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Is It Worth It To Sent My 2019 W Penny To A TPG?

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That Coin Dude's Avatar
United States
1427 Posts
 Posted 01/17/2021  11:07 pm Show Profile   Bookmark this topic Add That Coin Dude to your friends list Get a Link to this Message Number of Subscribers
I know this probably was discussed at one point, but I have a Proof W penny from my 2019 Proof set and have heard mixed opinions. Should I get it graded? Still originally sealed and handled with extreme care.
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MOS0239's Avatar
1110 Posts
 Posted 01/17/2021  11:22 pm  Show Profile   Bookmark this reply Add MOS0239 to your friends list Get a Link to this Reply
Only if it comes back MS70.
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Rothery's Avatar
2145 Posts
 Posted 01/17/2021  11:31 pm  Show Profile   Bookmark this reply Add Rothery to your friends list Get a Link to this Reply

Quote:
Only if it comes back MS70

True - On ebay PCGS MS 70's are around $100 and go higher, while 69's are $15 - $20
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Greasy Fingers's Avatar
United States
7008 Posts
 Posted 01/17/2021  11:48 pm  Show Profile   Bookmark this reply Add Greasy Fingers to your friends list Get a Link to this Reply
...Picked-up a MS-69RD ( ebay) for $14.50 free shipping
Edited: NGC
Edited by Greasy Fingers
01/18/2021 12:19 am
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oriole's Avatar
Canada
5239 Posts
 Posted 01/18/2021  02:07 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
My understanding is that the odds of this coin making MS70 are 20% at most.

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John1's Avatar
United States
56855 Posts
 Posted 01/18/2021  04:32 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
TCDs' coin is a proof, but still need to grade a 70 or it is not worth the expense to send it in.
John1
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T-BOP's Avatar
United States
18456 Posts
 Posted 01/18/2021  07:55 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
I don't recall viewing that coin , can you post it again ?
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Coinfrog's Avatar
United States
94367 Posts
 Posted 01/18/2021  08:44 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Pics would help, but that's a bet I wouldn't place.
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That Coin Dude's Avatar
United States
1427 Posts
 Posted 01/18/2021  11:23 am  Show Profile   Bookmark this reply Add That Coin Dude to your friends list Get a Link to this Reply
I will post pics as soon as I get home. It will be tricky with the mints packaging but I will try.
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That Coin Dude's Avatar
United States
1427 Posts
 Posted 01/18/2021  11:25 am  Show Profile   Bookmark this reply Add That Coin Dude to your friends list Get a Link to this Reply

Quote:
MS 70's are around $100 and go higher, while 69's are $15 - $20


But if I sent it in wouldn't value appreciate over time?
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MOS0239's Avatar
1110 Posts
 Posted 01/18/2021  11:42 am  Show Profile   Bookmark this reply Add MOS0239 to your friends list Get a Link to this Reply

Quote:
But if I sent it in wouldn't value appreciate over time?


For coins? You might get lucky but I wouldn't count on it.
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T-BOP's Avatar
United States
18456 Posts
 Posted 01/18/2021  12:02 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply

Quote:
But if I sent it in wouldn't value appreciate over time?

First of all everyone has gotten off track on this one .
TCD said it's a proof coin from a proof set , it is not an MS coin . To answer his question ; sure if it comes back PF-69 it will probably appreciate enough to cover your submission fees in 20 or more years .
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Rothery's Avatar
2145 Posts
 Posted 01/18/2021  1:32 pm  Show Profile   Bookmark this reply Add Rothery to your friends list Get a Link to this Reply

Quote:
TCD said it's a proof coin from a proof set , it is not an MS coin

C'mon T-BOB, a simple mistake but everybody seemed to realize that
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That Coin Dude's Avatar
United States
1427 Posts
 Posted 01/18/2021  1:33 pm  Show Profile   Bookmark this reply Add That Coin Dude to your friends list Get a Link to this Reply
Thanks T-BOP! That is what I wanted to know. I still haven't made it home so I will show you the photos soon!
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Big-Kingdom's Avatar
United States
1667 Posts
 Posted 01/18/2021  1:34 pm  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
I know ANACS doesn't sell as good as PCGS or NGC, but it's cheap, and it's fair grading. they have specials a few times a year the last one ended Jan 9th, but it was authenticate, grade, and encapsulate 12 coins for $119, and including FREE return shipping. this will get you around $10 for grading and encapsulation though per coin which ain't bad for U>S> coins valued at $500 of less.

Will it be worth it to do it? I dunno, like was said it has to come back proof 70 if it comes back PR69, it's $20 and you're likely taking a loss on the shipping at that price point after all is said and done.

I haven't sent coins for grading ever, but you know I been thinking real hard about this ANACS deal and may do it when the next one comes along. NGC and PCGS are out of my budget range because most of what I'd like to send are kind of fishing to find out how it grades out by them, or lower value varieties I'd like to do, that I won't recover costs no matter what on. but would like to have them attributed regardless.

Starting to feel like one TPG is just as good as another for an opinion, and really that's all that it is, their opinion... I know, I know NGC and PCGS sell for higher.... I'm not really looking to sell anyways lol

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Keith67's Avatar
United States
6526 Posts
 Posted 01/18/2021  1:43 pm  Show Profile   Bookmark this reply Add Keith67 to your friends list Get a Link to this Reply

Quote:
It will be tricky with the mints packaging but I will try.
Set it free from that baggie. That was a bad idea on the mints part
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