To grade or not to grade? (2015 P penny)

Well said Paddy

 

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Most Shield reverse cents are not on a collectors wish list. Only a NEAR perfect example might be worth grading at a discount. Every little bubble, scratch and nick might not make it worth while to grade. Plus I could guess the amount of this coin made has an effect also. Thinking most members have handled 100s of coins just like yours

 

Pcgs has an associated app . Called coin fact . It taught me so much more than I knew . It's free ,had virtually every coin you want and prices grading help
Highly recommend !

 

Very cool. Had no idea. Omw to download now! Ty!

 

So does that mean that unless its perfectly new looking dont bither cause no one cares about it? Now i feel sad for the millions of other left out coins! Its ok i will tell them! Come with me! I will find someone to love you! Lmao. But seriously. That is the case though, isnt it? Hence the rarity and thus high demand.

But what i have been discussing with PaddyMan would put those others into a more welcoming place with collectors. Now of course not the extremely wealthy snobby snarky and /or serious collector would ever look at ...but I'm sitting here thinking about all the people who collect coins. not everybody's going to get a chance to get one of those rare ones.. because 1. there's not a lot of them and 2. they jump price going from Jesus, a 64 to a 68!! that the majority of people are not going to be able to afford that kind of stuff. so why just disregard the rest of them ?? you know maybe just maybe those those lesser varieties and the the more damage ones, can still be utilized for people who love coins and are passionate about coins. And the history and all the other stuff that goes with it. what do you think?

 

Aside from any rare variety (good luck they are out there, somewhere in a jar), the coins that CRH find, while very interesting/educational, are usual worth less than a dollar. Now, let's pretend they are worth $10 each. You would suppose you could sell 10 of them ($100) for at least $50 and since they cost you only 1c, soon you would be rolling in money. Unfortunately, the folks who would pay $10 for one of those coins are not interested because they are looking to find them for 1c also. It's a big wheel with all the CRH searching the same rolls and selling them as unsearched or trading them at the bank for more "new" stuff to search that has already been searched 95% of the time. Thank goodness CRH is fun. I do it myself about 20 min a week with cents my dad saved. At this rate, I should have finished looking through them in another six years. I do have a few coins with die breaks, cracks, clash marks, and tiny strike thru's for my trouble. I'd guess I've spent perhaps 60 hours over the years CRH and I really haven't turned a profit.

 

Well, here’s the deal….. I started filling a Lincoln cent book in the 1960’s. Wheat cents were like solid gold to this kid. There was a very small coin dealer between my house and school and I was in his door most every day after school with my lunch money. He had a giant jar of wheat cents that cost me three for a nickel as I recall. I was in heaven. Then I took a newspaper route so I could buy real dream coins like worn slick V-nickels and barely readable Indian head cents. Again, heaven had touched me…… Fact is, I was a happy and content coin collector on a major budget most all of my life. It hasn’t been but the last dozen years or so that I have afforded myself some of the better coins that I have dreamed about since the 1960’s…….. Absolutely routine coins can find a happy home in anybody’s coin collection. Some of the most mundane coins in any dealers junk bucket kept me a happy collector for thirty years. That is the best thing about our hobby. You simply cannot do it wrong!

 

One of the best skills to learn with high end MS coins is being able to judge that degree of "new looking".

As those MS numbers go up the chances of finding one go up exponentially is why you see the crazy price differences. If a particular coin in an MS67 is rare, and in an MS68 incredibly rare, an MS69 barely any may exist, MS70 you're likely to never see one.

And this is in regards to coins minted for circulation. In those high MS states you also have to start to consider the quality and state of the dies and more...there are a few fantastic series of grading videos by PCGS on YouTube

 

Thanks! Gonna watch it now. This is one of the things that perplex me cuz there is no definitive listing for damage observed. Basically, that is what it is rating. when looking at the prices on pcgs I have noticed a pattern. No matter the top grade, there usually is a huge difference between "1st" and "2nd" place, so to speak. I do understand how hard it is to come by that perfectly undamaged beauty in circulated coins, But also, upon looking at examples on pgcs, of say a 67 and 66 grade, its almost undistinguishable. So, to be able to tell if I found one that would be considered for that elite gbroup is very difficult for me. I am looking not to be able to grade a coin, but to know how to distinguish whether it warrants further inspection and research. Just to have a ballpark idea.

 

Know that distinguishing between a 66 and 67 is a challenge for almost anyone. Even those of us who consider ourselves pretty good at it with particular coins regularly get surprised by grades. It's part of the reason multiple graders judge each coin individually so that a consensus is reached for the final grade.

 

oh ok..that makes sense..wasnt aware of that. thanks

 

I can see your point. I think I’m one of them. Shiny coins all look MS70 to me. I don’t buy coins cuz I’m stupid dangerous with grading.

 

In your thread title you asked, 'To grade or not to grade, or is it too new' ? I don't think it is a question of age of that coin. I am wondering what specific trait you think it may posses. Is it a possible error, or a variety ? If neither then I would see no reason to consider it worth over one cent. My reasoning is that there are millions more out there in circulation just like it. Short answer is no. I would not spend that kind of money to certify and slab a coin that will still be worth one cent fifty years from now.....martha

 

Confucius say, "All you need to start insane asylum is empty room and right kind of people."

 

the coin is too damaged to make it worth grading as well has too new of a date and is only worth 1 cent. I would suggest that if you want modern coins, go to the mint and buy a mint set or proof set so you can get good quality coins. (Or at least a better shot)
the coin has a lot of plating blisters (bubbles) as well as die polish lines. and toning spots. With most modern coins, you need to get fresh new rolls and then search them for the premium specimen's that have a good strike and minimal marks. Grading fees of at least $6 (and probably a lot more), per coin would limit the value of having a coin graded unless it is a top specimen or you were possibly building a registry set and needed that date in a graded holder.

 

Keep hunting, Keep asking questions. Keep this in mind when asking, Be specific.
Also consider the cost to have a coin certified, it is not cheap and unless the coin is worth much more than the grading fees, put it in a 2x2 flip, place it in your collection and go forward. You might find something but very doubtful it will be one of the newer Lincolns/Zincolns.
Semper Fi.
Phil

 

i was just picking you guys brains, you will see me do that time from time. Just curious on different aspects of CRH and the whoie coin collecting world My Dad always said if I had a question about something to seek an answer from the experts first. I was more likely to get their time and opinion if I was to generalize the question and leave it openended for discussion. By reading all these responses I just received a plethora of information to consider before I leap to get something authenticated or graded. Follow the foot path of the wise my Dad always said and you cant go wrong

 

No. They need to be flawless for cents

 

Keep searching. As for grading NO, as has been stated there is nothing that makes that coin worth anything more than the value that you see in it. There are FEW if any Zincolns worth more than face value. Enjoy the hunt.
Semper Fi
Phil