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 Replies: 12 / Views: 962 |
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Valued Member
United States
106 Posts |
I'm not understanding I guess I've sent some coins in myself to get graded (two of them came back with the grade I wanted one of them was two points shy), but that's not what this is about.
What is the actual point of getting coins graded except for authenticity when a lot of times unless you're selling to somebody that's trying to fill a hole the value doesn't really change a whole lot.
And when sending coins in to get graded you're relying on one specific person to grade the coin to his understanding of the scale which opens doors for all kinds of things because it's essentially just going off their opinion so one Grading Company could grade one coin multiple different ways depending on the kind of day a person is having or who exactly is grading the coin...
I mean I would think that if you're a error type of collector that you would know if somebody is posting a coin that isn't up to Snuff.. ( now that I think about it though I guess that would be a time to get one graded due to fakes.)
So let me ask this question a different way I have already set myself a level to be at to get a coin graded and that is $100 over grading cost. But I guess what kind of coins should be graded and which one should be left Raw even if the value is unlimited?
*** Moved by Staff moved to a more appropriate forum. ***
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Pillar of the Community
 United States
4066 Posts |
1. You intend to publish or even compete with registry sets.
2. You need to establish a valuable coin's authenticity for insurance purposes.
3. You intend to resell a reasonably valuable coin, and must establish authenticity and quality for potential buyers.
4. You purchased a coin, but want a professional evaluation of authenticity.
If you are confident in a valuable coin's authenticity and do not plan to insure it, resell it, or compete in registry sets, then there is probably no value to grading the coin.
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Moderator
 United States
56855 Posts |
Fresh Find, I moved your thread to a better section of the forum. Also,congrats on 100 post  John1  ( I'm no pro, it's just my humble opinion )
Searched 6.5 +/- Million Cents Since 1971
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Valued Member
United States
309 Posts |
Brandmeister summed it up well.
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Pillar of the Community
United States
1150 Posts |
BM hit great points - I'll just add:
- validate an attribution.
I swing a metal detector and have a knack for finding dirty old coins. Dirt coin restoration projects - https://www.prodetecting.com/restorationsDirt coin restoration blog - https://www.prodetecting.com/blog/ccawDirt coin dig videos - https://www.youtube.com/@prodetecting |
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Moderator
United States
157722 Posts |
Quote:
Brandmeister summed it up well. 
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Valued Member
Italy
199 Posts |
I will also add: You want to protect/preserve a coin you particularly like with a slab (which while not perfect is definitely better than having it raw or in easily opened flips/capsules). You are OCD and you want all your high-end coins in slab.   |
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Pillar of the Community
United States
4375 Posts |
5. If you just happen to like slabs.
6. If the coin is a bit too big for a 2x2.
7. If you want to organize your collection uniformly while the coins themselves have wildly different sizes.
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Bedrock of the Community
United States
94367 Posts |
Or, lastly, if you simply want to know the grading opinion of a major TPG, even if not planning to sell. This would describe most of the notes in my collection . |
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Pillar of the Community
Australia
852 Posts |
There are certain benefits to grading
- A nice slab to protect the coin
-Enjoying having a set registry and comparing it with others
-Getting your high ends into a recognised top tier slab that if your novice heirs need to sell that that they can't be lowballed by shonky dealers
- Scoring a great grade on a coin that you purchased raw for under $100 but the slab grade you get makes the coin worth multiple thousands (got a coin back last month that cost $85 raw that graded Top Of The Pops and worth 20X that)
- And for those coins you reckon the graders got wrong you can play the crackout and resubmit game.
The downside is grading is not cheap and my typical submission costs 4 figures
Another downside is that the TPGs employees include Mr Magoo who can't see mintmarks and put the wrong mint or variety on a slab. That can work in your favour if a wrongly slabbed coin is offered for sale then you might score a bargain
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Valued Member
 United States
106 Posts |
Thank you all for the advice and information there are lots of reasons beyond what I originally thought
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Pillar of the Community
United States
6896 Posts |
Quote:
a lot of times unless you're selling to somebody that's trying to fill a hole the value doesn't really change a whole lot. My gut tells me that slabbed coins DO sell higher than raw in many major markets (especially the U.S., and increasingly elsewhere), though I have not seen any kind of statistically valid analysis to prove that (it would be hard to conceive of how to do such an analysis...)
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Pillar of the Community
United States
4066 Posts |
Slabbed coins don't just have to sell for more than raw, they have to cover the entire grading cost. I can point to numerous examples where that is not the case.
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Replies: 12 / Views: 962 |
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Posted 11/02/2024 11:24 pm
