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Wow So I Asked For Auction Appraisal From Heritage

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 Posted 02/10/2020  09:26 am Show Profile   Bookmark this topic Add Kevin118 to your friends list Get a Link to this Message
And on NGC forums for my Mercury dime and if I should have some other coins graded as well and was told no wouldnt be worth the money and I see today that several recently sold for insane amounts any advice on how to go about grading and selling my coins cards currency ect... We need more 3rd party grading services.



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 Posted 02/10/2020  09:33 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
What are you seeing as a error or variety?
John1
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 Posted 02/10/2020  09:37 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Depends on the date and condition of each coin. A 1944 Philadelphia coin like yours is worth very little in this condition and is certainly not worth grading. Other dates and mintmarks in this series might be worth more or even less.



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 Posted 02/10/2020  09:41 am  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
All I think we should stop discouraging people from getting the coins graded. In the end what is to say that we don't know what should be graded or not.

This coin is a perfect example, I wouldn't grade (actually I doubt I get almost any coin graded) but If the OP wants to get it graded why should we discourage it. I mean it's not my money? The OP seems intent that it's worth mucho bucks.. let them decide if the grading cost is worth it :)
Edited by hfjacinto
02/10/2020 09:42 am
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 Posted 02/10/2020  10:08 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply

Quote:
recently sold for insane amounts
Can you show us comparisons? If you want to slab it use ANACS,they charge the least. But as a general rule: A coin needs to have a retail value of at least $150 after slabbing to justify all costs involved. Why would you spend more on slabbing then the coin is worth
John1
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 Posted 02/10/2020  10:26 am  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
I'm all for people sending their coins to third party graders--go for it. If people have issues with feedback on coincommunity or from other numismatic service/information organizations, they should simply go with their gut feelings. Only then will they become better informed. I'd think a few such 'gut-based' submissions would yield dramatically-significant results, while most 'gut-based' submissions would be quite disappointing.

For those uncomfortable with PCGS, ANACS, NGC--perhaps they could form their own service.
Edited by ijn1944
02/10/2020 10:29 am
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 Posted 02/10/2020  10:30 am  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply

Quote:
If you want to slab it use ANACS,they charge the least.


John why are sending them to the cheapest? Shouldn't they go to the premier ones like PCGS or NGC. I heard those are the better services. I think if they are going to get it slabbed they should use the best.
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 Posted 02/10/2020  10:50 am  Show Profile   Bookmark this reply Add Kevin118 to your friends list Get a Link to this Reply
Lol nvrm was just reading about the same coin which sold for 15k because it was a ms 68 which my coin is or very close to that but its kinda hard to tell cause its in a flip and has dust in and on it which is why I was considering getting it graded but think ill just sell it as is thanks for the advice lol
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 Posted 02/10/2020  11:03 am  Show Profile   Bookmark this reply Add jasper62 to your friends list Get a Link to this Reply
It's not even a full split band. Why do you think it's mint state. Even if it graded MS-65 PCGS has it listed at $35.00
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 Posted 02/10/2020  11:23 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply

Quote:
John why are sending them to the cheapest?

To cut your losses. Isn't anacs like half the cost of the other two? The ops' coin is nowhere near MS68.
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 Posted 02/10/2020  4:00 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
. I recently bid on a MS68, I should have been more agressive as I was only outbid by $10. Great toning too. Regardless it sold for a meger $450 + buyers premium. Needless to say, not very expensive.
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 Posted 02/10/2020  4:20 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
I think it would be wise to invest in yourself in learning how to grade coins first, so that way there's less of a chance sending in coins to be graded of lesser qualities and save money to buy more coins of quality.

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 Posted 02/10/2020  5:34 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
OP has done the right thing by asking if this coin should be graded.

In this case, it should not be graded, because the potential value is not high enough to justify the grading and shipping fees.

Nice coin anyway. Just enjoy it.
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 Posted 02/10/2020  5:40 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Grape - you were only outbid by $10, perhaps, but I'm guessing that was just the next bidding increment. You don't know how high he might have been willing to go.
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 Posted 02/10/2020  7:56 pm  Show Profile   Bookmark this reply Add merclover to your friends list Get a Link to this Reply

Quote:
ms 68 which my coin is or very close


Kevin, your dime is not MS68. And your coin isn't FSB. I'd grade it MS65 at best, which isn't close. But let's give it an MS66 PCGS grade. Searching sold PCGS MS66 on eBay, here is an average example:
https://www.ebay.com/itm/1944-Mercu...047675.l2557
$30 seems to be a good average, and this is already PCGS graded!

Perhaps hfjacinto is right, who are we to tell you not to spend your money by not sending it into be graded? You asked us, we gave you our opinion, but maybe the best learning tool is to spend the money for grading learn from the experience. Just don't blame us for the loss.

Please do let us know when you get your dime back from PCGS and tell us the results. I hope you do get your 15K payday you're looking for. Good luck!
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 Posted 02/10/2020  8:31 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply

Quote:
All I think we should stop discouraging people from getting the coins graded. In the end what is to say that we don't know what should be graded or not.


I am puzzled. Somebody asks for an opinion from an experienced, knowledgable group, but we don't give one?

Presumably we would give an opinion on whether a coin is worth some price, whether it is fake, etc?

If the OP is not convinced, fine, don't harass or push the point. Maybe we are wrong. But if someone asks for advice, why not give it?
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