Shipwreck Coin- Should I get it graded?
Hello all! I've been lurking on the forums for a few weeks now, and decided it's time to join. My interest in coins began in the 90s when my grandfather took me to a coin show, went dormant for a good many years, and is now starting to pick back up as I invest more in PMs.
This forum is an absolute wealth of information, and has made for some great reading/learning. While most of my money is going into AGEs, I have a deeper interest in shipwreck coins, so I've started a small collection. Most of my coins have so far been from the Atochia, and with the exception of the one I'm about discuss are cobs ranging from the 1620s to the late 1600s. Most of those are grade 2-3 and certainly show the fact that they've been on the bottom of the ocean for the past 400 years. I guess it's worth asking, is there any point in submitting those for grading?
The coin in question was one of my more recent acquisitions. I was in a shipwreck artifact store (my interest in artifacts extends beyond coins), and as I'm having a look around, someone says hello to me. I turn around, and instantly recognize the guy as the star of the Discovery Channel show Cooper's Treasure! I must have spent a good hour talking to him, he took me upstairs to view his private collection of not only shipwreck artifacts, but Mercury and Gemini items that the astronaut Gordon Cooper gave him before he passed away. After that experience, I was happy to overpay for a grade 3 coin that he recovered (from my perspective, it comes with a good story and memory).
I also picked up a coin from another wreck that is in much better condition than the cobs I had collected previously. Would this coin be worth sending in to NGC? As I understand it, it would receive a "Shipwreck Effect" grade, but would then be encased (maybe preserved a little better than in its current flip), and given the NGC nod for authenticity.
I'd love to get some thoughts on sending this one in, and would also appreciate any input on getting the grade 2 and 3 cobs done as well. I'd feel better about preserving them all in slabs.