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 Replies: 20 / Views: 4,904 |
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Pillar of the Community
United States
1348 Posts |
Are these coins really worth getting graded. Most will be 67 68 69. With what I have been hearing on this site is that almost everyone is getting them graded. which to me makes me think the $30-40 per coin graded won't really much matter unless they hit a 69. Any thoughts?
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Valued Member
United States
314 Posts |
I personally think getting bullion graded is plain silly. I do plan on obtaining the collector's version the mint sells, and will more than likely send these off for grading.
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Pillar of the Community
United States
4901 Posts |
Silly?
Yesterday a raw Mt.Hood and Yellowstone went unsold (no bids) at $279
Yesterday a graded PCGS MS69 DMPL Hot Springs SOLD for $755
Silly bullion.....
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Moderator
 United States
187792 Posts |
I agree with ayejay1974 and personally think it is silly because slabbing gives me no value.
However, as Foxwoods Man has pointed out, the market disagrees with us; and if you are in this game to make money (I am not), then the market's opinion is all that matters.
The original point of the post was that only a 69 would matter. The given example refers to a PCGS MS69 DMPL selling.
Now the questions are...
What do the 67's and 68's sell for?
How many are you willing to submit for grading in order to get just one 69?
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Valued Member
United States
442 Posts |
It would drive me crazy every day not knowing what the exact grades are.Because I wouldnt know the true value of them other than a couple hundred dollars over the current silver spot do to there popularity! Any certified pcgs grades in ms-63 through ms-69 are a profit  You could have a few dmpl 69 in the set witch would be hard to live with by not knowing  http://www.pcgs.com/PRICES/PriceGui...043;Quarters |
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Pillar of the Community
United States
1406 Posts |
PCGS price guides aside, ebay realized pricing is a different story. There has been no action on anything lower then MS69. Almost all MS68's, MS68PL, MS68DMPL and below have not realized much over $250. I personally would not send a coin in unless I think it will hit MS-69. That said, even ms69s have not gotten much play on ebay. The only way to get into the big bucks is to get a MS69Pl or MS69DMPL. I recommend only sending in a coin that has no visible issues what so ever. |
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Pillar of the Community
United States
4901 Posts |
I agree the price guide for an evolving market coins like these pucks is useless. It may have some value in a few years once the dust settles and a true price evolves. As far as reality ( ebay) there have actually been very few graded single coins put out there at auction. There have been many BIN's at stupid prices that have no chance of selling but true auctions are few and far between considering the number of sets out there. Eliminating the 69pl/DM's these are the most recent sales: PCGS MS68PL (Mt.H) $325 (4/6) PCGS MS68 (GC) $328 (4/6) NGC MS68 (Mt.H) $335 (4/4) PCGS MS69 (Yos) $550 (4/3) Average selling price for a raw set $1350 which is $270/coin So, yes, RIGHT NOW it is not cost effective to get a set graded unless you can cherrypick well and submit only the best coins... |
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Pillar of the Community
United States
1406 Posts |
Wow, those are actually better prices then I remember seeing a week ago. $270 a coin was about the average I remember. Thanks for the info fox! It pays to do research before talking out my...
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Pillar of the Community
United States
4901 Posts |
Prices bottomed about a week ago and have started to reverse upward. The only ones still trending downward are the PCGS PL/DM's since they reversed their grading stance and made PL a standard and DM a close second. Their PL/DM designated coins now make up around 90% of coins graded which has taken the prices down dramatically....
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Pillar of the Community
United States
1817 Posts |
It's the ER or Early Release designation on these short strike coins that is meaningless if they were all struck within a month or two weeks of each other. I originally understood this term to refer to product that was struck early in the year off of fresh dies as opposed to later when the dies might have worn off a bit. For these short strikes did the mint make public to the APs as to which date their shipment was struck? The ER label on these coins only makes sense if they could be verified as coming from the FIRST day of striking, which I have heard nothing about.
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Pillar of the Community
United States
4901 Posts |
I agree that Early Release AND First Strike are pointless with the pucks since the way they were released prevented knowing which coins were struck when.
My amazement with FS is that since ALL of the pucks are eligible how can it be of any value? Yes, it says "I paid $18 more to get 2 words on my slab." That's $90/set for what?
FS/ER kinda makes sense with regular, time restricted issues...but when ALL are "special" none are..
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Bedrock of the Community
United States
17884 Posts |
Early Release and First Strike have nothing to do with when the coins are struck and everything to do with when they arrive at the TPG. |
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Pillar of the Community
 United States
1348 Posts |
ok so my new question:
Do you have to choose a certain way to be graded to get the PL/DM's. I don't submit coins often, but I don't know how to tell and be sure.
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Bedrock of the Community
United States
10982 Posts |
No. Just submit them and if they're PL or DMPL, they'll get slabbed that way. I sold a couple DMPLs on ebay for close to $1,000 each last month. It was worth the $40 grading cost for sure. Right now the grades that bring real premiums are 68DMPL and anything graded 69 of 69PL with 69DMPL still bringing the largest premiums because it's the highest reported grade.. |
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Pillar of the Community
United States
1348 Posts |
How can I as a "novice" grader tell if a coin would be PL or DMPL?
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Bedrock of the Community
United States
10982 Posts |
The reflectivity of the surfaces. Without looking up the exact numbers, PL needs 4" of reflectivity on both surfaces so that you could read newsprint in the reflection. DMPL requires at least 8". Don't quote me on the 4" and 8" figures but you get the idea. As far as actually reading the newspaper? Well, it should be clearly visible. Here was an auction I had running on an MS68DMPL to give you an idea: http://cgi.ebay.com/ws/eBayISAPI.dl...270729161155 |
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Replies: 20 / Views: 4,904 |
Posted 04/06/2011 1:34 pm
