Going through dead uncles attic found coins

Well here's the thing...

Pcgs makes money grading...so grade it slightly lower the first time, coin comes back, they make more money.

If we sell it, it may have more appeal being the grade it is now because someone may buy it knowing if they regrade it, it's money in the pocket.

If we regrade it, it'll be worth more and we limit the potential buyers.

Everyone we talked to that seen the coin said it should grade higher, not one person said it will grade lower...

 

Log in or Sign up to hide this ad.

Die cracks add interest and can be used as markers for folks who collect die marriages but they don't necessarily add value. Some numismatists even consider them damage. I find them really interesting........

 

It's a JR-3--one of 5 die marriages for the year.

Only the JR-5 and to a lesser extent the JR-2 are worth a premium for the attribution.

 

Got any links that discuss this? Inquiring minds want to know!

 

Great story and thanks for posting it again. Beautiful coin and congratulations.

 

Here is a CoinFacts photo of your coin.

 

Wow! If you have any Marvel, Detective or Action comics, especially Batman or Superman, then you could have as much value there as in the coins. If they were stored loose in an attic they might have lost a lot of value, but still collectible.

 

If this is a true representation of George III, he has the biggest neck and the smallest face of any human being I've ever seen.

 

What else does it tell you?

 

I loved the story and I'm so glad for you and your wife. I suggest not consignment, if you decide to take it back you will have to pay a lot of money, I don't like the auction house because of their premium, eBay has a bigger audience and I've seen things sell for a lot more than your fantastic coin is worth, something to think about, IMO

 

What does the part in bold type mean? If about consigning to dealers, then I know of no dealers who take coins on consignment and then charge their consignors if the coin fails to sell. If about an auction house, then there are ways to reduce or avoid this.

 

PCGS hangs their collective corporate hat on the twin prongs of accuracy and precision. This means they portray themselves as being right about the grade the most and that they will reliably grade a coin at a certain level over and over. Of course, no one could hope to have perfect accuracy and precision when it comes to coin grading, but I don't know that I would claim that PCGS undergraded your coin on purpose simply to get another grading fee.

 

Don't let the 'mad money' go to your head OP. Sit on this one for awhile. Keep it in this original holder and lay low. The value is there. It will increase in time, so I say 'hold'. You seem more interested in investing (as evidenced by the wife suggesting re-submission) but don't let this type of thing get the better of you. You have a nice piece of history in your possession.........

 

I agree that it is a nice piece of history, but let me ask you and the owner... If you were given $11,000, would you go buy this coin? I doubt it. That is usually my test for whether to keep or sell a nice piece I could make money off of.

 

Spot on dear fellow......

 

No iIwouldn't. If given that much scratch freely I would spend it all on classic commems and single barrel malt........

 

That's true too I suppose...

I read this on their website...

What is a Regrade submission?
Coins currently encapsulated in a PCGS holder are considered Regrades. Submit Regrades in their original PCGS holders. The coins will be removed from their holders by PCGS and go through the grading process as raw coins. Your coin will then get holdered with either the same grade or with a higher grade in a new PCGS holder. You do not have the option of keeping the original holder.

Also, many people buy coins just to have them re-graded and make money...that is basically what I was getting at. it might not increase, but what If it does???

 

It would be worth sending in several times in my opinion, and maybe to both PCGS and NGC. With a coin this valuable, it's not like it is going to make you go broke trying it several times. If it grades lower next time, keep going until you get this grade again. If it grades higher, jackpot.

 

That's just it though....
People that pay $11,000 for a coin have millions... they aren't in the same area of thought as someone given $11,000.

Me, I'd buy another chevelle or finish the one I got.