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 Replies: 13 / Views: 1,746 |
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Pillar of the Community
Canada
1731 Posts |
Poll Question
An interesting thing popped up today. I was reading about my 1812 set in the other forum and a guy asked if I was going to send some of the coins like the penny and dollar in for grading. Is it worth it? Will it be better for re sale?
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Pillar of the Community
Canada
834 Posts |
Not really worth it. The guys breaking down these sets are now barely getting what they paid after fees etc.
I can see this set being worth less in the future
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Pillar of the Community
 Canada
1731 Posts |
I agree about the grading but disagree with the set losing its value. Penny and dollar should take off in price and be almost worth the value of what I bought it for. The penny is in silver which hasnt happened before.
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Pillar of the Community
Canada
834 Posts |
The market is being flooded with open sets, and a 20,000 mintage while fairly low still is alot for. Plus the set can be picked up for $229 on ebay |
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Pillar of the Community
Canada
1731 Posts |
uh "today" am I selling today?
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Valued Member
Canada
178 Posts |
I wouldn't bother with the grading. I don't really see the point since these coins are in top shape to begin with. I don't think a label confirming them as a 69 or 70 would increase the value enough to make up for the fees you would have to pay, but that's just me.
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Pillar of the Community
Canada
1731 Posts |
I guess I'm not. I was thinking maybe I could buy one at my coin store and send it in for grading... but the dollar at my local store is selling for $125.
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Valued Member
Canada
207 Posts |
Question about grading, when a coin is graded is it from then on "locked" in the slab? To me this would take away from my enjoyment of the coin as I would like to see the coin by itself (in a capsule) or as part of a set/collection.
I actually avoid purchasing slabbed coins as I wouldn't want to devalue it by removing it from the slab.
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Pillar of the Community
Canada
1731 Posts |
You can always take the coin out of the slab and it wont devalue it unless you damage it. Most people take them out of the slabs.
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Valued Member
Canada
207 Posts |
Ok I see. But I guess if you wanted to resell it you would have to get it regraded?
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Pillar of the Community
Canada
1731 Posts |
It would be better. But I guess most people like to buy raw. It depends on the seller
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Pillar of the Community
Canada
2366 Posts |
Yes, unsealing the package invalidates the grading. Maybe try selling it as 'The Coin Formerly Graded as ICCS MS66' (if there are any Prince fans out there :-) ).
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Bedrock of the Community
Australia
21786 Posts |
With top condition coins, there can be huge price differences for what are really (in an absolute sense), minor differences in condition.
A third party opinion on the grade at least gives both sides of a negotiation for a sale, a part of a basis, for a price agreement.
You need not ask for a grade now, unless really wanted an idea of the value, or if you really wanted to sell. Your call.
Edited by sel_69l
03/27/2012 01:31 am
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Pillar of the Community
Canada
1731 Posts |
Im going to skip on the grading and keep them in the original case.
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Replies: 13 / Views: 1,746 |
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Posted 03/25/2012 8:00 pm
