Home U.S. Coin Forum

How many years left before all pre 1964 coins have been through the grading mill?

BLUEJAYWAYBLUEJAYWAY Posts: 8,014 ✭✭✭✭✭

Will basically only moderns keep the TPG's in business? Or will there be new grading criteria to resubmit,resubmit, and resubmit into infinity all the vintage/pre 1964 coinage.

Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".

Comments

  • Mr_SpudMr_Spud Posts: 4,428 ✭✭✭✭✭

    There’s lots of raw coins in albums and 2x2s that haven’t been submitted. But I think there are already more moderns being submitted than older coins already. I’m not sure, but I’ve heard that stated before.

    Mr_Spud

  • jmlanzafjmlanzaf Posts: 31,828 ✭✭✭✭✭

    @Mr_Spud said:
    There’s lots of raw coins in albums and 2x2s that haven’t been submitted. But I think there are already more moderns being submitted than older coins already. I’m not sure, but I’ve heard that stated before.

    Not even close. More moderns have been graded in total, not just annually.

  • SanctionIISanctionII Posts: 11,708 ✭✭✭✭✭

    Quick, let me get the hundreds if not thousands of pre 1964 circulated (from cull, damaged, PO1 to low MS) cents, nickels, dimes, quarters, half dollars and dollar coins that I pulled from circulation as YN from 1963-1978 that I placed into albums, rolls, flips, boxes, bottles and cans (which for some reason I still have in my possession) and submit them all for bulk grading. :)

    Not!!!

  • olympicsosolympicsos Posts: 693 ✭✭✭✭

    Most of what is worth submitting has been submitted already. Unless you found a long lost collection, a hoard or something, there's not much worth grading

  • BLUEJAYWAYBLUEJAYWAY Posts: 8,014 ✭✭✭✭✭

    There probably is only a minority of coins left that justify the cost of submission. That's more of the point I was trying to convey. I realize there are millions of ungraded coins in the field if collecting. I was trying to ascertain how many of those millions are worth grading. Inclusive of coins residing in Whitman folders etc. Coins that may have been obtained from circulation with the usual circulation damage. Or the ones in jars etc.

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • jmlanzafjmlanzaf Posts: 31,828 ✭✭✭✭✭

    @BLUEJAYWAY said:
    There probably is only a minority of coins left that justify the cost of submission. That's more of the point I was trying to convey. I realize there are millions of ungraded coins in the field if collecting. I was trying to ascertain how many of those millions are worth grading. Inclusive of coins residing in Whitman folders etc. Coins that may have been obtained from circulation with the usual circulation damage. Or the ones in jars etc.

    Most collections are still raw.

  • JimnightJimnight Posts: 10,805 ✭✭✭✭✭

    @tommy44 said:
    I' sure there are millions if not tens of millions of "vintage" pre 1964 coins that have never been and never will be sent in for third party grading.

    This.

  • ShaunBC5ShaunBC5 Posts: 1,631 ✭✭✭✭✭

    I’ve got a handful of raw coins that are worthy of grading (‘14D Lincoln, some Buffalo nicks, Mercs, Franks). Who knows if they’ll ever be sent in. Maybe by me in a few years, maybe by my son when I’m dead (hopefully decades away).
    I know my collection pales in comparison to what others have raw. The question is kind of what forces are required to get guys like me and my uncle and those with bigger better raw collections to ever submit them for grading? There are plenty out there.

  • BLUEJAYWAYBLUEJAYWAY Posts: 8,014 ✭✭✭✭✭

    @jmlanzaf said:

    @BLUEJAYWAY said:
    There probably is only a minority of coins left that justify the cost of submission. That's more of the point I was trying to convey. I realize there are millions of ungraded coins in the field if collecting. I was trying to ascertain how many of those millions are worth grading. Inclusive of coins residing in Whitman folders etc. Coins that may have been obtained from circulation with the usual circulation damage. Or the ones in jars etc.

    Most collections are still raw.

    How many of those coins within those collections would you estimate are worthy of a grading fee. My collection is raw and no doubt some are gradable. And most likely will remain as such,raw.

