| Author |
 Replies: 17 / Views: 2,386 |
|
New Member
United States
14 Posts |
|
|
|
|
Pillar of the Community
United States
3207 Posts |
There might be a gem or two in that bunch. Pics are too small to judge.
|
|
Pillar of the Community
United States
4085 Posts |
I would leave them as is. They would need to be very high grade indeed to make it worth grading them - probably need to make 67 to be worthwhile. That's a high bar. If you get comfortable grading, you could go through them and see if you have any that might make that.
|
|
Bedrock of the Community
United States
19961 Posts |
|
|
New Member
 United States
14 Posts |
Thanks for your guy's input! Do you guys think if I put them away for a while they'll appreciate in value? I have a couple pictures ill post after work. Just considering the fact they were in a roll together does that make it near impossible to find a MS-67? Also My grandfather told me that he put those coins in those rolls in the late 1960s and hasnt touched them since.
|
|
Pillar of the Community
United States
3207 Posts |
MS-67 might be on the order of 1 in 10,000 or 1 in 100,000 coins, and I'd guess you have fewer coins than that, so it's unlikely you have an MS-67. Tubing them has helped keep them red. If you save them, they'll probably track inflation.
|
|
Bedrock of the Community
United States
94367 Posts |
Makes sense to keep them, I suppose, but as many will attest, spending the dough to submit these common dates for grading is a risky and seldom productive endeavor.
|
|
Rest in Peace
United States
18456 Posts |
Do not send any of those coins in for grading unless you want to inspect every cent one by one for super high grades .  |
|
Pillar of the Community
United States
5887 Posts |
Maybe inspect them and check for varieties?
-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
|
|
Pillar of the Community
United States
3540 Posts |
Ditto with KenKat.
....and CHERISH these treasures left by your Grandfather.
|
|
Moderator
 United States
15458 Posts |
 to the CCF It is highly unlikely that any of those coins are worth the $25 - $30 it would take for a TPG submittal. You need to be the judge of that by a careful evaluation of them. I politely suggest putting them back into the tube and holding them as fond memories of your grandfather. Take a look at my other hobby ... http://www.jk-dk.art |
|
Bedrock of the Community
United States
10038 Posts |
Quote:
Or should I spend the money to get them graded? A better question is why you would want them to be graded. If you are hoping some of them would make a high enough grade to bring in a lot of profit from selling, then posting pictures of the ones you think would be the first good step so the people on here can help you know if one might make a top grade. It would cost you a fortune to get them all graded. I think the general rule of thumb is if the coin is not worth 200.00 minimum, then you are wasting money getting it graded. I do not know your experience with coins, but just want to caution uyou in case you are not aware. Since slabs are now all over on ebay, people get the idea that slabbing is an essential part of the hobby and that all great coins NEED to be slabbed. But slabbing as an OPTIONAL service and should not be viewed as a vital part of the hobby. The hobby got along for centuries without collectors needing others' opinions o0n their coins. It you like slabs and enjoy collecting them, then by all means slabbing is an option to pursue for your collection if you so desire. Hobbies are about fun. If you want to maximize profits when selling online, then a slabbed coin will bring in more money. The problem is a lot of people unknowingly are influenced by what they see online to think slabbing is just a natural thing for every collector to do. So those people lose a lot of money by paying the grading company to slab coins that will never be worth the cost of the grading/slabbing. Again - post pics of the coins you think might be candidates and ask questions on this forum. We have enough members who can give you a decent idea as to whether or not you would lose money. The other thing to remember is that slabbing is an art and not a science. The TPGS themselves will tell you this (if you read the details few people read on their websites). So a coin submitted, cracked out, and resubmitted (even to the same company) is never guaranteed the same grade again. And different TPGs will give different grades to the same coin depending on their own company standards. In other words, a graded coin is not actually the grade the slab's label says. The label tells you the opinion of the graders who were there the day your coin went through their system. Since the TPG people handle more coins than most people, their opinions are paid for by those liking slabs and those who desire maximum profits from sales. "Education is the key to collector success!" |
|
Bedrock of the Community
13014 Posts |
Quote:
The other thing to remember is that slabbing is an art and not a science. Not slabbing, grading. Quote:
So a coin submitted, cracked out, and resubmitted (even to the same company) is never guaranteed the same grade again. Of course it isn't. You cracked it out, handled it, had to ship it back in, may have changed it between being cracked ect. That said it is not a random constantly changing grade you are implying. Quote:
And different TPGs will give different grades to the same coin depending on their own company standards. There's a reason why the TPGs are considered at various prestige levels. Quote:
In other words, a graded coin is not actually the grade the slab's label says. False. Please stop misleading people or only giving them a biased half story. I was going to tell him that if he wants them graded for sentimental reasons considering where he got them go for it, but monetarily they need to be a lot higher than 62s. But then I saw this again and had to spend time correcting half truths instead. The poor OP has 5 posts and may or may not be brand new to coins and you hit him with that trying to influence him, come on. He deserves better than that just like the previous posters gave him with honest answers about valuation. |
|
Pillar of the Community
United States
4085 Posts |
Definitely keep these; it is hard to say what they will be worth in the future or how they will appreciate in value, but they are red, uncirculated, close to 50 year old coins. Plus you know where they came from.
50 years from now, you or someone you know may pull these out and say "hey, check this out" and it will be a really cool experience because they will be hundred year old coins from grandpa or great grandpa.
|
|
New Member
United States
14 Posts |
You guys are amazing, I learned a lot from everyones posts! A lot of them have minor imperfections. I have pulled out a couple I think I might post for you guys at a later date. And considering the few hands these have exchanged I think there might be a way higher chance for finding variety errors so I'm gonna keep an eye out for those. Thank you guys so much!
|
|
Bedrock of the Community
United States
10038 Posts |
@ the OP What Basebal said about getting them slabbed for sentimental reasons can also be a valid reason for slabbing/grading. I did this myself with the only 4 coins I plan on ever getting slabbed. I also did it so if Isomething happens to me, my family will know these should not just be dumped at the bank. soince they are in what my family would see as "Special holders." He is also correct that I use the terms slabbing and grading as meaning the concept of sending a coin to a TPG and getting it back. He makes the proper distinction between the two words. Grading is when the people there actually evaluate the coin's grade. Slabbing is the process of putting the coin into a plastic container. basebal is one of our CCF family who is noted here, and on other forums, as a very strong advocate of PCGS (specifically). He has shown himself to be of the opinion that grading is an essential part of the hobby by making statements such as good coins SHOULD be graded by a TPG. He enjoys the hobby from this viewpoint and that is what hobbies are about...fun and enjoyment. Now its up to you to do some homework on the subject and make up your own mind. On the one side you can read the TPG websites for themselves while keeping in mind like any business, their website is part of their marketing department's to try to "sell" the company and its services. PCGS would be a good place to start b/c it has a reputation as top tier by some collectors and their slabs bring highest prices on places like ebay. www.PCGS.com For an example of what is not all that hard to find with product in hand, here is a good place to start: http://goccf.com/t/339017#2900582And here is another post from our forum Dad, Bobby, concerning a member that we who knew him miss, BiggFredd. Bobby states at the start of the thread that the staff at CCF thought it would be a disservice if the information was not shared: http://goccf.com/t/130186 |
| |
Replies: 17 / Views: 2,386 |
Posted 02/24/2019 3:29 pm
