Much Needed Help From a Newbie...Get Graded? Sell Raw?
JackWESQ
Posts: 2,133 ✭✭✭
I'm a "regular" on the Sports Cards & Memorabilia Forum. However, this is my first post on the U.S. Coin Forum. My father passed away last Memorial Day and I'm finally getting around to sorting through his coin collection. I believe his collection was fairly substantial, but if I've learned anything from the Cards Forum is that "substantial," "near-mint" or "worth a lot" is little more than an overused and inaccurate term of art.
So, I'm considering having the coins graded. This coming Friday is Collectors Universe Public Friday. Fortunately, my office is about 10 miles from the Collectors Universe headquarters in Santa Ana. I was going to stop by this Friday drop off some coins and cards to get graded. But I wonder, is it worth the $200.00 membership fee (which includes the eight free submissions) to get the coins graded and then sell them? Or should I sell them raw. Analogizing to baseball cards, as a general proposition, it is better to sell graded cards as opposed to raw cards. At the minimum, you represent to the buyer that the cards are "authentic" and "not-likely tampered." But what about coins. Can they be tampered? Well, I guess anything is possible where there's money to be made, so I withdraw that question.
Admittedly, these coins technically belong to my mother. But she has given me her blessing to sell some of them. Perhaps, it might be more beneficial to list some of the coins and the value that value my father assigned to them. I have no idea as to how my father assigned the values, but I suspect it is based on the price guide and his subjective interpretation of the condition of the coin.
1. 1793 One Cent - Chain Back - $1,750.00;
2. 1852 One Cent - $200.00;
3. 1932 D Quarter - $500.00;
4. 1927 S Quarter - $300.00;
5. 1909 S Penny - $175.00;
6. 1932 S Quarter - $500.00;
7. 1921 S Half Dollar - $550.00;
8. 1916 S Half Dollar - $200.00;
9. 1916 S Half Dollar - $175.00;
10. 1921 S Half Dollar - $550.00;
11. 1921 D Half Dollar - $650.00;
12. 1921 Half Dollar - $325.00;
13. 1938 D Half Dollar - $250.00; and
14. 1928 S Quarter - $225.00.
I suppose ultimately, my question is whether to sell raw or have them graded and then sell. Of course, to have them graded will run the $200.00 Collectors Club fee that comes with eight free submissions. But beyond that, I believe 99% of the coins will fall under the $30.00 Regular submission fee. Thoughts? Opinion? All is welcomed and thank you very much.
/s/ JackWESQ
P.S. Of course, there is the issue of whether to go with PCGS at all? Like cards, there are many third-party graders of coins. Should I be considering a different company altogether?
P.S.S. If you like, I can post some pictures of any of the aforementioned coins. Thank you.
So, I'm considering having the coins graded. This coming Friday is Collectors Universe Public Friday. Fortunately, my office is about 10 miles from the Collectors Universe headquarters in Santa Ana. I was going to stop by this Friday drop off some coins and cards to get graded. But I wonder, is it worth the $200.00 membership fee (which includes the eight free submissions) to get the coins graded and then sell them? Or should I sell them raw. Analogizing to baseball cards, as a general proposition, it is better to sell graded cards as opposed to raw cards. At the minimum, you represent to the buyer that the cards are "authentic" and "not-likely tampered." But what about coins. Can they be tampered? Well, I guess anything is possible where there's money to be made, so I withdraw that question.
Admittedly, these coins technically belong to my mother. But she has given me her blessing to sell some of them. Perhaps, it might be more beneficial to list some of the coins and the value that value my father assigned to them. I have no idea as to how my father assigned the values, but I suspect it is based on the price guide and his subjective interpretation of the condition of the coin.
1. 1793 One Cent - Chain Back - $1,750.00;
2. 1852 One Cent - $200.00;
3. 1932 D Quarter - $500.00;
4. 1927 S Quarter - $300.00;
5. 1909 S Penny - $175.00;
6. 1932 S Quarter - $500.00;
7. 1921 S Half Dollar - $550.00;
8. 1916 S Half Dollar - $200.00;
9. 1916 S Half Dollar - $175.00;
10. 1921 S Half Dollar - $550.00;
11. 1921 D Half Dollar - $650.00;
12. 1921 Half Dollar - $325.00;
13. 1938 D Half Dollar - $250.00; and
14. 1928 S Quarter - $225.00.
