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 Replies: 12 / Views: 1,937 |
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Pillar of the Community
United States
1193 Posts |
Hello all! I have some items I am sending off for a slabbing. I want to have a set of PR 70 2009 Lincoln Cents in my collection. Heres the real question. I know that most proofs these days grade either a PR69 or 70. Now I am no numismatist here and I assume that the difference between a 69/70 is so unseen to the naked untrained eye, but hate to send off 4 proofs only to have a 69 returned for the fee. What are some of your tips, advice, "look for" tidbits that determine which proofs make the cut to be sent and more likely to be returned a PR70? Thanks all!  |
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Pillar of the Community
United States
1231 Posts |
My suggestion is just to go buy one already graded
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Pillar of the Community
United States
917 Posts |
I agree with Onejinx. The difference between 69 and 70 is so small you wouldnt be able to tell with the naked eye. Anything after the grade 64 a magnification is needed to determine the grade.
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New Member
United States
39 Posts |
Yes, I agree that its make more sense to just buy one already slabbed in 70. If they come back in 69 they will be worth less than what you paid to get it graded.
I think your odds might be better with NGC. My experience with PCGS has not been good (with grading not service). I sent in 2 sealed 2011 25th Anniv. Set and got back a 2011MS68 and 2011-W PR67DCAM, bunch of 69's and one 2011P RevPR70. The MS68 was toned!! How does a first strike come straight from the mint already toned? If I would have opened the box and seen that coin I would have returned it! I have been getting coins from the mints for 15 yrs, and never received a toned coin!!
I learned my lesson and will no longer send in modern coins for grading. Let the dealers do all the leg work. I suspect that they have some sort of preferential treatment when it comes to grading. I believe this because they pre-sale the coins graded 70 before they arrive back from PCGS. What if they all come back in 69's?
Therefore, if your just collecting and want the highest graded coin your collection, buy it already slabbed. Its cheaper, faster and your not at the mercy of the grading company.
Got that off my chest. I feel better.
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Pillar of the Community
United States
2269 Posts |
Quote:
My suggestion is just to go buy one already graded I couldn't agree more. There is a chance all four might grade PF 70, but statistically there is an even greater chance they will grade lower. Then you have to add in the cost of the grading service. It might be a lot easier to purchase one that is already graded. |
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Pillar of the Community
United States
1302 Posts |
I have a nearly complete PR70 DCAM PCGS 2009 proof set. I have only the lincoln cents left and seeing as how I hate collecting copper (no offense) I have yet to pull the trigger on the four cents. That said, they go for about $100 a piece in honest no reserve auctions on ebay. That's $400 +/- for all four. I paid that much all but the half dollars for the rest of the proof set (clad and silver)... but at $14 per coin per submission- I'd say it's worth it to buy it. Those that get 70s tend to be bulk submitters that send in a hundred or more proofs. Of those 1 in 10 or so may get a 70. |
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Pillar of the Community
United States
3276 Posts |
Before reading the comments, I was going to just suggest that you buy one. It will save time and money.
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Bedrock of the Community
13014 Posts |
Definitely just buy it.
You may have legitimate 70 coins but they almost certainly will come back as 69s. As stated above my experience with them is the same. I am 100 percent convinced they give out extremely few 70s to regular submitters to keep their population down and definitely give preference to bulk submitting high end customers. I have 69s from them I sent in that look better than 70s I bought pre slabbed.
Save the time and money and just buy it.
For what its worth the bulk send in method isn't sure fire either figuring one will hit a 70. I've sent in probably 20 modern coins from 2012 releases (all before getting any back with a grade) and not a single 70. Nothing but 69s and 68 and even a 67 mixed in. Needless to say those 67s and 68s were broken out of the slab immediately and after this experience will NEVER send another coin in again.
At the very least if you insist on trying on your own have a dealer send it in for you as they will get more favorable grading
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New Member
United States
39 Posts |
It's amazing how most of our individual experiences are very similar.
What about with NGC? Their population of 70's is much higher. Can I get some feedback on the experiences you've had sending in coins to NGC. I sent in a Lincoln 1955 DD, had it conserved and graded. They did a great job with that penny and was very satisfied with the end result. But I have never sent in modern bullion.
I actually just modified all my Mint Subscriptions, got rid of all the duplication, just going to get a proof set and silver proof set. These raw sets will never be worth much in my lifetime anyway without being graded.
It's disappointing that individual collectors are treated differently than bulk submitter and dealers. As a collector, I don't do this for the money. I want to have the highest graded coin preserved to be admired years from now.
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Bedrock of the Community
13014 Posts |
Ive never dealt with NGC from a personal submission standpoint, but if you do insist on sending in raws to be graded yourself you should have a better chance with them as you are right they give out more 70s than PCGS for example.
That said the tradoff is their coins (for now at least and who knows how long) dont fetch the top dollar premium that the PCGS 70s do, but if you get a 70 itll still appreciate
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Pillar of the Community
United States
1302 Posts |
NGC has virtually no market premium on PR70 coins. PCGS probably gets too much market premium.
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New Member
United States
39 Posts |
I just got back 5 ASE all MS69 and another 25thanniv. set, all 69's. I'm done sending in modern coins. They are now worth less encapsulted than what I paid + grading + shipping. Now I have to go out and hunt for those ASE in MS70's spending even more...... Live and Learn... |
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Bedrock of the Community
13014 Posts |
Quote:I just got back 5 ASE all MS69 and another 25thanniv. set, all 69's. I'm done sending in modern coins. They are now worth less encapsulted than what I paid + grading + shipping. Now I have to go out and hunt for those ASE in MS70's spending even more...... Live and Learn... Unfortunately most of us seem to learn that lesson the hard way when chasing perfect modern coins. Especially for moderns just buy already slabbed itll save time, money and frustration. Its bad enough sending in 1 or 2 and having neither come up perfect, but the bulk lots are the worst. The only coin that may be the exception would be the 2011 army half if you want a perfect 70 from pcgs as I have set to see even a single one of those come up for sale. |
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Replies: 12 / Views: 1,937 |
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Posted 04/28/2012 10:48 am
