Christina Goldman

NGC MS69 Silver Eagle - Is The MS-69 Grade Really Worth The Price?



Posted: Friday, March 04, 2011

by Christina Goldman

Firstintroduced in 1986, the beautiful American Silver Eagle coin might be simply the most popular silver bullion coin in existence. The MS69 silver eagle is considered the highest grades available. But is it worth the cost? Let us find out...

To start with, let us define what the MS-69 grade is. MS69 stands for "Mint State Brilliant Uncirculated." It is one of the grades employed by two of the most favored independent, 3rd party grading services - the NGC, which stands for Numismatic Guaranty Corporation and PCGS, which stands for Professional Coin Grading Service. If you're truly serious about investing in a silver eagle with a high grade, it is crucial that you stick with these professional grading services!

A coin graded by these types of services can obtain a score ranging from 1 all the way up to 70. MS70 is the total highest grade that a coin can receive. A coin that's graded MS-70 is absolutely perfect. There are a few grading services that won't allocate a MS70 grade as they declare that a total perfect coin can't exist.

The "MS" part of the grade stands for "Mint State." A Mint State coin could receive a grade which range from MS60 all the way up to MS70.
A coin is graded depending on a number of different factors. These aspects include scratches, polishing, nicks, rims, and also other imperfections.

A coin that's as close to perfection as it can be, the MS-65 Silver Eagle will be encapsulated in a slab that has been sonically sealed when you buy it. It is encapsulated in an effort to certify and safeguard its high grade and the MS-69 grade is only certain if the silver eagle is kept inside the slab. A label is going to be positioned on the coin to show the grade, grading service and the type of coin for instance it could be PCGS MS-69. The mint mark and serial number may also be incorporated.

The silver eagle is quite a well known coin but all the same acquiring one that is of the highest grade is very rare. This is all due to the process of minting. Just the basic act of holding the coin can lead to minor scratches which may compromise the coin's likelihood of getting a MS-69 grade.

Having received some background on the MS-69 American Silver Eagle the big question is, should you pay the extra money for it?

That all is determined by your reason for investing in the coin in the first place. If you're buying silver eagles simply for the bullion, I believe you would be better served getting plain vanilla eagles in uncirculated condition.

If you do plan to purchase grade MS-69 silver eagles or higher, you must understand that the demand for the coin could eventually determine the price. In other words, the scarcity of the date has alot to do with it's ultimate worth. Just remember that high grade + limited supply = $$$.

Listed below are key dates which are in demand.

1. 1996
2. 2006-W
3. 2006-w 20th Anniversary Edition
4. 2008-W Reverse of 2007 $1 Eagle
5. 2008-W Reverse of 2007 First Strike

To find great deals on the NGC MS69 Silver Eagle along with a huge selection of other silver eagle coins, just go to: ==> http://BullionBargains.us
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Top-level comments on this article: (1 total)
» left by D-MAN from Delaware 288 days 3 hours ago.
when getting a 2011-W silver eagle that are capsulized and placed in a box from the mint,what would be the grade of the coin? Would it be a ms69 or 70? Maybe because it's from the mint, that it would be a cameo, deep cameo or, proof 69 or 70? Your thoughts on this is appreciated. Thanks.
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