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Question: Are Error And Variety Coins Worth Sending In To Be Graded?

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HyerJK's Avatar
United States
81 Posts
 Posted 02/26/2024  12:37 pm Show Profile   Bookmark this topic Add HyerJK to your friends list Get a Link to this Message Number of Subscribers
I have a couple of questions that I would really like to get some opinions on.
First, are error and variety coins worth sending in to have graded and if so, how do you know which ones are and which one are not.
Second, how is the best way to determine the value of an error or variety coin? Everyone always says "check on ebay" but prices are always all over the place it seems like on ebay so is there a better and more reliable way to determine their value.

All opinions are welcome.
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nfine's Avatar
United States
3468 Posts
 Posted 02/26/2024  12:56 pm  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply
ebay sold values will give you a pretty good indication of what people are willing to pay for things.

Grading fees only cover the cost of grading the coin. There are additional fees associated with error and/or variety attribution. You'll also want to make sure the TPG recognizes the error/variety you're seeking to have on your label before sending it off.
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Tacc's Avatar
United States
3535 Posts
 Posted 02/26/2024  12:58 pm  Show Profile   Bookmark this reply Add Tacc to your friends list Get a Link to this Reply

Greatly depends on the coin & the particular Error or Variety.
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ijn1944's Avatar
United States
19126 Posts
 Posted 02/26/2024  1:02 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Agree with all above.
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Dearborn's Avatar
United States
95018 Posts
 Posted 02/26/2024  1:16 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply
Minor errors and varieties are not usually worth it, It is the big ones that will give you a better return on the Grading investments.
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Brandmeister's Avatar
United States
6464 Posts
 Posted 02/26/2024  1:36 pm  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list Get a Link to this Reply
I think the best advice I've heard on error and variety grading boils down to: Have the coin graded if you intend to sell it, and only if the potential gain in profit exceeds the grading and attribution cost (including shipping) by a meaningful amount.

I found ebay sold listings to be a little unpredictable. For modern American variety coins, you can search Heritage Auctions and Great Collections with a free account. That will give you a decent picture of what your graded coin might sell for. The variation in auction results can be extreme. My conclusion for all of the variety and error coins that I have encountered so far is that the total grading costs could never be justified by the historical auction prices. I have only one or two possible exceptions to that conclusion, and both would need a favorable grading to scratch out any profit whatsoever.

If you want to grade, attribute, and encapsulate "for fun", then I guess that's a different discussion. But I wouldn't send any variety coin for grading unless I was already 100% certain of my identification, in which case, I really don't need a TPG to confirm that conclusion.
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NY Islander's Avatar
United States
978 Posts
 Posted 02/26/2024  1:38 pm  Show Profile   Bookmark this reply Add NY Islander to your friends list Get a Link to this Reply
Always add condition of the coin to the list of variables to consider when submitting an error coin.
"We are all flawed, some MD and some PMD."
NYI
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Errers and Varietys's Avatar
United States
73798 Posts
 Posted 02/26/2024  2:10 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
Nfine covered that pretty well. Most of the time, it's usually not worth sending in a coin, to be graded. As you know, the fees are very expensive, and they add up quickly.
Errers and Varietys.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 02/26/2024  4:26 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Impossible to generalize.
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Cujohn's Avatar
United States
7174 Posts
 Posted 02/26/2024  7:28 pm  Show Profile   Bookmark this reply Add Cujohn to your friends list Get a Link to this Reply
with all the above. It has to be a very good error or variety to cover the minimum grading and verification fees. That kind of coin doesn't come around very often.
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