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70d JFK - To Grade Or Not To Grade....

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MrRick's Avatar
United States
122 Posts
 Posted 01/06/2009  12:00 pm Show Profile   Bookmark this topic Add MrRick to your friends list Get a Link to this Message Number of Subscribers
I have a few 1970D mint sets & was wondering if I should play the lottery & send off one of the JFKs for grading. I saw that MS67 was the highest grade listed at Numismedia. Are they just poor strikes that year or what?
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cladking's Avatar
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2271 Posts
 Posted 01/06/2009  12:09 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
These actually come pretty nice and while complete strikes aren't common they are hardly rare. There are lots of very highly Proof Like coins and many of them are quite stunning.

The biggest priblem with this date is that most of these coins are heavily marked and clean coins are few and far between. In recent years tarnish has also become a problem.

While gems coins might appear scarce to someone going out looking today they aren't as scarce as a quick look would imply. This is one of the few mint set coins that have been picked over by collectors and many of those set aside are not tarnished. If you can find nice well preserved original sets then about 2 1/2% should be nice gemmy coins.
Time don't fly, it bounds and leaps.
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MrRick's Avatar
United States
122 Posts
 Posted 01/06/2009  12:17 pm  Show Profile   Bookmark this reply Add MrRick to your friends list Get a Link to this Reply
These are still in the plastic envelopes, so no tarnish. But I wasn't quite clear there. Were you saying it was a good idea or no?
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cladking's Avatar
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2271 Posts
 Posted 01/06/2009  5:55 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
If they look clean and like they are in the top 2 1/2% then they will probably be worth a premium after they are slabbed. Otherwise I wouldn't slab them unless you preferred them that way to the cost of slabbing. Really I wouldn't evenb slab a coin in my collection unless it was to sell it.

The old mint set packaging was actually four layers of plastic with very thin layers on the inside next to he coin. Unfortunately these thin layers contain a chemical that causes corrosion. (PVC?) This packaging was used for regular mint sets through 1984.
Time don't fly, it bounds and leaps.
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MrRick's Avatar
United States
122 Posts
 Posted 01/06/2009  6:02 pm  Show Profile   Bookmark this reply Add MrRick to your friends list Get a Link to this Reply
I've got 1964 - 1977. Should I remove them from the original packaging?
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cladking's Avatar
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2271 Posts
 Posted 01/06/2009  8:09 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
I rarely do, but I've lost some nice coins.

If you keep them dry and at a relatively stable temperature your problems will be minor in the short term.

But, this packaging is not stable and has already destroyed all the '68-P cents that were in it. Maybe it would be best to remove them but be forewarned that someday that might be a premium for intact sets. This premium would not extend to damaged sets though.
Time don't fly, it bounds and leaps.
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bmanofnbc's Avatar
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1424 Posts
 Posted 01/06/2009  8:15 pm  Show Profile   Bookmark this reply Add bmanofnbc to your friends list Get a Link to this Reply
I've never sent a coin for grading, and the only 2 graded coins I ever bought I broke out....my vote is no, unless you can take them to a coin show where you can get them graded on the spot and see if the guy will pick the nicest one or two from your sets.
Edited by bmanofnbc
01/06/2009 8:30 pm
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steve199's Avatar
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1882 Posts
 Posted 01/06/2009  8:23 pm  Show Profile   Bookmark this reply Add steve199 to your friends list Get a Link to this Reply

Quote:
the seller can't even get the story straight....the title says it was found while metal detecting but the item description says it was found while building a house......FAKE!


Bman, did you stumble into the wrong thread?
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bmanofnbc's Avatar
United States
1424 Posts
 Posted 01/06/2009  8:32 pm  Show Profile   Bookmark this reply Add bmanofnbc to your friends list Get a Link to this Reply

Quote:
Bman, did you stumble into the wrong thread?


Who Me?



Yep, I must have....but I went back and did a quick edit
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