1974 S Kennedy Half dollar.
ERingus
Posts: 128 ✭✭✭
ERingus
Posts: 128 ✭✭✭
ERingus
Posts: 128 ✭✭✭
Comments
Common proof coin. Is there a question?
Nice looking proof Kennedy. Cheers, RickO
A nice coin @ERingus
Here is a relative.
Wayne
Kennedys are my quest...
Nice coin all
@jmlanzaf actually, wouldn’t this be something I would get graded? I’m going to the coin expo and don’t know if that’s something I would do there or send it in to have graded?
What grade did you think it is? How much will a siabbed coin in that grade be worth?
@JBK i don’t know the answer to either of those questions, hence the reason I asked if that is what I should do. If I knew all the answers to what I’ve been asking then I probably wouldn’t have asked. I thought having a coin graded was to have more knowledge of what is actually in your collection. 😎
If you are spending $40 to slab a coin that is then worth $7, what have you gained?
Having a coin graded can be educational, if you are asking for determination of a variety or something like that. There is no question of what that coin is and no point in slabbing it unless:
1. You think it is exceptional and will benefit in value from the designation of its exceptional condition.
2. You have excess money and just want to preserve your coins that way.
Here's the answer to your questions:
https://www.ebay.com/itm/293195523349?hash=item4443d0a515:g:ykQAAOSwtzVfdQdm
And if I may be so bold: you should NOT be submitting anything for grading. You would be spending irrecoverable dollars to learn something that you could learn for free. Once you have learned about grading and value, you can think about submitting coins. If you don't know how to grade or how to establish the value of the coins in that grade, you are just throwing money away.
In my humble opinion, of course.
It's just my opinion and there plenty of others out there to consider, but newer collectors should forget about getting coins graded. There will be exceptions, of course, but for the most part it will simply be very expensive tuition.
The two questions I asked are an integral part of getting coins slabbed for grade.
If you will consider getting coins graded you need to start with knowing the costs of grading and the potential value afterward. If you need help on judging the grade before you decide, then thar is where people here can help.
It's all part of the learning process.
Around 95% of all 1974-S proof Kennedys are PR69 DCAM. You can buy one already graded for $13, it'll cost you $50 to get a raw one graded. The only reason to get such a coin graded is if one expects it'll grade PR70, but knowing this isn't much help unless one is an experienced grader.
Thank you all for the heads up. I, of course, always believed that coins should be graded and assumed that was something everyone did. Of course this explains why I couldn’t find the correct answer to that. I am just enjoying the search and peace I feel when doing research. My full time job involves research and investigating that’s not even close to this or even peaceful so it’s my down time activity that I wish I would have started as a teenager. I don’t even have any coins other then one that would even meet that criteria anyway, but the help was much appreciated. Thank you again! I will still be asking pain in the butt questions in 10 years from now. Ha, it’s in my DNA.
Keep asking. That's what I meant about learning for free.
@jmlanzaf I will for sure. If I don’t ask I will never know and that wouldn’t be very fun. Plus it would be terrible if I continued doing the wrong thing and coming back with the same things because I’m not listening. That’s the whole definition of insanity, lol. I promise I will continue to prosper and maybe even be able to share at least one amazing find. Even if it’s just finding knowledge. I’m going to go read what’s been shared and then I’m going to post, if I have any, images of what I’ve learned versus what I actually have.
@ERingus - some great advice/information provided here. Some other considerations:
Costs
If you are not planning on selling, then Acquisition cost + Grading costs + Undetermined costs best be close to current value for specific grade and characteristics of the coin (characteristics = strike quality, eye appeal, toning, CAC sticker, attribution, etc). If not, then you better have a good reason to spend that money, assume the loss, and hold the coin in your collection.
OTOH, if are planning on selling, then Acquisition cost + Grading costs + Costs of Selling + Undetermined costs should ideally be less than the current value for specific grade and characteristics of the coin.
To me I place value on graded coins, given that there is greater ease of resale, the slabs preserve the coins reasonably well, and I like to collect slabbed coins. But, the maths have to add up.
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor