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Replies: 11 / Views: 3,163 |
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Pillar of the Community
United States
7840 Posts |
I just received my Proof and UNC Lincoln Silver Dollars, do you think they are worth certifying? I also have the three piece sets of the 1994 Vietnam Veteran, Prisoner of War, and Women in the Military in proof and UNC. Would you have these sent off for certification?  Thanks, success. Sorry, duplicate forum entry!  Edited by oih82w8 03/04/2009 11:12 am
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Pillar of the Community
United States
6326 Posts |
 I wouldn't personally with these....but I bet there will be more than a few who will certify their Lincolns perhaps.
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Valued Member
United States
177 Posts |
I think that it is up to the individual. I prefer to have my coins uncertified. If I purchase a certified coin most of the time I will take it out of its plastic holder. I like to be able to touch my coins.
CC
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Pillar of the Community
United States
1699 Posts |
If these dollars stay at about the same price that they were sold for, within $10, I think it is best not to certify them. You could probably buy a certified slab with the coin for the same price of sending it into a grading service, like NGC or PCGS. If they gain in value, I might send them in.
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Pillar of the Community
United States
2269 Posts |
Personally I prefer my modern commemoratives in their original packaging.
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Pillar of the Community
United States
6326 Posts |
 ......even my Lincolns will stay right in their little cases that they came in !...(or maybe in the distant future a nice album!) I kind of agree with the "certain value" rule. Perhaps $100.00 or even much more before I'd even consider the need "certify it". Except in cases where it needs "officially identified" and/or graded. But lessor value/more common coins wouldn't warrant the reasons or expense....IMHO.
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Pillar of the Community
United States
1055 Posts |
I bet you could buy a certified lincoln commemorative for around $60 or so certified PF or MS-69 on ebay currently. I would usually wait until a coin is valued $100-$150 before I would have it certified.
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Pillar of the Community
United States
6326 Posts |
This is how/why the Home Shopping Network and others get so much money for their Lincolns or MS Cents, etc., etc., etc., They have to recoup their money and offer the "pretense" that these coins are more valuable than what you have. In other words, their '09 Lincoln Silver Dollar is much better than the same one you have from the Mint because their Lincoln is certified......well.......maybe so......maybe not....but they have to GET THAT MONEY BACK FROM THE CERTIFICATION COST BY CHARGING MORE FOR IT TOO !! And in this particular example, I wouldn't pay .03 cents more for theirs, than what I paid for directly from the Mint. But, anyway..... "new" Commem's aren't worth certifying IMHO. I'm sure "the market" might very well be there, but it's of no interest to me to do that for a Lincoln Dollar or any other Ultra Modern Commem. Buying, selling, and certifying to have the "slabbed" older Classic coins like Morgans, Trade dollars, etc., etc., for official grade and/or identification.....yeah.....that's a whole other animal. ASE's do warrant this action for more people than Commem's or other Modern coins....but still no for me.
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Valued Member
United States
295 Posts |
I have taken half of my Lincoln $1 coins off to the side for grading, just in case!
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New Member
United States
25 Posts |
If you are like me and buy coins just because you love them and plan on keeping them for a long long time and pass them down to your kids/grandkids some day, then certifying is a wast of time and money IMO. but if your buying them to sell and try to make a profit, then its a different story. I dont think many modern coins grade below 69 if you receive them direct from the US Mint, so knowing that, I know I have almost perfect coins or maybe even perfect, and that is good enough for me. Dan
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Valued Member
United States
79 Posts |
If you wait until the market is flooded with slabs of newer issues, you can get them cheaper on ebay than you can get them slabbed for. Well maybe a little more, but MS-69 Lincolns in PCGS holders you will find 2009 Abraham Lincoln Commemorative Dollar PCGS - MS 69 for $79.99 or less or 2009-P Lincoln Bicentennial Silver Dollar, PCGS MS-70 for $149.50 or less. I have not looked at the PCGS population report but, these have to be good buys!
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Valued Member
United States
245 Posts |
I wouldn't have them certified because of the cost and they all come back as 69 or 70 anyway in both the proof and uncirculated and until the population reports shows that very few are graded 70 I wouldn't pay a large premium for one graded 70.
Dealers send in bunches of them hoping to make a huge profit on those graded MS70 or PF70 ultra cam and they cater to the registry crowd to get the high prices for them. A MS 69 is a heck of a coin so I don't worry about the difference between those two grades.
My Modern Commemorative set is all ungraded and in Dansco albums but that's just me and the way I like them.
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Replies: 11 / Views: 3,163 |
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