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Why Would Anyone Send This Coin In For Grading?

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doubleeagle59's Avatar
Canada
2495 Posts
 Posted 08/17/2016  07:47 am Show Profile   Bookmark this topic Add doubleeagle59 to your friends list Get a Link to this Message Number of Subscribers
I can understand if you thought it may get an ms65 or higher, but with that 'scarface' gash across the face, who in their right mind would pay for grading?

It graded ms63 at NGC (1963 50c).

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kanga's Avatar
United States
5825 Posts
 Posted 08/17/2016  08:35 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
Meant something special to someone?
Valued Member
Canada
206 Posts
 Posted 08/17/2016  10:38 am  Show Profile   Bookmark this reply Add OttawaVoyageur to your friends list Get a Link to this Reply
That would be my guess too. Sentimental value. Slabbed for protection.
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jdiablo30's Avatar
United States
946 Posts
 Posted 08/17/2016  11:23 am  Show Profile   Bookmark this reply Add jdiablo30 to your friends list Get a Link to this Reply
Probably needed to fill a certain amount of coins for the order. He had 9 and this was a 10th one needed for a promotion or something ,or sentimental value
Valued Member
Canada
234 Posts
 Posted 08/17/2016  1:57 pm  Show Profile   Bookmark this reply Add SolarPenny to your friends list Get a Link to this Reply
It does make you wonder sometimes. I have a few of those kicking around as well. All ICCS. I think my favourite is the AU-50 graded 2011 Orca quarter with a book value of $0.25.

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Pacificoin's Avatar
Canada
5394 Posts
 Posted 08/17/2016  2:06 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Probably part of a large dealer bulk submission. Sent in a whole roll or rolls to be graded.
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Canada
5589 Posts
 Posted 08/17/2016  3:15 pm  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
Why would anyone send ANY 1963 50 cent in to a TPG? The thing is that many new collectors seem to think that you have to send every coin in to a TPG to get a grade for the collection. I guess people just don't know how to grade any more to fill in holes. And how that coin could get a 63 is beyond me.
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Canada
1461 Posts
 Posted 08/17/2016  6:25 pm  Show Profile   Bookmark this reply Add TheCoinHunter to your friends list Get a Link to this Reply
I would guess it got a 63 because those "scars" were deemed to be bag marks. As far as grading everything, from an online dealer perspective (and although many people still buy "the coin"), it sets a relative price base for what we sell. That along with decent pictures makes the transactions more secure for many people. Also, I recently sent a mint (bank) roll of 1966 50 cent pieces to ICCS. The breakdown was 1 x 63, 13 x 64, 4 x 65, 2 x 66 with a few cam and ucam thrown in. I would never be able to materialize MS65/66 pricing trying to sell these coins raw online. Very few collectors could fairly distinguish a 65 from a 66 in an online picture. Sometimes coins are sent it just because someone is doing a run (although probably not in this case). I would say no different than collectors doing registry sets.
Edited by TheCoinHunter
08/17/2016 6:27 pm
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Coinfrog's Avatar
United States
94367 Posts
 Posted 08/17/2016  6:59 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
CoinHunter - Great input. So how are the results of the '66 roll working out for you financially?
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GR58's Avatar
United States
11951 Posts
 Posted 08/17/2016  7:26 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Wow ... Why that coin was sent in ... Can only be a guess ..

I live in a small town in Florida ... and I can find a better grade
1963 quarter than that.
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Omegaraptor's Avatar
United States
321 Posts
 Posted 08/17/2016  8:34 pm  Show Profile   Bookmark this reply Add Omegaraptor to your friends list Get a Link to this Reply
I'm going to say it got a 63 because of the cloudiness on the lower part of the obverse.

I've seen a 1953 US nickel in F-12 slabbed before.
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Wade's Avatar
Canada
2781 Posts
 Posted 08/18/2016  12:09 am  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
not sure what's worse,

the person who sent it in or the person who actually slabbed it instead of body bagging it.



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SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 08/18/2016  4:35 pm  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
I agree with jdiablo30 probably need to make up a total..

@ GR58, it's a fifty cents not .25

I just sent in my 10 notes on BCS summer special and had to send in a couple just to make the deal they had on.
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Canada
1461 Posts
 Posted 08/20/2016  12:10 pm  Show Profile   Bookmark this reply Add TheCoinHunter to your friends list Get a Link to this Reply

Quote:
CoinHunter - Great input. So how are the results of the '66 roll working out for you financially?


The 63s and 64s are bullion (essentially a write off). The 65s sell in the $50 range and the two 66s unknown but I would think in this market around 30%-40% of coinsandcanada estimates. Initial investment included grading was around $240.00 so in this case I'm ahead of the game. However disassembling common date original silver rolls is always risky and doesn't always work out.
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