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Try to upgrade or not?

ironmanl63ironmanl63 Posts: 1,975 ✭✭✭✭✭
in U.S. Coin Forum

I sent the coins from my last 2 GTG to CAC and they both got a green bean. The 3cn is in a rattler and the half is in an OGH. I feel that both should upgrade. The question is would you do it? The 3cn is a good jump in price from 64 to 65 at $1050.00. The half is only 200 from 62 to 63. What do you think?



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    BryceMBryceM Posts: 11,941 ✭✭✭✭✭

    If you're selling them soon, maybe. If not, I see no reason.

    You'd lose the OGH, and there's at least as much downside as upside on the half. If it doesn't work you're also out the money to try to get the bean back.

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    CommemKingCommemKing Posts: 2,202 ✭✭✭✭✭

    I think they're fine where they are at.

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    BillJonesBillJones Posts: 36,020 ✭✭✭✭✭

    I would not do it. I think that those coins are graded just as they should be. The three cent piece has toning and spots that are consistent with the MS-64 grade. The half dollar might rate a + grade, but I see some rub too. The benefits would be minor given the cost.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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    cameonut2011cameonut2011 Posts: 11,354 ✭✭✭✭✭
    edited July 17, 2017 5:31PM

    3c --> regrade
    50c --> Reconsideration or leave

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    rickoricko Posts: 98,721 ✭✭✭✭✭

    I would leave them as they are.... the upside is very risky based on those pictures.... They are quality coins right where they are. Cheers, RickO

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    TreashuntTreashunt Posts: 6,748 ✭✭✭✭✭

    @cameonut2011 said:
    3c --> regrade
    50c --> Reconsideration or leave

    agreed

    Frank

    BHNC #203

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    ironmanl63ironmanl63 Posts: 1,975 ✭✭✭✭✭

    Thanks for the input. I am not planning on selling so I will probably leave them right where they are.

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    oih82w8oih82w8 Posts: 13,324 ✭✭✭✭✭

    Let them be.

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

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    1630Boston1630Boston Posts: 14,157 ✭✭✭✭✭

    Keep them as is JMO :smile:

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    DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    I'm in the "leave alone" camp. :)

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    ironmanl63ironmanl63 Posts: 1,975 ✭✭✭✭✭

    For now they will stay the way they are. If I ever decide to sell I will most likely try to upgrade the 3cn. It is way better looking than I was able to capture in the photo. Thanks for all the feedback. I appreciate it!

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    Cougar1978Cougar1978 Posts: 10,127 ✭✭✭✭✭
    edited July 19, 2017 5:29PM

    With all the CAC and grading fees your going to spend on this who is going to pay you the money where you would come out ahead? Have you had success in your eBay store, website, or making money on the bourse at a show? The grading / sticker game is not going to prop up the market - Madoff could probably argue that but wb blowing smoke with me. MS 65 Dollars recently took a 20 percent hit. Classic Commems are flatlined.

    If you have to ask people in a forum if u can get a coin to upgrade I strongly recommend u not waste your money on grading or sticker fees. Go with your own grading skills, submission experience.

    At the Houston summer show I wondered why no MS63 Saints on the floor bc the 06-30-17 sheet showed them at $1230 ($25 above melt!) vs CAC ones at $1350 (sorry no interest) bc I would be interested if somebody had a non CAC one I liked to give away at that price but alas none on the floor and nobody offering me any at my table. Its like they disappeared! MS 64 Saints non CAC shown at $1240 by the sheet just $ 35 over melt. There were some great deals on AGB. It wb interesting how the ongoing repatriated gold coinage flowing from Europe will affect prices on USGTC (I am hearing the sound like an elevator dropping).

    Investor
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    cameonut2011cameonut2011 Posts: 11,354 ✭✭✭✭✭
    edited July 19, 2017 8:52PM

    @Cougar1978 said:
    With all the CAC and grading fees your going to spend on this who is going to pay you the money where you would come out ahead?

    Did you not see the $1k difference on the trime going from MS64 to MS65? By today's watered down standards, it is gem.

    At the Houston summer show I wondered why no MS63 Saints on the floor bc the 06-30-17 sheet showed them at $1230 ($25 above melt!) vs CAC ones at $1350 (sorry no interest) bc I would be interested if somebody had a non CAC one I liked to give away at that price but alas none on the floor and nobody offering me any at my table. Its like they disappeared! MS 64 Saints non CAC shown at $1240 by the sheet just $ 35 over melt.

    I don't blame those collectors/dealers. There isn't much risk to holding the coins as a bullion investment at $25-$35 above melt.

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