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • jmlanzafjmlanzaf Posts: 31,828 ✭✭✭✭✭

    @BLUEJAYWAY said:

    @jmlanzaf said:

    @BLUEJAYWAY said:
    There probably is only a minority of coins left that justify the cost of submission. That's more of the point I was trying to convey. I realize there are millions of ungraded coins in the field if collecting. I was trying to ascertain how many of those millions are worth grading. Inclusive of coins residing in Whitman folders etc. Coins that may have been obtained from circulation with the usual circulation damage. Or the ones in jars etc.

    Most collections are still raw.

    How many of those coins within those collections would you estimate are worthy of a grading fee. My collection is raw and no doubt some are gradable. And most likely will remain as such,raw.

    Local dealer recently bought a full roll of raw SVDB's from one person. Yes, they all straight graded. Personally, I think more than half of VDBs are still raw.

    Slab people overestimate the market penetration of slabs.

    This isn't US coins, but the same local dealer did an insurance appraisal for a UK copper collection. 400 years!! Almost all UNC or Proof. Worth 7 figures. 100% raw.

  • 291fifth291fifth Posts: 23,932 ✭✭✭✭✭

    There is still a big market for raw coins. Just attend about any weekend coin show and you will see lots and lots of raw coins and collectors who want them that way. The coins involved may not be the expensive ones but they are coins that appeal to a large segment of the collecting market.

    All glory is fleeting.
  • erscoloerscolo Posts: 481 ✭✭✭✭✭

    Something that will never happen.

  • PerryHallPerryHall Posts: 45,382 ✭✭✭✭✭

    How many pre-1964 coins are laying in the ground waiting to be found by metal detectorists?

    Worry is the interest you pay on a debt you may not owe.

  • Cougar1978Cougar1978 Posts: 7,611 ✭✭✭✭✭
    edited March 6, 2024 10:00PM

    Well some never will. Example 1963 1c XF

    Have rolls BU cents that I would never slab. Who is going to slab those coins / they would go broke!

    So Cali Area - Coins & Currency
  • PizzamanPizzaman Posts: 226 ✭✭✭

    @BLUEJAYWAY said:
    How many years left before all pre 1964 coins have been through the grading mill?

    If you add up all the mintage figures then divide by the hypotenuse squared you get some 22 years more or less if my calculus is right.

  • relicsncoinsrelicsncoins Posts: 7,859 ✭✭✭✭✭

    Never, unless someone wants to waste their money and start submitting junk silver.

    Need a Barber Half with ANACS photo certificate. If you have one for sale please PM me. Current Ebay auctions
  • ConnecticoinConnecticoin Posts: 12,513 ✭✭✭✭✭

    There are mountains of cleaned, abused, and just plain ugly silver dollars, walking halves, and other silver coins that will never see a grading room. Heck, even now, probably 99% or more of raw silver coins currently offered on ebay will never be graded.

  • JWPJWP Posts: 17,507 ✭✭✭✭✭

    It won't happen. I have 300 plus rolls of cents and they aren't going tobe graded, even if I won the lottery.

    USN & USAF retired 1971-1993
    Successful Transactions with more than 100 Members

  • rnkmyer1rnkmyer1 Posts: 501 ✭✭✭✭✭

    Many valid reasons given in this thread that justify “never”.

    “The thrill of the hunt never gets old”

    PCGS Registry: Screaming Eagles
    Copperindian

    Retired sets: Soaring Eagles
    Copperindian

  • JBKJBK Posts: 14,722 ✭✭✭✭✭

    @jmlanzaf said:

    Slab people overestimate the market penetration of slabs.

    I'm certain this is true.

    When people live in a world of constant slabbing, reslabbing, cross-overs, stickers, etc., they assume that the rest of the collecting world also lives that way.

    There are plenty of people who live and collect outside of that bubble.

  • CRHer700CRHer700 Posts: 623 ✭✭✭✭

    @Pizzaman said:

    @BLUEJAYWAY said:
    How many years left before all pre 1964 coins have been through the grading mill?

    If you add up all the mintage figures then divide by the hypotenuse squared you get some 22 years more or less if my calculus is right.

