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Should I get unopened rolls of silver eagles graded?
Mays
Posts: 4 ✭
I recently inherited 11 rolls of 20 silver eagle 1986-1993 with an orange cap roll of 1987, should I send them off for grading
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ifthevamzarockin
Posts: 8,908 ✭✭✭✭✭
@Mays said:
In other words the chances of a ms70 grade is slim?Welcome to the forum!
Correct, you would be lucky to get one 70 per roll grading with our host.
Most coins in an average roll of ASE's from your date range will be in the 67 to 68 range and occasionally as low as 65.
If you get lucky and get a few 70's it may offset your grading costs.
I would not send a random roll in for grading without screening the coins first, there is no reason to send MS66 & 67 coins in.2
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Why would you? What is your goal? What are your expectations for the results vs. the value of them slabbed?
Without some knowledge of grading, probably best to sell them outright at a show.
Chances of PF70 grade is slim.
It takes a trained eye and even then...
If numismatics is something you want to pursue then hold onto them. Revisit the grading question in a year or two.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
No. Just sell them as is and move on if you don't want them.
What’s the best price to start at, if i do sell
I would not. But if that is what your insides tell you...
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Based upon today's silver price, here are reasonable levels folks are willing to pay from one of the leading bullion dealers-
https://www.apmex.com/search?&q=eagles&filter=metalName_uFilter:"Silver"&rows=80&view=grid&version=V2&start=0
In honor of the memory of Cpl. Michael E. Thompson
I would not.
No would not - would sell as is.
For eBay would start auction at melt.
Just for reference, here are the current buyback prices from JM Bullion:
Link: https://www.jmbullion.com/my-account/buyback-products/
Silver Ask @ time of download: $23.03/ troy ounce
If graded they will sell for more. But the cost of grading and the results received are a variable. I have a few rolls of 2016
ASE's and I will send one roll to ANACS for grading. They will give me a fixed price sample evaluation before I commit to grading the entire roll. Mine are original mint rolls and who know if they will grade at a better value than bullion. But ANACS approach seems very reasonable. They are worth talking to.
OINK
Have you seen what the 86’s are going for slabbed? Crazy prices on eBay, I might look a little further before I wholesale them. Or if you must, let me know🤷♂️
What’s the best way to get them slabbed
In other words the chances of a ms70 grade is slim?
https://www.pcgs.com/pop/detail/silver-eagles-1986-date/939
Mostly, don't. If you must, you must screen for exceptional grades which might give you exceptional prices. For most of those years, a 68 or 69 are going to sell at bullion prices, often BELOW the cost of a raw coin that someone hopes will grade higher. So, a $28 coin in a $25 holder is still a $28 coin for which you will net a grand total of $3.
Slabbing a coin only adds value IF:
1. The grade is exceptional
2. The coin is highly counterfeited and buyers need the assurance.
Neither of those conditions will apply to 90% of your coins so you will be spending irrecoverable funds to get them graded.
The 86s only go for "crazy prices" if they grade 70. The reason being that 95+% of them grade 69 or lower (see the link provided above - 1732 70s out of 27,000 coins slabbed.). Anything that grades 69 or lower does not carry enough of a premium over a raw 1986 coin to justify the expense of slabbing. You actually have a better chance of getting a 68 or lower than a 70.