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 Replies: 36 / Views: 4,269 |
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Pillar of the Community
United States
3402 Posts |
I think I'll stick to grading my own coins and writing the grade on a 2x2 holder...too much confusion the other way. I'm not into MS coins and separating a MS 64 from a MS 65. Best I do is AU...Unc...Gem and Choice.
KK
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Valued Member
 United States
463 Posts |
But nobody online will pay full value without it being graded in a case from a 3rd party. You may not sell your coins but everything I have is for sale for the right price. But you can't get that price without it being graded and paying the ridiculous grading fees. That's the problem I'm trying to solve
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Bedrock of the Community
13014 Posts |
Quote:
But you can't get that price without it being graded and paying the ridiculous grading fees. That's the problem I'm trying to solve What is worth grading is not a ridiculous fee. If someone is submitting on a hope and a prayer it is though |
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Valued Member
United States
463 Posts |
So a nice error coin that will bring $30-50 graded won't let you break even with the grading costs and you're not going to get the premium price if it isn't graded. Basically anything that will bring less than $100 isn't worth grading in my opinion. That's a shame bc there are a lot of nice error coins out there for less than $100 graded and the only person making any money is the 3rd party grading company. In a sense, it almost makes error coins of $100 or less worthless without a slab. I have a 1959-P Washington quarter type B reverse that is a perfect example. |
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Bedrock of the Community
Australia
21788 Posts |
You have just explained perfectly why we should all learn to grade for ourselves, with coins that have a potential value of less than $100.
That can, and should extend, to coins that may have a potential value of considerably more than $100, especially if you are not selling.
TPGrading for coins with a potential value of over $100, gives the potential buyer in this category a warm fuzzy feeling, where you get the added bonus of implied authentication, and thereby increases the possibility of a sale.
Still the TPGrader has yo be on his toes to correctly authenticate any errors as well.
TPGrading outside America is less popular, but still has it's fans.
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Pillar of the Community
United States
789 Posts |
Quote:...Basically anything that will bring less than $100 isn't worth grading in my opinion. That's a shame bc there are a lot of nice error coins out there for less than $100 graded and the only person making any money is the 3rd party grading company. ... I have a 1959-P Washington quarter type B reverse that is a perfect example. There are also a lot of coins worth more than $100 that aren't worth grading. How much did you pay for the 1959-P quarter? |
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Valued Member
United States
463 Posts |
$2.85 paid for the quarter...bought for silver and paid just over melt price. I buy a lot of good quality silver dimes and quarters from several dealers to stack silver and check good condition coins for errors. I just got lucky and found the type B FS-901 error on a 1959-P in MS63ish condition (maybe better after it gets an acetone bath). But nobody online will pay its value without an expensive slab.
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Pillar of the Community
United States
789 Posts |
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I just got lucky and found the type B FS-901 error on a 1959-P in MS63ish condition ... But nobody online will pay its value without an expensive slab. So you paid $0 as far as the error is concerned. Anything you get over $2.85 is gravy to you. I don't see where your problem with TPG is. How much do you think the coin is worth? |
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Valued Member
United States
463 Posts |
Value is apparently determined by being in a TPG case. Look on ebay. They are $30-50 & higher if graded. You can find ungraded ones for around $5. So for my time, ebay fees, packaging & postage, I'll pretty much break even or lose if I could sell it for $5. It's not worth the trouble. But to pay a TPG to grade it and then sell it, the value will be higher but so will the costs and I still probably would lose money or break even at best. That's why I'm saying it's pointless to grade coins under $100 value if you are selling them online. |
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Bedrock of the Community
13014 Posts |
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Basically anything that will bring less than $100 isn't worth grading in my opinion. Not really. It's all just a math problem. It will depend on what you paid for the coin and what it is. You can make money on coins worth as low as $30 moderns that you had graded if you got the coin for face value or a dollar or two. Under $30 it gets hard to make any kind of profit. There's a lot of variables that go into it and setting hard line values for yes or no isn't a very accurate way to look at it |
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Bedrock of the Community
Australia
21788 Posts |
Nevertheless lots of collectors will have some 'rule of thumb' value level on which to base a decision to submit for grading or not.
From What I have seen so far, $100 seems to be a common value level.
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Pillar of the Community
United States
3402 Posts |
Newbie: Quote:
But nobody online will pay full value without it being graded in a case from a 3rd party. If you believe every single coin in a TPG coffin is correctly graded then you're going to have issues going forward. NEVER buy the slab...grade and buy the coin yourself. If I cannot convince someone that my coin is true to the grade I gave it, then I'll get out of this hobby. If you can't run through the areas of a coin and point out where there is and isn't wear, read a book and the re-read it. You will of course run up against ignorant people who swear by the TPG grade...nothing you can do about it. As there is now with TPG, years ago there were differences of opinion as what a coin graded. Either you take the deal or you walk away from it. If you are confident that the coin grades what you say it does, do you take a lesser price from a buyer because he disagrees and says it's one grade lower?  KK |
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Bedrock of the Community
13014 Posts |
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Nevertheless lots of collectors will have some 'rule of thumb' value level on which to base a decision to submit for grading or not.
From What I have seen so far, $100 seems to be a common value level. Absolutely most people do do that, my point was that it's a mistake to approach it that way. It's much better and more accurate to approach it with the math if you have strong grading skills in that area. Quote:You will of course run up against ignorant people who swear by the TPG grade...nothing you can do about it. And there will always be ignorant people who think their skill is equal to the TPGs. |
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Valued Member
United States
463 Posts |
I totally agree with you kk. Those slabs mean nothing to me personally bc I know what I have but it seems like a necessity these days for people who want to buy coins online since they can't examine them personally. Kinda like they think TPG's are God's or they are going by their guesstimate to make a sight unseen purchase. I was talking to another member on here who knows a guy that had a coin that would've been worth $10,000 more dollars if it graded 1 point higher so he broke the slab and sent it in multiple times until it met the grade lol |
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Valued Member
United States
463 Posts |
Bottomline...TPG's are still human. Humans make mistakes and there is no consistency with coin grading
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Replies: 36 / Views: 4,269 |
First Page
Posted 07/04/2019 6:47 pm
