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 Replies: 12 / Views: 2,480 |
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Pillar of the Community
United States
629 Posts |
I have quite a few coins that I think might be good candidates to send in to get graded. Regardless of the grader, the whole point is that I don't want to waste my money on something that comes back AU or under. How do you make a determination as to when it is a good idea to submit your coin(s)? The rarity of the coin? The value of the coin?
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Pillar of the Community
Canada
1442 Posts |
I suppose it depends if you are selling the coins or not.
I am preparing my first 100+ coin batch for grading...I find at $6 / coin (ICCS, CCCS), its worth it, even for coins I'm not selling, to have a "professional" opinion on the grade and variety.
Of course, the coin's value should increase at least $6 after its graded, otherwise it may be a bit of a waste.
When it comes to PCGS (cost of $20-$30 per coin)...that's where I set a lower limit of $500 value. Anything under that is probably not worth the cost and hassle.
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Pillar of the Community
 United States
629 Posts |
When I purchase a coin, I am purchasing the coin. But I do not add value to the coin for the holder, the holder is just a tool. I don't plan on selling my coins for a while - getting it graded is just a way to solidify value and to eliminate personal feelings about grade. I guess in my mind, I won't be sending in a coin unless it has a minimum value of $100. If the value is less than that, I know that I wouldn't recoop the value of the cost of grading the money. Also grading is a way of preserving the coin, keeping it from harms way.
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Pillar of the Community
Canada
902 Posts |
Have a coin graded only if it is a high ticket item.
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Pillar of the Community
United States
1081 Posts |
I will send a coin off for grading if it's worth at least $100. I also like to have varieties attributed or MS65+
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Pillar of the Community
United States
629 Posts |
I see coins all the time on ebay that are not worth the grading fee in graded holders - especially ICCS. I suppose that a dealer sent in a bunch (100) to get the cheap price ($6) each with the hope that most of the coins will be of a grade to offset the cost. But honestly, why bother? I do agree that $100 is a good rock bottom minimum value that a coin would trend at to be a candidate for submission. |
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Valued Member
Canada
287 Posts |
Quote:
I suppose that a dealer sent in a bunch (100) to get the cheap price ($6) each with the hope that most of the coins will be of a grade to offset the cost I have many times purchased on ebay silver dimes and quarters graded MS63-64 by ICCS for under $5 a piece.. Someone's losing money! |
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Pillar of the Community
Canada
1554 Posts |
 I asked this same question to Scott Cornwell once, (owner) Brian's son. He stated, "any coin that, in your opinion, has a Trend value greater than $50.00". Glenn  |
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Pillar of the Community
Canada
3692 Posts |
After watching "F For Fake" by Orson Welles I have lost all faith in experts.
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Pillar of the Community
United States
629 Posts |
In order to support my business, I too would have stated $50. When I send it coins, I hope that they are returned to me in the grade that I assigned them before I sent them in. Not always the case. Yet, coins that I have sent in are valued much higher than $50.
A $100 trend coin is just not that valuable is it, meaning, when it's time to sell the $100 coin is easily a $25 coin purchase price from a dealer. I've taken coins into Canadian dealers and that's all they offer 25%. They are quick to point out if it's been cleaned but will sell you cleaned coins for full trends day after day.
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Pillar of the Community
Canada
1442 Posts |
That's why dealers in coin stores, used to raping customers for decades, are going the way of the dodo... Now they're down to raping senior citizens who have no access to ebay :) |
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Rest in Peace
United States
9104 Posts |
- The average retail value of a coin slobbed by PCGS is right around $1,000.
- Slobbing is only worthwhile if the unquestioned value and the fee are less than the expected slobbed grade.
- For example, if the coin is not questioned for authenticity and XF, and the price goes from $30 xf to $50 au53, there's no point paying $30 to try to get a $20 "better" coin.
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Moderator
 Canada
10463 Posts |
I certify coins in my own collection for many reasons, a registry set being one of them. For selling coins, unless it is for authentication or specifying a specific variety, my TPG ceiling is $200. "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Replies: 12 / Views: 2,480 |
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Posted 06/15/2011 1:12 pm
