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Replies: 13 / Views: 2,083 |
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New Member
Canada
21 Posts |
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Moderator
 United States
56855 Posts |
To justify all costs involved a coin needs a retail value after slabbing of at least $150. John1 
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Bedrock of the Community
United States
94367 Posts |
nice-looking examples but I doubt they're worth submitting.
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Rest in Peace
United States
18456 Posts |
Not grading material . 
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New Member
 Canada
21 Posts |
Could someone on this thread post a few pictures of what a coin worth grading look like cuz even under a microscope I have some that barely have bump or Nick or any marks. Really fin oes and no many of those either. I am beginning to feel very frustrated and a lot like I haven't a clue what to look for or what I'm looking at aside from it being a penny. My bf and daughter already think I'm crazy cuz I hunt through them. If someone could please help me out with a few pics I would appreciate it. Thank to all.
Also, what is wrong with these?!?!
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Pillar of the Community
 Canada
5394 Posts |
In answer to your question , there is nothing wrong with these . They simply are not worth the cost of grading . There is literally bucket loads of common mint state one Cent Coins available. To help ease your frustrations , do this . Take the 50 to a hundred dollars you were thinking of throwing away on grading and get educated in the hobby , buy some numismatic books . Go to a coin club , join a numismatic fraternity, visit a coin show. You will get out of this hobby exactly what you put into it .
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Pillar of the Community
United States
8137 Posts |
Quote: Could someone on this thread post a few pictures of what a coin worth grading look like  I know its not a Lincoln Cent, but this is an example of a coin that's worth grading. It's worth several hundred dollars, and they are very hard to find in this condition. In addition, there are hundreds of fake Seated Liberty dollars out there, so even lower grade examples are often slabbed to confirm authenticity. In general, a coin needs to be worth $200 or more to considered for grading. Hope this helps!
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Moderator
 United States
56855 Posts |
Lkayre, You will need to learn how to grade coins. On modern coins the grade has to be MS67 or higher in most cases. Here is a link on grading. There is nothing wrong with the coins you posted,accept that they do not grade high enough. https://www.PCGS.com/Photograde/#/Lincoln/GradesJohn1 
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Rest in Peace
United States
18456 Posts |
 with john1 , PCGS.com/photograde will give you a good idea . Look for MS-67 and MS-68 in the coins you would like to send in for grading . 
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Pillar of the Community
United States
4085 Posts |
Newer coins have to be absolutely immaculate to make a high enough grade to make sending them in to PCGS, NGC, etc. worthwhile. These are nice uncirculated cents but there were billions of these made so the bar is very high.
Based on your pictures:
The 1984 has what looks like a fingerprint at 7 o'clock, staining on Lincoln's jacket and bubbles to the right of his face.
The 1990 has something going on with the "In" and spotting under "God".
The 1987 has staining under the date and what looks like a finger print near Liberty.
The 1988 has a gouge across "In", a small hit near Lincoln's eye, a spot under "God" and light spotting on Lincoln's shoulder and to the right of his face.
All these very minor things hold the coins back to more middle 63-64 type grades.
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Bedrock of the Community
United States
19948 Posts |
They look like nice but only slightly above average coins. Agree with Ken here.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
Canada
5239 Posts |
@Lkayre, I wondering why you want to send them to TPG to be slabbed? Did you get them for very little and hope to sell them for quite a lot? There is nothing wrong with this, but you have a the potential to lose a lot. Consider how much the MS 68 + grades actually sell for and how rapidly they sell. It is even more expensive if you are in Canada due to the high shipping costs back and forth, plus most of your market would be in the US. The market for high grade modern US cents is quite low in Canada.
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Bedrock of the Community
United States
10038 Posts |
Many newbies are shocked to find the reality that if you send in a coin and it comes back (let's say) MS65, you break the coin out of the slab, and without altering it in any way you resubmit it, it may come back a totally different, higher or lower grade. This may happen even if you submit it to the same company. Grading is subjective and is not verifiable (except for when they verify a coin as genuine - also not hard to do). The value of an MS65 slabbed coin is in the printing on the label. Its not in the coin. B/c, again, break it out and resubmit it, and it could be an MS64 etc. and so "lost" some value. If someone enjoys slabbed coins for what they are - coin+slab+label - this is a fun way to approach the hobby. Just be aware that grading is no science whatsoever. Read this link for things shown on this forum where there are some major oroblems with how the marketers sell their grading companies: http://goccf.com/t/346174#2967242Here is another link from a now passed on, but respected member of this forum: http://goccf.com/t/130186There are some who would fight to the end defending these companies. But the facts are undeniable as to just how "expert" these companies should be seen as. Having said that these companies have added a lot of other useful information and records to the hobby. They also make it easier to maximize profits for people who want to sell coins b/c the masses tend to buy the slab and not the coin. So having a good coin slabbed and then putting it in an online auction will add profits to the seller. The companies are by no means full of "bad people." They are a business that exists to make themselves look as good as they can in order to sell product. Its just as with everything else in life, the facts need to be studied so you don't end up wasting your hard earned money by lining their pockets with it. Learn to grade - a great place to start is with handling coins, and by looking at threads on this forum such as "you vs. PCGS" etc. A former president of PCGS has made the statement that anyone can learn to grade, it just takes experience. In other words, there is no magic involved. The experts here on this forum in grading are just as good as any employed by the companies...as is proved by the consistency with which they can guess which grade a company ut on a slab in those "You vs. PCGS" threads. BTW - interesting note. Not all companies grade according to the same plan either. People in the hobby know which companies will assign a better grade to a certain type of coin ad so they play this game also.
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
Edited by Earle42 02/01/2020 9:36 pm
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New Member
 Canada
21 Posts |
I should have read this before posting my new post... Ok but when I go to PGCS website, they list modern pennies in a high MS ... let's say a MS 68 for a 2007 penny...as 1300.00. So I'm confused now. 
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Replies: 13 / Views: 2,083 |
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