New coins and searching for grades 69/70, why?

Most books I read on newly minted coins state that the quality is so good that they are graded either 69 or 70 right off the bat. So this makes me think why. Why bother spending the money on grading it. I realize that bumping a coin from 69 to 70 makes the holder more valuable but why buy the holder when its the coin you're after? Most people can't tell the difference from a 69 to a 70 w/o the aid of a microscope. So again I ask why. Sure I've purchased coins graded 70 but only when the cost of grading wasn't a factor in the price. For example I bought a commemorative 2008 Eagle half dollar graded at MS70 but only because the cost was 23$. If I would've had it graded myself it would have added 30$ to the cost. So in this case it made sense. I guess what I'm trying to say is buy the coin and not the holder. If I had to come up with a reason for why the newly minted MS70's are more money it's because they are buying the holder and not the coin.

This is my first blog post and perhaps my most incite full (sp?). :)

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Comment by stgecko on January 15, 2009 at 7:35pm: What I can't understand is if a coin leaves the mint as perfect as it can get then isn't it a 70 right off the bat? To me that's how the logic should work but it doesn't or we'd see coins older than 1966 graded at 70. I believe this is the earliest 70 I've found and that was looking through NGC's stats. PCGS might have something different but I doubt it.