Author Topic: G1/2 MS70 pops  (Read 703 times)

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Offline Birdman

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G1/2 MS70 pops
« on: October 10, 2016, 09:10:27 AM »
I notice today that there are now seven 2003 G1/2 NGC MS70 (disclosure, I have one that I sent in for grading myself in 2011).  Wow.  It seems like the number of 70s for that coin have doubled in a relatively short amount of time.  Yet, as of today there are still zero MS70 for the 2004 G1/2.  I'm reminded how tricky the 70s can be.   It can be a gamble to pay big money for certain low pops, but there is no guarantee at all that there will be more MS70s for a given date and denomination, so if you really want one for your collection you need to pounce if you see one available.  If ms70s is your focus, perhaps it is best to have a higher risk tolerance and spread your risk among buying multiple 70s if you aren't getting them graded yourself.

Offline Wafdawg

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Re: G1/2 MS70 pops
« Reply #1 on: October 10, 2016, 09:54:13 AM »
My main focus on the post 2000 gold pandas are entirely on MS70s. I'd say from 2003 - 2010 is my sweet spot. I'm trying to build MS70 sets for every year. On the 1/2s - i have 2005-2010 MS70. In fact I think I own only 1 non-MS70 coin post 2000 and that is a 2003 1/4 mirrored panda. 

I haven't collected as far back as many members here have; I'd say i started in 2013 and back then I was buying current year MS70s and started to go back.  I noticed right away that the populations on many MS70s in the post 2000 pandas are minuscule. Even something like a 2007 1/4 oz MS70 is hard to find and not considered rare by any standards as far as the coin is concerned. I snatched up several at coin shows and from members here on the forum as well as eBay and those were hands down my best investments. 

Fast forward to today and the price I paid for those MS70s are what MS69s go for now.  So you will always pay over the "book value" of a MS70 when you first acquire it but time will make your investment pay off I believe more handsomely than the equivalent MS69.  That is from a collector's standpoint.  You can always buy lower grade coins and churn them and make money but I don't really sell my gold pandas.  And of course there are certain coins whose rarity comes to light and having it in MS69 is already a huge deal.

On the 2004's, I believe it is the only year post 2000 w/o a MS70 on the 1/2's.  I don't recall (I didn't go to NGC to check) seeing a 2004 1 oz MS70 or a 2003 1 oz MS70 for that matter either.

Offline Wafdawg

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Re: G1/2 MS70 pops
« Reply #2 on: October 10, 2016, 10:01:30 AM »
Ok i had to go back and check.  There are 3 2004 1 oz MS70s and there are no 2003 1 oz MS70s Frosted or Mirrored.

Offline Butch

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Re: G1/2 MS70 pops
« Reply #3 on: October 10, 2016, 12:46:33 PM »
Grading is always a risk because it's one person's opinion.  There's obviously gradings that can be considered injustices.

Offline KeyDate1/2ozPandas

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Re: G1/2 MS70 pops
« Reply #4 on: October 10, 2016, 11:48:30 PM »
Grading is not risky when done in large batches, if you submit 100 coins 70-80 of them will be grade accurately.  10-15 over graded, 10-15 under graded.  You take the good with bad. 

Grading is not one person's opinion, but 3 professional graders opinion, I will take their opinion over a photo on ebay or collector describing the coin.

If you see injustice, the remedy is simple resubmit the coin and pay $15-$30 to see if it improves, not really a big deal.

I have received many 1/2 MS70s and MS68 in the last 6 months, in the past I would get 70% MS69 for 1/2, now the numbers are closer to 50%, but percent of MS70 has increased from 2-3% to 6-10%.  I recently put a bunch of the 1/2 MS70 away into deep storage, looking forward to see how they do in 2020.  With so many 1/2 being earmarked for sets, supply of 1/2 available for stand alone ownership will be very limited.

Offline Butch

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Re: G1/2 MS70 pops
« Reply #5 on: October 11, 2016, 12:26:58 AM »
Thank you for correcting me.  It's still different dynamics when you're not a member of numismatic organizations and are not someone who gets coins graded.  Have to go through a more expensive route to get it regraded, if I am correct.

20-30% are still significant percentages of "injustices".

Offline Wafdawg

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Re: G1/2 MS70 pops
« Reply #6 on: October 11, 2016, 12:37:07 AM »
I've noticed a lot more freshly graded MS70s as well in NGC's new holders. If you've seen a bump up as well it places data on what I believed to be true from an anecdotal perspective. Might not be a bad idea to crack out some coins and resubmit for grading.