To Grade or Not to Grade?

Discussion in 'US Coins Forum' started by For My Son, Nov 7, 2011.

  1. For My Son

    For My Son New Member

    I would like to know eveyones opinion on whether or not I should send my 25th Anniversary American Silver Eagle set to be graded. I was thinking of not having it graded and leaving it in the case from the mint and the COA. If I do get it graded is there a better chance of getting a 70 from either NGC, PCGS or NGC?
     
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  3. GeorgeM

    GeorgeM Well-Known Member

    In general, I don't see grading bullion coins adding a lot of value to them. But, the 25th Anniversary Eagles might be worthwhile: at least for 3 of the set.
     
  4. tonedcoins

    tonedcoins New Member

    You should just make one thread instead of two. You might get more people interested in helping more.
     
  5. For My Son

    For My Son New Member

    Thanks GeorgeM! From what I understand I need to send in the un-opened parcel from the mint to the grading company. Any suggestions on who I should go with?
     
  6. For My Son

    For My Son New Member

    Sorry I am new to this. I still need the suggestion. What do you think?
     
  7. tonedcoins

    tonedcoins New Member

    Well, unless you have a good eye for grading, I wouldn't have high hopes on a grade to come back on a slab/s. I would however get them certified to prevent them from developing unattractive toning if you like white coins.

    Do what you feel is worth for your set. It's always the most satisfying way to coin collecting.
     
  8. GDJMSP

    GDJMSP Numismatist Moderator

    The chances of getting a 70 would be about the same from either NGC or PCGS. But there will be such a large percentage of them graded as 70's that I doubt it will matter if it gets the 70 or not.

    I'd suggest just saving the money and keep it as is.
     
  9. For My Son

    For My Son New Member

    I think the resell value will definitely be higher from for a 70 rather then a 69. My question is how sellable will it be not graded?
     
  10. GDJMSP

    GDJMSP Numismatist Moderator

    I doubt it. The 70's will probably outnumber the 69s.

    As sellable as it will be if it is graded, and maybe even more so. For don't forget, a large percentage of those who collect these coins prefer to do so with the coins in original packaging. And by the time the dust settles coins still in original packaging will be the ones that are hard to come by.
     
  11. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I'm with Doug! First of all, there will be a huge percentage of these sets submitted for grading with the hope of garnering 70's. If too many of them get 70's (which seems to be the norm more often than not for moderns) then the values will not be as strong. On the downside, if your set comes back mostly 69's, you would have wasted the money because it is doubtful that they would increase in value more than the $600 that raw sets seem to be selling for at present.

    tonedcoins: "An eye for grading" would do no good with these sets because they must be submitted in the unopened shipping container for all of them to receive the 25th Anniversary label. It's just a crapshoot!

    Chris
     
  12. tonedcoins

    tonedcoins New Member

    That is very true and I didn't think about that. Ignore my response For My Son. I was wrong.
     
  13. For My Son

    For My Son New Member

    That's a good point. However, like Chris stated if I am to get them graded and receive the 25th Anniversary label I need to send the set in unopened. If I send the set opened only the special 2 set coins will have the anniversary label.

     
  14. BUncirculated

    BUncirculated Well-Known Member

    Yes and by unopened he means, still in the sealed package the Mint placed it in.

    Just an FYI, 70 on the label is really overrated, and more people are buying 69s because they are just as nice looking as a 70. I'm with Doug and the others, save you money(roundtrip shipping, submission fees, insurance, etc.) and keep them in the OGP.

    In the long run, you have 3 1 oz. bullion coins.
     
  15. For My Son

    For My Son New Member

    OGP? Original package?
     
  16. BUncirculated

    BUncirculated Well-Known Member

    OGP=Original Government Package ;)
     
  17. For My Son

    For My Son New Member

    So are we all in agreement that by not having it graded and keeping it in the OGP and COA I should have no problem selling this set say 10 years from now?

     
  18. For My Son

    For My Son New Member

    sorry almost sent same reply twice

     
  19. BUncirculated

    BUncirculated Well-Known Member

    You wouldn't have any trouble selling it one week from now.

    As I stated, at the end of the day, you have 3 1 oz. silver bullion coins.
     
  20. jello

    jello Not Expert★NormL®

    Ngc or Pcgs and put the mint sealed box in one just a little larger than mint box.

    2006 20th Av set, I sent 2 in to Ngc.one I just put a new label & the other one in a larger box than mint box. the one I just re-labeled was sent back Ngc did not get graded it was returned with a note how to have set like this graded, Ngc could not tell if seal had been broken & just charge me shipping to return that set.

    but the one I put in a larger box was grade as black label 20th Av.
     
  21. For My Son

    For My Son New Member

    What MS grade did they give the black label?

     
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