Hello all, Happy New Year! Do these coins worth grading? Also, can anyone tell me what is going on with the Jefferson dime? seems like a die break or something, but it looks cool thou! looks like a tear. Thank you.
It might not seem modern to you, but coins from 1959 and well before then were saved in quantity by coin dealers and collectors. Mint State pieces are available in large numbers. The only pieces that night bring significant prices are in certification holders with very high grades, like MS-68. Collectors who participate in the registries pay high prices for those “finest known examples” to be at the top of the list with the best registry collection. It’s a rarified market, and most of us don’t get hung up on it, especially with modern coins. It’s also hard to get coins like this into very high grade holders. The grading company, PCGS, is at the top of this market. It’s a combination of the fact that such superior coins are scarce, and, I think, the grading companies want to hold down the supply to keep the prices high.
You mean the Roosevelt Dime It's a scratch. Damage. Not a mint error of any kind unfortunately. A Die break is a break on the die itself. When it strikes the blank planchet the metal from the planchet will flow into the void of the break or crack and would appear raised on the surface of the coin. Welcome to Cointalk
To follow up on what @paddyman98 said, here is a example of extreme die breaks. You will note that the lines are raised because the metal flowed into the die cracks when the piece was made (struck). This is a fairly common token that was issued during the Civil War when citizens hoarded most of the coins the Union Government was issuing. A merchant who baked and sold pies issued this piece in New York City during the Civil War. Here is a complete 1959 Proof set. Proof coins from 1950 onward have been issued as complete sets only. Therefore the 1959 nickel you have was once part of a set. This set has a dealer wholesale price of $25. Much of the value is in the silver half dollar, quarter and dime which melt for around $17.
Maybe because I only collect ancients, and we don't slab, but I still don't understand the fascination with slabbing common coins.
As noted, the ‘73 has too much wear on both sides and is a common coin. The unofficial benchmark for slabbing is to have a coin worth at least $150 to justify the costs of grading, attribution, insurance and shipping (insurance and shipping is paid for there and back). You can have lesser value coins slabbed for personal reasons but don’t expect to recoup those mandatory costs. The ‘59 does appear to be an impaired proof. It looks to have full steps, too, but as a proof it does not qualify for full step (FS) attribution. The TPGs do not award the designation on labels due to the fact all proof Jefferson nickels should have full steps ( if they don’t then it is a poorly struck proof!). The Roosevelt dime is damaged and is only worth face value. @The1thelast …you would be wise to trust our opinions. Many Coin Talk members have many decades of expertise in this hobby of ours and we pride ourselves in disseminating factual information. Inaccuracies are dealt with toot sweet. Remember to do your own due diligence on coins you find and post your questions on your research. If you haven’t done so already, go to doubleddie.com ( John Wexler’s website) and read everything there. Once you have read and understand the facts, tenets and concepts listed there it will launch you lightyears ahead as a collector. Good luck and keep on hunting!…Spark
None are worth grading. The Dime is damaged. Even some coins from the 1920’s are considered common. It’s not the date of issue that makes them more valuable, u I FS the mintage and condition of the coin.
Me too. When I go to shows I’ll always pick up a few slabbed modern coins to bring back to the kids. They are cheap and the kids think I brought them something. I think that because I was collecting long before we had TPG’s I have been able to dissect some of the aura around slabbing and it’s affect on value. Even though we say otherwise, a label absolutely affects the value. And the moderns are just new collectors that don’t know any better or someone playing the registry dice.
NGC slabs ancient coins and is doing a credible job the Roman pieces. I have a couple. The big one is a high grade Gordian II denarius.
Most grading companies slab ancients coins, and just about anything else you send them, however ancient coins were never meant to be slabbed. Ancient coins were meant to "breath", be held in the hand, be studied and compared to other coins. You just can't do that if their slabbed. Heritage is notorious about slabbing ancients and then charging ridiculous prices for them. Luckily there are still plenty of un-slabbed coins available. The few slabbed coins I purchased I immediately cracked them from their cases.
Your response is mostly correct. Just hope that the Chinese don't get involved with copying ancient coins or anything else. It has become a scourge for U.S. collectors.
