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When to send a coin in for grading?

erwindocerwindoc Posts: 4,927 ✭✭✭✭✭

Just went to a local show and was fortunate enough to pick up some nicely toned Washington silver quarters which I originally intended for my toner album. Looking at them sitting in there in with the others got me thinking I should consider sending them in for grading, but then they look nice in the album.

So, at what point do you decide, "Im going to send this coin for grading?"

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    jwittenjwitten Posts: 5,076 ✭✭✭✭✭

    If I think I can make money off of it being in a holder, or if I REALLY like the coin.

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    RayboRaybo Posts: 5,273 ✭✭✭✭✭

    @erwindoc said:
    Just went to a local show and was fortunate enough to pick up some nicely toned Washington silver quarters which I originally intended for my toner album. Looking at them sitting in there in with the others got me thinking I should consider sending them in for grading, but then they look nice in the album.

    So, at what point do you decide, "Im going to send this coin for grading?"

    Never in my case, I always buy the coin.

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    lkeigwinlkeigwin Posts: 16,887 ✭✭✭✭✭

    Depends on what I'm building.

    I have a large cents Dansco and I recently added a very choice 1799. When it comes time to sell I'll probably have it graded. For now it looks great in the album.
    Lance.

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    Walkerguy21DWalkerguy21D Posts: 11,150 ✭✭✭✭✭

    Lance, I drool every time I see that coin.
    You can sell it to me raw, no problem!!

    Doc - keep 'em in the album for now. You know this series....down the road, if you think you can score a high grade = more $ by slabbing the best of them, do it then.

    Successful BST transactions with 170 members. Recent: Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
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    ldhairldhair Posts: 7,123 ✭✭✭✭✭

    I used to send a lot of coins in just because they were pretty. Now I look at if it's worth the cost.

    Larry

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    Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @Raybo said:

    @erwindoc said:
    Just went to a local show and was fortunate enough to pick up some nicely toned Washington silver quarters which I originally intended for my toner album. Looking at them sitting in there in with the others got me thinking I should consider sending them in for grading, but then they look nice in the album.

    So, at what point do you decide, "Im going to send this coin for grading?"

    Never in my case, I always buy the coin.

    So does the OP. When would you have a raw coin you bought slabbed - never? When I buy a coin it's already slabbed so I cannot answer the OP's question intelligently. :(

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    aclocoacloco Posts: 952 ✭✭✭

    WDP - WOW!....just WOW!!

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    BaleyBaley Posts: 22,658 ✭✭✭✭✭
    1. Estimate the Lowest the coin could possibly grade, on a bad day.
    2. Move down one more grade, and look up the wholesale value.
    3. Subtract the amount you paid, then subtract the submission fee and shipping and insurance costs
    4. If the amount is negative, don't submit.
    5. If the amount is positive, decide if it is large enough to compensate for your time and effort. If it is, then submit.

    Liberty: Parent of Science & Industry

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    Sandman70gtSandman70gt Posts: 979 ✭✭✭✭✭

    What @Baley said !!

    I've been using $300 retail value as a minimum to be slab worthy, but I have slabbed others with less value to go in registry sets.

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    PTVETTERPTVETTER Posts: 5,880 ✭✭✭✭✭

    I get them graded when it maybe a question as to ATvs NT

    Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211


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    rickoricko Posts: 98,724 ✭✭✭✭✭

    Will you be selling the coin(s)? Do you (or the coin) require authentication? Are you doing a registry set? Do you just want the coins graded and protected? All those are reasons to have them slabbed... and, of course, there are reasons not to.... Choice is yours. Cheers, RickO

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