2019 ERP Leave the box sealed or send it in to be graded?
Delorean
Posts: 477 ✭✭✭
So about a month has gone by, we have seen the aftermarket prices on the 2019 ERP, knowing what the coin is selling for today and you just want to make money on it, would you send it in to be graded or do you leave the box sealed?
Chuck,
Ever Onward
Ever Onward
0
Comments
There’s no way I couldn’t look with #1 somewhere unless I wanted it graded but if you just wanted money I would sell now
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/publishedset/209923
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/album/209923
Strictly an economic decision. Whichever way makes you the most money is what you should do.
If you take out the signed COA factor, it is a sell now for sure.
If you like to gamble the COA factor is there for you.
Are you a weak hand and or a strong hand? Collector or profit hunter? You will answer your own question with your final decision/actions.
Sell it to me, throw me a PM with your price.
For what they are selling for raw in the unopened box I would sell now, you loose money if it grades a 69 and a 70 is no guarantee...
Successful transactions with: Lakesammman, jimineez1, Flackthat, PerryHall, bidask, bccox, TwistedArrow1962, free_spirit, alexerca, scooter25, FHC, tnspro, mcarney1173, moursund, and SurfinxHI (6 times)
I agree, if there is a signed COA in that box the value skyrockets, if it's 001 and what people have paid for a signed 1-100 who knows what 001would bring... Unbelievable what is being paid for a signed piece of paper.
Ever Onward
Worst case - ms68
Likely - ms69
Hopefully - ms70
Best case - signed COA
No risk in selling now as is either. It will take weeks to get your money out of the coin if you send it in.
You can sell it to me for Mint price $69.95 and when I send in the sealed box with the COA #0000001 I won’t tell you😏
Dude I wouldn't want to know!!!😂😂😂
Ever Onward
If you are after the $ then sell now and move on. The price will settle downward as time goes on.
My though on it was, i paid $70 for the coin, no matter what it grades is a huge profit, even a 67. I didn't want to cut myself short, nor play any games. I decided to get it graded, see what i 'won' and figure out how much my prize is. I would bet alot of these "sealed" boxes have all been checked. The boxes are easy to open and close with damaging them. I actually think there are alot of people buying sealed boxes, seeing whats inside and if there is no signed certs are reclosing and reselling as never opened. I dont really trust the "unopened" at this point and as more time goes on i trust it less.
I wonder if PCGS has found any previously opened and resealed boxes and refused to certify the COA?
My box from the Mint is taped really good on both ends, there is no way you could get away with opening it and re-sealing.
Ever Onward
If it were my coin....I would already have opened it.... never could tolerate sealed boxes. Years ago, I purchased sealed GSA boxes (reputable seller, forum member)... They were opened almost as soon as I received them... Well, one lasted a day...
Cheers, RickO
If the sole purpose is to make money Send it in to be graded. There is very little downside right now if it were to come back in a 69 or lower grade and potential huge upside if there is a signed COA.
I had the same discussion with myself 2 weeks ago and couldn’t stand the not knowing about the COA. Sent mine in and got a 70. No signed Cert. but I’m happy now knowing.
My Ebay Store
Is the box toned?
I'm in the same boat. I'm thinking about putting the unopened box on eBay. I've been going back and forth for weeks now.
Let someone else go back and forth.
That's what I'd do.
Historically, there are lots of examples of unopened boxes going for more than most of the coins that could be inside.
How much is your time and anxiety worth?
Good point. $1500 would pay for Christmas and then some.
Or a very memorable New Years Eve.
Yours might be, but many of them are not and there's no way to know what tape the fulfillment center put on the box. I wouldn't trust unopened ones at this point.
Collector, occasional seller
New to this game here guys but what's with the "signed COA" deal? Do they all have signed COAs or just some of them?
Plus I just looked on feebay and the prices are all over the place up to $2500+ that's pure insanity.
If your objective is to turn a profit, whether you keep it in the sealed box or have it graded, I'd say that you should market the coin ASAP since a 30,000 mintage coin which sold for $65.95 originally is likely to drop in price from this point going forward - until the market reaches equilibrium.
