Ase Proof Ms 70 Enhanced coins represent the pinnacle of numismatic perfection. These coins, graded by the American Numismatic Association (ANA) through their grading service, Numismatic Guaranty Corporation (NGC), have achieved the highest possible grade, indicating flawless condition and exceptional eye appeal. The “enhanced” designation signifies that the coin’s surfaces have undergone a specialized finishing process to maximize their luster and brilliance.
Understanding ASE Proof Coins
American Silver Eagle (ASE) proof coins are highly sought-after by collectors and investors alike. Unlike regular bullion ASEs, which are produced for investment purposes, proof coins are meticulously struck from polished blanks using specially prepared dies. This process results in a mirror-like finish on the fields and frosted, raised devices, creating a stunning contrast that sets them apart.
What Does “MS 70” Mean?
The Sheldon Coin Grading Scale, developed by numismatist William Sheldon in the 1940s, is the standard grading system used in the United States to evaluate the condition of coins. The scale ranges from 1 (Poor) to 70 (Perfect Uncirculated).
An MS 70 grade indicates that a coin is in “perfect” condition, meaning it is free from any imperfections, scratches, or blemishes, even under 5x magnification. It also exhibits exceptional eye appeal, with full, original luster and sharp, well-defined strikes.
The Significance of “Enhanced”
The “enhanced” designation on an ASE proof MS 70 coin indicates that it has undergone an additional finishing process by NGC. This proprietary process, known as “NGC Prooflike,” enhances the coin’s natural luster and brilliance without altering its surfaces or impairing its grade.
While all proof coins inherently possess a high degree of luster, the enhancement process brings out the maximum potential of the coin’s finish, making it even more visually appealing. This added desirability often translates to higher market values for enhanced coins compared to their non-enhanced counterparts.
Factors Affecting the Value of ASE Proof MS 70 Enhanced Coins
Several factors influence the value of ASE proof MS 70 enhanced coins, including:
- Year of Mintage: Certain years may have lower mintage figures, making them rarer and more desirable.
- Special Releases: Commemorative or special edition releases often command premiums.
- Market Demand: Like any collectible, the value of ASE proof coins is subject to market fluctuations.
Investing in ASE Proof MS 70 Enhanced Coins
ASE proof MS 70 enhanced coins offer a unique combination of numismatic and investment appeal. They represent the highest standard of quality within the ASE series and are highly sought-after by collectors and investors worldwide.
However, it’s essential to remember that the coin market can be volatile. Before making any investment decisions, it’s crucial to conduct thorough research, understand the risks involved, and consult with reputable coin dealers or financial advisors.
Conclusion
ASE proof MS 70 enhanced coins represent the pinnacle of American numismatic excellence. Their flawless condition, exceptional eye appeal, and enhanced finish make them highly desirable additions to any collection or investment portfolio. Understanding the factors that contribute to their value and approaching the market with informed decisions can lead to a rewarding experience for collectors and investors alike.
FAQs
1. What is the difference between a proof coin and a bullion coin?
Proof coins are specifically produced for collectors using a specialized minting process that results in a mirror-like finish and frosted details. Bullion coins, on the other hand, are primarily intended for investment purposes and have a more standard finish.
2. Does NGC’s enhancement process damage the coin?
No, NGC’s enhancement process is non-invasive and does not alter the coin’s surfaces or compromise its grade. It simply maximizes the coin’s existing luster and brilliance.
3. Where can I purchase ASE proof MS 70 enhanced coins?
Reputable coin dealers, online auction platforms, and specialized coin grading services are all potential sources for purchasing ASE proof MS 70 enhanced coins.
4. How should I store my ASE proof MS 70 enhanced coins?
It’s essential to store ASE proof MS 70 enhanced coins in protective holders, such as air-tight capsules or certified coin slabs, to prevent damage from dust, moisture, and scratches.
5. What is the long-term investment potential of ASE proof MS 70 enhanced coins?
The long-term investment potential of ASE proof MS 70 enhanced coins is generally considered favorable due to their rarity, high demand, and intrinsic value as silver bullion. However, like any investment, it’s crucial to conduct thorough research and consult with financial professionals before making any decisions.
6. Can I submit my own ASE proof coins to NGC for grading and enhancement?
Yes, NGC accepts submissions from both individual collectors and dealers. You can find detailed information about their submission process and fees on their official website.
7. Are ASE proof MS 70 enhanced coins a good hedge against inflation?
Precious metals, including silver, have historically served as a hedge against inflation. As the value of currency decreases during inflationary periods, the value of hard assets like silver tends to increase.
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