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 Replies: 13 / Views: 2,537 |
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New Member
United States
3 Posts |
So I have some pennys that I believe are not errors that just look new some from the 60 70 and 80s. When do you know if the coins you have you should invest for grading?
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Moderator
 United States
56855 Posts |
 to CCF. A coin has to be worth at least $150 retail to justify all costs involved in having it slabbed. John1  |
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Bedrock of the Community
Australia
21786 Posts |
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Valued Member
United States
202 Posts |
 this will help without pictures we are guessing at what you have. to CCF. |
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Bedrock of the Community
United States
94367 Posts |
Yes, please show us a few examples. to the CCF! |
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Valued Member
United States
418 Posts |
Sorry for the irrelevant post, but I have a 1993 Z  ... Convertible |
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Rest in Peace
United States
18456 Posts |
Nydia , a lot of new members are asking if their nice and shiny Lincoln Memorial pennies that they find looking through bank rolls are good enough to send in for grading . The fact is I would say 97 out of 100 are not .A common Lincoln Memorial would have to be at least MS-67 OR 68 to be worth sending in . Of cause we would still like to see photos of what you have. |
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Pillar of the Community
United States
7004 Posts |
Edited by Greasy Fingers
06/25/2019 1:41 pm
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Pillar of the Community
United States
1590 Posts |
Most coins are not. However; ANACS does run some nice deals on occasion. I've been to shows where it is $10 a coin with free shipping. At that point you really don't have to have a coin worth $150.
Case in point. I had some classic commemoratives slabbed by them at a show a year ago. It cost me $10 a coin, more or less. As an example, I had two Long Island Commems. Both were about the same grade, the raw coin sold for $60 and the slabbed coin sold for $100. Which is a net of about $30. Was it under $150? Yes. Did I make a profit? yes. That entire shipment netted me about $500. Some people might not think it worth that. But; I'll take $500 every day
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Bedrock of the Community
United States
10034 Posts |
First ask yourself why you want to get them graded. If you just like slabbed coins - great, then enjoy. If you are believing you are going to make money at finding slabbing coins, you will need to kep on going down the road you have started...learning by asking here. As is evidenced by the massive number of slabs that can be bought very inexpensively, slabbing company marketers have resulted people with little experience think slabbing is not only an essential part of the hobby, but that its easy to find/slab/sell coins for big bucks. The result is many people take a chance, pay a lot of money, and end up a 1.00 value coin in an expensive, but nice looking, plastic case. The more chance you have to make yourself accustomed to what the graders typically label a specific coin types condition to be, the more you will be able to tell if what you have is something they MIGHT label the same. I say "might" because the reality is a coin graded, broken out, and resubmitted (even to the same company) is never guaranteed the same grade again. Stick around here, ask questions, get in on the threads here like the "You vs. TPG" threads." Also look at slabbed coins or online pics until your brain has a general idea of what might be graded an MS xx vs. an MS nn. It takes awhile to learn to play their game. It won;t happen in a few weeks/months...unless you do nothing but study 24/7...and even then a grade is never guaranteed. Its a game based on subjectivity. |
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Pillar of the Community
United States
1613 Posts |
Your topic and questions pose a few responses. As Earle42 stated, is the grading for personal enjoyment or profit? If it be the former then might I suggest buying them already graded? Over the years I have bought many well below what it would cost for the services, especially when it comes to modern coins (post 1964). If for the latter then I would suggest a little research to first guage the market on what an average price would be to sell. ANACS seems to be the cheapest, figure around sixty without the coin cost. However, PCGS or NGC tend to bring a bit more for similar graded coins. Not to knock ANACS, a top grading firm, just saying. Yet those two require membership to use them. With that in mind, and diligent research, key and semi-key dates could provide for a profit.  ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
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Bedrock of the Community
United States
10982 Posts |
U.S. cents from the 1960s, 70s & 80s are almost never worth grading. If there are no errors then the coins would need to be virtually perfect and full red to even think about having them graded. You can look up what you have on ebay and see what people are asking and what some paid (completed listings). Post a couple pics if you can and perhaps we can be of more help. Good luck! |
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Bedrock of the Community
Canada
24885 Posts |
To the Forum. |
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Pillar of the Community
United States
3402 Posts |
You might want to try and pick-up a US coin reference book ( Red Book) and go through and familiarize yourself with the different denominations, grading points and mintages. This will help you move on as a collector. KK |
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Replies: 13 / Views: 2,537 |
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Posted 06/25/2019 05:33 am