    It doesn't sound like you actually took calculus. :smirk:

    Cheers, and God Bless, CRHer700 :mrgreen:

  • braddickbraddick Posts: 23,080 ✭✭✭✭✭

    Did you know there were more 1964 Kennedy half dollars minted than all of the Franklin series?
    Yeah, me neither.

    peacockcoins

  • CameonutCameonut Posts: 7,256 ✭✭✭✭✭

    Will never happen in 1000 years.

    “In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson

    My digital cameo album 1950-64 Cameos - take a look!

  • hfjacintohfjacinto Posts: 766 ✭✭✭✭✭
    edited March 6, 2024 6:53AM

    I have a few Pre 1964 coins I don't plan on slabbing. Many are worth to slab,



    And a few after 1994

  • mark_dakmark_dak Posts: 1,091 ✭✭✭✭✭

    @hfjacinto said:
    I have a few Pre 1964 coins I don't plan on slabbing. Many are worth to slab,



    Not sure about anyone else here but it would be amazing if you could open One of those albums to your favorite page and give us a peek.

    Mark

  • hfjacintohfjacinto Posts: 766 ✭✭✭✭✭

    Here are a few pages of "nice" coins not slabbed.







  • Steve27Steve27 Posts: 13,274 ✭✭✭
    edited March 6, 2024 9:13AM

    There are still a large number of collectors who abhor slabbed coins. So even if the grading fees weren't the issue, they still wouldn't have their coins slabbed.

    P.S. I have half a dozen 1964 Accented Hair Kennedy Halves, which I was going to submit until I realized how ridiculous the fees were going to be.

    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • Cougar1978Cougar1978 Posts: 7,611 ✭✭✭✭✭
    edited March 6, 2024 10:11PM

    What kind of stupid question —-lol. Who would pay slab money on my circ rolls of common wheaties / Joe Bizarro Dumbo?

    A lot of pre 64 coins are collector coins not even worth slab cost. It would cost more slab my VG Barber halves than they are worth - insane who has that kind of money lol? For what it all costs to slab a coin I can get a slabbed MS69 silver bullion coin.

    So Cali Area - Coins & Currency
  • PizzamanPizzaman Posts: 226 ✭✭✭

    @CRHer700 said:

    @Pizzaman said:

    @BLUEJAYWAY said:
    How many years left before all pre 1964 coins have been through the grading mill?

    If you add up all the mintage figures then divide by the hypotenuse squared you get some 22 years more or less if my calculus is right.

    It doesn't sound like you actually took calculus. :smirk:

    Well he asked so I gave him my best guess. Yes, what an, um, interesting question. Really one to ponder on. I've lost sleep wondering at it, myself. Still do, sometimes.

  • RonsandersonRonsanderson Posts: 41 ✭✭✭

    When you collect a series that spans, say, 1964, you probably have some coins worth slabbing and a bunch that aren’t. How do you organize it? Do you put all of them in albums, or all in slabs, or a mix?

    Putting them in slabs is probably a lot more expensive than the coin in many cases.
    Storing some in slabs and some in albums means you can’t easily take them all out and look at them.
    Putting them all in an album means you may have to crack out your most expensive coins and lose the authentication and grading. If you plan to be the final owner, that may not matter.

    There are still active markets for ungraded coins, if you think you can find good ones and not merely the ones that won’t achieve a solid grade.

    Some folks like their coins to be more tangible than an entry in a spreadsheet and a slab tucked away in a safe deposit box. I suspect they may be more likely to take the album approach.

    I happen to be in the album camp myself. I think quite a few of my wheat cents may be conditionally rare but the only grading is my own. I have some coins I did buy graded and then cracked out. This especially works if you buy a details coin (let’s say you disagree that it was cleaned) - worst case is that it can be regraded and is guaranteed to get at least that grade back again. In other cases, coins may actually look better than the assigned grade, and again, not much is lost to crack them out.

    Maybe if I sell it someday, someone else will see if all my post-1935 cents are all MS66 and 67. I know what they look like. I don’t feel any reason to have it verified because I really like seeing them in my album.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file