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 Replies: 11 / Views: 1,983 |
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New Member
United States
7 Posts |
Hi everyone! I have a couple of questions I guess...first, how do you all choose which of your coins to grade? Secondly, is the PCGS membership worth the cost? And finally, is the price difference between ungraded coins and PCGS graded coins as drastic as they make out on their website? The example shown in their collectors club membership prices page shows a $1500 price difference. I'm not really looking to sell anything I have, but in the future when whatever I accumulate is passed on to my kids, this may really benefit them.
Thanks for the help!
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Pillar of the Community
United States
4901 Posts |
First  Now the questions and my opinion only: ...coin in PCGS page (1881-S Morgan PCGS MS67+)..the most recent one sold a week ago for $1474...great looking ungraded can go for $50-80...that year and Mint produced some of the finest looking MS Morgans I belong to both PCGS and NGC and have used them for MANY, MANY years but now mainly for moderns. I did do Morgans years ago but now lean towards the new stuff. Which coins to grade? Depends if you are taking moderns or older issues....big difference between buying direct from the Mint and buying older issues (like Morgans) from an unknown seller...long discussion about both is needed but it is MUCH, MUCH safer to buy older issues already graded and choose carefully (to save money) the moderns you want to submit...even then it might make more sense to buy the modern already graded and save yourself the grief. Coins sell by their condition and ungraded ones are always an unknown...?genuine..?original surfaces..?damage..?accurate untouched pictures. Graded specimens are a known item...x grade goes for x dollars Simple appropriate questions that need a lot more discussion. Edited by Foxwoods Man
11/26/2014 1:03 pm
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Moderator
 United States
188213 Posts |
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first, how do you all choose which of your coins to grade? I have never sent a coin in for grading. Unless something extreme happens to completely change my opinion, I never will. That is just how I feel. Others will disagree.  |
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Pillar of the Community
United States
656 Posts |
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I have never sent a coin in for grading.
Unless something extreme happens to completely change my opinion, I never will.
That is just how I feel. Others will disagree. +1 |
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Moderator
United States
14463 Posts |
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I have never sent a coin in for grading.
Unless something extreme happens to completely change my opinion, I never will.
That is just how I feel. Others will disagree. + 2  |
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Pillar of the Community
United States
4901 Posts |
Ok..I have to be the odd man out. I have sent in a LOT of coins, both modern and classic, for grading and have done VERY well with the ones I sent in. You just have to be very choosy with the ones you send in.
No way would I grade every coin I buy...but then again, I try not to buy crap.
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Bedrock of the Community
United States
20753 Posts |
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I have never sent a coin in for grading. Me tooooooooooooo. For me this is a hobby and just that, a hobby. Once a person starts with all that grading and values, sort of looses the fun in it all. |
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Pillar of the Community
United States
4901 Posts |
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For me this is a hobby and just that, a hobby. Once a person starts with all that grading and values, sort of looses the fun in it all. Perfect....I agree totally. My approach was different in that I was more profit orientated and accumulated coins to finance my retirement which takes one in a completely different direction...I am satisfied with my path and you should be with yours... |
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Moderator
United States
23522 Posts |
If your plan is to create an accumulation destined to provide wealth to your heirs, you owe it to them to keep them from having to become experts in order to realize that wealth. That means slabbing the proper pieces; even if PCGS is defunct then, the hobby will still remember them as reputable in this period. My arbitrary dollar value for considering a TPG is $150-ish depending on the coin. Coins of lesser value which are popularly counterfeited, and added-value varieties, should also be considered. |
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New Member
 United States
7 Posts |
Thanks for the feedback and info so far! For me this really is just a hoobby, and a new one at that! I just enjoy seeing the coins, looking at the detail and difference & the challenge of creating a set etc. also, I don't plan on ever getting rid of anything I aquire.
I guess what it ultimately comes down to is this...at some point in the future, hopefully very distant future, whatever I collect will go to my children. This is not a plan of providing wealth to them through valuable coins, just passing on a collection. Now, if none of my kids are into the collection of coins, at that point it would fall upon them to find out what was what and if anything had any value to it or not. So ultimately, if I have something in my hand that is potentially valuable, it seems like maybe I should go the extra step and get it verified, I guess I'm just overthinking things, I don't even really know at this point if anything I have has any potential value, but I'm sure that there will be pieces that do as the years go on.
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Pillar of the Community
United States
4211 Posts |
Rookie~! Well for me my interest is filling up albums. Pennies, Nickels, Dimes, Quarters Half Dollars etc so I do not buy slabbed coins unless it is a key coin. Many of my purchases have been online and I just feel better knowing that the important coins aren't counterfeit and are problem free even if it is a lower grade coin. But my latest album is a nice Dansco 7070 type set and quite a few of those coins I have purchased in a slab but will, when my coins have all been purchased break them out of their slabs and put them in the album. This set, unlike my countless others will be a much higher grade than my "average circulated" sets of the past. |
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Bedrock of the Community
United States
17884 Posts |
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If your plan is to create an accumulation destined to provide wealth to your heirs, you owe it to them to keep them from having to become experts in order to realize that wealth. Well that isn't my plan. My plan is to collect and enjoy my coins. What my heirs get for them is their problem. |
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Replies: 11 / Views: 1,983 |
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Posted 11/26/2014 12:08 pm
