I was checking out NGC's and PCGS's price guide, and I saw that a 2011 cent in MS-67 is like $200. I have rolls of 2011 cents from the bank, and I was wondering what the chances would be of having one graded 67? I probably couldn't do it anyhow because of money, but I was just wondering how likely it would be to have one graded MS-67. Thanks!
Maybe the whole proof and MS thing. They take extra time with proofs, which would lead me to believe that more coins are nicer?
100% correct. Business strikes aren't meant to be in higher grades and to be used a lot making them a lower grade while proofs are meant to be in the high 60's (Pf 68-70) in proof condition.
Exactly. Nearly all proofs made today will grade a 68 or higher. But with business strikes, higher MS grades are hard to come by.
I was thinking of cracking a few rolls open, and then take the nicest one and have graded. I'd like to go to a show this fall that ANACS will be at, so maybe I will just wait until then and have it graded there.
If any of them were to grade 67 with ANACS, they will not realize the prices anywhere near a PCGS or NGC slabbed coin.
This. Also, the likelihood of you finding a 67 are slim. 68, near impossible. You'll find plenty of 64's, 65's and 66's though.
1c MS-67 out bank rolls can be done but the cost to send a 50 coins to have graded by any TPG is very costly.
I know that ANACS won't realize as much, but if it grades high I could always crack it out sometime down the road and submit it to NGC/PCGS. I would never have a whole roll slabbed. I would crack a roll open, and the compare coin to coin. The nicest coin from that roll would be compared to the nicest in the next roll. If I go through enough rolls I should be able to find at least one pretty nice one.
The reason it won't realize is much is because ANACS is not as strict of a grader. Lets say your coin came back MS67 in an ANACS slab. A crack-out and resubmit to PCGS or NGC may come back as a MS65. If it were me, and I wanted to do this. I would track down some good photos of MS67 graded coins by PCGS and NGC (Heritage auctions is a good place to get photos)...and then I would very carefully go through my cents and see if any were up to that level. If some were, and I was confident in it...I would then submit to PCGS or NGC. IMHO, ANACS is a waste of money.
If you want to shoot for the 67 (or higher), I would do a bulk submission and make your minimum grade requirement a 67. That way, you'll only lose $5 instead of $20+ it takes to slab all the cents that didn't hit 67 or above. But you have to be pretty sure that at least 1 or 2 will hit 67 to make it worth your time.
Even still, $5x 50 coins = $250. That would be the way to go, but I just don't have that kind of money. Anyhow, I guess ten maybe an ANACS 68 or 69 MIGHT be able to make 67 with one of the top TPGs
I don't remember the exact site I got the general info from but first off they did say Denver mint cents come back high grade that philly for some reason. They said a MS 70 from the run of the mill bu obw roll is said to be like hitting the lottery, a 69 in mint state it like hitting 5 of the 6 lotto numbers. Odds of a MS68 are 1 in 100,000. Something like over half the roll will fall MS60-64. That leaves the left over coins that get 65,66 and 67 grades. Of course some rolls will have better than average coins and some will have worse than average.
The worst thing that I see on new business stikes is the circle that appers on them. I don't know what they are from, maybe being run through machines, but they make otherwise nice looking coins nasty.
Also NGC/PCGS lists aren't accurate and over inflated. Ebay currently has 6 2011 cents in MS67 the highest are BIN's at $119 way under $200. The problem is pcgs/ngc's value guides are based on value trends and population. How many 2011 cents are out there in existance? Hundred's of millions if not billions. No one goes through the hassle of submitting thousands of coins for those 67's, 68's and 69's. So population reports show something like 10 graded in MS67 and appear rare when all it takes is 5% of the mintage to be graded from the populations to swell and prices to plummet. I know price guide magazine's aren't much better but coin values magazine from a few months ago has something like the last three decades of lincoln cents in MS67 listed at $35 low end and $75 on the high end.
I would suggest that you learn how to grade before sending the coins in. Open all of the rolls that you have and compare each one to find the nicest one. First find the coins with the least contact marks. Then out of the group with the least contact marks, find the top two coins with the best strike. Next, select the one with the nicest luster. Then compare it to known high grade pieces. This could tell you if you have any that are even close to a MS-67 grade. But even that is not a guarantee that you will get a MS-67 when you submit a coin. Personally, I think that having any modern coin graded is a little crazy. I have a friend that spends thousands every year on grading Roosevelt dimes. Sure he has the number one registry set, but for the money that he spent, he could have a MS Barber quarter collection or MS Morgan collection by now. So I ask, which would you prefer.
I would take the MS Morgan set any day, but I only plan on having this one coin graded, and that is only of I think it is nice enough.
