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Replies: 9 / Views: 1,343 |
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Valued Member
United States
181 Posts |
was wondering what people opinions are about having the bonus coins from 2019 mint sets and this years nickels graded/slabbed. It never seems worth it to me unless it's worth a significant amount, but was thinking it might be worth the gamble with these? Idk. Edited by Hermz 05/03/2020 7:56 pm
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Pillar of the Community
Canada
5239 Posts |
Just do a cost benefit analysis:
1. What would be cost of slabbing? 2. What are the odds of you getting the grade you want? 3. What would the newly slabbed product sell for?
If 1 is less than 2 times 3, it is worth it.
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Valued Member
 United States
181 Posts |
Thanks oriole. Only thing I can think of is that they're so new still I don't know what the market would be for them really. And I know PCGS offers they're membership with 4 entries but still pretty expensive by the end. I have seen some of the pennies on ebay for close to $100 but haven't searched on the nickels yet. I am too new to decide on how a coin will grade. I try comparing to photo grade with coins for practice.
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Pillar of the Community
Canada
5239 Posts |
@Hermz, my understanding is that it is only the really high grades that can sell for the big bucks, but that is because they rarely are graded that high.
So my suspicion is that you will have low odds of getting a good grade and may just be wasting your money.
Once you are more comfortable with grading and better know what the market is, your odds may improve.
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Valued Member
United States
117 Posts |
There are far wiser to answer than I. I do believe that a better way to learn how to grade a coin is to search the archives on Heritage Auction web site. You can see coins that have sold and at what grade. It is not as easy as the PCGS photograde but more specific to the coin you are looking to buy, sell or hold on to. I think there is software out there to help with grading. Perhaps someone can post their experience with it. Lastly, any penny minted of 95% zinc is not going to look pretty after a number of years in circulation. If you can obtain high grade (MS-67 and above) coins to be graded, they will be scare by virtue of the circulated coins will look and grade poorly in the years to come. Personally I am obtaining uncirculated nickels to have graded. I buy a $100 box from the bank (loomis $2 roll with 40 nickels) Who knows but that by doing so after looking at 2000 nickels, I may get good at grading. Everyone starts at bad. You have to start something to be bad at it. After awhile, you will go from bad to OK, Ok to pretty good, pretty good to very good and if you desire you might become great. The difference will pay rewards that will last a lifetime. When you are done with the box of nickels, you can turn them in at coinstar (select a gift card like Amazon and there is no fee) You can still buy mint sets to search for coins to grade, however the costs are far greater. Lastly when you decide to submit you first coins to be graded, go small. Make sure you take quality photos before sending and indicate what they should grade at. Hopefully you get surprised to the upside.
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Bedrock of the Community
 United States
12816 Posts |
@Hermz, it depends on what your goals are. If you want a 70 for your personal collection, you're probably better off buying an already-graded example. Sure it will cost a lot more but someone else took the risk and probably submitted several dozen and paid the fees for all of those (at bulk submission rates, of course). It would cost you a lot more if you were gambling on a 70 of your own submission. By the way, you could have added just a few words to your title... "Worth It to Grade 2020 Mint Set Bonus Coins?" 9 words, yours is 8.  Either way let us know what you decide to do.
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Valued Member
 United States
181 Posts |
Fair points everyone has provided, might be easier to have a coin shop appraise first to see or like you said Celtic, it would probably be cheaper to find them already graded which is another thing I was thinking about towards my decision. If it would cost more to just buy them then it would be worth it but not the other way around.
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Bedrock of the Community
 United States
12816 Posts |
Good title change.  So, what is your goal, if you'd care to share? Slabbed coins for your personal collection? Stocking stuffers? It doesn't sound like you're planning on reselling from what I've read into your comments.
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Valued Member
 United States
181 Posts |
Was a good suggest  My personal collection is my goal for now, then eventually sell extra or gift extra slabs/mint sets when I have no more room haha I'm only about a year into buying mint sets (2019/2020)and just started looking into perfect grade coins or 69 graded coins by PCGS. And for mint sets I've been going for proof over ms sets but will eventually try for a complete proof and ms sets when I can. Then of course I still mainly CRH for everything else error wise. There's just too many to focus on one but in a nutshell this is all I've been going for besides collecting silvers I might find CRH. For me it's a very relaxing to "hunt" the wild for errors or other things that might not be discovered yet.
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Valued Member
United States
425 Posts |
I would not spend the significant amount of money it would take to grade the two samples I have of each of the 2019 Lincoln cents and 2020 Jefferson nickels I have. They remain in the original packaging. I have not bought a graded coin newer than 1941, with exception of a proof set of coins of the year I was born.
Edited by Erscolo 05/05/2020 11:45 am
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Replies: 9 / Views: 1,343 |
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