FAQ: looking to buy 2010 proof silver and gold eagles and gold buffalos?.?
coin collecting noob here?apologies ahead of time for the lengthy question?.
im planning on buying one each 2010 proof silver eagles, gold eagles, and gold buffalos. (yes, 2010, not 2011). mostly to commemorate something very important. and im planning on having them for 5?10?20 years or more. who knows. not doing it for an investment per-se?but if down the line i do decide to sell them, i wouldnt mind getting some extra cash for them.
now i dont know if i should buy the coins that were issued straight from the mint (in the fancy velvet boxes) or should i be looking for MS70 graded coins?
ive read opinions that modern day proof and bullion coins that are rated (ie; slabbed) by the rating companies are a scam because?
a.) theres so many of them that are being produced which doestn make them scarce at all
b.) a modern day coin proof/bullion is never circulated anyway, so of course theyre all going to be rated 70 (or 69 at worse).
so if should i be shopping for proof coins, or MS 70 graded coins?
also, if slabbed coins are better, which of the grading companies are better?ngc, pcgs?etc. i know that ?first strike? is the most desirable of these ?graded? coins. i also know that the gold buffalo ?black diamond? that is sold by apmex is a complete and utter scam.
thanks very much for any info.
Goldsenze Answer:
The coins you are looking for are only available through licensed dealers. For a list of PCGS dealers, go to the American Numismatic Association web site. (coins.org). The difference between proof 69 and proof 70 coins are tiny defects in the edge and are not visible in slabs. It is your own preference weather you buy proof or uncirculated coins. Proofs are better looking but MS69/70 are scarcer.
posts you may find of interest:
- Question: Is buying Gold, Platinum or Silver American Eagle Proof coins (US Mint) a good investment?
- Q&A: Is buying Gold, Platinum or Silver American Eagle Proof coins (US Mint) a good investment? ? goldsenze.com
- Q&A: Is it a good investment to buy the 2009 1 ounce Proof Gold Buffalo coin? ? goldsenze.com
- FAQ: Which is a better gold bullion investment: krugerrands or eagles? ? why? ? goldsenze
- Which is a better gold bullion investment: krugerrands or eagles? ? why?
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