another 25th ase, about grading

okay, hopefully this isn't a duplicate of others. i have yet to have my questions addressed. i only purchased one set and i intend on keeping it. is it, or will it be worth it in the long run to submit the complete set for grading? i have never submitted any coins for grading although i have been known to buy some. alright, now i am rambling.
is it worth the expense to send the sealed coins to a TPG or just the two unique to the set. i will want to tear into the package like it was the christmas of 71

 

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If the coins look "perfect" to you, it may be worth attempting to get a 70 grade on the keys and maybe the non-keys. If you see any problems at all on the coins, don't waste your money getting them graded.

 

I'm pretty sure they're going to need to be left in the mint sealed packaging and sent like that to get graded. Otherwise somebody could take a single proof or bullion coin in better condition and swap it out with the ones in the set. I think they're trying to avoid that. Sounds ridiculous but they're trying to keep the integrity of the set together I suppose.

After you got over the sticker shock of what it will cost to grade and ship the set, you probably wouldn't be interested even if you could inspect them before sending them down. It cost me $60 to get one coin graded by NGC at a show. That was handing it to them in person and having it handed back to me the next day. No shipping or insurance.

I don't know the cost but this isn't something you're going to get done for a hundred bucks. Probably closer to $200 for one set. Then if you get all 69s back, well.... you lose.

 

Leave the "grading game" to the fat cats. They're going to bust a whole bunch of these sets up lookin' for that elusive '70. You'll be better in the long run as you'll have yours in OGP and with the feeding frenzy that's going on of late, OGP will be the rare item. Besides, most of these things are going to grade out at '69. Keep your money in your wallet (although you've already parted with $300) and enjoy the OGP. Don't succumb to the hair splitting game. That's just one schmoes opinion....

 

Yeah! What he said!

I am in the same situation as you. I purchased only 1 set, with the intention of keeping it. I am not having it graded because I will know how much I like the coins once I see them. I don't need to pay some corporate dweebe to tell me how much I should like them.

As Green said, the majority of these will grade at a 69 anyway, if the Mint is up to its typical standards and the difference between a 69 and a 70 is sometimes even difficult to spot. A lot of it is an ego thing.

If, on the other hand, you are going to sell them and they look good, as others have said, it might be a good idea to have them graded because for some reason, even though there is only a small difference in appearance between a 69 and a 70, there is often a big difference in price.

Anyway, this has all been a fun ride so far. It is interesting to watch things unfold in terms of secondary market set prices, etc. I am curious to see what the statistics end up being on the number of 70s graded and what the average price will be for the 70-grade reverse proof and the uncirculated-s that are sold separately.

 

I got email back from PCGS. They said that if you send an unopened package, they will send your OGP back with the graded coins. I'm sending my 5 sets in hoping for some 70's. Anything less than 69 will probably get cracked out and put back into OGP. I'll risk it because I think that 1 set of 70's will pay for all 5 sets and the grading, if not more.

 

I may finally join the dark side and start submitting my coins for grading, but so far I've resisted. I still have one unopened 20th Anniversary Set that I was going to have graded but never got around to it. I've been extremely busy the past few years and haven't had much time to spend on coins but fortunately I got a 5-set order of the 25th Anniversary Set in with the Mint after 3 1/2 hrs of trying.

Assuming I join PCGS, how much will it cost to have all 5 sets graded with the first strike designation?

 

Someone posted the PCGS grading price a while back. I think it was around $130.00 per set of 5.

 

I am just gonna open the suckers up and enjoy them for the very reason they were purchased to begin with.
in process and shipment moved to 11/17

 

I'm with you 1000%. I remember when I was a kid and my parents would never let us use the living room because they wanted it to stay new. I think I reacted against that. Anyway, I purchased those shiny, round baubles for enjoyment and that I intend to do.

 

What would it cost me to send in a sealed 5 set box to PCGS seeking the first strike tag? This would be my first time

Thanks

Edit, sorry see the $130 price above. Is that accurate?

Edit part 2: So it would be 5X$130 for a sealed box of 5 sets? Yikes.

 

I was thinking about only sending the 2011 RP & S in for grading.

The only two coins that really matter in this set are the two Key Dates which are the 2011 RP & S. These two coins are probably worth as much as a complete set.

Since a 1995W in PF69 goes for $2700+ for 35K mintage and a 2006 RP goes for $240 for 250K mintage I suspect that the 2011 RP & S might go for $750-$900 each in PF69.

The are plenty of the other three coins already available and slabbed in PF69/70. The chances of getting all five coins from the same box graded PF/MS70 is very unlikely. A set like that might sell for $100,000.

 

I'm postponing my decision to December.

I have an order for five sets (just went to in process). If it arrives before the PCGS show in Las Vegas (Dec. 14-17), I can take them there to be graded. According to PCGS, if I open the box in their presence, I can look at the coins, decide which I want graded, and have them graded as the 25th Anniversary set.

I'm hoping that, by that time, I can look at the population report to decide if MS69 and PF69 are worth having graded.

 

They won't be putting them in a single holder, so there will be no way to know if a group of 70s came from the same set.

 

What will be the highest priced coins for people who are into buying labels, is if PGCS or NGC come out with special labels for some select coins.

 

Does coming from the same set really matter? The potential population of five unique 70's from the 25th Anniversary set should be very small...maybe not worth $100,000 , but certainly a high dollar set. :>)

 

Hmm. That option may have just priced itself out of the market. According to PCGS, I would pay $65 / coin (show economy), with an additional $18 / coin for first strike. When I talked with them before, they said $14 / coin (modern) and implied that the $65 was a surcharge on the order. This time, they said $65 / coin.

Since the show I would go to is mid December (Las Vegas), graded sets will probably be being sold on Ebay, so I can decide if it is worth it then.

Part of the problem is I can't tell the difference between a MS69, MS68, or MS67. All I can do is only have the coin graded if I don't see any flaws - and hope the grader doesn't, either.

 

That's why I'm sending all 5 to PCGS. I'm willing to take the chance. One set of 70's, with 25th and FS labels will be astronomical $$$.

 

Well, the vendors disagree with you. You can already pre-order a full set of 70s from either PGCS or NGC from ModernCoinMart. Unless only one or two set of coins hits 70, you won't be seeing anything close to $100,000.

You might see "astronomical $$$" is if you end up with a label like "Deep Proof Mirror Like" or "Proof Like", etc. Did wonders for the few UHRs that got it.