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 Replies: 11 / Views: 1,523 |
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New Member
United States
3 Posts |
I'm very new to coin collecting and don't want to find out anything the hard way. I live in Covina California and have what I think is a 1960 p( no mint mark) ms66+ penny I would like to have graded. PLEASE HELP. *** Moved by Staff to a more appropriate forum. *** |
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Moderator
 United States
56855 Posts |
 to CCF. You need to post a good photo in the grading section. John1  |
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Pillar of the Community
 United States
2843 Posts |
What makes you think it is MS66+?
Is it graded?
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Rest in Peace
United States
18456 Posts |
To CCF , if your 1960-P Lincoln ( which I'm assuming it is ) is a large date and even if you say it's a 66+ ; I wouldn't recommend you sending it in for grading . In my opinion the value of 60-P L.D won't be worth the cost to send it in .  |
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Pillar of the Community
United States
1609 Posts |
to the forum. I don't want to be a pessimist, but I doubt that your coin is MS66+, especially if it is not graded professionally. That being said, however, the closest coin shop in your general area is Glenn's Coin Shop in Downey, California. It's a 26 minute, 21 mile drive from the center of Covina. According to internet reviews, it's a good place to buy and sell(?). I'm not sure if this is what you're looking for or if this specific shop will provide it, but this is my input based on the limited info I could find online. |
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Valued Member
United States
424 Posts |
I live about 4 miles from Glenn's Coin Shop but have never been there although I've been trying to go for quite some time. It just seems that their open hours and my available time don't seem to correspond. One other thing you might want to consider is there is a monthly coin show in Anaheim the first Sunday of every month. It's just off the 91 freeway and you can get there pretty quick. The next one is Sunday, August 5th. Just google Anaheim monthly coin show for directions and times You could probably have a lot of your questions answered there. |
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Bedrock of the Community
United States
10034 Posts |
Since you are new, please realize that just b/c tons of ebay sales are slabbed cins that slabbing is an essential thing to do with a good coin. If you are gong to sell a coin on ebay, then slabbing will likely bring a better price. And if a person just enjoys slabs - then go for it. But many people end up wasting money by paying to have coins graded that willnot make the high grades they hope. So although NOT intentional by the grading companies, newbies can "get taken" by the mindset that all coins need to be graded by a company and lose a lot of money. Do post pics here in the grading section and people here can tell you what they think. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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New Member
 United States
3 Posts |
Thankyou all for your responses. I'm being hopeful of course. That's why I would like to take it into a shop. Here are a couple pictures.   |
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Rest in Peace
10197 Posts |
to the funny farm! Thanks for pix, although we may not accurately grade from them, we do pick up on points that deter from a high grade. One of these is the chatter in the right obverse field. Indicative of spending time in a transport bag this will cause a lot of coin contacts. This is indeed notable on bust, and in fields. For this 1960P large date, I would give it an MS-64+, nice enough for a collection, bit not slab worthy. Honestly, I have two rolls of these in MS-63-65s none slab worthy but quite common. Yours(OP) is actually the second slabbing question TODAY! Here's another thread and what I answered there is appripo here: http://goccf.com/t/324059Quote:
Sure "send 'er in"...you'll learn real quick why it is necessary to really learn about these things fully first. I say that facetiously, this question arises daily, with the "I'm sure it's the next winner" and grading/certifying coins.
First off, what is certification and how is it accomplished. Then, where do the candidates for certification usually come from? Next, what are the absolute minimum requirements for each grade on the scale? Let's take this last one. Grading looks at how the coin was struck and the material used. Bette strike, better grade. Then, microscopic damages are assessed. Catch that... microscopic. 6 faults per grade(3 per side averaged out). This includes micro-scratches, contact marks that will happen once coin is ejected into hopper with many brothers. If coin is circulated, just how many micro-scratches are on it? You said you got it out of change, that means it has contacts with other coins, objects and most importantly, human hands(skin oils). The possibility of a circulated coin grading higher than MS64/65 is almost nil. The cutoffs for pricing increases are are generally above the MS68 levels.
So I say, "send it in" you'll learn a big lesson you won't repeat! BTW, it costs over $$80 to send a coin in, most folks want to be assured they aren't losing money and can sell it for a "pretty penny"!
I didn't answer what the real "candidates" are for certification. Well, out of circulation is not a major one if any at all. Most coins come from US Mint and Proof Sets that have been picked over years before for just the sole purpose of finding high grade submissions. This still goes on, but, like the "unsearched rolls" fiascos, there are few if any "unsearched" mint or proof sets today, some, yes, but rare to find. AND, as coins sit in the mint cello, "things" happen called "toning" (discolorations) and further contact damages through pressures. the coins may not be the gradable levels anymore. I just upgraded my US sets from 1968-1988, in all the mint and proof sets most coins were in the MS/PF64-67 range, maybe a few 68's but a lot did fall into the MS60-62 range just because of storage problems. Nature of the beast. COIN FACTS (please note in MILLIONS)Year/ Business Strike/ Proof strike 1960/586,405,000/1,691,602 This counts BOTH large and small date issues with the small date issuses being much less, but never accurately counted. Edited by Crazyb0
07/16/2018 12:04 pm
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Moderator
United States
187702 Posts |
I edited the title and moved your topic to the appropriate forum for the proper attention.  |
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Bedrock of the Community
United States
20753 Posts |
Do not bother sending in coins with a value of less than the cost of having it graded and slabbed. |
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Rest in Peace
United States
18456 Posts |
Yes ,you have a 1960-P L.D. MS-64+ . No need to send it in .  |
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Replies: 11 / Views: 1,523 |
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Posted 07/15/2018 10:53 am
