2017 Gold 1/4oz Griffin Queens Beasts Ms70

[mongo28]

I've been looking for the Griffin Graded in MS70 by NGC but not many have come up for sale... If anyone has an extra they are willing to sell please PM me.

 

Otherwise I'll have to bite the bullet and buy 3 coins to send in for grading and hope 1 is considered an MS70...

 

Cheers

[Pampfan]

@mongo28I believe that only 2 have been graded. I have been in contact with a few of the big USA coin companies trying to see if they will be doing any grading:

paradise mint - which had graded lions told me that they were doing it in mid January - to date they have not - I plan to follow up with them next week

modern coin Mart (MCM) when I contacted them said they may or may not do the griffin.

You may have to send some in. If you do 3 and get 2, I take one off your hands.

 

[mongo28]

Thanks for the update, and info! Yeah I'm surprised but with the issues of quality control from the Royal Mint i can see why the large companies are thinking twice about getting 75% MS69 and only 25% MS70...

 

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[mongo28]

I haven't looked at the NGC population but if you say only 2 exist currently@Numistacker is the owner as he had 2 MS70's in one of his unboxings...

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[Guest]

I haven't looked at the NGC population but if you say only 2 exist currently[mention=378]Numistacker[/mention] is the owner as he had 2 MS70's in one of his unboxings...

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I have 1 of them. Will take a look now at the census


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[Guest]

There are 2 out of 18 graded





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[Pampfan]

@Numistackerdid you purchase your griffin from the royal mint?

i picked up one from MCM - I know it will not grade 70. 

[Guest]

Yes direct from RMB in capsule


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[mongo28]

Hmmm that might be the way to go, the capsule coins are usually in much better condition. Everything here in the USA is in Tubes which are banged around.

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[Pampfan]

Wonder if the royal mint would ever send some in to be graded - then again - if they did - who knows what they sell them for. LOL ?

[mongo28]

Wonder if the royal mint would ever send some in to be graded - then again - if they did - who knows what they sell them for. LOL [emoji1]

£1250 for a 1/4 MS70... Lol

[Pampfan]

I've just ordered 2 more 1/4 griffins and will order 2 dragons when released next week.  When I get them all, I will send if to ngc for grading. Will update all on the results.  

[Pampfan]

Looking at the ngc pop report for the lion - it appears that coins submitted had a 50/50 chance of getting a ms70 grade. So far only 19 griffins were graded - and the rate of 70's is 1/8.  Wondering about this coin - if it could be the sleeper of the series.  

[Guest]

Looking at the ngc pop report for the lion - it appears that coins submitted had a 50/50 chance of getting a ms70 grade. So far only 19 griffins were graded - and the rate of 70's is 1/8.  Wondering about this coin - if it could be the sleeper of the series.  

I think it just means that none of the big dealers have yet sent a bunch of griffins to be graded.

The population of lions was very small until one of the big dealers sent a bunch of lions to be graded and specified probably a minimum grade of 70 on some of the batch.

[Pampfan]

@Numistackeryou are probably right.  I have reached out to about 5 us dealers and they all said they might grade but none have.  The money to be made is probably all in the 2 oz silver grading where a 70 is going for 10x to 20x cost.

i am waiting to see what they do with the dragon.

[Guest]

[mention=378]Numistacker[/mention]you are probably right.  I have reached out to about 5 us dealers and they all said they might grade but none have.  The money to be made is probably all in the 2 oz silver grading where a 70 is going for 10x to 20x cost.
i am waiting to see what they do with the dragon.

I have found that they sometimes take a flier with certain coins in certain years. To use a bulk label they need to grade 100+ of the same type and sometimes they invest and sometimes not.

They might do a bulk buy deal with the mint and leave 500 of something out there graded and next year 0 maybe didn't overwhelm in sales.

India sov 2013 hundreds graded... 2014 and 2015 0+ but it really says nothing about rarity.

[mongo28]

Well I picked up 2 Griffins on the spot dip... And I'll hopefully pick up 2 Red Dragons soon after release. And I'll send those in with some Lunars and pray... I've had enough death slabs this quarter...

[happy2gether]

As I mentioned before in another topic MCM is selling graded dragon coins. Now they have the dragon in MS69 and not expensive.

[mongo28]

They sold out of ms70 in less than 2 hours... I'm pretty sure you UK guys bought them up before the US was awake...

[Pampfan]

I missed out on this item too.  Called MCM and they said that they have more in for grading but are not sure yet how many 70's.

What were they selling them for anyway?

Also - Was at bullion exchanges in NYC yesterday - they said they are getting some graded as well.  

I just sent off three 1/4 Griffin's to NGC.  Looking to get at least 1 70 to fill the hole in my collection.

 

[mongo28]

I missed out on this item too.  Called MCM and they said that they have more in for grading but are not sure yet how many 70's.
What were they selling them for anyway?
Also - Was at bullion exchanges in NYC yesterday - they said they are getting some graded as well.  
I just sent off three 1/4 Griffin's to NGC.  Looking to get at least 1 70 to fill the hole in my collection.
 

$394 at MCM and Bullion exchange was the first to have them but sold out I. 30 minutes... I'll be watching as well...

[sovereignsteve]

8 hours ago, mongo28 said:

They sold out of ms70 in less than 2 hours... I'm pretty sure you UK guys bought them up before the US was awake...

Why would they go up on the site when the US was asleep?

[mongo28]

Why would they go up on the site when the US was asleep?

Good question, as of 8am yesterday they were sold out... A UK member mentioned the deal at around 5am EST and it was sold out when I looked at the page. It could have went up the nigjt before but I usually get an email...

[happy2gether]

Interesting. Seems there are enough MS70 dragons but still none for the Griffin from the dealers. I hope they will let grade some too. It would be too risky for me to grade some myself as I know the possibility to get a MS69 is high.

[Pampfan]

Unfortunately, I think that the griffin will not be offered at this point by anyone. They are already on to the dragon.  But I could be wrong.