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Threshold Value™ on having a coin graded?
Shamika
Posts: 18,785 ✭✭✭✭
An earlier thread got me thinking about threashold values™ for grading raw coins. Personally, it would be unusual for me to spend more than $150 on a raw coin and I would likewise rarely consider selling a coin raw that was worth more than this same amount. What is your thinking on this topic?
Buyer and seller of vintage coin boards!
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"our doubts are traitors and make us lose the good we oft might win by fearing to attempt"
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64 Morgan upgrades to 65... no
65 Morgan upgrades to 66... yes
XF-AU $5 Lib upgrades to 61? no unless you can't tell if it's real. LOL, still scrap.
Detailed discussion does not follow
<< <i>It's not about the % of value of the cost vs grading fee, but the potential value added. Includes both grade and saleability.
64 Morgan upgrades to 65... no
65 Morgan upgrades to 66... yes
XF-AU $5 Lib upgrades to 61? no unless you can't tell if it's real. LOL, still scrap.
Detailed discussion does not follow
How about XF-AU $2 1/2 and $5 incuse designs upgrades to MS61-63? People tend to undergrade that series due to design.
At about 600. (again excepting some gold and modern PM) I think it becomes more paramount.
This isn't to say all these coins should be graded, but quite often when SELLING them, they will need to be. I personally have cracked out coins above both those thresholds, and have not had them re-graded ... yet.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
<< <i>It's not about the % of value of the cost vs grading fee, but the potential value added. >>
This is absolutely true with moderns.
<< <i>They're real and I don't need a TPG to look at an MS63 (per JA) and stick it in a case that says AU55. >>
Hmm, but isn't soliciting JA's opinion just the same as asking our host to take a look at it?
Either JA or our host's standard for that type of coin must be looser (or tighter) than it should be.
<< <i>I've got a lot of 1-10K coins still raw from Stacks. Not slabbed and frankly I don't care. They're real and I don't need a TPG to look at an MS63 (per JA) and stick it in a case that says AU55. >>
Let us know what happens when it comes time to sell and your offered XF money for them.
<< <i>Keep in mind, however, that I'm... an admirer of Poor-01 coins. >>
Of course these coins are more admirable (and valuable) when they're in plastic.
<< <i>I consider coins worth more than $150 raw to be worth the PCGS grading fees. Any coin worth more than $300 should be TPG graded. >>
Having a coin slabbed makes it easier to sell, because there is less chance of the grade being disputed. Here's a real-life example. In the 1967-1975 timeframe, I bought lots of common date Walkers out of original rolls. Most of them are still raw, but if I want to maximize my profit, I'll have them slabbed. If I put them on eBay, I might get MS63 money if I don't put a reserve on them. There's a good chance that they won't sell at all. On the other hand, if they're slabbed they stand a much better chance of selling. I'll still make a profit on MS64's, even after grading and selling fees; if some of them make MS65 or better, it's definitely worthwhile.
Jim
<< <i>I've got a lot of 1-10K coins still raw from Stacks. Not slabbed and frankly I don't care. They're real and I don't need a TPG to look at an MS63 (per JA) and stick it in a case that says AU55. >>
If you never sell them, it doesn't matter.
If you do sell them, you'll just need to find someone that agrees with your assessment.
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