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Is There A Dollar Value Over Which I Should Get The Coin Graded?

 
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Author Previous TopicReplies: 5 / Views: 425Next Topic  
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United States
4 Posts
 Posted 06/11/2022  4:41 pm Show Profile   Bookmark this topic Add RuffledRacoon to your friends list Get a Link to this Message
Hi all,

After looking more closely at my coin collection, I noticed an 1878-S Morgan dollar, which I believe is a VAM 111 (please see my other post on "1878-S VAM 111?"). From what I've read, this error is relatively rare, and if true, I believe this coin could be very valuable. Finally, I believe this coin is a higher grade than any of the 1878-S VAM 111s graded previously.

I also have an 1878 Three Dollar gold coin in relatively good condition (I could post pictures upon request). I also have an 1899-O Micro O, which may be between high AU and low MS.

These are likely the most valuable coins in my collection. I have several others that are likely worth under $1,000, but that's really my question - When does one opt to have a coin graded? I think with the 1878-S VAM 111, I almost have to, just to confirm that it is actually a VAM 111.

One last question, if I do send the 1878-S VAM 111 to be graded, I worry a bit about where and how to send. Any thoughts?

Thank you all for any and all advice!
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United States
24189 Posts
 Posted 06/11/2022  4:44 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
A rough rule of thumb is to avoid paying more for the slabbing than the coin is worth. I'm sure others will be able to dole out more detailed advice, especially with regard to pick a TPG and then shipping your coins to them.
"If you climb a good tree, you get a push."
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United States
45756 Posts
 Posted 06/11/2022  5:14 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
. As a general rule a coin needs a retail value of at least $100 to justify all costs involved in sending it in.
John1
( I'm no pro, it's just my humble opinion )
Searched 6.5 +/- Million Cents Since 1971
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United States
70241 Posts
 Posted 06/11/2022  6:03 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
To me, the threshold would be closer to $300.



to the CCF!
New Member
United States
4 Posts
 Posted 06/12/2022  07:49 am  Show Profile   Bookmark this reply Add RuffledRacoon to your friends list Get a Link to this Reply
Thanks all! I noticed that many people have discussed submitting their coins at the Expos (like the recent Whitman Expo). Is that a safer way of submitting a coin for grading?
Pillar of the Community
United States
704 Posts
 Posted 06/12/2022  2:29 pm  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list Get a Link to this Reply
It's a faster turn around that's for sure.

I would suggest doing that if you could.
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