2009 Silver Eagle Ms69 - Is The Ms-69 Grade Really Worth The Price?

Firstintroduced in 1986, the exquisite American Silver Eagle coin is arguably the most popular silver bullion coin available. The MS69 silver eagle is among the highest grades available. However is it really worth the price? Let's find out...

First, let us specify what the MS-69 grade is. MS69 stands for "Mint State Brilliant Uncirculated." It's one of the grades employed by two of the most widely used independent, 3rd party grading services - the NGC, which stands for Numismatic Guaranty Corporation and PCGS, which stands for Professional Coin Grading Service. If you're really interested in getting a silver eagle with a high grade, it is essential that you stick to these respected grading providers!

Scores of 1 through 70 are issued to coins which are graded by these services where MS70 will be the absolute highest rating allocated. A MS70 coin means that it's as perfect as it could possibly be. Some grading providers won't assign a MS70 grade given that they feel that it's impossible to find an absolutely perfect coin around.

The "MS" portion of the grade is known as "Mint State." A Mint State coin can be graded from MS60 all the way up to MS70.
There are several variables which are taken into consideration when grading a coin. They can consist of scratches, polishing, nicks, rims, and other blemishes.

The MS-69 Silver Eagle is a coin that's almost virtually faultless and perfect in condition. When purchased the coin is going to be encapsulated in a slab that has been sonically sealed. It's done this way so as to certify and safeguard its high grade. The MS-69 grade is only guaranteed if the silver eagle is kept in that slab. The coin will be labeled with the grade, grading service and coin type which for instance might be PCGS MS-69 Eagle. It will also have the the mint mark and unique serial number.

Although the silver eagle is a super popular coin, they aren't many to be found in the highest grades. This is as a result of minting process itself. Just the simple act of handling the coin can very easily result in things such as minor scratches that could disqualify them from obtaining the MS-69 grade.

So now that you know what a MS-69 American Silver Eagle is, you may be wondering if they're worth the extra cost?

It all varies according to your reason for purchasing it. If you are just looking to purchase silver eagles for the bullion you will be better off purchasing plain vanilla eagles in uncirculated condition.

If you're set on buying a grade MS-69 silver eagle or higher you should know that the price which you pay will be determined by the demand for the coin. Simply put, the ultimate price of the coin is dependent upon its date. Keep in mind that high grade + limited supply = $$$.

Here are a few crucial dates that are in demand:

1. 1996
2. 2006-W
3. 2006-w 20th Anniversary Edition
4. 2008-W Reverse of 2007 $1 Eagle
5. 2008-W Reverse of 2007 First Strike