Modern issues in top grades continue to get the attention of
collectors putting together grading service Registry Sets.
However, collectors would be wise to keep an eye on grading service
population reports to monitor increase of certain issues in top grades
as more modern-era coins are submitted to grading services. With a
limited number of buyers, addition of new examples certified in top
grades can have a big impact on the price.
As the supply of these modern issues is only going to increase over
time, to sustain demand more collectors will need to keep wanting these.
Here is one of three recently sold high-grade modern issues we're
profiling in this week's Market Analysis:
1989 American Eagle bullion, MS-70
American Eagle 1-ounce silver bullion coins from 1989 are downright
rare in perfect grades. In the earliest years of the American Eagle
bullion program, coins weren’t sent directly to grading services as
they are today. Those buyers three decades ago likely wouldn’t have
predicted the demand for “perfect” examples today. Where PCGS has
graded 8,753 in Mint State 69, it has awarded the MS-70 grade to this
issue just seven times. At Heritage’s July summer Florida United
Numismatists auction in Orlando, the firm sold a 1989 silver American
Eagle graded PCGS MS-70 for a hearty $14,100.
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Heritage describes the coin as “a technically perfect example, with
fully struck design elements and impeccably preserved surfaces that
radiate vibrant, satiny mint luster from both sides. A few subtle
hints of golden-tan toning add to the incredible eye appeal.”
What is the value of your 1989 American Eagle silver dollar? Coin Values tells you.
It is housed in a special PCGS holder signed by John Mercanti, who
was the twelfth Chief Engraver of the U.S. Mint until his retirement
in 2010, and designer of the reverse of the coin.
Keep reading this
modern rarity Market Analysis: