Mint Pcgs
Should I have my gold eagle coins from 2004 and 2006 professionally graded?
I have 4 gold eagles $20 (2004, 2006) straight from the US Mint. First of all, I am wondering whether I should grade it now or not. Secondly, I would really appreciate if someone can describe the process (concerning safety, or coin submission). Last but not least, I would like an expert opinion on picking a grading company (PCGS or NGC).
BQ: How much does PCGS or NGC charge for grading a coin?
Sorry My bad. It’s a $50 gold coin. 1 troy ounce gold.
It’s non proof, so I guess business strike?
Before we can go any further here, no $20 gold eagles were made. They’re $5, $10, $25 and $50. Also, are they proofs or business strikes?
Edit: OK. If it was me, I wouldn’t spend the money. Business strikes are pure bullion plays, unlike the proofs made for collectors. Collectors do go after the business strike bullion coins, but they want the higher grades, MS69 and MS70 (which are not that hard to find for the last few years of release).
PCGS charges $30 per coin for these, and you have to be a paid member. The best deal is a one-year membership for $129, which includes 4 ‘free’ submissions. You have to pay the postage both ways. Not too bad, if you’re going to use those 4, plus use their online tools like the population report and price guide.
But, that’s only if the $30 is well spent. In my opinion, it’s not. According to their guide, for both 2004 and 2006, starting at MS63, there is only a $10 increase per step up in grade, up to MS68. They start at $1280 and go to $1330. It jumps to $1560 at MS69 and $1700 at perfect MS70.
That’s guide. At eBay, raw 2004 are going from $1320 – $1390, with the lowest coming a week ago and the highest in the last day or so. That’s reflective of what gold did this week. An NGC MS70 sold for $1414 two days ago. A PCGS MS69 sold for $1403 a week ago. Yesterday it probably would’ve gone for $1420. That would just about cover the $30 fee, over a raw coin for $1390. But there’s no guarantee of getting a 69. A 68 or less is basically just a bullion coin.
For 2006, values are similar. I don’t see grading paying off.
1881 MS64 PCGS S-Mint Morgan Silver Dollar