2001 NTC Silver Eagle from ground zero

[tttwism]

First question is, on the case, there is no grade, why? second what are they worth? And last, what would cause dis coloration on these?

 

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[Generic_Lad]

NTC is a pretty poor grading company. If you are buying slabbed/graded coins (assuming you're buying the coin at a premium or you're buying it sight unseen and thus relying on the stated grade) stick to:

NGC or PCGS (the best)
ANACS
IGC
CGS (mostly British coins)

So why don't you have a grade? Because the coin wasn't sent in for grading, merely "slabbing" to NTC to "verify" where it came from.

Of course its NTC and not NGC or PCGS so its really just their word, which in the coin collecting community it basically is little more than you attaching a sticky-note to your coin saying it came from the WTC.

As for discolouration, in general silver eagles (and other pure silver coins) will not tone as rapidly and will not tone to the same degree as something made out of coin or sterling silver. Exposure to sulphur or other chemicals though can tone your coin, so most likely your coin was exposed to some sort of chemical somewhere down the line and so it got a bit of discolouration.

And as for value, they might be worth a bit more than your "run of the mill" silver eagle (NTC WTC ones sell for about $35 on eBay) but certainly less than a WTC coin graded by a reputable company (PCGS ones sell regularly for $95+ on eBay)

 

[tttwism]

I don't know why there is no grade, but here is a picture, also, for something like this is the 2001 at the bottom messed up?. I paid $60 for everything in the pics, was it a good buy? there is the 1 oz silver coin, 5 uncirc new york comemerative quarters 2 silver certs, and 1 gold cert.

 

[Diver_Down]

The only thing of value to a collector is the ASE. The other "Bills/Bars" are coated in silver leaf - consider it silver plating. The Quarters are just a novelty. Throw the others up on eBay and let the market decide their value. I'd start it at 99 cents.

 

[Generic_Lad]

Yep, collector value is only in the ASE, if you sell it through a coin shop they are likely to pay around spot, or $23-ish, if you stick it on eBay you might be able to get $35-40 for your ASE and the rest is numismatically worthless, but you've got nothing to lose by sticking it on eBay.

A good rule of thumb when buying coins are:

1) Avoid paying collector prices for non-Mint issues. If it is made by a "mint" other than the US Mint, Royal Canadian Mint, Royal Mint, Australian Mint, etc. it is likely to be nearly worthless to collectors. Such "mints" like the Franklin Mint, National Collector's Mint, the Pobjoy Mint, Northwest Territorial Mint, etc. Now, most of these mints do produce coins in gold, silver and platinum, these coins are great if you can pick them up for spot or under, but you shouldn't buy these things as collectables (although if you are willing to do the research, some of these coins can be slightly collectable such as earlier Franklin Mint issues and some Pobjoy mint issues).

2) Avoid paying collector prices for countries you've never heard of. In general, the more demand there is for a coin, the easier it is to sell and the more value for a coin in the same scarcity (for example, since there are more people collecting Mercury Dime issues than coins from the Isle of Man, a 1916-D Mercury Dime will sell for more than a coin from the Isle of Man with the same composition, scarcity and condition).

3) If it doesn't say NGC or PCGS (and to a lesser extent ANACS and to a much lesser extent ICG) don't buy the coin for a premium just because its slabbed and don't rely on the grade on the holder. Anyone can create a business and grade coins and sell you Morgan Dollars that say MS-66 on the slab but are really MS-62 coins, so buy the coin and not the slab. Learn how to grade for yourself. Now, of course that Morgan is still worth what any other MS-62 Morgan is worth, but it certainly isn't worth the hundreds of dollars that the coin would be in MS-66.

4) There are bargains to be bought... but only on the higher end of things. Unless you get really lucky with a rare die variety or something, the worn, common-date large cent you bought for $5 just for your type collection will be worth $5 a few years from now and you are unlikely to ever sell it for more (and sometimes it might be hard to break even!) on the other hand there are bargains to be had with the higher-end side of things with numismatics, for example, you might be able to buy a high-end Morgan dollar for $800 and sell it for $1,300, but you really have to know your stuff!

5) Collect what you like, but don't overpay. There's nothing wrong with collecting Franklin Mint stuff, there's nothing wrong with having a collection of silver-plated copper bars, but there's no point in paying $200 for a $20 collection.

 

[cudamark]

I don't know why there is no grade, but here is a picture, also, for something like this is the 2001 at the bottom messed up?. I paid $60 for everything in the pics, was it a good buy? there is the 1 oz silver coin, 5 uncirc new york comemerative quarters 2 silver certs, and 1 gold cert. View attachment 795782 View attachment 795789 View attachment 795790

So, the answer is: No, it wasn't a particularly good deal.......but you didn't get hosed either!