Coins not worth getting certified?
logger7
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We have seen the premiums come down on type gold so that unless many of the issues grade MS63 and above the cost of submission is not justified. Other popular series such as Walkers and Morgans need to grade gem or better or the $20 or so submission fee, shipping, is not justified. Exceptions would be better varieties, pl and other value added results. I know dealers who will not submit coins generally unless they will be worth $400 or more in the holder.
Where do submitters here draw the line on what they send in?
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If I really like the coin (gold toner, etc), or if I think I can profit more from it being graded. If I think it's borderline, I keep it raw.
As a collector I say the cut off is $200 or more in plastic.
bob
When in doubt, pass.
Keep it raw
BHNC #203
Typically $150-200 unless I can send it bulk.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
@Treashunt I agree with you. It is like remoding a home, if you are not sure that when you sell it that the buyer would be willing to pay for your "upgrades" then don't do it expecting it to add value. If the coin however is older (1964 earlier), and you think it could gain value in a holder (ms63 or higher), authenticate it, and bring value, then I would get it graded. One consideration is that cost rise so assuming the cost of grading will only go up, then grading now could save money if the coin is something you feel will be a desired collectable. Bullion=no unless limited production/mintmark, same for sets & commemoratives.
Best place to buy !
Bronze Associate member
the OP's point makes sense if you are trying to profit from a coin purchase --- encapsulation --- sale type of transaction, otherwise I don't see any need to justify the cost of a submission.
"Profit" .................is the point to be made.
Slab anything you want.
Pete
When I can't buy one to fill a hole.
I haven't needed plastic to sell anything upwards of five figures.
I would imagine you could have gotten a little more out of some of those 5 figure sales if they were certified. Just speculation.
I am pointing here to both collector submissions and dealer submissions, big and small.
You have collectors who may or many not send in coins to be certified, but clearly there are reasonable floors for any given category. And dealers as well as collectors often misjudge a coin or two on submissions, thinking it was better or worse than it grades. The value of certification of coins over a reasonable figure, say $200-$300 cannot be understated; the three graders as well as the grading company making serious judgments on condition and lack of impairment are vital consumer protection areas.
I do not look at coin value as much as 'how much more could I sell it for in plastic' (after waiting a couple months for turnaround)