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 Replies: 7 / Views: 1,100 |
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New Member
United States
30 Posts |
Forgive my ignorance but should one always get a coin like a modern proof graded? Is it possible to sell an ungraded recently-minted dollar, half, quarter... for a profit if it hasn't been graded by one of the premier services?
I was looking at proof sets and they seem to sell (for a profit) without grading -- but is that a realistic possibility for single proof coins?
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Pillar of the Community
United States
7123 Posts |
Hi Hookshot Proofs can and do sell for a profit as singles and raw,, If you look at my sig Line, I collect Raw Licoln Proof cents,, I pay anywhere from 1 dollar to well over a Hundred and more for some of my lincoln proofs,, now all angles of the hobby have to be looked at,, grade ,rarity, and desire,,to achieve significant values but even the meager 1.00 for some of the Lincoln Cent proofs is 100X face value. The Modern coins can hold a significant premium based on the same collecting aspects. Rick |
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New Member
 United States
30 Posts |
Thanks Rick:
I was thinking about buying some modern silver proof sets and hoped they might be a wise long-term investment.
Any advice along those lines would rock.
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Pillar of the Community
United States
2177 Posts |
Hi Hookshot. Welcome to the forum. If you can give us more info about a particular coin or post pics we would probably be able to help give you more info. Again, welcome to the forum!!  |
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Pillar of the Community
United States
7123 Posts |
Hi Hookshot
I see someone moved this to the main forum,, thats probly best !!
Im not a good one to ask about investment, since I collect as a hobby ,, I like my coins to grow in value but it is secondary in my mind when putting together my collection.
Rick
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Forum Mom
 United States
5877 Posts |
I moved it since it was a coin for grading and I think it will get better responses here in the Main Forum. |
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Pillar of the Community
United States
2271 Posts |
Most ungraded moderns sell at wholesale which can be many multiples of face value. But there is a much larger market for raw moderns that trade at a large premium to wholesale than most people think. If you're willing to do the work to find the better coins then there are those who will pay large premiums for them. Indeed, few of these coins are graded at all unless they're worth at least $30 or $40 and this is a fairly high price for most moderns. There is little danger at the current time of getting coins that are sliders or have any of the problems so common in older coins. Be on your toes though if you collect in these areas because counterfeits and other such things will be along eventually.
Time don't fly, it bounds and leaps.
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New Member
United States
30 Posts |
Thanks for moving this -- it does work much better over in this forum. I appreciate all the good advice -- I was thinking about starting with silver mint sets (mainly because I've seen stable prices for both the sets and individual coins). As Cladking said, grading most modern coins would seem expensive considering the potential worth of the coin itself but I was wondering about the wisdom of grading the Anthony dollars and Kennedy half dollars that come in the sets. At the higher grades, would these coins be worth risking the additional money to grade? Thanks again all. |
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Replies: 7 / Views: 1,100 |
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Posted 09/18/2006 9:41 pm
