Anyone know why the 1999 Silver Eagle is so hard to get an MS 70?

[frozenntimesports]

Does anyone know why the 1999 Silver Eagle is so hard to get an MS 70?

I saw one sell in the mid $20Ks a few weeks ago and apparently its super hard to get. I'm thinking of buying a few tubes of the 99s and taking a shot at a 70 knowing that a 69 will break even on grading costs.

[superynaldo]

There were only 78 graded at that level.. as compared to over 70,000 at 69.

The 1999 Silver Eagle is a condition rarity in MS70. Someone who has better access to NGC's population report than I do should be able to give you complete details. In contrast, they're common in all grades from MS69 down.

[AndyE89]

The 1999 Silver Eagles, if I am correct, were produced in standard coining. Most were not PROOF. To get a grade of MS-70, over a Proof 70 is incredibly difficult. With only around 10% of the production grading that high, which would make the 78 that were graded and slabbed at MS-70 more valuable.


I do not think that the grade on a silver bullion should ever carry that amount of a premium. To jack a price on a coin minted for investment ONLY, seems arbitrary.

[HBMC]

I do not think that the grade on a silver bullion should ever carry that amount of a premium. To jack a price on a coin minted for investment ONLY, seems arbitrary.

Most pricing for bullion is arbitrary. The prices people pay for bars makes me laugh out loud. I can at least see the numismatic aspect of a high grade of a difficult proof being hard to find, but for $20K? Are they smoking asbestos?