Submission price point?

WACoinGuy

Just curious, do members have a price point in mind before they'll consider submitting coins (e.g. you won't submit a coin unless it's worth more than a certain amount, or you'd definitely submit any coin that's worth more than a certain amount)?

Striker

I know I do. It all depends on the series though. Different ones will have different dollar amounts I hope to see with them before I'll send them in.

On a side note is there something behind the WAC in your user name? I have one possible idea but not sure if its correct.

fcloud

I prefer coins of a value of $50 or more. I will send in lesser value coins if I need them for one of my sets.

BigD5

Usually nothing under $100. $100-$150 usually to ANACS, and over $150, to NGC. Usually doesn't mean always.

airplanenut

<< <i>On a side note is there something behind the WAC in your user name? I have one possible idea but not sure if its correct. >>

My vote goes for Washington (state) Coin Guy...

WACoinGuy

Yep -- Washington State Coin Guy

The main reason I ask is that I'm debating whether to submit some of my lower grade uncirculated Liberty Nickels to be graded. On the one hand, it would be kind of nice to have the full set slabbed. But on the other hand, it would incur a bit of cost, and I'm not sure it's worth it for some of the coins worth $100 or less.

gmarguli

I'll submit when the value of the coin will rise more than the cost of slabbing. It's that simple.

Mrpawn

Value of the coin is often the determining factor for me, but not always. Sometimes just because I want it in a slab thus reducing the chance of damage. I once submitted a $30.00 coin just because I wanted to prove it could be in a PCGS holder. Private bet for a couple "free" $8.00 breakfasts.

Gilbert

I slab the coins I intend to keep, most times, regardless of value. I just find encapsulation to be the best method of preservation; and it certainly doesn't hurt (well it hasn't so far) when disposing of them.

danglen

I agree with Greg. I submit if I think the upgrade in percieved value will be more than the cost to get the coin slabbed. But I also send in coins that I want to keep for my personal collection (e.g. I have a bunch of slabbed hippo coins).

sinin1

Different service levels (speed) have different price pts for me.

The price point also is related to what I think it would grade. Since I am not really "collecting" any full series, it would go into my type set - until I sell it to buy something else that I think is more cool.

I ask myself, if it gets the grade I think, will it increase the coins value by $xx ?
This depends many times on the series - and the price difference between grading levels.
With most date Liberty nickels MS60-MS63 rather close value, big jump form MS64 -> MS65 on most dates.
If I thought I had a MS65, I would - if I thought I had a MS 61/62 - I wouldn't.

HomeRunHall answered a question a few weeks ago saying to the effect you can look at the population reports to see what dealers/collectors feel the price point breaks are, especially on stuff less than 50 years old.


My thoughts would definitely be different if I had a registry set and was scrambling to get a higher ranking.

WACoinGuy

I'm curious what to look for in the population reports? Is it where the largest number of coins are registered for a date? For the more common dates, this seems to be MS-64 (which makes sense), but it's also true for the keys, and surely I'd think you'd want those to be graded in almost any grade.

A few people mentioned they'd submit if it would raise the value of the coin. I'm not sure what's meant by that -- does that mean you wouldn't submit any coins that you agreed with the grade you had bought the coin for?

sinin1

For the keys, I agree any grade depending on rarity.

For the more common stuff - I would assume that it would be at the grade that the "distribution curve" shows a peak and 1 grade higher.

This is assuming that the majority of coins submitted are from people with very good knowledge of grading - and many of those coins at the peak have been cracked out already if there is a chance and big price jump.