Can someone really put a value on sentiment? I have seen a couple of sentimental value coins here at CU that were not only slabbed, but the they had a phrase "Dad's Dollar" or something similar added to the the insert.
I have seen some coins, literally pocket change, that were slabbed for one reason or another. While others have been identified as SAMPLE.
oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's
I have been contemplating for close to almost two years whether it would be worthwhile to send in the two GSA Morgans (1883 CC and 1884 CC) that I had picked up for 200$ a piece.
The spot on the 1883 is a tad disconcerting and won't hold my breath for the grades of both in general. The niggling doubt in mind is - will it be worth the time, money and effort to send it in for grading?
I get asked this question or something similar at the ANACS table at least once every show I work.
I think it depends on a number of things:
What you paid for the coin.
What the actual market value of the coin is when certified vs. leaving it raw.
What the cost of the grading is.
If what you paid for the coin plus what you'll pay for grading makes sense to you vs. the graded value of the coin, then I say have it graded.
You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
It shouldn’t matter what you paid for the coin. That is the sunk cost fallacy. It definitely matters what the current value of the coin is and what the potential value of the slabbed coin would be.
@vulcanize said:
I have been contemplating for close to almost two years whether it would be worthwhile to send in the two GSA Morgans (1883 CC and 1884 CC) that I had picked up for 200$ a piece.
The spot on the 1883 is a tad disconcerting and won't hold my breath for the grades of both in general. The niggling doubt in mind is - will it be worth the time, money and effort to send it in for grading?
I am not knowledgable enough to 'weigh in' on the should you, or shouldn't you, question.
That said, if you do decide to submit, you might want to consider the oversized 'GSA/IKE' holder offers by PCGS. It would allow you to keep your coins in their original holders.
I agree with you. I'm just pointing out that it isn't a "loser" for the people that submit them.
Yes, and we're both addressing the main point of the OP as to what value of coins "should" be slabbed, and we both make the case that even for cheap coins, it could still make good sense in the circumstances we've described.
That is officially the most agreement I've ever had from anyone on this forum. Are you sure you don't want to reconsider? 😃
I am not knowledgable enough to 'weigh in' on the should you, or shouldn't you, question.
That said, if you do decide to submit, you might want to consider the oversized 'GSA/IKE' holder offers by PCGS. It would allow you to keep your coins in their original holders.
Thank you. All my other GSA morgans are graded and housed in the oversized holders.
The CC of these two years 1883 and 1884 are the most common dates and an MS62 sells for anything between 290$ and 320$ on eBay with the 1884 significantly lower (see the example of NGC MS63+ that sold for 250$).
Perhaps this person got really lucky to snag it but the nagging issue for me is that after all the time taken, effort and money it takes to grade these two and if they come back with not so significantly higher grades, then it is bound to be a very wasteful exercise.
Comments
Can someone really put a value on sentiment? I have seen a couple of sentimental value coins here at CU that were not only slabbed, but the they had a phrase "Dad's Dollar" or something similar added to the the insert.
I have seen some coins, literally pocket change, that were slabbed for one reason or another. While others have been identified as SAMPLE.
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
I have been contemplating for close to almost two years whether it would be worthwhile to send in the two GSA Morgans (1883 CC and 1884 CC) that I had picked up for 200$ a piece.
The spot on the 1883 is a tad disconcerting and won't hold my breath for the grades of both in general. The niggling doubt in mind is - will it be worth the time, money and effort to send it in for grading?
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
I get asked this question or something similar at the ANACS table at least once every show I work.
I think it depends on a number of things:
If what you paid for the coin plus what you'll pay for grading makes sense to you vs. the graded value of the coin, then I say have it graded.
It shouldn’t matter what you paid for the coin. That is the sunk cost fallacy. It definitely matters what the current value of the coin is and what the potential value of the slabbed coin would be.
Personally, any gold coin I will not buy unless slabbed. I think any coin worth $100 or more is worth getting slab to me.
Positive BST as a seller: Namvet69, Lordmarcovan, Bigjpst, Soldi, mustanggt, CoinHoader, moursund, SufinxHi, al410, JWP
I will not buy raw gold coins either.
I am not knowledgable enough to 'weigh in' on the should you, or shouldn't you, question.
That said, if you do decide to submit, you might want to consider the oversized 'GSA/IKE' holder offers by PCGS. It would allow you to keep your coins in their original holders.
Source
That is officially the most agreement I've ever had from anyone on this forum. Are you sure you don't want to reconsider? 😃
Thank you. All my other GSA morgans are graded and housed in the oversized holders.
The CC of these two years 1883 and 1884 are the most common dates and an MS62 sells for anything between 290$ and 320$ on eBay with the 1884 significantly lower (see the example of NGC MS63+ that sold for 250$).
https://www.ebay.com/itm/174948321952?hash=item28bbbb8aa0:g:Ec8AAOSwl7VhSjL1&nma=true&si=%2FeMWGFbtqKHlOez5kcSl4Dv3aYo%3D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557
Perhaps this person got really lucky to snag it but the nagging issue for me is that after all the time taken, effort and money it takes to grade these two and if they come back with not so significantly higher grades, then it is bound to be a very wasteful exercise.
Cheers.
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091