I suppose ultimately, my question is whether to sell raw or have them graded and then sell. Of course, to have them graded will run the $200.00 Collectors Club fee that comes with eight free submissions. But beyond that, I believe 99% of the coins will fall under the $30.00 Regular submission fee. Thoughts? Opinion? All is welcomed and thank you very much.
/s/ JackWESQ
P.S. Of course, there is the issue of whether to go with PCGS at all? Like cards, there are many third-party graders of coins. Should I be considering a different company altogether?
P.S.S. If you like, I can post some pictures of any of the aforementioned coins. Thank you.
0
Comments
Hard to offer advice with no pics , but do the 1793 chain at PCGS .
Best of luck !
- Marcus Tullius Cicero, 106-43 BC
Rules are the same as for cards. Good stuff needs to be slabbed,
to get max dollars.
If they are dogs they might not be worth the extra $30 slab fee.
But, they might be.............
Need scans to get accurate advice.
///////////////////////////////////////
PCGS is the currency of the realm.
Just as PSA is on the card side.
I am not sure if you join the PCGS as platinum if you can use it right away (since you are local and dropping off, they might let you, I would call and ask them).
That said, if your father was in the ballpark on these (ie...not cleaned and the grade is about right), then I would get anything ~$300+ slabbed if I were selling.
I would also wonder about the coppers...if they were original or recolored (another type of cleaning maybe as well?).
If there are problems with any of them, then you may want to think about NCS (NGC's cleaning/conservation branch of business) and/or ANACS (details holder).
If you were to sell them, I would take the pics and try the BST initially.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
/s/ JackWESQ
Collector since 1976. On the CU forums here since 2001.
I would hate for you to pay to get those graded and then get them bodybagged due to a problem someone could have pointed out.
Would also hate for you to pay to have a "lesser" third party grading (ie....anacs, imho, currently) slab them if they are good enough to get PCGS/NGC.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
find scans of the coins. I'd love to hear your thoughts. If you would like a larger scan of any
individual coin, please let me know. Also, I called PCGS and they said that I could stop by this
Friday for their Collectors Universe Public Friday, sign up to become a member and instantly
use the eight (8) free submissions. Which ones do you think I should submit, if any? Thank
you.
/s/ JackWESQ
Russ, NCNE
Now, just re-read the first 4 words above 10 times.
If it's authentic, the biggie in that group is the Chain Cent. It looks like it may have suffered some corrosion, though.
Russ, NCNE
<< <i>PS: Some of the prices are also on the high side.
If it's authentic, the biggie in that group is the Chain Cent. It looks like it may have suffered some corrosion, though.
Russ, NCNE >>
Can you post a bigger scan of the chain cent?
The 1914-S Barber Half looks about G-4, so would be a $15 coin, not $150. Having a hard time with the scanner light and the details, but you should get a ballpark idea of which are the best 8 before long.
"You Suck Award" - February, 2015
Discoverer of 1919 Mercury Dime DDO - FS-101
1909S Lincoln: F ($90)
1793 Chain Cent - Well, looks around XF details (XF Books at 42k), but I can't tell how bad she is.
1914S Barber Half - G4 ($12)
1908S Indian Cent - F ($60)
1932S Washington Qtr - F ($190)
1928S SLQ - VF ($13)
1852 Lg Cent - F ($21)
1927S SLQ - Good ($30)
1916S Walker #1 AG? ($50?)
1916S Walker #2 AG? ($50?)
1921S Walker Good ($38)
1932D Wash Qtr - F ($170)
1938D Walker - F ($120)
1921 Walker - Good ($145)
1921D Walker - VG ($300)
1921S Walker - VG ($57)
Hope that helps - Maybe some other members can adjust as they see fit.
"You Suck Award" - February, 2015
Discoverer of 1919 Mercury Dime DDO - FS-101
<< <i>1932S Washington Qtr - F ($190) >>
You have any Fine 1932-S Quarters you'd like to sell?
Russ, NCNE
Russ, NCNE
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Ed. S.
(EJS)
Edit to add: coins like that deserve better accomodation than some scrawly old 2x2 holders, for sure.
Collector since 1976. On the CU forums here since 2001.