Problem Coins Worth Grading?

Discussion in 'US Coins Forum' started by Crate Digga, Jan 2, 2021.

  1. Crate Digga

    Crate Digga Active Member

    I have several +$100 problem Coins. I notice anacs slabs usually command +$10 on some of these pieces on ebay (also sell at raw price or even below) Is it worth it to get them slabbed or will the DAMAGED label detract value despite the obvious visual problems, if sold raw. Would pcgs/NGC be a better home for these coins? They are not rare but uncommon enough to be valuable. The only coin I can imagine selling better raw would be a copper, but most of the low grade anacs draped bust cents have a +$12 premium added for anacs slab. anacs 12 coins/$119 make it seem like a no brainier to keep them protected, and provide a rough grade/value for my heirs. The draped bust half dime I only saw low grade anacs example sell for under $150-250, while cull grade NGC sold for $300-$500.

    1795 1c (fr/ag)
    1800 h10c (holed VG)
    1808 50c (cleaned VG)
    1859s 25c (damaged VG)
    1861s 25c (holed G)
    1878s $1 (MS62/63)
    1935s $1 (AU)
     
    Last edited: Jan 2, 2021
    MIGuy likes this.
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. Robert Ransom

    Robert Ransom Well-Known Member

  4. Crate Digga

    Crate Digga Active Member

  5. Crate Digga

    Crate Digga Active Member

    [​IMG]
    [​IMG]

    With the large spread on problem Coins, I can't tell if anacs slab is a death sentence for value or does it increase liquidity and potential buyer confidence. With lower grade "beginner" & filler coins, using net grading from certification is a benchmark that helps gives ballpark for pricing. I am still relatively new at collecting and put entirely too much thought into relatively inexpensive coins but they are the pride of my collection, almost all found in "junk" bins.
     
    MIGuy and capthank like this.
  6. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    The first coin has been cleaned and damaged as well . Fine details ( graded).
    the second one G-4 , third also damaged ( holed coin) Good details ( grading) .
    * Not worth the money to grade any of these . I haven't checked the dates yet . OIP.jpg
     
  7. Crate Digga

    Crate Digga Active Member

    Anacs Grading is $12 per coin.

    All three of these coins are +$300 in G4.

    I think the 1805 quarter is closer to G6 but cleaned.

    1800 half dime Redbook is $1100 in G4, $1500 in VG8. Despite the hole, I think the details can bring as much as $450 based off of eBay completed auctions of similar coins.
     
    Last edited: Jan 2, 2021
    MIGuy and SensibleSal66 like this.
  8. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    $300 combined ? I say not worth getting graded. JMO . They will sell regardless . I don't mind a slightly cleaned coin the proper way and a key or semi-key date . where did you get your values from??
     
  9. micbraun

    micbraun coindiccted

    The only reason for having those coins certified is to authenticate them - potential buyers can then be sure they’re genuine. It’s also an advantage for the seller, as they can only then be listed with a grade on eBay (e.g. ANACS F details - cleaned).
     
  10. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    There are two ways to view this. You already know the coins will have a damaged label. And yes, there are refined collectors that scoff at a damaged label. However there are other like myself that wouldn’t touch them if they weren’t authenticated. I own several 18th century coins with a damaged label that I would not have touched raw. If your intent is to market them, I believe they need to be authenticated. Just way too many Chinese knock offs out there.
     
    buckeye73, ZoidMeister, NSP and 8 others like this.
  11. JCKTJK

    JCKTJK Well-Known Member

    ANACS is running a special atm until 1/9/21, 12 Coins for $119, $10 each additional coin, GSA Morgan's $5 each after meeting the 12 coin minimum, return shipping with Ins. is included, US Coins only with a value of less then $500 each.
     
    MIGuy likes this.
  12. GDJMSP

    GDJMSP Numismatist Moderator

    As others have already said - the one and only reason to get those coins slabbed is to authenticate them.

    But here's the thing - a great many collectors simply will not buy coins in certain slabs. And it doesn't matter which one of the 4 it is - ANACS, ICG, NGC, PCGS - there are those who will not buy coins, problem or clean grade, in those slabs. Now granted, there are more won't buy if in one or the other. And some will only buy if in 1 specific slab and none of the others.

    Now you have no way of knowing what buyer will do what, so if your intention is to sell, you kinda have to roll the dice and settle for what ya get. If you plan to keep the coins and not sell, then and only then would I let the cost of slabbing be the determining factor.
     
    buckeye73, Kentucky and Mountain Man like this.
  13. JPD3

    JPD3 Well-Known Member

    buckeye73 and Robert Ransom like this.
  14. Robert Ransom

    Robert Ransom Well-Known Member

    And then there's that! It is almost to the point where coins have to be culled because of the rise in counterfeits. What's next, an assay?
     
    JPD3 likes this.
  15. charley

    charley Well-Known Member

    oh well, i am giving an opinion.

    1 question, first:
    is the 1795 1c. a plain, reeded or lettered edge, or a jefferson head plain or lettered edge?

    i would get a genuine with details encapsulation, for the 1795 1c. (after further id), and for the 1859s quarter and 1861s quarter and 1800 1/2 dime and 1805 1/2 dime and 1808 1/2 dollar.

    i would not get the 1878s and 1935s dollars graded or encapsulated.
     
  16. KSorbo

    KSorbo Well-Known Member

    Are we sure that the 1805 quarter wouldn’t straight grade? It seems at least borderline. It definitely seems to be worth slabbing, as is the 1800 half dime. Those are both very scarce coins that a lot of people wouldn’t want to buy raw.
     
    buckeye73 likes this.
  17. Cynewulf

    Cynewulf New Member

    I'd be interested in your opinions as to whether Heritage Auctions could be counted on to recognize (or be concerned about) Chinese knockoffs when listing raw coins for auction - ?
     
  18. 1865King

    1865King Well-Known Member

    Here is a 1795 bust dollar from my collection that had a hole repaired. This is still a damaged coin but, in this case being slabbed makes it more sellable. Bottom line it really depends on what the coin is and how actively the coin series is collected. Can you tell where this coin was repaired? 1795 Dollar B14 OBV.jpg 1795 Dollar B14 REV.jpg
     
  19. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Had to be at the “E” and “R” in Liberty. That is spectacularly well done.
     
    fiddlehead and messydesk like this.
  20. johnmilton

    johnmilton Well-Known Member

    There is big difference between the beautifully repaired 1795 dollar, which has great color and nice detail and coins that started this thread. The 1795 was a decent holed coin. The coins in the OP are low grade and multiple problem pieces.

    It costs a lot of money to get first rate repair work. It’s only worth it you are starting with something is really worth it. I think that getting those coins repaired is not worth it.
     
    YoloBagels likes this.
  21. Beefer518

    Beefer518 Well-Known Member

    If one coin of the group comes back straight, that may justify the $119 at ANACS, and the rest will be authenticated. I'm in the same boat, I have a 'clunkers' few that I'd prefer to be slabbed, just for the authentication.

    I think right at the 'T' in Liberty. I see a circular border around the T. :pompous:
     
    MIGuy likes this.
Draft saved Draft deleted

Share This Page