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Which Coins Could Be Sent For Grading?

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Canada
22 Posts
 Posted 08/27/2024  12:57 am  Show Profile   Bookmark this reply Add Knickerssum to your friends list Get a Link to this Reply
Hi Indian Gold Eagle. I am trying to learn as much as I can about coins and what kind are worth what because I have grand children and now two great grand children. I would like to build sets for them to give them. I am hoping among them they will pick up the joy of hunting for special coins and learning to collect also. It's a fascinating hobby and shows respect for money. Learning how to research is a huge part of it. It's a kind of lead by example thing for me. It would also be nice to leave them something of value to remember me occasionally. Thanks for asking. Daisy.
Edited by Knickerssum
08/27/2024 12:59 am
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IndianGoldEagle's Avatar
United States
36878 Posts
 Posted 08/28/2024  09:41 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Daisy, I only asked because I am trying to understand why newer collectors always want to send coins in for grading at $40-50 per coin. There are many on-line sources for both learning to grade and also getting an idea of it's retail value. The more you learn before spending money on any coins, the better you will be down the road.
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BStrauss3's Avatar
United States
4594 Posts
 Posted 08/29/2024  4:26 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Because they've drunk the kool-aid and novice collectors translate the (largely true statement) "Slabbed coins sell for more than raw" to "every coin MUST be slabbed".

The nuances are something you develop with experience.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Dearborn's Avatar
United States
97909 Posts
 Posted 08/30/2024  07:53 am  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply
to CCF @ Knickerssum
the 'book you mention is a standard Whitman coin folder for the Lincoln Cent coins There are 2 other folders that were used for the complete series back in the day. They are still being used by beginner collectors to this day.
The coins in it that you posted are standard circulation coins that don't hold enough value to warrant grading though.
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panzaldi's Avatar
United States
18706 Posts
 Posted 08/30/2024  5:20 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
, since it sounds like you are quite new to coins here is something you now add to your knowledge base.

there are really only two reasons to slab a coin

1. its a rare coin that needs authenticated and preserved
2. you are planning on selling the coin and the cost of acquisition plus the grading fee's would warrant it without chewing up all your profit

PCGS charges a minimum of $69 for a subscription other subscription levels include grading vouchers though so you could reduce these costs. add to the subscription cost, per coin grading cost which I think for this one might be $23, shipping & ins both ways (1-4 coins is $27 if the total value is under $1000)
NGC - economy grading tier is $22, plus $10 handling fee, plus $28 for shipping (1-5 coins).

ANACS grading would be $16 but there's a 5 coin minimum. Shipping would be $29-35.

CAC - $99 subscription ($50 grading credit), economy grading $15, gold $28, $40 shipping/handling/ins

i don't slab coins for these reasons especially the cost involved. I don't know why this is so popular today. just making the grading companies wealthy

most collectors do not have their coins graded. you coins are all common with millions minted. most collectors actually started with the set you are working on as the were readily available in circulation. the ones you showed have a value of $1-2 tops.

do not sucked into spending $$ grading coins because you see it advertised as main stream.

stay plugged inn here. read the threads that folks post and as the responses are going to help you learn how to grade.


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