MS69 ASE, not bad but definitely not good enough for you! 😂 Sov.

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I don't have any PF70's yet, but definitely would only get a low mintage one. Never saw the appeal in graded ASE's and the like.

They are only bullion coins. The fact that they are slabbed should not give them numismatic value. SOV.

A classic example of mints overdoing to milk maximum profits from collectors especially on those who doesn't know what they are doing.

Sov.

Upvoted and resteemed, Sov.

Hopefully at the end of this contest I'll be getting my first pf70 fingers and toes are crossed, BOLLOX there too bust typing to cross! Sov.

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