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 Replies: 14 / Views: 1,267 |
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Valued Member
United States
67 Posts |
So I got this 1968 and a couple more than that are just like this I have a couple of rolls and I was wondering if this is something that would be worth grading?
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Valued Member
 United States
67 Posts |
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Moderator
 United States
56855 Posts |
What grade do you think it is? How much is it worth in that grade? What does it cost "all in" to have it slabbed? John1  |
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Moderator
United States
15437 Posts |
@Lrnin2Coin - I have a question for you. What motivates newer coin collectors to consider having their low value coins examined by a TPG? There is obviously some kind of TPG marketing magic going on but I can't figure it out. Do you believe that having this mid-AU common date cent in a slab is somehow going to make it 'valuable'? Your coin is worth face value - maybe a few cents premium if you could find someone willing to pay that. The least expensive TPG would be ANACS and that would cost you $20 to $30. What's the logic behind this newbie desire to slab?  |
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Bedrock of the Community
United States
94367 Posts |
Definitely not worth submitting.  |
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Pillar of the Community
United States
1406 Posts |
When I was first starting out I just hit a wall when it got to grading AU and higher coins. I can see how it is easy to look a a shiny coin in hand and a slabbed coin online going for hundreds of dollars and think mine looks like that.
Until I got a loop and started to see slabbed coins in hand I really had no idea how drastic the difference is. I am almost 20 years into this hobby and I still have not gotten to a coin show.
My best advice to newcomers is, get a cheap slabbed modern in the series you like. Visit PCGS photo grade often, and get a loop for goodness sake!!!
If I had done that from the beginning, I would have saved myself and everyone on this forum a bunch of time.
I am by no means discouraging questions, but, I have never 'found' a coin worth slabbing EVER!!!! People who do, have spent years looking at hundreds of BU rolls.
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Bedrock of the Community
United States
19957 Posts |
AU-50, worth one cent.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Bedrock of the Community
 United States
18668 Posts |
Quote:What motivates newer coin collectors to consider having their low value coins examined by a TPG? There is obviously some kind of TPG marketing magic going on but I can't figure it out. i keep asking this question but never get a response. i'd really liked to know what the motivation is to slab coins? |
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Pillar of the Community
United States
756 Posts |
the illogical desire to slab is common with intermediate collectors too. I see a lot of people wondering if they should have their vg classic cent slabbed. if its worth more than a hundred bucks a lot of people advise slabbing. many people the novice collector respects talk about how they can only sell a coin for top dollar if it is certified. for this particular coin an MS67+ grade from PCGS is worth $2-3,000. thats enough to get excited about. to their credit the slabs have shown themselves to be valuable time and again. that MS69 1919 Lincoln that sold for 430,000 really brought that home for me. ---- to answer your quesion lrnin2coin - you will lose money if you have that coin certified and try to sell it. if you want to have it slabbed for fun or sentimental reasons then go for it. to get top dollar from a high grade american coin it needs to be in a PCGS holder. youll spend ~$40 getting that slabbed after fees, shipping and taxes (not including the membership fees to join PCGS). the only grades that retail above $40 are MS66+($75), MS67($410), and MS67+($3,000). those three grade represent a total population of 72 coins. this coin is incredibly rare in that condition. (you can find all of this information for yourself on the PCGS website or on an app called coinfacts). this is whats called a conditional rarity. the coin itself is quite common (2.8 billion were minted). only the best of the best is worht any real premium. there is only a single MS67+. a small number of people with stupid money value bragging rights. that is what they are buying for $3k. you will never find an MS66 in change. you wont even find 2023 coins that grade 66. youll be lucky to find an MS63. once a coin is in change it is no longer uncirculated. its circulated. there will be small nicks and scuffs on the coin. these lower the grade. here is the MS67+RD for reference. your coin would have to be better than this coin for it to really be worth the money to slab.  |
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Pillar of the Community
United States
4085 Posts |
Hello -
I would say this coin is in the Almost Uncirculated (AU) range, maybe AU53 or 55. You can tell as there is a little rub on Lincoln's cheek, beard and shoulder. As such, not worth grading.
In general, it is very difficult to come across very high grade Lincoln Memorials that would make grading worth it. It's possible but would be one of those 1 out of a 1000 type of deals.
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Bedrock of the Community
United States
36746 Posts |
AU-58. Not sure why people want to spend the money to slab coins that appear to be average eye appeal..
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Bedrock of the Community
United States
19957 Posts |
Quote:
It's possible but would be one of those 1 out of a 1000 type of deals. Based on my experience, that's very optimistic.  |
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Pillar of the Community
United States
4085 Posts |
Quote:
Based on my experience, that's very optimistic. I was trying to be nice  |
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Pillar of the Community
United States
3207 Posts |
Why ask about slabbing? It's merely inexperience, I suspect. It takes practice to discern the differences between the various AU to MS grades. Additionally, mnny people might miss that there exists a grading subforum here, and thus miss out on the education it provides.
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Bedrock of the Community
United States
18668 Posts |
Quote:
Not sure why people want to spend the money to slab coins that appear to be average eye appeal IGE - CarrsCoins answered it the good thing is that the OP asked first before wasting $$. hopefully they learn from this |
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Replies: 14 / Views: 1,267 |
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Posted 02/04/2023 12:31 am
