Cost to grade a coin??
Oystercopy
Posts: 3 ✭
I joined PCGS in order to have some of my coins graded. I have never done anything like this before, so have no idea what is involved. It really does seem that there is a lot of discussion here about the cost-effectiveness of grading coins, and how, many times, it may not be worth it. I am also confused about the forms and how to fill them out. It seems you have to fill out a separate form for (each) and every coin submitted for grading? If not, I have no idea how to send one form for multiple coins or if I can even do that?
However, I simply want to know (if someone knows here) how to grade a Mercury Dime. Hopefully, this will allow me to see how expensive it is and whether it might be cost effective to send more coins in the future. I have mostly US coins that I would like to grade and some of them were taken out of circulation early in their life, due to my family being in WWII and bringing coins back with them, some of them taken right out of circulation at that time.
Any help appreciated!
Comments
Welcome to the forum.
Before you give any additional thought to the grading of your coins, I recommend that you post some pictures here for feedback. As it’s quite possible that the coins don’t merit the cost of grading. If it turns out that they do, there will be plenty of time to find out what’s needed for the grading submission particulars.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Yes, post us some pics please. Hard to help when we have no idea of what you have. My rule of thumb (just mine) is that if a coin is not worth $250 after grading it's not worth sending to PCGS. Dimes, quarters and halves pre 1965 of course are 90% silver and will have at least the nice pop for the silver value but may not be worth getting graded. Many millions/billions were made. But, of course a common date 1964 Denver half dollar my have nice doubling, and even though millions were made it would be considered to send just for the variety. Post a few coins at a time and let us look.
bob
Very few Mercury dimes, unless key dates, are worth sending in if they were pulled out of circulation. It'll cost you $30 to $40 per coin. Of course, if you paid to join PCGS, you might as well use the vouchers.
You do not need a separate form for each coin if they are going via the same type of service.
Pics please
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
OK, well after looking closer at some of the coins, I can see that some of them really may not be grading material. I've attached a few here for your review.
Forget about sending these in for grading. The fee is way higher than your coins are worth.
None of those coins need to be graded. The dimes are worth the silver value. The half is spendable. The 68 cent is also spendable. Each dime has $2,85 in silver value.
bob
What he said.
How much did you think these were worth? Did you want to get them slabbed for some reason other than their monetary value?
They should not be sent in
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
Your question reads as if there is a generational family connection with the coins. Seems grading would not make financial sense. Instead, you could consider placing the coins in Air Tites coin holders if you have preservation concerns, Do not clean the coins. If you go to a coin shop in your area, they likely have Air Tites in stock.
Good luck
Experience the World through Numismatics...it's more than you can imagine.
A good first start is with a local dealer who can submit. They can guide you through the initial evaluation and process as well as submitting for you. Once you get the hang of it, you can do your own much better.
That’s true if someone has coins that might merit the cost of submission. But based on the images and information provided, that doesn’t appear to be the case.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
DON'T send those in
On what basis do you believe these coins have any real numismatic value?
I agree with the above. Do not send these coins in, you'll just be wasting money and time.
The dimes are worth their silver value(a little under $3 each), they are low grade and two of them are harshly polished. The half and the cent you can go ahead and spend.
If you pick up a Redbook it will give an overview of how to grade each coin series and a general idea of values.
Collector, occasional seller
You have about a year if you have vouchers. Welcome, good luck. If you do poorly, it ain’t lonely street.
Got it.. I won't send them in. Thanks for the more sincere replies.
Others have already told you not to send them in for certification, and that is the correct answer. However, to help you a little more, in the future if you have questions it might be quicker and more helpful to refer to a copy of the Red Book. It is readily available for purchase online or physically at larger US booksellers and many coin shops. It might cost $15 and you only really ever need to buy one copy.
In honor of the memory of Cpl. Michael E. Thompson