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You "Make" a coin and it's TWO grades better! What do you do?

braddickbraddick Posts: 24,145 ✭✭✭✭✭
in PCGS Set Registry Forum
Let's say you're working on an Ike set and one of your submissions comes back two points up! For example, it's MS67 that is worth $10,000.00+ (call it the 1971-P). Now, would you keep the coin or sell it? Selling it reaps instant rewards of profit, but keeping it adds two points to your Registry. (Obviously you would subsitute the coin of your choice in the example above.)
What would you do?

peacockcoins

Comments

  • kieferscoinskieferscoins Posts: 10,017 ✭
    Sell. 2 points is not alot and you can make many sets of other coins you like with the money.

    Cameron Kiefer
  • andy007andy007 Posts: 475 ✭
    if it is enough money to not pass up like the example you gave on the 71-P Ike, it would be for sale
  • DeepCoinDeepCoin Posts: 2,781 ✭✭✭
    It all depends upon how important the cash is to you. For example, someone with a collection like High Desert would probably keep the coin as he has many extremely valuable coins. Myself on the other hand would see the coin, upgrade one grade less and use the rest on expanding my collection.
    Retired United States Mint guy, now working on an Everyman Type Set.
  • khaysekhayse Posts: 1,336 ✭
    Boy that's a good question, similar to the "what if you won
    a lottery question."

    If it were in a short series like Ikes I would probably keep it
    because the two points (or more since they are weighted) would be
    tough to overcome. That is, it would give you a tremendous boost.

    It if were a longer series like Walkers where I'm only 65% done
    then I might sell it. I could buy several coins I don't have
    by selling one big, expensive coin and really make a move up
    (in terms of points, not positions).

    -KHayse
  • FairlanemanFairlaneman Posts: 10,423 ✭✭✭✭✭
    For Sure KEEP the Coin and Not for either of the Reasons Stated. If that did happen it would make No Difference too Me point wise or Money Wise because Originally I liked the Coin when I bought it and Now with the New Grade it just has given Me a Extra Bonus for Still Owning the Coin.
      This is a Contradiction of How I handled the NGC Coins I use to Own but For Sure this Guy has Learned his Lesson about Selling Nice Coins Just for Registry Points.
        Ken
      1. keetskeets Posts: 25,351 ✭✭✭✭✭
        it would be a tough decision, but probably the windfall would be to tempting. shop it for a while and sell.
      2. BRdudeBRdude Posts: 1,079 ✭✭✭
        Definately keep it, it's called "equity"imageimage You can be it isn't going down in valueimage
        AKA kokimoki
        the right of the people to keep and bear arms shall not be infringed
        Join the NRA and protect YOUR right to keep and bear arms
        To protest against all hunting of game is a sign of softness of head, not soundness of heart. Theodore Roosevelt
        [L]http://www.ourfallensoldier.com/ThompsonMichaelE_MemorialPage.html[L]
      3. TypetoneTypetone Posts: 1,621 ✭✭
        If you are a sophisticated collector of the series, and the coin is accurately graded, keep it. If I made a 71P in 67 or a 76D Type 2 in 68, it would become the centerpiece coin of my collection. Of course, if you felt it was overgraded, you might want to sell.

        If I wasn't really a collector of the series, I would probably sell. Example, I don't collect Jeff nickels except for type pieces. Suppose I found a great looking raw piece in a local dealers tray, and submitted if. Let's say it came back 68FS. Then I would sell it to a major Jeff guy, because its probably worth more to hime than to me.

        BTW, did you make a 71P in MS67? If so, give me a shout.

        Greg
      4. BearBear Posts: 18,953 ✭✭✭
        Braddick - Coin collecting is just one aspect of ones total life style. To be considered is financial security,(savings, paying down debt , college fund, new home fund, retirement fund), improved life style (vacation, new car,travel) ,charitable undertakings, and finally funding to take your coin collection into new and exciting directions. The answer you come up with will be based on your age, family commitments , financial condition and wherever your hopes and dreams take you. This would seem a wonderful conundrum to seek a solution for. Bear
        There once was a place called
        Camelotimage
      5. littlewicherlittlewicher Posts: 1,822 ✭✭
        Braddick, spill the beans.image Did you make an "unexpected" grade?image


        For some life lasts a short while, but the memories it holds last forever.
        -Laura Swenson

        In memory of BL, SM, and KG. 16 and forever young, rest in peace.
      6. supercoinsupercoin Posts: 2,323 ✭
        Being both a dealer and enthusiast of Ikes, I have had this happen to me with this precise date -- well, not MS67, but MS66. image

        I found a beautiful 1971-P Ike at a local dealer for $3, which later certified MS66. I kept it for a while, then sold it. My logic at the time was that if I could sell it for $1000, then keeping it was the same as paying $1000 for it. And since I could not justify paying $1000 for one Ike, I should sell it. (Actually, it was less than $1000, but it's not quite as painful this way!)

        It made perfect logical sense. However, I've regretted selling it to this day -- not because of the rise in value, but because I haven't found another example I like as well.

