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 Replies: 54 / Views: 6,521 |
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New Member
 Canada
11 Posts |
I was told about CCCS in Quebec but I wasn't sure if it was worth it or if I wanted to send it in the mail.We don't live in Ottawa, just visited for the weekend and thought about the mint but no luck there.Im not a ebay seller but maybe I'll look into that.From what you guys have to say,,its was worth rolling the jar of pennies.Thanks |
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New Member
Canada
11 Posts |
What do you guys mean by " slab it"
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Pillar of the Community
Canada
686 Posts |
Slabbing it would be getting it graded by ICCS/CCCS/PCGS/NGC/ANACS (whoever). It would be placed in a soft or hard plastic holder, the "slab".
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Pillar of the Community
Canada
686 Posts |
Jake - Are you saying he should slab it if he wants to keep it, or if he wants to sell it? P.S. you're in school in Sarnia I believe you said, where's home?
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Pillar of the Community
Canada
5324 Posts |
slabbing error coins make them legit and should in a sale garner more bidders. maybe the error market is expanding about 2 years ago at torex purchased a 1997 penny on dime planchet cccs ms 64 275.00 perfect centering.
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Pillar of the Community
Canada
1177 Posts |
ICCS does not certify slabs, please keep in mind that many Canadian coin collectors prefer ICCS slabs but because of the dilemma, CCCS does authenticate errors.
because errors don't have an exact value, knowing that an error is "EF-40 or VF-30 or AU-55" makes me:
a) confident that it is legitimate
b) more familiar with the condition.
i would spend substantially more money on a certified CCCS error coin because I know it is properly preserved.
JG86 - Home is Cambridge ON Canada :)
Edited by jakedacc
12/14/2012 12:00 am
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Pillar of the Community
Canada
2428 Posts |
Jay68, ultimately its your decision as to what you want to do with it! Why waste $50 to $100 on grading it if it only gets you back an extra $50
If I see a graded error coin for sale, that doesn't mean that I open up my wallet and fork out hundreds of extra dollars for the coin. I have been purchasing errors for quite some time and I have never let a graded coin vs a ungraded coin sway my decision as to how much extra I am about to pay for it.
Just my opinion!
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Pillar of the Community
Canada
1177 Posts |
there's tons of opinions! I'm not trying to sell you a grading job :)
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Pillar of the Community
Canada
686 Posts |
I'm on the same page as darryl - the coin being graded wouldn't affect my bid. However, it sounds as if there are some potential buyers who's wallet will open up more if the coin is graded. I guess it comes down to whether or not someone who wants it graded is willing to pay more than someone who is fine with it raw, which is a question I cannot answer. However, if I was in your shoes, knowing that this coin will almost certainly fetch $400+ (based on the fact that the previous one was bid up to over $400 when the seller ended the listing), I'd post it on ebay and run. Personally, I think these errors are way overvalued today, and I'd sell it while I can! |
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Pillar of the Community
Canada
5324 Posts |
the previous penny nickel owner expects to get 1000.00 or more for his coin and started an auction and ended mid way, its not a 1000.00 error in my opinion only, but if you have an 1000.00 error coin it better be graded. yes if you only expect 300 to 400 for this better example, do not grade it.
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Moderator
 Canada
10463 Posts |
Errors are all about the 'wow factor' - error coins as visually distinct as this example basically sell themselves. I only certify "major" errors, and they only are submitted if they have a shot of getting a MS-64+ grade (or nickel dollar errors MS-63+). In my opinion, if this error was graded MS-65 red, then it would carry a strong premium...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
2428 Posts |
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Valued Member
Canada
334 Posts |
The major benefit to grading an error in my opinion is that it makes the majority of buyers more comfortable that it is a genuine error . Mind you for those that are error collectors it wouldn't matter if it was slabbed or not . They can see whether it is good or not . You just appeal to a wider audience when graded .As far as the actual grade the coin receives , a nice ms-62 is sometimes better than a ugly ms-65  |
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New Member
Canada
11 Posts |
Thanks for all thoughts on the grading thing.I'll prob skip it just due to the cost and worry of shipping it this time of year.Is there any big coin shows coming up?(close to Woodstock)I enlarge a pic to show the only spot that looks as though its missing copper on the queens forehead and other than being off center.Not sure how the grading is done but I'd say its never been in a Gumball Machine,lol.Would it be better to hang on to this till they stop producing the penny?   |
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Pillar of the Community
Canada
695 Posts |
They have alreadystopped producing the penny. With Christmas coming up quickly, people tend to be a bit more open with their wallets this time of the year. I say list it before people see their credit card statements in January.
My 2 cents.
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Replies: 54 / Views: 6,521 |
First Page
Posted 12/13/2012 11:02 pm
