Need Advice - Coin Community Forum

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Author	Replies: 4 / Views: 959
back1234 New Member United States 24 Posts	Posted 08/05/2013 8:43 pm Hello there, I went to a local coin dealer, to sell some of my coins to keep myself afloat. They said that they buy the coin based on the silver that's in the coin instead of the value of the coin. They said that I would get much more money that way. One of the coins that I have is a 1976 S Kennedy half dollar. They gave me a 2004 Red Book as a guideline( I know that it's outdated but it gives me a feel for what value it would be) and according to the Red Book, the value is at 5$. However according to PCGS website, it can be valued up to 7,500. Why there is such a difference between those two sources? Need advice and help with figuring out the right price guideline. Thanks in advance Report this Post to the Staff

publius Pillar of the Community United States 807 Posts	Posted 08/05/2013 8:58 pm The price you saw was for a coin graded "MS-69". What that means is "absolutely perfect, newer than new". If it were the first strike from the dies, taken out of the minting machine with kid gloves & put into a velvet bag, thence into a climate-controlled safe-deposit box, it might have a 25% chance of grading that after 30+ years. In "MS-60", which is the lowest "uncirculated" grade of preservation, PCGS lists it at $6, but that is for a coin stuck in one of their slabs, so there's a premium attached for the price of grading. Report this Post to the Staff
back1234 New Member United States 24 Posts	Posted 08/05/2013 9:19 pm Then what would this ranked as? A rough estimate will do :-) Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 08/05/2013 9:56 pm Id personally be comfortable selling that one for melt. Theres some spotting on it and it looks like a couple lines/bag marks that will keep that one from being a 7500 dollar coin if you had it graded. Youre going to eat up any gained value and then some having a single coin graded any way with the fees costing you more money than it would make you. 68 is the magic grade you need for those to really be worth grading it on its own and from the pictures I dont see that either. Report this Post to the Staff
CoinDan98 Pillar of the Community United States 1053 Posts	Posted 08/07/2013 2:35 pm good observation. Report this Post to the Staff
	Replies: 4 / Views: 959

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