What is the most $ you have made by submitting a raw coin to a TPGS?

fivecents · August 16, 2005 9:31PM

I bought an uncirculated 2000 library of Congress bimetalic $10 from the US mint on December 31st 2000 for $405. Submitted it to PCGS, it came back a MS70 POP 7 (at the time). Sold it to Rick at R&I coins for $2400. I paid $405 for the coin raw , submitted it and sold it for $2400, all within 2 months.

What is your raw to slabbed best profit story?

DNADave · August 16, 2005 9:33PM

$75 raw 1921 peace dollar on the bay of E. Came back MS64 from ANACS but I can't bring myself to sell it.

JrGMan2004 · August 16, 2005 9:34PM

About $6 for the coin... $35 for the submission fees... sold for $425

fivecents · August 16, 2005 9:36PM

DNADave....Hey, I think I played guess the grade with that 1921 Peace dollar before you submitted it.

ER · August 16, 2005 9:39PM

<< I bought an uncirculated 2000 library of Congress bimetalic $10 from the US mint on December 31st 2000 for $405. Submitted it to PCGS, it came back a MS70 POP 7 (at the time). Sold it to Rick at R&I coins for $2400. I paid $405 for the coin raw , submitted it and sold it for $2400, all within 2 months.

What is your raw to slabbed best profit story? >>

Now that's a YOU SUCK! story. Now, if you had kept it until today, you'd be even SUCKIER.

Zug · August 16, 2005 9:48PM

Hi,
I saw your post on the bi-metalic 10 dollar commems, and thought I would see if I could get a few opinions. I also purchased them from the mint. I have an uncirculated, and a proof in the original mint packing.
Would it be better to keep them this way, or to get them certified?
Thank You,
Jeff

nwcs · August 16, 2005 9:50PM

Probably the 1955 mint set I sent in. i bought it for $105 and got back 1 66FBL, 1 66 washington, 2 66RD cents, and 2 66 dimes. All nicely toned.

fivecents · August 16, 2005 9:52PM

<< I saw your post on the bi-metalic 10 dollar commems, and thought I would see if I could get a few opinions. I also purchased them from the mint. I have an uncirculated, and a proof in the original mint packing. >>

Raw or holdered, the uncirculated version is VERY desirable and scarce. You can always try to win the MS/PR lottery.

ER · August 16, 2005 9:57PM

<< Hi,
I saw your post on the bi-metalic 10 dollar commems, and thought I would see if I could get a few opinions. I also purchased them from the mint. I have an uncirculated, and a proof in the original mint packing.
Would it be better to keep them this way, or to get them certified?
Thank You,
Jeff >>

When you decide to sell them, get them certified (by PCGS, or NGC). For the same grade, PCGS-slabbed bimetallic LOC commands higher prices, from what I've seen.

dorkkarl · August 16, 2005 10:04PM

didn't every slabed coin start out raw?

K S

MadMarty · August 16, 2005 10:04PM

Bought a raw Frankie for $7, paid $14 for slabbing and sold it for $12,000..

techeff · August 16, 2005 10:14PM

Bought an 1878 REV 79 VAM-203 Morgan in an ANACS 64 holder. Now it's in a PCGS 65 holder. NCG, who does keep track of VAMs, has graded none higher than 64.

TorinoCobra71 · August 16, 2005 10:27PM

Turned a 1913 Type I Buffalo from and NGC MS65 into a PCGS MS66...turned a $250 profit.....OH NO I GOT RUSS DISEASE......Coin Ferengi!

TorinoCobra71

Veep · August 16, 2005 10:34PM

Bought a $10 Indian raw for $450. Slabbed it as MS65 at PCGS and sold it for $4,700

PerryHall · August 16, 2005 11:20PM

<< Bought a $10 Indian raw for $450. Slabbed it as MS65 at PCGS and sold it for $4,700 >>

ROBERTB · August 16, 2005 11:23PM

I bumped a Texas commem. up from 64 to 66 and made about $200 on it. That's all I got.

WACoinGuy · August 16, 2005 11:47PM

<< didn't every slabed coin start out raw?

K S >>

You haven't heard about the new experiment where they grow the coin in the holder?

DennisH · August 16, 2005 11:59PM

Do crackouts count? If so, mine was a 1901-P Morgan I bought for $3900 and sold for $12,500.

BigMoose · August 17, 2005 12:16AM

Around four years ago I bought a complete Indian Cent and Flying Eagle collection raw in an old Wayte Raymond board. Dollar cost averaging, I paid around $350.00 apiece for the coins. The 1873 was the Doubled Die and was full red-it certified as 64RD and I sold it for $50,000.00 two weeks later.

seanq · August 17, 2005 12:21AM

I made some nice profits on some full step nickels I made at PCGS, the best one was probably the 1979 that came from a $3 OBW (worth $2.00 face), it graded MS64FS and sold for just over $200. Another 1940-S purchased for $5.50 graded MS66FS and sold for about $240.

Once I'm confident everyone is back from vacation, Baltimore, and the ANA, I have a coin to put up on eBay which should put the nickels to shame. I won't brag about that chickens until it's hatched, though.

Sean Reynolds

VTCoins · August 17, 2005 12:29AM

A customer came in last year with a Morgan he purchased from a little old lady for $5. She had 400 Morgans. I sent the coin to NGC, and it came back an 1895 PF45.

Not bad for a $5 purchase! Now if he would just sell the darn thing to me!

seanq · August 17, 2005 12:37AM

<< Around four years ago I bought a complete Indian Cent and Flying Eagle collection raw in an old Wayte Raymond board. Dollar cost averaging, I paid around $350.00 apiece for the coins. The 1873 was the Doubled Die and was full red-it certified as 64RD and I sold it for $50,000.00 two weeks later. >>

Wow, that one will be tough to top....

