Worth grading?

It is always good to receive opinions on whether you think or not this 1962 PR cent should be sent in for grading. I recently ran into a few exceptional Wheaties in the 50’s and 60’s that may qualify, as well. They are UC and in great shape surface-wise. And some have great luster, too. Just can’t post photos of all of them. What years in the 1950’s and 60’s would be worth grading if you thought you could get MS65 forward on any particular year(s)?

 

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Easy way to tell, look on e-bay for graded coins of that grade and year and see if they sell for more than it would cost you to grade it.

 

I would say not to get it slabbed. A proof67 Red Cam just sold for 10.50 with $3 shipping. Don't slab it unless it has some meaning to you personally.

 

Not worth the price to grade.

 

Not worth it, but it's a nice-looking cent.

 

Thanks All. It’s too bad grading and all the other options end up devaluing what it all would cost.

 

I’m back after pulling 2 Lincoln cents out of an album that was given to me. These two, a 1972 S, and a 1974 came out of the album after being in there for 40 years. Not sure if they are worth more than face value, but they are in great condition. Put them in a flip or consider grading?

 

Not worth grading.

A good rule of thumb is to never consider grading a coin that is worth less than $100. Many people even say $200.

 

They are certainly nice cents. But nowhere near the value of the cost of submission.

 

Is not the value determined by what one will pay for a coin, and the standards of grading?

 

Most certainly. Anything’s value is determined by what another will pay. I would suggest that the pool of potential buyers of a nice common date cent that are willing to pay much more than pocket change would be quite a small pool indeed.

 

Way back in the pre-internet era, you either bought your coins at a shop or show or ordered them unseen from ads in Coin World and such publications. The grading of coins I think (and please correct me) was made to facilitate the buying and selling of coins without being able to see them "in-hand".

 

Wow! You remember those days too! I can only agree as that is how I built some of my collection.

 

As a round figure, you want your coin to be worth at least $200 before having it graded. 90% of the posts asking if a coin should be graded, and the coin is worth less than a dollar. Many even 5 or 10 cents.

 

Bought this 1964 Washington quarter today for $8. I’m glad I did.

 

Yup. And you would get sheets from vendors of their inventory. Then you call them, they would hold them and I would mail a paper check. Wait and get the coins in the mail. The good 'ole days.