How Do You Know When Its Really Worth It?

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Author	Replies: 5 / Views: 1,660
Jewlz Valued Member Canada 67 Posts	Posted 09/17/2017 05:37 am Hi There! I saw an article online where someone had a 1977 Nickel certified and it was uncirculated, they auctioned it for almost $250. Other than things like dates, for a newbie, how do you know when its really worth it to get a coin certified? I have a few error coins that I feel may be worth it but I get alot of mixed reviews, I am concerned that I may have a luck of the draw response with certification. How certain should you be in your own research before sending something off? Report this Post to the Staff

BigSilver Pillar of the Community United States 2843 Posts	Posted 09/17/2017 07:30 am The best way to be more certain of the value of your coins is to get yourself more educated. That can be done right here. Post a topic with the coin in question, share pictures, try to make them clear pictures and then sit back and wait. The knowledgeable members here will share their opinion, free of charge, and then you will know if certification is in the future of said coin. Don't be discouraged if the 1st few times you get told - nice try, but no cigar. Most newbies and seasoned collectors alike have their false alarms. Keep trying, and you will hit that jackpot. Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 09/17/2017 1:22 pm I use a limit of $200 for expected value before submitting. Other collectors and dealers have different ideas on minimum value. Of course you can make it very easy and just buy what you like already encapsulated. Report this Post to the Staff
Jewlz Valued Member Canada 67 Posts	Posted 09/17/2017 2:55 pm Thank you very much. I appreciate the advice about posting it on the forum, as well as your personal guidelines moxking :) Report this Post to the Staff
BStrauss3 Pillar of the Community United States 4591 Posts	Posted 09/17/2017 3:18 pm The rule of thumb is that the value certified needs to be sufficiently above the value raw to at least pay for the cost of slabbing. -----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/ Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 09/17/2017 4:25 pm The whole point of this hobby is to strive for the level of knowledge necessary to make those decisions on your own. You have chosen a more difficult and arcane path with uncommon errors; in many cases there simply isn't enough record - or too few people who actually know about the error - to determine appropriate valuation. Report this Post to the Staff
	Replies: 5 / Views: 1,660

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