Grading Value ? - Coin Community Forum

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Author	Replies: 6 / Views: 1,656
Coin Chaser Valued Member United States 307 Posts	Posted 01/17/2011 1:04 pm My question: Why grade a gold or silver commemorative? Please advise. Report this Post to the Staff

Americanamafia Pillar of the Community United States 672 Posts	Posted 01/17/2011 1:10 pm To complete a registry set, or sell to an investor rather than a collector. Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 01/17/2011 4:46 pm Too general a question to answer properly. Classic or modern? Proof or Unc? What specific commem is it? Each question results in a different answer. Report this Post to the Staff
Coin Chaser Valued Member United States 307 Posts	Posted 01/17/2011 8:57 pm I am referring to the Modern Commemoratives 1982-2010 proof or unc. You can also include the American Eagle 1986-2010. I usually send all older Commemoratives we buy on line to be graded and authenticated. This usually sets the prices but on newer issues, at the present time, we are able to buy graded for less than original from mint with COA. My question is why? Does grading mean what it use to mean? Are the higher prices of silver and gold a factor? With the THINK TANK we have at the forum I thought we would all gain knowledge from input. Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 01/17/2011 9:09 pm In most cases, it does make little sense to get a modern commemorative with a mintage of several hundred thousand graded. Slabbing moderns is a gamble and one that many people lose. In many cases, people are chasing the "perfect" MS70/PR70 but few coins truly reach those levels. A big seller may submit 50 coins and get 5 70s with 45 68s and 69s. They might break even or lose a small bit on the 68s and 69s but make hundreds or thousands of dollars in profit on the 70s. A small seller may only submit a few coins and not be able to overcome the law of averages, thus not getting any advantage from grading the coins. Report this Post to the Staff
Coin Chaser Valued Member United States 307 Posts	Posted 01/18/2011 6:22 pm Thanks for the input. We went to the coin show in Tampa,Fl. It was very well attended. Some of the sellers said with the price of gold and silver rising so rapidly the market is looking at spot value rather than a collectible grading value. If metal value went down grading value would still maintain its position in the market. They felt some graded coins were a very good buy looking at collectible supply and demand. As you stated one seller said he has at least 50 coins a month graded. He wouldn't do this if it help his sales. Have a good day Report this Post to the Staff
w1a9c8k5 Pillar of the Community United States 1348 Posts	Posted 01/25/2011 6:03 pm It is crazy I do see many coins that probably cost $10-20 to be graded seling for only $1-2 more than a raw coin. I usually buy them :) Report this Post to the Staff
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