How much does a PCGS grade add to a coins value?

People are scared of nice, high grade, raw classic coins. Also, I sold that 1831 quarter 2 days after I bought it from you for a profit. So that sucker did well for both of us!

 

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They were raw when you purchased, the coins did not change. That was also my point when I said the “Buy the coin, not the slab” saying that everybody likes to quote is actually becoming further from reality in today’s market, where the market/other collectors are all but forcing people to buy/sell slabbed, otherwise you don’t get fair prices. This is due to an influx in collectors that collect blindly and go by what the TPG’s say, instead of collecting using their own knowledge and expertise. If everybody knew what the hell they were doing, the TPG’s word wouldn’t hold quite so much weight.

 

The only way to make money in coins is to quickly flip or buy high-end classic US coins 60 years ago.

 

All of you TPG experts, what would be the value of having these 4 barber Dimes graded?

https://www.cointalk.com/threads/four-barber-dimes.322391/

I assume (but am not sure) that all/most of them would not 'grade straight',
so what would grading add to their value other than adding to my cost?

 

+1

 

Technically, the coin is worth the same, however, when it comes to a high end coin, the guarantee and the authentication is the most important thing for me. For example, I recently bid on an 1880-O Morgan in a non-PCGS, NGC holder. I soon realized my bid of $2200 for a MS65 and eye appealing coin was a huge mistake on my part. After a panic attack and a couple of shots, I was relieved in being out bid and the coin closed at $3250. It may seem a good deal at that price since it's worth over $15,000, but how will it actually grade by the top TPGs? A grade lower puts it in the $1000 range. I learned a valuable lesson and will never forget it!

 

I think @ToughCOINS nailed it. If you are interested in selling them, key dates will always sell faster, and for more money, if they are authenticated. Will you find a buyer for them raw? Yeah, probably - but it will take longer, and you won't get as much for them. If I were in the market for them I would have no problem buying them at the right price, because I am confident in my grading skills - but most people prefer the security of a slab.

 

And that’s what I’m talking about. That’s what separates a seasoned, experienced numismatist from an average “collector” using the TPG’s word as a crutch to get out from under studying and learning about his target issues.

 

Not a penny and

if the coin is not worth the lsted value of the coin it becomes a dead loss to the owner.

Not a penny and if the coin is not worth the cost of the slab service then it is a dead loss to the owner. THAT SAID. Unless you are stuck with a chinese counterfeit slab it removes all doubt about the coin being real and not
altered or faked. Some key dates can not easily be sold without being
graded and examined and sealed in plastic by the major TPG companies.

 

That's not true, not with me anyway. It's the counterfeit crap that I'm afraid of. I think that's why I tend to buy type coins that just aren't worth counterfeiting.

Really good thread and discussion here, I'm learning a lot from it. And it is true that the market will figure out the true value of a coin eventually.

 

Good discussion here.
Two points to consider:
-It doesn't matter what it is, something is only worth what another person will pay for it. That is why price guides can be so misleading. I prefer to look at auction records to get a gauge on the market. You just have to be careful that you can see images, though, since not all coins are created equal.
-Unless you plan to liquidate your coins before you die (and really, who knows when that might be - today? 50 years?) your heirs will have a much easier time valuing and selling certified coins than raw coins.

 

Randy, Although your coin is slabbed , you should have bought a lower grade coin for the collection , not counterfeit. But i cant tell you what to do with your money...Think about it. What dealer would want to buy a counterfeit unless they have clients that only collect counterfeits or forgeries. You have to decide whether you want to enjoy your slabbed coin or resell sometime for a good profit and buy other dates to fill up missing dates...If it is to resell, then you have to include this slabbed item in an investment collection to which you will trade for a profit in the future sometime....I can only speak for Australia as that is where i was a dealer for 34 years. I had 2 collections as i stated above... I taught my customers that coin collecting and coin investing were 2 separate things ( no matter what the big nobs say ) ...Personally my own collection is nothing under VF as the unc and proof items remain in a safe and do not get enjoyed.... We have a saying in australia and it goes like this...UNC IS JUNK!!! Goes for Banknotes, war medals, medallions and so on. Think about it carefully, the upcoming generations will not be able to afford UNC items and they will be plentiful so it will bring prices down..But lower grades will be in collections and will not be able to be found, therefore they will be scarcer.... I had 6 x 1911s and 7 x 1912s RED UNC wheat pennies that i bought in Australia and could not sell them.... In 1990 when i came to the west coast, i brought them over with me and could not sell them as dealers did not want them...They said the collector of this sort of grade are no longer and this was over 25 years ago...So i decided to use them in a trade instead of the money...I traded for 1925 australian pennies and 1923 Australian halfpennies...Then sold them quickly to the trade when i got home and it paid for the whole holiday. Another generation has been born since then and therefore the interest of the hobby declined more...This is what i have seen and i feel investing into numismatics has long gone. Average age of an investor is from 25 to 40.. But they will have families to bring up, house to pay off kids to school and so on.... Years will pass and who will want these items later on??? When i offered my coin collections to my kids, they said " what do we want with that s--t dad"..So i sold them all. That showed me what the younger generations coming up are like and made my mind up to sell majority of what i had.... With that money i paid cash for a home and have no mortgage when we migrated to Ohio from Australia...People are going to disagree with me but i know from experience that these generations coming up only want computers, mobile phones and the like.. You lot out there will argue with me but i have seen this as a dealer.. In years to come, i cannot wait until i can say the famous 4 words...I TOLD YOU SO!!! Have a nice day

 

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That does not just apply to coins but everything...Cars, houses, bone china, nick nacks and so on.... On top of what you said, what younger generations these days are interested in our hobby???

 

I have a counterfeit 1958 wheat cent. Everything is worth counterfeiting. This logic is no longer applicable.

 

Interesting discussion.
I've heard of graded coins selling for more than ungraded. I guess the premium can depend on the grade and how rare the coin is.

 

I’m still young....... But just the idea of my collection that I spend time on and cherish being broken up when I’m dead just makes me shudder..... I just hope whatever happens when it’s my time, whoever gets my coins enjoys them into the future.

 

I purchased an 1840 silver dollar in 1971 for $3.00 low mintage at the time I could not tell if it was real but I got three silver dollars that day right place right time as that's what the seller wanted for them 3. bucks a piece I put them away as I had no time to research them when the price of silver went up in 1980 I was offered $20.00 for the 1840 in a new York coin shop in 1997 I was offered $20.00 from a coin shop in vermont and they told me that is was a fake in 2008 when I retired I sent in in to pcg glad I did its real and worth a whole lot more than I was offered . so I myself say certified is best I don't care what anybody says when it comes down to it the coin is worth what a person is willing to pay for it

 

Talking about PCGS made me think of the recently released 2018 Silver Reverse Proof Set. In particular the Block Island quarter in the 70 grade. There is a big difference in the price between PCGS 70 and NGC 70. One reason is because of the big difference in the number of PCGS 70s available compared to the number of NGC 70s available. I know the coins so far discussed here are older coins and the older coins seem to be closer priced as PCGS and NGC. What does that tell most of you or how do y'all feel about the big difference in price? I have read that some feel the PCGS premiums is a bubble that will someday burst. Do y'all feel that is true or will PCGS coins hold their higher price?