This auction still has over 9 hours remaining.... Currently a 1oz 2008 ms70 kook going for almost US$150. The craziness has begun! http://cgi.ebay.com.au/2008-AUSTRALIA-1-KOOKABURRA-999-SILVER-COIN-NGC-MS-70-/350428319599 P.S. I have some 2010 American Silver Eagles ms70 that I'm willing to sell for that price
Dreaming or not dreaming, he is gonna sell it for more than $150. Its a professionally graded coin, but not worth that much.
The grading is something that's ingrained in the US Numismatic market. Here it goes more along the lines of F, VF etc etc. But really for mint produced coins not intended for circulation like ASE, Maples, Lunars, Kooks etc, the grading of 69 or 70 is a bit of a joke. This grading system was really introduced for coins that had been produced for circulation to grade their fineness, not grade coins right off the mint production line. ALL coins released by the Perth Mint would be either 69 or 70, you'd get a mixture of both in a random sample of coins off the production line. To pay $150 when the coin is worth more like $35 or $40 is pretty crazy.
I am wondering how many of these MS70s are fake? Considering that the Chinese are producing fake ratings, a lot of the feebay coins may be fake. It is amazing how many MS70 2010 Panda coins are being sold on ebay.
this 1oz-er sold for this much as its a professionally graded coin, take it out from the slab and ud be happy if u got $45 for it Yes, when they come out from the mint they are either MS69 or MS70 too, but this one is slabbed and has the grading company behind it. Lets start our own grading company ?!!!