What's the most you've ever paid to upgrade a coin by one point?
MrEureka
Posts: 24,419 ✭✭✭✭✭
What's the most you've ever paid to upgrade a coin by one point? Not by resubmitting, but by buying a new coin and selling the old.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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I've never done that. It takes more than one point to get me to upgrade. It also takes a big jump in eye appeal.
I'm with Bill on this.
it's crackers to slip a rozzer the dropsy in snide
I paid 5K to upgrade a Central American Republic 2 Escudos from 64 to 65. The 64 is a great coin, but the 65 is clearly better. Still, it was only worth doing because I'm trying to build the ultimate set.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
How much have people paid for a plus? 38-D nickel in 67+ anyone??
Anyone who plays in the registry to acquire condition rarities has done this. In many cases it’s idiocy, but other times it seems reasonable to do. I’ve probably paid around $5-7k to do this for certain coins in my Peace set. Financially, I did fine when I sold it. I focused more on actually finding a better coin than a higher grade though.
About $300k. Twice
First was 1884 trade dollar going from 65 to 66
Second was 1795 dollar going from 65 to 66
I hate to even think about some of the two point pricing...
$4000. The 63 was worth $1750 and paid $5750 for an exceptional 64. Market value for a 64 was about $3250 at the time. I really paid up but the coin looks better than most 65s.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I'd tell you, but I'm almost certain that the I.R.S. has hacked into my system. Let's just play it safe and say I never have.
I suppose I have but nothing noteworthy or interesting.
Experience the World through Numismatics...it's more than you can imagine.
I end up with both
Best place to buy !
Bronze Associate member
I did a swap and only netted a few bucks to down grade from a 62 to a 60 once.
11.5$ Southern Dollars, The little “Big Easy” set
Zero. I think that's silly and wouldn't do it even if I did have the resources of the rest of the people on this forum.
Without a fixed standard for "grades" paying more for a coin labeled better by one arbitrary point is illogical - unless the coin was, in your opinion, a significant improvement. (But, that ignores the point thingy....hmmmm...a conundrum.)
You don’t think it ever makes sense to pay any amount to upgrade? I’m willing to bet all your coins are not in poor condition. I suppose if you don’t collect series or certain specific types then there really is no concept of upgrading unless you actually sell the duplicate (if you consider it a duplicate at all).
I collect a little differently than most do. If I have an example of something, I'm happy. If it looks like I fished it out of a sewer or mint fresh, I don't make any distinction. I just note that I have it and make a scan of it. If I'm going to spend money on something, it's going to be something I don't have already.
Most of the time, though, I simply don't buy something unless it looks the way I want. Luckily for me, I prefer circulated, around XF40 grade.
Nothing wrong with paying more for a better coin regardless if it is the same grade or one point higher
Also, I have upgraded a few and have a couple more I would if I didn't have that mental block against buying something i already have, but it was a. Well more than one point and b. It happened naturally, I didn't go out and look for an upgrade but received it as a gift. I've also purchased at least one that turned out to be an upgrade but I didn't remember that I already had one, so I don't think that counts. It was purchased because I liked the way it looked and the price was acceptable to me. The one that got replaced was a circulation find 1912 cent that clearly had been in the ground.
My collection is mostly in circulated grades, and I prefer coins which are nicely matched. So I haven't needed to upgrade by one increment yet. However I have spent a few hundred upgrading a coin in the same grade to one I prefer.
The 2 escudos upgrade sounds worth it if you think there is a good chance that there is no higher grade in existence for the date. Do you have pictures you can post?
@BillyKingsley
Interesting strategy. Thank you for sharing. Do you try to complete sets or do you just collect whatever strikes you when you see it? Also, do you ever sell coins?
I have done this on numerous occasions. Usually about 3-5K for the upgrade. And I still own about 70% of the duplicates. Seriously considering downgrading my registry set to reflect the coins that I LOVE, and not the PCGS grade.
OINK
I'm looking at pulling the trigger on a coin I've set sights on and I've found two for sale. One is a 65 and one a 66. The 66 is roughly 1k more. Trying to decide if I can live with the 5, but I've seen the 6 and it is way nicer in a lot of ways. The decision has me locked up.
As far as market value is concerned, the more important consideration is that I paid a 50% premium for the upgrade. But yes, the coin is probably the finest known.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
"How much have people paid for a plus? 38-D nickel in 67+ anyone??"
I have one in MS 67, and have seen some 67 + coins - costing 4X as much as mine - with more contact marks and less eye appeal than my coin.
Unless you want to be at the top of the registry set, for one point, I think this is not a good use of one's money. The one point upgrade I did were upgrading an MS 64 BN Braided Hair Large Cent to an MS 65 RB Braided Hair Large Cent. Net out of pocket was $550. This isn't a straight one point upgrade, because it involves color. But I don't do one point upgrades per se for the reasons stated earlier.
"Seu cabra da peste,
"Sou Mangueira......."
$0.00
zero, one point ain't enough
BHNC #203
I have not paid for upgrades.... I do not collect based on points. I collect what attracts me... even in the series I have done. I do not sell coins, so I have what I like and enjoy what I have. Cheers, RickO
None so far.....
I try to acquire the closest one to my heart content as well as the budget so hopefully additional upgrading won't be necessary; but I will upgrade if the right one comes along....
I am working on sets but it's not really a driving force for me. I find myself being drawn more to world type collecting, but if I find something good that I need, I'll add it. For example I found a local dealer with a lot of standing liberty quarters in the condition I like, so I ended up getting about 8 different year/mintmarks. I didn't set out looking for them but I couldn't leave without them either! I've never sold any coins...I only add things I want to have in my collection. I have traded duplicates but not sold any.
Zero. I cracked out a coin to get a chunk of annoying debris off of it which was so large and obvious it never should've been holdered like that. It was probably a piece of plastic from the holder. I just did it myself.
So I send it in raw and it came back a grade higher. I had no intention of an upgrade so I count the "cost to upgrade" as zero.
It was an accidental upgrade but I won.
Great transactions with oih82w8, JasonGaming, Moose1913.
I think for a better question, a silly one, 'has anyone located, bought a better coin raw, submitted that coin to receive an upgrade? it's silly because real collectors do it all the time.
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
$1750
Replaced my AU58 1884-S Morgan with an MS60. After I sold the set the buyer sent it for regrading and it went up to 61.
Only $1750? The price difference between a 58 and a 60 is about $6-7K based on recent auction records.
Let's reverse the question........
How much do think I had to pay to upgrade this 1877 IHC PR65RB
to this 1877 IHC PR66BN
about 12K for 0 points........
OINK