There's been too much fanfare for this coin to be a sleeper, and we've seen this movie before.
I knew it would happen.
The downside is, possibly, timing. If the price continues to erode, you could ride the price down while waiting for the grade after spending $80 or so to get it graded. This is not, necessarily, compelling. But, we shouldn't pretend it doesn't exist.
All comments reflect the opinion of the author, evn when irrefutably accurate.
Agreed.
A lot of the boxes I received had one generic piece of tape across a self-sealing flap. It isn't that hard to peak and reseal it. I'm fairly certain that 2 of the "sealed box" that I bought had been peaked into because the self-sealing flap wasn't so tightly stuck anymore.
All comments reflect the opinion of the author, evn when irrefutably accurate.
COA# 1-100 are signed. Don't confuse them for the ones signed at the Baltimore coin show on release day, those ones are higher numbers.
Collector, occasional seller
Yes!
A "sleeper" by definition slips by largely unnoticed (or unappreciated) until one day collectors "discovers" it (occasionally that happens as soon as the coin goes off sale at the mint). There is nothing about this coin that is unnoticed or is waiting to be discovered.
Except maybe COA #001 and the ridiculous amount of money a collector would be willing to shell out for it.
Ever Onward
Why does COA #001 matter? I mean- why would it be any more important than #100 or #1000? It's not like the associated coin is the first one struck, or even that it was the first COA signed.
True. Then again, why would the signature of a petty government functionary who will sign anything put in front of him make it any more valuable?
I would be curious as to what someone would pay for a signed, numbered COA with no coin. I'm guessing the answer is close to zero. Yet it turns a 4 figure coin into a 5 figure coin.
My motto is never argue with the Market, but this time I sort of want to. LOL.
All comments reflect the opinion of the author, evn when irrefutably accurate.
Not arguing with it, just trying to understand it. Then again, when I started collecting mint issued stuff, the coins were what everybody focused on, the other crap that came along with them was- well, crap. Who cared about the packaging and such? Nobody.
They might not care later, Mason, but they care now.
Hence, hyperbole and drive and demand and fun.
No denying, it's been interesting to watch.
My son and I each have a coin. If I get a hold membership with four submissions, how much extra will I be paying to get them both graded?
Depends on speed at which you want them back and what you ensure them for and means of delivery. I just paid 150ish for grading and same week quick turn to make early release deadline
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
"My son and I each have a coin. If I get a hold membership with four submissions, how much extra will I be paying to get them both graded?"
I debated for one day (overnight) whether to join PCGS and send mine in for grading. Obviously there's no guarantee of grade but I decided I wanted a chance for both a PR70 and a signed COA #1-100. The expense combined for me was about $160 including silver membership, first strike designation, and about a two week turnaround. Add the initial cost of the coin at $70 so a total of $230??? I just got my results last night and happy to say I did get a PR70. I did not get the signed COA but have no regrets in taking the chance. Now the debate becomes HOLD or SELL. Right now on Ebay PCGS graded 70's are going for around $2500 -2800 while raw and PR69's are in around $1500-1600 range. So, for a relatively small investment there's added value in the market that offsets the overall costs . I'll decide that when I get it back in the mail. Good luck to you and your son whatever you decide to do.
This is true, but the down side will still be minimal compared to the potential upside. The eroding price is always a possibility. So is the the potential increase in price. You can minimize the time by paying for a faster service tier. Yes this could cost more, but could also save from an even lower price over time.
That being said, even if the price lowers gradually now that graded coins come to market, I don't see any kind of crash in price that wouldn't justify the possible 5 fold increase in price with a signed COA.
Like I said, I had the same argument with myself on whether to flip sealed or have graded and chose graded. Now that I have a 70, most likely I will see an increase in profit over the 69s or sealed boxes short term. It more than pays for the grading cost and I see that as a win. JMO
My Ebay Store
It's a big fat lottery ticket.
I'd open it.