Should I send some 2015 cents off to be graded?

Ok so a while back (3 years ago) I got a box of cents from a box and it was solid 2015. And so for a while I’ve been sitting on it. All 50 rolls are still there all wrapped up and tucked away. So last night I got to thinking what I should do with it. The simplest would just be to take it back, get $25 and move on. I could also try to sell the rolls for a bit over face (75 cents a roll or something). But, I also though about opening them up and sending the best looking ones off to be graded. 67 is the manic grade I would be looking for. From what I can tell off eBay and price guides, 66 goes for around $10 while 67 goes for $55. Grading would be $16 per coin from NGC. So would it be worth the risk to open them all, pick the best examples and send them off?

 

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Personally, I wouldn't submit any modern coin if the (potential) value was less than $150-200.

Chris

 

That’s true, but without grading, I doubt I would get anything over face. This would be pretty much playing off people who buy the holder and not the coin. The holder makes it 5,500 times more valuable.

 

$16 + shipping and insurance would reduce your quoted value to less than $35 (net) before selling fees. Based on that, your time and effort spent examining each coin would probably be less than $1 per hour.

Have you bothered to check the NGC Census to see how many have already been certified in the highest grades?

Chris

 

NGC has it at 82 in MS 66, 216 in MS67 and 67 in MS68. Just throwing MS68 out there even though I doubt I could find one.

 

Personally, I wouldn't bother. BUT, if you think you're pretty good at determining which ones have the potential to get 67 and better, and are feeling lucky.....?

Basically, you're betting that you have the skill to pick out the coins that will get the high grades from NGC (assuming there are some in the box). Might be kind of fun if you have confidence in your skills. Might be painful if you're risk averse and don't want to lose money.

IMO, that's what you need to determine.

 

Personally I get a headache just thinking about going through 50 rolls of 2015 cents, so my vote would be no.

 

I would virtually NEVER consider this worthwhile doing, unless I desperately needed another coin to make a discount and it was the most magnificent Zincoln I'd ever seen.

You may feel this an ethical way to plan to do business. I don't.

 

In that case, I wouldn't bother. With that many in the highest grades, the collectors who really want them for their Registry Sets have probably already acquired them. The collectors looking for them, now, will probably want to get them as cheaply as possible. It just ain't worth it!

Chris

 

82/4.5 billion hmmmm.......... buy 16 lottery tickets instead

 

I would not do this for the grades, keeping in mind that they have all been bounced around at the Mint and again by the wrapping company. However, there were a couple of very nice doubled die coins for the 2015 P. I have a high tolerance for going through this many coins, many others do not. But in the end it's always your choice.

 

Thanks for all the input everyone. I’ll hold off for now and try to just sell off the rolls.

 

The cost of grading means you're not even likely to break even.

 

How about just selling the whole unopened box at a premium and letting someone else take the risk?

 

Short answer: no.

Long answer: ummm..... no.

 

100% in agreement with Chris, Kurt, Tommy, et al. Too great a chance taking a loss here if your goal is to flip for a profit and not to keep for yourself and/or for educational purposes.

 

Seriously, though, if you want to see how good you are at picking the cream of the crop without sending any for grading, go through a bunch of them, then pick the top 5 coins. Put these coins in flips and take them to a large show where there are grading services giving opinions and dealers of high-grade moderns. Tell them this is a hypothetical submission seeking 67 and higher grades, and you want to see how well you did picking them out of a bunch of rolls. You'll learn a lot more for a lot less than the cost of sending them in for grading.

 

Now THAT is a superb idea.

 

Just as a data point, I recently purchased a 2003 MS69 RD - Top POP coin, at my local club for $10. Flipped it on eBay for $40.

 

Cut a deal with one of the QVC type dealers. Let them do all the slabbing and collect a commission on what they sell. If that doesn't work for you sell the box intact on ebay and show all the possible varieties that could be in there. You need to sell the
sizzle not the steak. good luck