| Author |
 Replies: 21 / Views: 1,151 |
Page 2 of 2
|
|
|
|
Bedrock of the Community
United States
19241 Posts |
Not a great candidate for 3rd party grading, but would make a solid album hole filler until better comes along.
|
|
New Member
 United States
10 Posts |
|
|
New Member
United States
10 Posts |
Thank you for the comments everyone. Its definitely the best 1982 I've seen.
|
|
Bedrock of the Community
United States
10047 Posts |
Submitting coins for grading to get registry quality graded slabs is a great way for a newbie to lose money. Most experienced dealers don't get the money grades, and that is why those slabbed coins are so rare and valuable. Dealers send bulk submissions of thousands of coins in hopes of getting that high grade.
Companies use nothing verifiable to grade coins with. So the same coin broken out and resubmitted, even to the same company, is never guaranteed the same grade again. The companies are totally unaccountable to anyone. The less money-grade slabs they hand out, the more the high money-grade slabs skrocket in price. This is desreable for business b/c the high prices entice more people hoping to make a boatload of cash to tyry to find a perfect looking coin to submit.
Tons of people are willing to gamble the 200.00 (initial) fee to submit their "perfect looking" coin (to their eye), and end up wondering what went wrong when they end up with a non-jackpot grade slab and financially in the hole. The overabundance of face value coins people have paid to get slabbed lends evidence to this idea.
The companies keep track of the grades they assign to all coins as can be seen online. The companies are businesses needing to pay shareholders, and will go with a plan to maximize profits just as any other business does.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
|
New Member
United States
10 Posts |
Scary, thank you sir for the tip. I'm thinking this one is maybe a MS65. When I look at it in the right light and under 4X magnification I can see imperfections. Nothing that I would say is damage but you can tell it went through the business strike minting process. But I can't see anything with my naked eye, it does look pretty darn good.
|
|
Forum Dad
 United States
24182 Posts |
|
|
Bedrock of the Community
United States
10601 Posts |
Quote:
Its definitely the best 1982 I've seen. Yes, nice for an 82 but that's about as far as that goes. Like Bobby stated: Graded 65's are 15$ - even at MS66 it isn't worth the grading fees....... |
|
Bedrock of the Community
United States
36880 Posts |
Grading fees are far higher than the coin is worth.
|
|
New Member
United States
10 Posts |
|
|
Bedrock of the Community
 United States
18712 Posts |
based on what we can see the coin looks MS64 pretty close to 65. if you found this in circulation, congrats as its very difficult to find an MS coin in circulation that grades MS let alone above 63. to find a coin that is worth grading is pretty much nil other than certain varieties we have asked several folks what they see or hear that prompts them to consider slabbing their coins. we have never got an answer. maybe you'll be the first one. for me, its a great way to increase the TPG's revenue. I am glad you posted here first rather than send it in FYI consider the following for having a coin professionally graded two reasons to slab 1. its a rare coin that needs authenticated and preserved 2. you are planning on selling the coin and the cost of acquisition plus the grading fee's would warrant it without chewing up all your profit PCGS charges a minimum of $69 for a subscription other subscription levels include grading vouchers though so you could reduce these costs. add to the subscription cost, per coin grading cost which I think for this one might be $23, shipping & ins both ways (1-4 coins is $27 if the total value is under $1000) NGC - economy grading tier is $23, plus $10 handling fee, plus $28 for shipping (1-5 coins). ANACS grading would be $16 but there's a 5 coin minimum. Shipping would be $29-35. |
|
Bedrock of the Community
United States
75042 Posts |
Not worth sending in.
Errers and Varietys.
|
|
Moderator
United States
15537 Posts |
Quote:
we have asked several folks what they see or hear that prompts them to consider slabbing their coins. we have never got an answer Yes, what is the motivation pushing 'newer' collectors to consider having their relatively low value coins slabbed? I would welcome the OP views on this.  Take a look at my other hobby ... http://www.jk-dk.art |
|
New Member
United States
10 Posts |
Thank you all for your replies. Let me start by answering your question first.
I want to know for sure,(in the case of MS numerical grade), what the grade is because of the potential value of the coin if high. I've seen other coins graded at what I thought would be less based on comparison with another coin of similar date and mint but lower MS grade. Basically a MS69 looked worse than an MS67. So I'm interested to see if this coin would be the same grade as some of the MS67's out there that I've seen which I think look worse than mine. IMO
But I'm curious also to ask - do they judge a based on magnification or is it based on what you can see with the naked eye? Because this coin looks great with the naked eye. I really had to do some lighting and angle tricks in order to get the flaws to appear.
|
|
Bedrock of the Community
United States
10601 Posts |
Quote:
But I'm curious also to ask - do they judge a based on magnification or is it based on what you can see with the naked eye? I do believe TPGs look at coins at 5x magnification. Please correct me if I am wrong anyone....... |
|
Bedrock of the Community
United States
18712 Posts |
anttony1981. thanks for you comment on our question. from what I'm reading is that most new collectors look at the values of high grade slabbed coins and due to their lack of grading knowledge in grading, attempt to compare that coin thinking it looks just as good, so by submitting them yours would make the grade also and net a tidy profit keep looking but please continue to post them here before you decide to spend the $$ to send them in. the coin you posted here is a nice example and something thats not found often this is just a general comment anttony1981 and not directed to you but to new collectors in generalmost new collectors have no or very little grading experience. I've seen some that think if the coin is shiny that its worth a lot. a lot of members here own their on LCS or have decades of experience grading and get it wrong. even the TPG's get it wrong. we see examples here all the time of that. the chance of finding a coin in circulation that is worth slabbing is zero. there are a few varieties out there but you could spend your entire life looking for them to find one. I've never found anything of value in circulation after about 1970. |
|
Page 2 of 2
|
Replies: 21 / Views: 1,151 |
Page 2 of 2
|
First Page
Posted 04/14/2024 3:48 pm
