Upgrading and selling you more valuable coins
mercurydimeguy
Posts: 4,625 ✭✭✭✭
If you could send in the more valuable coins in you collection for regrading and they upgraded by a full point, would you keep them in the upgraded holder or sell them if the price of the value of the coins in the upgraded holders increased by >50%?
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I would keep them if I liked the coin, but if your asking your already probable leaning Keep
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I'd keep them.
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My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
There are a few I would sell but the majority I would keep. I don't need the money and any I did sell I would likely immediately replace.
I've sold them in the past, and then I feel terrible and end up trying to replace them with the same type of coin, and usually like it less and pay more than I sold the original for.
If you're a crack-out artist, flipper, dipper, quasi-dealer, vest-pocket dealer, or actual dealer, the recipe for success is to churn & dump (upgrade and sell).
If you're a collector, I'd only have coins regraded AFTER you decide to sell them. You can often leave money on the table if you don't. Just playing the upgrade/regrade game only promotes grade inflation and encourages the TPGs to keep the musical chairs upgrade game going. The coin itself isn't changing, and even in a "better" holder, prices realized often don't change that much. (You paid up for a PQ coin that returns only a weak price at the next grade up.) Sometimes these two prices are remarkably similar.
This is a game I do not play.... I have some coins that would very likely upgrade (our former forum member Russ pointed out a few).... for me, it is not important....the coin is what I like, not the slab.... I suppose if I were a seller, that would change though. Cheers, RickO
Depends on the coin. Some were purchased for the tone, some for the variety and some were just too good of a deal to pass on.
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Depends on if I have an emotional attachment to the coin
I'd keep them. The only reason to go for upgrades would be if it's time to sell.
Agreed.
That is, if you plan to keep it, why gamble the expense of an upgrade?
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Unless, after upgrade, I think the coin is over-graded, I will keep it. 50% price jump might not have enough incentive to take profit
Watching my BU and proof Barber dimes steadily decrease in value the past 10 years (due to gradeflation, basically) makes me think that I have to upgrade all of them before I sell them. I sold the B-grade and C-grade coins from my set two years ago, and many of them turned up in higher grade holders in Heritage auctions within a few months- including some with CAC stickers. Those were the ones I thought had no chance to upgrade. What about the ones I thought were undergraded by one or two points even 10 years ago, then? Would you sell an 1895-O in PCGS 64 that was graded 11 years ago and never tried for a CAC sticker or an upgrade? I may want to sell these this year, as I really only collect Seated material now, with an occasional Bust thrown in for good measure. Replacing them is not likely going to be an issue.
It is nice to have a higher graded coin that other people also agree on. But I can't see a reason to down grade my collection in exchange for a profit. It will always bother me to know that I "used" to have a better coin.
I usually take the profit but I'm stuck with this PR Barber half even after 2 points upgraded. I would still lose money selling into today's market.
A very nice half dollar.... that one has been well cared for.... Cheers, RickO