Proof Pennies Worth Grading? - Coin Community Forum

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Author	Replies: 11 / Views: 2,418
Fdd New Member United States 19 Posts	Posted 03/22/2021 05:35 am Hello everyone, I have 1968s,1969s, 1978s & 1981s proof coins is it worth it to get them graded? Also what is it about the glass like shine that just grabs your eyes, they are pretty coins * Moved by Staff to a more appropriate forum. * Report this Post to the Staff

sel_69l Bedrock of the Community Australia 21786 Posts	Posted 03/22/2021 07:14 am No, pretty coins though they may be. grading and shipping fees are not justified by the potential value of the graded coins. Report this Post to the Staff
ijn1944 Bedrock of the Community United States 19147 Posts	Posted 03/22/2021 07:36 am I'd say no to grading 'common' Lincoln proof cents. Suggest checking ebay for PCGS, NCG, or ANACS graded/slabbed Lincoln cents for asking prices and sold/completed sale prices. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 03/22/2021 08:54 am Agree, not worth grading. Report this Post to the Staff
thq Pillar of the Community United States 3343 Posts	Posted 03/22/2021 09:00 am You can buy complete proof sets for those years for $10. The supply far exceeds the demand. I found this out when liquidating my dad's estate. The only modern proof sets with value higher than that contained a gold or silver coin. Even then, the price was basically bullion value for that coin. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 03/22/2021 09:17 am No. Save your money. Report this Post to the Staff
Fdd New Member United States 19 Posts	Posted 03/22/2021 11:09 pm Thank you everyone for your time & patience Report this Post to the Staff
BearlyHere Valued Member United States 84 Posts	Posted 03/25/2021 5:50 pm Buying pre-slabbed coins is way less expensive unless you got a real doosey (i.e. V75 ASE) Report this Post to the Staff
Dearborn Moderator United States 95618 Posts	Posted 03/25/2021 6:16 pm Out of all my coins I have, only 3 are slabbed (so far) my 2 v75 ASE's and my 1914-D. Slabbing just for the grade on more common coins is usually not worth it. Unless you are looking to have a slabbed collection of all your coins for some reason. EDIT: For most of my proofs, I just keep them in their original enclosures for protection. Or I place them in an album I'm trying to complete Collecting since 1972. Learning from then on "Tell me and I forget. Teach me and I remember. Involve me and I learn." - Benjamin Franklin 7070 type set coin count: 51/76 Uncirculated American Silver Eagles My American Silver Eagle Proof Collection Sacagawea Dollars Innovation Dollars Eisenhower-Dollars Kennedy-Half Dollars Washington-Quarters Roosevelt-Dimes Buffalo-Nickels 1938-2005 Jefferson-Nickels Lincoln-Cents Edited by Dearborn 03/25/2021 6:18 pm Report this Post to the Staff
Diy89Nurm7 Valued Member United States 271 Posts	Posted 03/25/2021 8:53 pm I agree with all the good advice. I "attend" lots of auctions and can usually find TPG graded coins for a lot less $$$ than the cost of submitting them myself. With proofs, the jump in value is usually with PF 68 and higher, especially if they are DCAM/UC. If I had the ability to recognize a 69 or 70 in an ungraded coin, it doesn't mean that a TPG will agree with me. So, for me, the safest way to have a proof in the highest grade is to buy one (if affordable, that is)... Stay well, Diy89Nurm7 Report this Post to the Staff
Ballyhoo Pillar of the Community United States 1613 Posts	Posted 03/28/2021 10:23 am An excellent question, which has been answered. What I would add is, should you have them graded, at a grade of PF68 you'd break even based on the average auction prices of $30-60 found on the PCGS site. Now if by chance any were in PF69, the highest grade, the pay-off would most certainly be justified. For a coin to be a proof 69, there could be no visible marks or ticks to the naked eye and only one or two tiny flaws seen under 6x magnification or greater. As to the second question why they look "glass" like, the copper sheets are polished prior to being stamped into blank planchets and carefully fed into the coin press. ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon Edited by Ballyhoo 03/28/2021 10:26 am Report this Post to the Staff
Fdd New Member United States 19 Posts	Posted 03/28/2021 2:03 pm Thank you so much for the much needed knowledge everyone on this site is so helpful you people are awesome! Thanks again Report this Post to the Staff
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