        So, I guess today I'd say -- if you think you can replace it with another that "does it" for you, then sell. If not, hey, it's only money*, and you're a collector. image


        * Does not apply if you're forgoing a kidney transplant to buy coins.
        imageLibertarian Party
      7. Coin FinderCoin Finder Posts: 7,205 ✭✭✭✭✭
        If I did not think it was a 67 or even a 66 I would sell it. If it was i would keep it because that coin would be moneymaker later on as well.
      8. DHeathDHeath Posts: 8,472 ✭✭✭
        Braddick,

        I still own every nice coin I've made, because it's the only way I can justify owning expensive coins. If you're a collector with a kids in college like me, you just aren't going to buy a $10,000 coin. That doesn't mean I don't want one. If I make it for $13.00, it's a $13.00 coin that someone would pay $10,000 for. I agree with Greg that if it's a series I'm not interested in and I get lucky, I'll sell and spend the proceeds on my interest. The goal for me is still to assemble the nicest set I can with the money I'm willing to dedicate to the hobby.
        Developing theory is what we are meant to do as academic researchers
        and it sets us apart from practitioners and consultants. Gregor
      9. keithdagenkeithdagen Posts: 2,025 ✭
        Pat,

        Scan the coin, share the pics, and show us what you made. image

        If it is a "monster" grade, like a 67 Clad Ike, 68 Washington quarter, 68 Kennedy, etc..., keep it. They are hard enough to find pre-certified and it will always be a coin with a story.
        Keith ™

      10. keetskeets Posts: 25,351 ✭✭✭✭✭
        the only thing wrong with the logic that says "keep it" is that you need to consider what would happen to the selling price if another coin or two makes the same grade? it's easy to say keep it until you see a potential fortune slipping away, leaving you with those two wonderful points that Pat spoke about. i say sacrifice one point and pad the bank account.


        typetone----the person who finds a jefferson in 68FS would be a fortunate finder, indeed!! besides the SMS, there is probably no more than one or two coins in the ENTIRE series that grade that high. Sell, Sell, Sell!!!image
      11. dbldie55dbldie55 Posts: 7,731 ✭✭✭✭✭
        If I submitted an Ike and it came back worth more than my grading fees + $1 I would sell it in a heart beat. If I submitted a coin I like, and it came back worth more, I would keep it.

        If I had a coin that I liked, and I sent it in to a grading service, and it came back with a higher grade that I expected, I would keep it. Obviously it is the "same" coin and would have the same value with me. The fact that people who collect numbers on a plastic holder may place this in a higher monetary category than me would mean nothing.

        Most people (99.9%) do not give a sh*t about the registry(unless there are only about 1,000 people collecting), so this entire thread is meaningless. Most people actually collect coins, not numbers on the holders containing them.
        Collector and Researcher of Liberty Head Nickels. ANA LM-6053
      12. supercoinsupercoin Posts: 2,323 ✭
        Most people (99.9%) do not give a sh*t about the registry

        So by virtue of your continued posts in the PCGS SET REGISTRY FORUM.... welcome to the 0.1%!
        imageLibertarian Party
      13. raycycaraycyca Posts: 1,647 ✭✭✭
        I'd have to say sell the coin. If it's "worth" $10,000 as a pop 1, what's a pop 2 worth, $6,000? That's a $4,000 drop. That will but a grade less and a pretty nice profit with a lot of extra or upgraded coins. JMHO.
        You only live life once, enjoy it like it's your last day. It just MIGHT be!

        image
      14. BcsicanBcsican Posts: 1,068
        If its a pop one sell it pop two cut the price almost in half, how many pop one coins exist?
        not many... take the money and run.....An interesting senerio,

        I once owned the pop one Kennedy 2000 P MS 68 its now a pop three, and I owned the 95 D MS 68 that at that time was a pop 3, now a pop five, its only a matter of time before I do it again. yes an increase in price, but worth the wait to " do it AGAIN". popS RISE prices fall....
        BCSICAN

        "Because I can"

        myurl The Franklin All Old Green Holder Set
      15. BRdudeBRdude Posts: 1,079 ✭✭✭
        Pop 2, 3, or even 4 or 5 coins are still nice coins,(in MSimage) and can be quite pricey depending on how the numbers rise. It is and has to be totally up to the person, coin and circumstancesimage
        AKA kokimoki
        the right of the people to keep and bear arms shall not be infringed
        Join the NRA and protect YOUR right to keep and bear arms
        To protest against all hunting of game is a sign of softness of head, not soundness of heart. Theodore Roosevelt
        [L]http://www.ourfallensoldier.com/ThompsonMichaelE_MemorialPage.html[L]
      16. zepzep Posts: 81 ✭✭
        I'd say it depends on what you think of the coin. Do you believe and will others believe it is a "67 coin?" I've turned down many highly graded coins because I disagreed with the grade on the holder. Other knowledgeable collectors will look closely at it too, so again, do you believe it is a 67? Then you have got to weigh the likelihood that others will turn up. For modern coins the probability is high.
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