Ordered some new 2019 "S" Silver proofs. What is the best way to insure their best collectors value?
Viet_Vet
Posts: 7 ✭
Not especially knowledgeable in coin collecting.
We ordered on the pre-release register list from the mint. They didn't even have costs on them yet.
Should I have them slabbed? If so by which grading Co, and in what way?
Thanks
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Be patient because there are some on CU with sage advice after they read your post. Peace Roy
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I would say just buy them graded and save yourself the grief.....$90 or less and you are golden (for 70's)
If you bought them with the idea of making money then by all means PCGS is the place to go for grading.
Good luck and keep us informed on the process and results.
bob
There are collectors for the slabbed, the OGP, and those who want to fill their album. It’s a personal choice.
Slabbing choices are also varied there several to choose from and since this forum is hosted by one of them the answer would be... your choice.
Non-answer answer.
Welcome to the CU forums @Viet_Vet.
AU and AG,
Thanks.
Bought them for the grandkids and their kids, and hoping some following generation might get some added value for them in a few years. (After they forget who I was, I would like to have one of them say, "Wow he thought ahead when he did this, lucky he graded it this way".)
Namvet69,
Welcome home Bro.
65/66/67
Personally, if they are a legacy gift, I would not slab them. If they milk spot, there will be no advantage to being in the slab. If your grandchildren sell them for anything, they'll thank you for it. It's free money to them.
Personally, I would never buy and slab these hoping for future appreciation. There is no way to know if they will even hold value. You will be into 1oz of silver for $90.
PS. If you pay to slab them and they come back 69, they are probably worth LESS than raw.
I would leave them in the original mint packaging. In the future, if there is a need to have any of them graded for any special reason - it can be done then. Modern Proof Sets - even the silver sets don't usually appreciate that much, so grading them is only adding to the cost. Besides, the original packaging lends some originality to the set as years go by.
I knew it would happen.
Great idea to want to buy a few coins for the grandkids, but bad idea to expect any profit. There is a very likely chance that your coins will very quickly be worth less than you paid.
As mentioned, if you want slabbed coins, buy slabbed coins. Don't take the risk that having yours graded will add any value. The big dealers get discounts and they can generate a PR70 for less than you can. The cost of the coin pus cost of grading must not exceed the resulting value, or you are throwing money away. And, as others have said, the silver coins can develop white spots over time so even if they are perfect today they might not stay that way.
Not trying to discourage you at all - I buy lots of this type of mint stuff as well. I don't consider it much of an investment, though.
Some good advice so far. If you are giving them as a legacy gift, leave them in the original packaging. Upside prices will be tied to the price of silver.
I wouldn't play the game of getting them slabbed at this point in time. After all, the recipients may have no interest in coins at all. They will see the slabbed coins as disposable and sell them. They just might keep the coins in the original packaging because of the tie to you.
Just my humble opinion from someone who has zero relatives that have any interest in coins.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
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Give the the gift now. Do not do the legacy... etc. They’ll just sell it after it’s divided by the will, estate, probate, etc. Assuming everyone get’s along.
Give it to them now and you’ll get to enjoy the gift giving while your alive. They’ll hold onto them, at least, until dad/grandpa passes.
IMO
I always have lost money on trying to get collector coins from the mint graded, hope you have better luck.
Hello welcome.
Regardless of future value of a coin collection, I would said get the coins that had been slabbed instead of submitting your own. The cost of submitting coin for grading is high and not guarantee in quality. As long you keep a record of your slabs collection even at lower grades, it will save your grand kids lot of time and money whenever they decide to sell it in the future.
Do you really want your grand kids to think that penny is worth a million dollar or a silver quarter only worth the face value? There are just too many stories of someone inherits a raw coin collection while being clueless of its value. With enough budget, some may hire an appraisal. But some may just sell off the collection on ebay starts with 99 Cents. Either way, it would be time consuming and too many risks involve.
@Viet_Vet ....Welcome aboard. Some good advice above... I am with those that say keep them in the mint packaging... Most will not appreciate in value beyond the precious metal content.....Good luck... Cheers, RickO
Unfortunately, the best advice would be to not order any.