Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
300,000 items to help build your collection! Join Thousands of Coin, Bullion, & Money Collectors Vancouvers #1 Coin and Paper Money Dealer Specializing in Modern Numismatics Royal Estate Auctions - $1 Coin AuctionsRoyal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Coin, Banknote and Medal Collectors's Online Mall








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Graded Perth Lunar Coins?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 0 / Views: 980Next Topic  
Valued Member

United States
477 Posts
 Posted 07/26/2016  7:25 pm Show Profile   Bookmark this topic Add greenprint to your friends list Get a Link to this Message Number of Subscribers
I was thinking of maybe getting the roster coming out soon and sending them in to get graded.

So I know that the general consensus with the community that graded bullion coins is . I generally agree that the majority of bullion coins, if bought first handed, are of very good quality, and that the majority of them are MS-69 or MS-70. I read some where once that the US mint would consider a MS-68 silver eagle a poor strike. So a MS-70 or MS-69 american silver eagle isn't much when the majority of them are! But then there's the argument that over time and multiple owners the amount won't go up.

What of the first strike early release Perth Mint lunars? I see the first strike/early release coins as a sort of gimmick. The designations by third party graders doesn't describe a physical attribute of the coin itself. You can't tell a early release vs not a early release if both coins are ungraded. It's the whole idea of buy the coin and not the label. And if the value of a coin increases just by the label than perhaps it's a scam. But I like the idea of freezing a designation. Meaning that after a month no more first strikes can be issued so it keeps the population for the variant down.

However looking at PCGS website it costs $250 to become a member to get eight free graded vouchers. Than $18 a pop for first strike designation

$250 + $18(8) = 394

$26.95 return shipping for eight coins if value is under 1,000
Might as well add another 20 for shipping there

394+26.95+20 = 440.95

divide that by eight coins and I have a charge of $55.12 on each lunar series Perth Mint roster coin that I would need to recover as profit when I go to sell the coin.

If I buy a 1 oz coin for 28 bucks or so when it first comes out, I would have to sell it for over $80 just to break even...

It doesn't really seem like a good idea to me?

What are your thoughts on graded Perth Mint lunar coins and first strike designated Perth Mint lunar coins?

Not to mention many people say grading modern coins is lol.
Edited by greenprint
07/26/2016 7:34 pm
  Previous TopicReplies: 0 / Views: 980Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.19 seconds to rattle this change. Forums