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 Replies: 15 / Views: 2,013 |
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New Member
United States
11 Posts |
I have the 2016 through 2018 Silver Proof Sets all in original packaging. I am unsure if the coins are more valuable as-is in the Mint cases or sent to NGC for individual grading. I see the pros and cons of both directions but felt that it was worth a shot to solicit the wider cadre of experts before I make a final decision. Thank you in advance for weighing in on this subject.
*** Moved by Staff moved to a more appropriate forum. ***
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Pillar of the Community
United States
1277 Posts |
I don't see any value in grading moderns
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Pillar of the Community
United States
3323 Posts |
I agree with Machines viewpoint. Unless there is a special interest in one or more of the items, you would be hard pressed to recoup your investment.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Pillar of the Community
United States
2023 Posts |
The main thing that occurs to me is that the slabs might provide better protection than the Mint cases. Those are pretty flimsy and a few coins in my earlier sets have developed a haze around the rim. I didn't exactly do a great job protecting them in storage when I got them years ago, and being moderns they aren't worth all that much anyway.
Just throwing this out there, for all it's worth. (Probably not much.)
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Bedrock of the Community
13014 Posts |
They're more valuable graded, BUT you would need to get 70's AND even them some of them like the dime wouldn't cover the cost of grading in an NGC slab. It very well could be cheaper for you to just buy some already graded for those items
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Bedrock of the Community
United States
10034 Posts |
If concerned about storage, Air-tite containers would be a whole lot less expensive than sending them off to be slabbed.
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Rest in Peace
10197 Posts |
Well, you could always send one set in, pay the bill and then decide. You would indeed find out the uselessness of the endeavor when a coin slabbed as MS62 comes back which will NEVER recoup a price, ever.
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Bedrock of the Community
 United States
12819 Posts |
Quote:
It very well could be cheaper for you to just buy some already graded for those items Very true. Edited by CelticKnot
08/02/2018 12:14 am
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Pillar of the Community
United States
2023 Posts |
See, I told you my "slab for storage" comment wouldn't be worth much. Quote:
It very well could be cheaper for you to just buy some already graded for those items  |
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New Member
 United States
11 Posts |
Wow. I am surprised but grateful for the responses. I was expecting that the majority would vote in favor of grading and slabbing since the certification process would generally validate the heritage of the coin. Value wise I understand that the grading cost would be hard to recoup. My intention was to give my collection to my grandson in about 15 years. With everything graded the question of value at that time would be easier to ascertain. Perhaps I need to rethink this endeavor. Since most of the coins in my collection are silver or gold I have always felt that grading would maintain the value into the future and make it easier to sell off when desired.
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Pillar of the Community
United States
2023 Posts |
Slabbing the gold coins might still be worthwhile, for authentication purposes if not the grade. If those are bulk handled bullion pieces, they're going to retain their metal value but not much more (unless they're key dates) and many dealers should be able to authenticate their metal content. If they're proof, still in their OGP, and/or in exceptional condition, slabbing would provide that authentication and protect their condition, and they might retain numismatic value. Some dealers would still pay only spot even for slabbed coins but they would be easier to sell directly to other collectors wary of counterfeit bullion.
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Pillar of the Community
United States
4901 Posts |
If you believe it is worth $200+ (2017-18, $260+ for the '16))to protect a $48-50 set then go for it.
I don't...as previously mentioned grading coins yourself is for special limited edition issues. Most times it's cheaper just to buy them graded if that's your bag
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Moderator
 United States
188213 Posts |
For me getting modern proofs graded only makes sense when done in volume, hoping to get enough of them to grade PR70 to pay for the effort.
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Bedrock of the Community
13014 Posts |
Quote:
I was expecting that the majority would vote in favor of grading and slabbing since the certification process would generally validate the Heritage of the coin. Value wise I understand that the grading cost would be hard to recoup. My intention was to give my collection to my grandson in about 15 years. With everything graded the question of value at that time would be easier to ascertain. A lot of the responses is based on the financial aspect of the specific things that you had asked about. In general you're right, it's just that with a lot of things like these silver proof sets there are sent in in bulk by big submitters and there is no shortage of graded examples already in the market place for very reasonable prices with some even under the normal cost of grading. If these sets have sentimental value by all means go for it, financial aspects don't matter in those cases. If they don't those for the silver proof sets especially the recent ones it would be cheaper to buy them already graded which would accomplish your same goal for a lower cost. Quote:
Since most of the coins in my collection are silver or gold I have always felt that grading would maintain the value into the future and make it easier to sell off when desired. It all depends on what it is, classic coins are completely different just as the gold and silver is a different answer. With all the fake gold graded gold is more liquid as a lot of people are uncomfortable buying raw gold especially online Quote:
For me getting modern proofs graded only makes sense when done in volume, hoping to get enough of them to grade PR70 to pay for the effort. Exactly, that's about the only way to make it work financially on most of these issues. |
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Moderator
United States
188213 Posts |
Quote:
it's just that with a lot of things like these silver proof sets there are sent in in bulk by big submitters and there is no shortage of graded examples already in the market place for very reasonable prices with some even under the normal cost of grading. True. It is the same with (the relatively modern) Eisenhower dollars I have been buying. For several of them I paid less than it would have cost to have them graded. I let someone else take the hit and saved on the time going through the process. Choices are plenty out there. Quote:
If these sets have sentimental value by all means go for it, financial aspects don't matter in those cases. Also true.  |
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New Member
United States
11 Posts |
Thank you BASEBAL21 for the succinct and well focused answer; it helps me, with limited experience, to rethink the process. At the moment all of my coins are graded and slab encased. About half were purchased that way at very low-cost ($5 - $10 each) the rest were graded over time. It is not that I wanted to waste money by grading coins that had low resale value, but rather I wanted to preserve the coins collection for the grandkids. It would be easier for them to ignore the collector intrinsic value of the coins if they were loose. Most coins in the collection from 1950 - present day are all MS65 through PF70. The earlier coins are graded AU58 to PF65. In my mind, grading would at least prevent arguments over authenticity.
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Replies: 15 / Views: 2,013 |
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Posted 08/01/2018 7:36 pm
