The one time INB actually graded a coin correctly?

I have in my possession a 1964 proof penny graded by INB as PR70, and after looking at the coin, it could actually be a proof 70 red(?!) The minimum grade in my opinion is a PR68RD, possibly a cameo as well. In fact, the NGC Price Guide states that resell value of a 1964 PR70RD penny is as much as $2,500, and the finest they've graded is a 69!

I've been thinking of getting it certified by PCGS or NGC, but I don't know the total fees after shipping. What would be the total fees for a 69 or below, and what would they be for a 70? Any information would help so I know whether or not to get it graded. I simply don't know much about getting them graded, as out of all the ones I own, not a single one was a coin I got graded myself.

 

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You will have $60 to $80 in fees. PCGS has only graded 10 of these as 70.

 

It's not really worth the shipping and insurance, etc. unless you have 10+ coins to submit, in my opinion. Unless you piggyback on a dealer submission.

Also, betcha it ain't a 70. But you gotta get your feet wet sometime. Submit whatever you like.

 

I'm also quite doubtful that it's an actual 70. It is a strong candidate, though, for a 69.

In all honesty I'm quite shocked that they actually graded something a 70 that wasn't at most a 65.

 

If the fees are that high, it may not be worth it. A lot of those proof 70 coins really don't have a true market price, as an NGC PR70 "worth" $80 could trade for $30.

Honestly I'll have to be very careful. Unfortunately I don't think any grading companies go to shows in my area.

 

Beauty is in the eye of the beholder, you! TPG's are second only to you. Good luck with your decision.

 

I do admit, I am a pretty good coin grader. If you have an Indian Head penny, I could about look at it from 3 feet away and tell you the condition. MS coins are more difficult like deciding if it's a 63 or if it's good enough for a 64.

Honestly TPGs are second only to all of us. If we like the coin, sometimes we can grade it ourselves accurately, often even better than PCGS, NGC, or even CAC.

I really like the coin as well! Hopefully I'll get a professional opinion. I've seen ANA members in my area.

 

Dream on.

 

Truly it depends on eye appeal. We may have a coin like a Seated Liberty dime that is an MS for sure, but has very little eye appeal.

To be honest, some people act like PCGS and NGC have the only right opinions. After all, grading coins can change for all of us. That dime may look like a MS62, but in all honesty PCGS may think it's a 66 due to very few marks.

 

Even a blind squirrel occasionally finds a nut?

A busted clock is right twice a day?

I doubt it's actually a 70. In fact, I will say - sight unseen - it is not a 70 and have at least a 6 9s chance of being correct in my statement.

If you want to bet $60 to have it graded on the 1-in-1,000,000 chance I'm wrong, well, it's your money.

 

Honestly, betting $60 in a way that it'll come back as a 70 is kinda like a gamble. LOL

 

The lottery offers better odds, and it's a tax on peole who slept through high school math class.

 

Or people who slept through literature. If I hadn't done this stuff while homeschooling, I likely would've slept through literature.

It would've been something if I had to pay tax on a lottery, likely a small one, or worse, someone's MS67+ 1901-S Barber quarter.