Lincoln Silver Dollar Commemrative Purchase Question.

IMO, for that price, I would get the Lincoln Coin and Chronicles set. Slabbed bullion is not really my thing but if you wanna send em in for grading go for it.

If you are dead set on slabbing your coins, that's fine. In my opinion, modern commemoratives in their original packaging are a much better way to go.

First off, they are already encapsulated and protected in this packaging. Slabbed coins have passed through more hands than in an original package.

Also, any commem you get from the mint or anywhere else in its original package should appear nearly flawless or I would want my money back.

Just my opinion.... Slabbing modern commems is a waste of money.

You are correct, they come in proof and unc. It's a matter of personal preference. Unc typically have lower mintages.

I think that's a great choice. The unc will be more expensive that the proof, but you will find one.
Congrats on a cool purchase!

Not worth the gamble of getting a mint set or Proof and sending it off for grading, small chance of it grading 70.
What's why the 70 grades cost much more $$$...the 69 grade sometimes sell for less than raw coin.

I agree.

I am not interested in the grade. Honestly, I have a difficult time seeing the difference between a 69 and (what most TPGs call) a 70, but that is just me.

Thanks Penny, I actually had purchased one later that night. Still looking for a 2009 Uncirculated (not proof) Lincoln Silver Dollar in Mint Packaging though.

Thanks all!

Glad to hear you got one of them. I also prefer to have the original Mint packaging and not slab them. I personally don't think they are worth the price to buy a 70 graded slab.

They call me a cynic.

I'll agree that it's a big boy's game, but for another reason.

You want to play the 70 game, so you pick out the ten best coins out of a couple ASE rolls. Truth to tell, half the submitted coins are 69/70, so you get back five of each. Costing you $300 at $30 per coin.

APMEX Cherry picks a monster box, and sends in 100 on the bulk rate deal of $3 a coin. They've also looked at a few more coins than you, so they're likely to get 70% right.

End result:

You have five 70 and five 69, APMEX has seventy 70 and thirty 69, for the same certification cost. To start with, they have 14x as many 70 to sell.

Other "slight" advantages they have:

• They bought wholesale, you didn't.
• They're selling retail, you prolly are not
• Your 69s are worth bullion, they have enough to promote through the TV coin sellers or themselves
• They prolly have contract shipping and insurance deals you don't
• They still have outlets (like you) for the stuff they picked over