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 Replies: 11 / Views: 4,332 |
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Valued Member
United States
90 Posts |
You have to become a member and platinum costs $249/yr (which gets you 8 submissions) if you want to get graded lets say 100 modern coins in a year Thats going to cost over $1600. It seems that its cheaper to buy the coins already graded from coin dealers or ebay. What am I missing? I was thinking of buying a lot of mint and proof sets and getting the kennedy's graded but it seems it wouldn't be cost effective. Also Silver eagles. |
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Valued Member
United States
125 Posts |
Regular collectors don't have memberships. General rule of thumb from coin shop, don't send anything to be encapsulated & graded that is under $100.
Better to cherry pick already graded coins. The only explanation is that common coins are submitted en mass and bulk discounts for grading apply (assuming down to $10 or less per coin).
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Pillar of the Community
United States
7621 Posts |
I have never understood the reasoning behind getting common modern mint and proof coins slabbed. Somebody says "well, I've got a PCGS/NGC/ANACS slabbed MS69 or 70 2015 Kennedy half dollar that has a low population in the census." So, what? A modern coin may have a low population in the slabbed census because most people that own those coins (still in the government packaging) KNOW that their coins will grade high and do not want to spend their money getting their coins slabbed. No matter what the census numbers are, the quantity of high grade unslabbed modern coins is in the jillions. It is a waste of money to get that stuff slabbed. Most people know that. If you want high grade modern slabbed coins buy them on the secondary market. Let somebody else pay the stabbing fees. |
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Pillar of the Community
Australia
7096 Posts |
You forgot to add shipping costs to and from PCGS.
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Pillar of the Community
United States
4212 Posts |
I, once in a blue moon, will buy moderns from cheapslabs. I've never spend more than $10
for a piece.
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Pillar of the Community
United States
5825 Posts |
Quote:
Regular collectors don't have memberships. General rule of thumb from coin shop, don't send anything to be encapsulated & graded that is under $100. IMO the minimum should be $200 (about 10%). And that's just the Economy level. |
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Rest in Peace
United States
18456 Posts |
I would never send in a modern to any TPG . It's centsless .  |
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Pillar of the Community
 United States
4593 Posts |
A lot of the slabbed modern coins are bulk graded - which is significantly cheaper than the OPs numbers.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
5825 Posts |
Quote:
A lot of the slabbed modern coins are bulk graded - which is significantly cheaper than the OPs numbers. And cheaper yet if the submitter takes the time to cull out coins that obviously won't make -69 or -70 |
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Valued Member
 United States
90 Posts |
I like the TPG because you know its not counterfeit and years down the road I think most people are going to want them graded. it bothers me that some silver eagles get spots after they are graded. |
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CCF Advertiser
United States
1533 Posts |
Westernsky, that is terrible advice. If they buy the already slabbed modern coin, they will pay a ton of money for something essentially worthless. If you want an MS-69 to MS-70 Silver Eagle, find a perfect one and spend the $30 to send it in. Please do not spend $2,400 to buy an MS-70 first strike or whatever nonsense they are trying to sell now. Buy a Bust Dollar instead. You will have a totally different story to tell your kids in 20 years.
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Valued Member
United States
452 Posts |
The ms-70, ms-69 silver eagle craze escapes me. The raw rolls and proofs I've seen look pretty much the same. That is unless someone has taken them out of the packaging and mishandled them.
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Replies: 11 / Views: 4,332 |
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Posted 03/19/2016 3:05 pm
