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 Replies: 12 / Views: 1,139 |
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New Member
United States
21 Posts |
Hi Everyone! First off, if we posted this under the wrong heading, we deeply apoligize! We have a question and hope to get some response. My wife and I had purchased a 1998 SAE Proof coin off of ebay. This coin is absolutely beautiful. I mean down right stunning! The coin had orginally come from the U.S. Mint with it's CoA. My wife ( God love her )...asked the $25,000 question! Her question was, "Even though it came from the U.S. Mint, should we still have the coin graded and risk the chance of it being scratched or damaged?" Of course, at this point since I've been studying coins a little bit longer than her, went, "Um, Duuuu-uuuuh". I was dumbfounded. I didn't have an answer! She might as well have asked me, "Why is the sky blue?" ( Because I don't know the answer to that either! ) I'm the man in her life that's suppose to have all the answers. But it was an excellent question. So, I'm turing to the community for their advise. Any help that you can give is GREATLY appreciated. Should a U.S. Mint Proof coin be graded? And for your help you receive a Christmas present from us. ( Not really, but it sounded good, right? ) Marlene & Louis |
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Pillar of the Community
United States
2254 Posts |
Hello Marlene and Louis, You pose a good question, but not one easy to answer. First of all, the wording of your question makes it a little more difficult to answer. Should ALL proof coins be submitted, my answer would be no. Should certain ones, of course. The first thing you need to decide, is if you will be keeping the coin for yourself, or looking for potential resale value. If you have no intentions of selling, there's no reason to have it slabbed, unless you like the extra plastic. If you're planning for future resale, then the current value of the coin comes into play. What have the most recent proofs of your year and mintmark sold for at auction? teletrade, ebay, etc. Some coins will not be worth slabbing only because their value is less than what it costs to slab. Some folks go by the $100 or $200 limit. If the coin is not worth that much, it's not worth being slabbed. Note: you really should become astute at grading any series you plan on having slabbed prior to submission. In all fairness, modern proofs are very tough and probably a proverbial crap shoot on whether they would be PF68-PF70.Quite honestly, for resale on modern proofs, sometimes you are better off not in a slab. Some folks like to speculate on whether a coin would get that PF70 designation. |
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New Member
United States
32 Posts |
I agree, if you have no intention of selling it then there is no need to get it slabbed. Second, The sky is blue because God is a Tarheel Fan! GO HEELS!!
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New Member
 United States
21 Posts |
Tights24 and Jimmy28303, thank you for your help. That was pretty much common sense I guess. I plan on keeping the proof for myself for now. Who knows, maybe one day I might decide to sell it... who knows. But for now I plan on keeping it. The coin is just to darn stunning to sell.
And to Jimmy.....the sky is blue because of the way the Earth's atmosphere scatters light from the sun. Now, I'm not sure if God is a Tarhells fan or not, but I do know He loves them too!
Thanks again for your help. We really do appreciate it!
Marlene & Louis
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Pillar of the Community
United Kingdom
1077 Posts |
You should try living in England. The sky is usually grey and wet!
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Pillar of the Community
United Kingdom
1077 Posts |
Apart from some sort of sports team (presumably), what exactly is a tarheel?
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Pillar of the Community
United States
3294 Posts |
Something to do with the US state of North Carolina, but exactly what I can't say.
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Moderator
 United States
187582 Posts |
Tarheels are sinister beasts from Chapel Hill, NC. 
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New Member
United States
21 Posts |
Im not a great lover of the Tarheels, but I respect them deeply. More of a Duke fan myself.... and not trying to start an internet battle. But everyone has their faves. And I'm not exactly sure what a Tarheel is. But thats okay, I dont know what PF-69-DC means either!!
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Pillar of the Community
United States
618 Posts |
My guess is proof 69 Deep Cameo. This is on the grading scale to 70 so your 69 is one notch below the best.
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New Member
United States
21 Posts |
I was thinking that DC meant Deep Cameo, and wasnt related to "DC" as in Dictrict of Columbia. Thanks again for the help!
M&L
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Valued Member
United States
462 Posts |
I have about a dozen American Silver Eagle proofs and they are all absolutely stunning. But my guess is that the average value of each one is in the $40.00 range. One might be worth $75.00, but none of them are worthy of being in a slab. So I just leave them in their mint capsule and enjoy looking at them.
What is this Tarheel of which you speak? Is it related to a Cornhusker or a Boiler Maker or a Crimson Tide or a Sooner? I prefer names like "Trojan", a warrior from Troy or "Raider", a name for an Extreme Pirate!
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New Member
United States
21 Posts |
I dont know exactly what a Tarheel is. But yes, it is related to a Corhusker, or a Sooner.
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Replies: 12 / Views: 1,139 |
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Posted 03/09/2009 09:28 am
