Now Coins First Rolled Out: Should I Get Graded?

A topic I ponder all the time. To open or not!

First off. Storage is key. A TPG holder will not protect it from environmental damage. Take a look at the 1909 listed in this thread for reference! I store my unopened rolls in plastic tubes. Conditioned space with little to no humidity.

Second, you will not get a MS-70. I hope you prove me wrong but I'm comfortable saying it. Some search hundreds of rolls to get a chance at MS-67.
My bet, unless you get lucky is 99% ms62-ms65. Think about it. If it were as easy as buying a couple of rolls from the mint and sending them in then we would have thousands of ms70's right?! Rule of thumb on this forum is about $150 value coin is benchmark for getting your moneys worth out of grading.

I like to save my rolls. One day when I have time or the right market conditions arise I may get antsy and open one or decide to sell it and buy the grade I want. For instance if an error coin is found that year I will do research to find out where people are finding them. Sometimes you can get a lot of info from those time stamps on mint boxes, and premiums as well for early time stamps!

So much info to gather before I dive in and bust open rolls from the mint for me. My goal is to find bank wrapped ones and search those a few years after they come out. That way I can see what others have found, there isn't a premium paid, unless bought at LCS.

My goal each year is a mint set and at least one bank roll of each cent, nickel, and dime to save for a later date. Mint rolls sometimes. But quarters , halves and dollars are expensive to save and most of the time inflation can eat away at cost to save for ten years like I prefer to do. Exceptions to this arise all the time tho so I'm always checking market conditions.
Good luck!

Patience is a virtue. Given the jostling that (non-proof) coins go through at the mint--once they're out of the striking chamber--they will exhibit an array of contact marks before they are distributed for general circulation, or earmarked for inclusion in special mint packaging. Odds of finding MS69 or better grades are pretty close to those of winning the lottery (the big one). At best you'll find most falling in the MS62-64 range, with a very few at MS65+ to 66.

Thank you all for your input.

Thank you for not making me feel stupid.

As far as knowing how hard it is to find a MS69 or 70. I search new coin rolls and am lucky if I find one or two, I will keep.

I am just like a little kid I want to see now.

I guess the reason it is so hard for me is because I know I am lucky most the time. Like getting a quarter with a W mint mark and having to look it up because I didn't know about them. (Working 24-7) It is in pretty good shape.

O.k. So how do other people get the 69 and 70's?

My mint sets for uncirculated coins are not much better to me than the ones I find in the rolls. Is that normal?

Yes, I got hooked and have bought quite a bit from the US Mint. Now I have these coins and I worry about doing the right thing. A few of you said something I want to touch base.

Oh! Yes, I have a lot of books, but I am missing something. Something is not clicking.

Yes, it's normal for uncirculated sets sold by the mint to be quite similar in quality to the 'fresh' coins first delivered to banks in commercially-wrapped rolls.

I wonder if you might be confusing MS ("mint state" / circulation strikes) with PR for proofs.

The VAST majority of 69-70s are PR- proof coins. These are pressed, handled, and packaged specially and with care. If you were to buy these in proof sets, you should almost expect 67-69 grades with 70s around but sort of the luck of the draw.

Circulation coins what would qualify for the MS-xy don't get any special treatment with just an average strike from an average die through an average machine and into an average bag. Hence why they usually received out of the mind as MS63-65 and over 67 become extremely rare.

Finding your coins as PR69-70 wont be too hard once the bulk buyers get their big submissions back over the next couple of months. They are after the PR70s and often sell off the PR67-69 labelled coins for less than your submission and shipping costs. I'd just wait on those. Wait until later this year and you'll be pleasantly surprised at how cheap the non-PR70s can get; it's the discount bin for the bulk submitters because people with $ only want the 70 labelled coins.

If you are determined for an "MS"68+, start saving the $.

If determined to get slabbed, I always suggest waiting on ANACS for a few months and hopefully a monthly special applies. Would save you $ over going to NGC/PCGS and they can grade these just as well. Their specials are often in the $8-12/coin range + sometimes shipping. They don't have the handling fee surcharges or membership fees on top of it too.

Quote: from captainkurt

This is by far the best and most complete storage solution I have I thought you might be interested in this post:

http://goccf.com/t/20377

Then this by jbuck.


Oh my gosh thank you... I have everything except the : Disposable plastic transfer pipet- I have to look that up. Oh thank you thank you thank you. I have my W nickel and dime that I know I have to get out of the baggie they are in and move to the capsule. Now I think I might be comfortable to do it.
Plus, if the day comes, I want to separate a set I can transfer coins safely.
I just received my Trump coin from the mint it was on back order from last year. I have to preserve this also.
Now I am so excited I have a light at the end. I have been really worried. The humidity is really bad in my house due to the AC running all the time.
I have spent money on charcoal and silica gel desiccants. Once I know what I am doing I won't have to buy the ones that change color.
You all are great. Thank you so much
Once I learn how to take better pictures I will share.