Do you still find a considerable amount of "gradable" problem free raw coins in shops and online?
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Is it getting to be "slim pickins" to find a raw non cleaned or undamaged coin in AU or MS or are there still a lot out there?
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Depends. Are you looking for $50 coins or $50,000 coins?
I have, and have done well with them
My War Nickels https://www.pcgs.com/setregistry/nickels/jefferson-nickels-specialty-sets/jefferson-nickels-fs-basic-war-set-circulation-strikes-1942-1945/publishedset/94452
I submit probably 3x as many "world" coin submissions than I do "US" submissions these days. I don't have issues finding raw coins at my LCS or on eBay that I find value in having graded (I also have a large raw coin collection).
Except for world, It’s dried up for the most part.
I used to think estates but last couple looked at junk silver or trash.
A guy bought some raw Mexico 50 peso gold at or $5 bucks below melt from wholesaler setup next to me (owns shop on another city). Whether buyer was buying them to submit don’t know they looked AU from a distance. There was a really nice NGC 65 $20 Lib in his case for $2380. A dealer seeing it from across the aisle walked up and bought it beating out a collector he saw look at it few minutes before who said “gotta make my rounds may be back”. I was considering jumping on it but in process of selling some Commems - it was Nice PQ coin.
Define what you consider gradable.
Every one technically has a different level of what they consider acceptable grade for their collection.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
There are thousands of MS63/64 Morgans that are gradable sitting in dealer cases, add to that the thousands if not hundreds of thousands of MS64/65 quarters, dimes, nickels, and pennies that can be had by the roll or each at any shop or show. Yes there are plenty out there, many are just not worth the cost to have graded in todays market. And to prove my point there is a thread on the first page right now showing a submission of coins bought at a show and then sent in to PCGS for grading. Or were you talking about 100K coins?
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Local B&M got a complete set of UNC Indians in a few weeks ago. All gems and all gradable. They are still out there.
I would say there is plenty. At least in these parts. Not just cheap stuff. Most dealers here aren't the slabbing kind--no problem there--and they have graded the coins themselves and they mostly reside in 2x2s.
It may be different elsewhere. Also found stuff at estates and auctions, though there are more "problem" coins to weed through.
Gonna get me a $50 Octagonal someday. Some. Day.
Yes, in shops. On line....not so much, or at least it's more difficult to tell. I much prefer to buy raw coins when I can.
Tom
Lots of coins never make it to online listings, so there's that.
YES.
This would describe a lot of dealer inventories in the Front Range.
Gonna get me a $50 Octagonal someday. Some. Day.
Anything AU or MS state that one of the major companies would grade. I know there are probably a good share of G-up to XF common coins probably floating around that's not worth submitting. Just curious of what you've seen. Reason why I say this is my local dealer has told me that good ones good ones are usually obtained at shows and he doesn't have many decent ones walk into the shop.
I guess I'm just wondering if most raw coins that aren't messed with in any way are tied up in collections.
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#1 1951 Bowman Los Angeles Rams Team Set
#2 1980 Topps Los Angeles Rams Team Set
#8 (and climbing) 1972 Topps Los Angeles Rams Team Set
It depends upon what series the OP is talking about. There are or likely are tens of thousands to millions of coins from each of the most widely collected US series in AU/MS eligible: Morgan dollars, Peace dollars, maybe late date Walkers, maybe late date Mercury dimes and certainly every single other one.
Also a reasonably large supply from Western Europe, the Anglo countries and recently issued world base metal coinage.
My annual PCGS grading bill seems to think there are.
My LCS always find lots of US coins to submit
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Yes.
This is one of them that I picked a few months ago at an LCS.
No. Obviously there are billions of US coins out there that would straight grade, but for coins worth the cost of grading (above a few hundred dollars, excluding melt value) I would guess less than 10% remain raw.
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
These weren't "picked" but purchased from a dealer at a show who acquired them across the counter at his shop:
https://www.pcgs.com/shared-orders/order-details/21679843
Gonna get me a $50 Octagonal someday. Some. Day.
Raw submissions for me this year are nearing 100. Last year it was 200+. These were all coins that are frequently counterfeited and needed authentication to sell or coins in which the benefits of slabbing exceeded the cost.
So yes, they are still out there although dwindling in my experience.
While these are nothing special, they are beautiful coins i picked up this year in a local shop. I believe there are more out there than meets the eye.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Those look semi PL or PL Nice
For better dates in decent grades; I don't see them......maybe I'm not looking in the right places?
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My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Same problem I have @walkerfan. I am having a hard time find the scarcer morgan dates in anything above good or fair raw.
I am still finding them.
The short answer... Yes!
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Here is a nice one from my last regular submission, a 1917-D quarter that graded 63FH.
No problem finding coins for me.
WS
I didn't clarify in my prior post but this is presumably the actual question in the OP. I agree and the only reason it's as high as it is now is because there are many coins which may be worth submitting now but wouldn't be later if the population counts increase noticeably.
As an example, I presume the proportion of 1964 and near date quarters eligible for an MS-66 is a big multiple to what has been graded to date. Probably a multiple of at least 10. However, an increase of 50% or 100% would potentially cut the price by more than half, making it pointless to submit all which are theoretically profitable to submit now.
I see plenty of US coins that are gradeable. Problem is they aren’t worth being sent in for grading.
You most likely wont find any at my shop. If its worth sending in, Most likely it is already submitted. Worth while that is. But you also wont find a problem coin raw, not described as such either. and its usually in the bargain box.
Absolutely....go to small, local coin shows, antique shops (usually overpriced) and even yard/estate sales....Might take up some weekends, but for a collector, that is fun. Cheers, RickO
I shared this one in its own thread when it came back from PCGS. There are still great coins out there raw if you spend the time to look for them.
yes
It’s pretty much we’ll slim pickings. Gradable material yes but not worth the grading fees.
Last couple estates looked at nothing but crap - if anything good the collector sold off before his death.
The key is location / shop nobody has trawled. A pawn shop you may come up empty handed at possibly somebody else already trawled it.
The best thing offered me at show recently about a dozen mod Commem silver dollars in Pcgs MS 69. The seller took my offer at sheet (Ogp bid that sheet has). Not a super deal get excited about but not too bad either. Just sat there behind table with grey sheet offered that then added them up on tally sheet. Then once deal completed priced them cost plus more expensive ones added to online store.
Sometimes I will pickoff stuff from other dealers at shows: 2 slabs acquired from this one fellow retailed from online store cost plus 30-40 pct in a week. Some raw CSA / Obsolete notes acquired from another most flipped about cost plus 50-100 pct (online store) over next few months. Just smash mouth ball taking what defense yields.
There are still great coins out there raw if you spend the time to look for them.
I envy those who have that kind of time on their hands..
On second thought, maybe I don't 😉
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You don't enjoy sifting through thousands upon thousands of cleaned, damaged, and artificially toned coin listings on eBay?
You must not know that @Kyle and I get paid by our employers (unknowingly) to hit F5 on the ebay newly listed items in the US coin category. Now that you mention it, I'm being paid to type this comment.