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Choosing To Grade

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j_h_s's Avatar
United States
1934 Posts
 Posted 03/08/2008  09:49 am Show Profile   Bookmark this topic Add j_h_s to your friends list Get a Link to this Message Number of Subscribers
Alright, thennnnnnnnnnnnnnnnnnnnnnnnnnnn (Carl on Sling Blade).

Question.

Recently we saw a 1951 P cent graded at MS66. PCGS's inflated guide says that coin's worth $300. Let's pretend it's worth half that.

At what point do you reckon is critical mass cost-efficiency for getting coins graded? If I have fifty early wheat cents, each that would easily grade MS65 to 66, do I go to the expense of getting them graded? If yes; then they're graded. Now, what about the demand for the coin in this condition? What about the sale value?

Even if all these Wheats were only worth $50 each at MS65/66, is it really worth getting them all graded?

Jim




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mvc's Avatar
United States
138 Posts
 Posted 03/08/2008  11:04 am  Show Profile   Bookmark this reply Add mvc to your friends list Get a Link to this Reply
Good question. First, let me say that it was my 1951 P you are speaking about. I got the coin because I was sure it would get MS66 or better. If I put that coin on ebay without getting slabbed I bet I would not have gotten $10 for it. I got it slabbed and got much more so that was certainly worth it. I also had a few other dates that I thought would grade MS66 that did not. They graded MS65 and I will be lucky to break even on those. Taking that "inflated" PCGS price guide into consideration, most wheats from the 40's and 50's would have to grade MS66 or better to make it worth it. Some would have to grade MS67. So.that's my opinion
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/08/2008  12:05 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
I guess the question that has to be asked is, "What are you going to do with it?"

If you're planning resale, I'd say that you pick an arbitrary risk point where a slab in the grade you guess would net you a profit over the cost of acquiring the coin and getting it graded. The risk point is going to be relative to your ability to figure the grade you'll receive.

For me, pretty much anything I believe to be worth, say, $250 or more warrants a slab.
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j_h_s's Avatar
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1934 Posts
 Posted 03/09/2008  1:39 pm  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
Thank you both.
Jim
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