IT'S CHEAPER TO BUY THAN TO MAKE MODERN REGISTRY COINS
Steve
Posts: 3,312 ✭✭✭
Personal experience. Last year I sent my Lincoln cent from the 2004 proof set to PCGS. They graded it PR68DCAM, one of only 16 so graded. I wanted a PR69DCAM for my collection so I bought it on EBAY. The two coins look exactly alike so as far as I was concerned that was the last time I'd try to make one of these myself.
This year I ordered and received my proof set as usual. Last Thursday I went into EBAY and ordered a 2005 S Lincoln proof cent in PCGS PR69DCAM as a Buy it Now for $15.24 including postage. Today, 5 days later I have my registry coin in hand.
My experience is that in the case of these modern coins, it is a crap shoot to send them in to PCGS for grading assuming you will get the normal PR69 grade. I believe the bulk dealers who submit and have the sorting privilege so that if the coin doesn't make PR69 or PR70 it is not slabbed make it useless to do it yourself if you are just a collector. I pride myself on the number of nice grades I have gotten from PCGS on coins I have submitted from my raw collection over the years, but as far as these last few years of proofs are concerned, let the dealer do the submitting. It is just not worth the money or the time to try to make them yourself. JMHO. Steve
This year I ordered and received my proof set as usual. Last Thursday I went into EBAY and ordered a 2005 S Lincoln proof cent in PCGS PR69DCAM as a Buy it Now for $15.24 including postage. Today, 5 days later I have my registry coin in hand.
My experience is that in the case of these modern coins, it is a crap shoot to send them in to PCGS for grading assuming you will get the normal PR69 grade. I believe the bulk dealers who submit and have the sorting privilege so that if the coin doesn't make PR69 or PR70 it is not slabbed make it useless to do it yourself if you are just a collector. I pride myself on the number of nice grades I have gotten from PCGS on coins I have submitted from my raw collection over the years, but as far as these last few years of proofs are concerned, let the dealer do the submitting. It is just not worth the money or the time to try to make them yourself. JMHO. Steve
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Comments
<< <i>So that's what you think for proofs...what do you think about for business strikes? >>
It's cheaper to buy already slabbed coins than sending them in.
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<< <i>So that's what you think for proofs...what do you think about for business strikes? >>
All my current Lincoln cent business strikes are sitting in my Capital Holders. I just can't see the value in getting them slabbed. I KNOW they aren't top pop so I let my Memorial business strike registry sit with the 1970 small date, the 1972 doubled die, and the 1995 doubled die, the only three businees strikes I have had slabbed. Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
Been doing that for years. But sometimes I still submit a proof set for fun, but only if it doesn't have any dogs in it - those 8dcams are tough on your grading ego.
“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!
Ironically, I think the best deal on the 70Dcams is also via the volume dealers. Even with sight-seen coins I have trouble telling a 70.
I also have concluded that unopened sets rarely provide a payback.
Badger
Link to 1950 - 1964 Proof Registry Set
1938 - 1964 Proof Jeffersons w/ Varieties
What absolutely BAFFLES me is I just received a Bison nickel in PR69DCAM the other day and it looks like someone sneezed on the obverse. I was able to switch the coin out with the dealer...but GOOD LORD....who at PCGS would give this coin a PR69DCAM designation??? It really makes me wonder......