Sean Reynolds

BigMoose · August 17, 2005 12:40AM

Sean, I couldn't believe my eyes when I was given a shot at that collection. Best part of all, the collector named his price for it, I said OK, and the deal was done within a few days with both parties being very happy.

RedneckHB · August 17, 2005 1:05AM

<< Around four years ago I bought a complete Indian Cent and Flying Eagle collection raw in an old Wayte Raymond board. Dollar cost averaging, I paid around $350.00 apiece for the coins. The 1873 was the Doubled Die and was full red-it certified as 64RD and I sold it for $50,000.00 two weeks later. >>

That is incredible.

Baley · August 17, 2005 1:06AM

with both parties being very happy.

Is the other party still happy? Or does he not know how much money he left on the table for you?

BigMoose · August 17, 2005 1:18AM

The other party doesn't care--at least the last time I talked to him. He told me he had put together the collection in the 1950s and 60s and was charging 10x what he paid for the collection--that was his price. take it or leave it. I took it.

Some of the details of the deal and the coins will be in Rick Snow's chapter in the Whitman book on Indian Cents.

mgoodm3 · August 17, 2005 1:41AM

About the best I've done is bought an 1863 indian cent for $90, got it back from PCGS as a 64 worth around $300.

ecos · August 17, 2005 1:48AM

WOW! you guys have some incredible stories!!! I would like to add that "You all suck!" just for the record

I have not realized any great turnovers yet, but I do have some pretty sweet, decent grade, Indian Cent overdates and "1 in the neck" varieties that I cherried for a few bucks each here and there.
I'll just have to keep paying attention and learn from you folks!

elwood · August 17, 2005 2:06AM

5 figures

jbsteven · August 17, 2005 3:22AM

I crossed a common date Morgan monster obverse toner from ANACS ms68 to PCGS ms68. Made a few bucks on the deal. This coin is around and available currently for around $14,000. Toned coin collectors should know the coin I am talking about.

fivecents · August 17, 2005 10:14AM

<< didn't every slabed coin start out raw? >>

Yes, but does every raw coin end up slabbed?

Great stories....let's hear some more.

Russ · August 17, 2005 10:29AM

BigMoose,

You are a world class Coin Ferengi.

Russ, NCNE

Zug · August 17, 2005 3:20PM

Hi Guys,
Thank you for the replies. I had a feeling that the way to go was to have the bi-metalic comms. slabbed, but was wanting others imput.
I know at times it is better to leave things in original packaging.
Thanks Again,
Jeff

relayer · August 17, 2005 3:28PM

Best I've done was a 2002 West Point S$1 PR70DCAM that sold for $1,800 (it was a pop 10 back then and the Registry was hot)

I've made two more since then, sold one for $500 and I actually kept (and still have) the other one.

However, I'm hoping my last submission will set a new record.

SDCollector · August 17, 2005 5:15PM

My public service announcement to all newbies reading this thread: YMMV

cartwheel · August 17, 2005 11:00PM

cartwheel · August 17, 2005 11:20PM

Here are a few of my good scores in the last couple of years:

1909 VDB raw MS64RD -- paid $15; came back MS65RD (PCGS full retail $145)

1909-S raw F+ -- paid $30; came back VF25BN (PCGS full retail +/- $150)

1913 Buffalo raw MS65 -- paid $90; came back MS66 (PCGS full retail $300)

1941-D Walker raw MS64+ -- paid $80; came back MS66 (PCGS full retail $400)

1894 Morgan raw VF30 -- paid $1,150; came back VF35 (PCGS full retail a little under $1,800)

1904 Morgan raw MS62 -- paid $100; came back MS64 (PCGS full retail $700)

It's nice to have the gain on paper, but I don't plan to sell anytime soon. (It's also nice to be able to show the wife what a good investment coins are!

)

Cartwheel

I almost forgot my most recent score:

1906 $2.50 Lib NGC MS62 -- paid $485; cracked it out and it came back PCGS MS63 (PCGS full retail $950)

MJH · August 17, 2005 11:37PM

Bought a 1926-S buffalo off of E-BAY for $85 , NGC slabbed it AU50 sold it for $2000.
Showed it here in feb of 2004.

Mark

BigMoose · August 18, 2005 12:23AM

Russ, thank you for the compliment. I realize that a deal like the Flyer/Indian Cent collection will likely never happen again in my lifetime, but at least it happened once! And, believe me, that collection made up for a whole lot of "mistakes" I made during the first few years when I got back into collecting again. TomT.

Merc · August 18, 2005 2:11AM

Wow, many of you have done well with raw coins. Usually the raw coins I see at shows are problem coins.

I did buy a raw 3 legged buffalo from a guy in my old coin club. He wanted $250 for it. I didn't have a check with me so I had to wait until the next meeting. Then he refused to sell it to me at $250. I asked him why not. He changed his mind on the price and wanted only $225. He said it was a VF. PCGS said Ef40.

USCGCraig · August 18, 2005 6:28AM

I cracked out a NGC MS64 Vermont half and PCGS graded it as MS65. Nice bump there. I've had some luck with Barber Halves as well.

lordmarcovan · August 18, 2005 6:40AM

Do crackouts count?

I bought a 1904 $20 Lib in an old PCI green label MS62 holder- got it for around 400 bucks. Cracked it and submitted it to PCGS at the 2004 FUN. Came back MS64. Cha-ching.

I sold it on BST. Got something like $1,100 or $1,200 for it. It was fairly typical for a 64 but way undergraded in the old PCI 62 holder.

What is the most $ you have made by submitting a raw coin to a TPGS?

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