Is it worth my time and money to send presidential dollar proof coins in to be certified? I need to break up the 2011 dollar proof set. Would the value likely to go up or would I be wasting money? Thanks
Unless you are reasonably certain that the coins would grade 70 it would be a waste of money. And since you need to ask the question I would have to guess that you are not reasonably certain what the grade would be.
Definitely not worth it. Assuming the coins grade PF/PR - 69, which most modern issues do nowadays, you would spend at least $20-30 per coin getting them graded if you sent them in yourself to the major TPGs, and you would be able to sell them for less than $10 on eBay. Definitely do not do it, and also, why would you break up the proof set?
Thanks for the advice. I am very new at this and was unsure what would happen. The 2011 presidential set had one very bad coin, and I thought that I could sell the other three separately and buy a new set.
Did you buy the set from the Mint or in the secondary market? If you bought it from the Mint, you could always return it for an exchange. Chris
I bought it from the mint. I know I could have returned it and probably should have. I think it is a little too late for me to send it back now. Also, I opened up the container to make sure it was the coin. I found out it was and tried to wipe off the spots, which toned the reverse side. Should I remove the coin to keep the other three in decent shape? I learned some valuable lessons from this experience.
Very, very bad idea ! Never touch the the surface of a coin with anything. You will only do far more damage to the coin.
I realize this now. I am making many newbie mistakes here. At least it is with something that is not overly expensive. How do you handle coins safely?
You do not ever touch them, keep them in their holders, if you must hold them, hold then by the edges with washed hands or with gloves, and always not high over a soft velvet surface.
