Is There A Dollar Value Over Which I Should Get The Coin Graded?

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Author	Replies: 5 / Views: 1,976
RuffledRacoon New Member United States 5 Posts	Posted 06/11/2022 4:41 pm Hi all, After looking more closely at my coin collection, I noticed an 1878-S Morgan dollar, which I believe is a VAM 111 (please see my other post on "1878-S VAM 111?"). From what I've read, this error is relatively rare, and if true, I believe this coin could be very valuable. Finally, I believe this coin is a higher grade than any of the 1878-S VAM 111s graded previously. I also have an 1878 Three Dollar gold coin in relatively good condition (I could post pictures upon request). I also have an 1899-O Micro O, which may be between high AU and low MS. These are likely the most valuable coins in my collection. I have several others that are likely worth under $1,000, but that's really my question - When does one opt to have a coin graded? I think with the 1878-S VAM 111, I almost have to, just to confirm that it is actually a VAM 111. One last question, if I do send the 1878-S VAM 111 to be graded, I worry a bit about where and how to send. Any thoughts? Thank you all for any and all advice! Report this Post to the Staff

Spence Moderator United States 34423 Posts	Posted 06/11/2022 4:44 pm A rough rule of thumb is to avoid paying more for the slabbing than the coin is worth. I'm sure others will be able to dole out more detailed advice, especially with regard to pick a TPG and then shipping your coins to them. "If you climb a good tree, you get a push." -----Ghanaian proverb "The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz Report this Post to the Staff
John1 Moderator United States 56855 Posts	Posted 06/11/2022 5:14 pm . As a general rule a coin needs a retail value of at least $100 to justify all costs involved in sending it in. John1 Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 06/11/2022 6:03 pm To me, the threshold would be closer to $300. to the CCF! Report this Post to the Staff
RuffledRacoon New Member United States 5 Posts	Posted 06/12/2022 07:49 am Thanks all! I noticed that many people have discussed submitting their coins at the Expos (like the recent Whitman Expo). Is that a safer way of submitting a coin for grading? Report this Post to the Staff
NumismaticsFTW Pillar of the Community United States 2281 Posts	Posted 06/12/2022 2:29 pm It's a faster turn around that's for sure. I would suggest doing that if you could. You realize when you know how to think, it empowers you far beyond those who know only what to think. -Neil deGrasse Tyson Report this Post to the Staff
	Replies: 5 / Views: 1,976

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