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 Replies: 7 / Views: 3,905 |
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New Member
Canada
24 Posts |
Hi guys, I have just purchases a lot of silver coins and it had a 1950 No Design 50 cent coin in it. I have taken it to my local coin shop and the dealer told me that it is a No Design 50 cent coin. I am wondering if it is a coin that I should spend the money to get graded or not. I imagine that it would grade at minimum XF perhaps a little better. Since I am not really thinking about selling the coin is grading it important? Does having a coin professionally graded add much value to the coin? In the lot I also found a 1942 over 41 Mercury dime that the dealer graded at VF. I was so excited about that I forgot to ask him what grade he would give to the 50 cent coin and I also forgot my coffee when I left ... lol Any and all opinions are appreciated. Nate Edited by nateb20
03/12/2011 08:59 am
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Pillar of the Community
Canada
1733 Posts |
Hi Nate, a coin can be graded by anyone with an opinion. A grading company will gladly take your ten dollars and put the coin in a flip, but it won't add to the value of the item per se. If it were a rare and valuable item that you intended to sell, by all means, have it graded to smooth the transition. As it stand a 1950 fifty cent piece in less than an MS-63 is not worth grading in my opinion.
However, if you post pictures, we shall definitely give you some opinions and you can just move ten dollars from your right pocket to your left pocket.
To sum it up positively, I'm glad you found a sample of a nice variety, the fifty cent varieties from the 40's are some of my personal favourites and almost all are quite affordable to collect and hold. They are specially affordable if EF-AU grades and fifty cent pieces hold their appearance really well at those grades. Keep going.
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Valued Member
Canada
248 Posts |
-nateb20- I would love to see some pictures so that we could all learn. ---Ugly- doesn't make it pretty,  hence his name, all in fun, but is right! Grading would not make a notable difference, but still collectible and desired IMO and agree! Thanks  |
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Valued Member
United States
380 Posts |
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Valued Member
Canada
153 Posts |
Given the cost of grading, with its only attribute being someone else's opinion that you pay for, it';s not worth going to a TPG. It will cost you between $10 and $25 depending on how many you send in and what kind of holder. A coin usually needs to be able to SELL for over $100 to make it worthwhile to even contemplate certing it, unless you got it for dirt cheap. It's tough to take a 20% hit (for a $100 coin) just to gets someone's, sometimes inaccurtate, opinion. To actually SELL for $100, it would have to list at nearly $200 in a book, since most coins can be bought at 50-70% of Trends. The 50 cent series is one of the prettiest of all the Canadian denominations. Just feel good about making a nice buy of a very good coin, without having to look at it through plastic and a little peiece of cardboard. |
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Bedrock of the Community
Canada
10743 Posts |
I agree with what Ugly said.  Now, if you have a Mercury dime with a '42 over '41 date I would like to see a pic of that it may be worth it to get that graded.  |
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Valued Member
Canada
456 Posts |
There are two species of No-Design 1950 Fifty Cent... the more common one is the one that has one tic to the top right of the '0',just below the hoof, and eventually the Die develops Die Cracks through the 'O' and other places on the Reverse. The less common one has three tics to the top right of the 'O', again just below the hoof. As R2bR2c says..its not really worth getting it TPG'ed as it is a relatively common variety and readily available. Edited by pginrh
03/12/2011 1:13 pm
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New Member
 Canada
24 Posts |
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Replies: 7 / Views: 3,905 |
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Posted 03/12/2011 12:17 am
