Should I Grade Two 2006 Gold Buffalo's & 1 $50.00 Eagle ?

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Author	Replies: 6 / Views: 1,440
eaglefoot Pillar of the Community United States 6326 Posts	Posted 01/09/2008 4:48 pm First off.......I've never sent a coin away to be graded before. I've never bought any "slabbed coins". I do know of the top three grading companies though. I think I have some given to me in years past. I have plenty that might need to be graded and sealed for prosperity. 1885 CC Morgan (VERY nice condition, my Dad had it in a vault for 30 years too) two-2006 $50.00 Gold Buffalo's (proof) one-2006 $50.00 Gold Eagle (proof) My "old" coins in the 1800's.......well...there's quite a bit that would go into the $100.00-$300.00 (I went on a "Large Cent" kick too) But you know.......just my Morgans (cc mints) alone may warrant this......I don't know What kind of cost is involved ! Insurance cost ! Shipping & handling ! The fee ! Advice ? I know that professionally "Slabbed & Graded" is the sought after target, but I just haven't sent any off and really don't want to if it's expensive. And I've bought other peoples coins who never bothered as well......at "coin" auctions (slabbed & Graded) is really expensive too.....at "estate" auctions...not so much. I've got a hard time with the notion of sending my "precious babies" off in the mail.......insurance or not !! Report this Post to the Staff

eaglefoot Pillar of the Community United States 6326 Posts	Posted 01/09/2008 5:07 pm Kk.....it's been a few minutes .......and no one is jumping to reply to this one ! And now I have to leave the office for the day.....I'll be interested in reading varied opinions on what to do here............ Thurday morning ! Report this Post to the Staff
ChristinaM Pillar of the Community United States 547 Posts	Posted 01/09/2008 5:18 pm With NGC & PCGS you need memberships to submit coins to them. They run from about $99 a year - but you do get free submissions with the membership fee. I don't know what is going with ANACS right now since they were apparently bought. It can cost anywhere from $16 and up depending on the turnaround time that you choose. You may want to check out these websites to decide which is best for you. http://www.ngccoin.com/services/services.asp http://www.pcgs.com/join/index.chtml As for which to slab, that is a matter of personal opinion. From the coins that you have listed above, I probaly would only send the CC Morgans or the Large Cents if they are either a rare date or in decent condition. Personally I wouldn't bother with the modern gold..someone else may have a different opinion however. The other option is hold on to them raw and spend the money that you would have spent on grading on more coins Report this Post to the Staff
1sikevo Pillar of the Community United States 1130 Posts	Posted 01/09/2008 6:06 pm Just my opinion. Bullion coins don't need to be slabbed unless they are rare. You won't recoup the cost of doing them. Also, if you come back with anything less than a MS/PR 69, then you are better off selling them raw. Shipping, insurance and the cost of grading will run about $30-35 each, more for pre-1933 gold coins. Personally, I would not pay more than a few dollars over a raw coin for bullion. Report this Post to the Staff
MountainXBGL Valued Member United States 140 Posts	Posted 01/09/2008 6:26 pm I have never really understood the push to slab coins. I can understand slabbling a coin that "validates" the coin....not so much the grade but a variety or possible counterfeit coin. The preservation side is a good point but slabbing doesn't do anything that a good airtight doesn't do. Why spend the money involved just so they can tell you what you already know? Report this Post to the Staff
eaglefoot Pillar of the Community United States 6326 Posts	Posted 01/10/2008 08:58 am I have too many Morgans and Indian Head Pennies to put into 2x2's, but that's basically what I've been doing with my coins so far. Then I put them into a 3 ring binder with the plastic mylars. The binder book is soooo heavy right now !! I know the 2x2's are NOT air-tight and that's a good point. So I've wasted a lot of time and effort putting coins in those. I guess I'll just buy a bunch of air-tights for everything and document them carefully on something else to identify them (year, mintmark, etc.) I figured to have a 3 ring binder of Morgans a binder book of Buffalo nickels a binder book of Indian Heads a binder book of Large Cents a binder book of Shield nickels a binder book of Peace dollars a binder book of Mercury dimes a binder book of various coins I have thousands of Wheat Heads.....too many to organize like that (one book 1909-1971 is enough for me) I will also get the Dansco albums for sequential dates and such, but I have a lot of the same dates of things too So, I guess "Slabbed & Graded" to me just doesn't fit with what I want then really. I don't find the "plastic cards" that they come in very attractive at all........in fact I HATE THE WAY THEY LOOK ! But, I've heard that only 1 in 1,000 "proof" coins will be "pr70 deep cameo". So, I thought, well what if one of my "modern golds or silvers" could get that grading ? They are purrrty !! I know the grading would eliminate any arguements on what an old coin is worth or key dates.......but I don't want to EVER sell anything........ someone in my family will have this collection 234 years from now I hope......so, in that sense is it smart to catalog, identify, "through a professionally graded coin company" ? (i realize about lower grade stuff) Report this Post to the Staff
eaglefoot Pillar of the Community United States 6326 Posts	Posted 01/10/2008 2:00 pm Cheese & Rice I'm long winded !! Report this Post to the Staff
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