To grade or not

Discussion in 'What's it Worth' started by Chaddy75, Jun 3, 2021.

  1. Chaddy75

    Chaddy75 New Member

    So long story short granddad have us a fair amount of coins.

    I found the following and not sure if I should get them graded do they grade complete packs?
    Should I break the pack of they have to be graded separately? Should I get them all minus the standard penny and nickle graded?

    Also find 2 1983 missing mint stamp I need to ask on as well. But will need to take pictures in a little bit.

    What's they value I know the grade depends allot on grading.
     

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  3. John Burgess

    John Burgess Well-Known Member

    Best Answer
    The 1968 Mint Set was 10 different coins struck at three different mint facilities. This was Lincoln Cents (P, D, S), Jefferson Nickels (D, S), Roosevelt Dimes (P, D), Washington Quarters (P, D), and one Kennedy Half Dollar (D). the half dollar included in the set was struck in a composition of 40% silver.

    The original selling price was $2.50 per set. they currently sell for $6-$12 now on ebay if it comes with the envelope and all is in nice condition for the higher sold prices. $6ish if it's just the coins in the cellophane.

    Now, i'm not going to sit here and look up individual coin prices after grading but to get each one graded, on the low side with ANACS on a "special" it's gonna cost you $100 or so and shipping to get them graded, if any other service, it's going to be more like $20-$30 per coin so more like $200-$300, PLUS shipping.


    Next you'd go look up the values of the coins, and be realistic on what they might grade as. You can look at the PCGS population report on the PCGS website for a gauge on what grade is most likely to come back for each coin, it's not likely to be the high grade or the low grade ones, but the grade that most of the submissions wind up as, with the highest population in that grade.

    Then look up the values for that grade. for someone that doesn't really know grading well this is the best way to gauge the possible outcome of submitting as an estimate of what returns, and whether or not the cost is worth the likely reward.

    that said, the set has about $4 in silver in it in the half dollar, hence the selling prices on ebay from $4-$6 as the norm for average sets.

    So whats the value? Likely not worth the costs to submit them. those sets have been in the world 53 years now, cherries have been picked a long time ago in my opinion.

    The grade doesn't depend on grading, grading is just an opinion. the grade is the grade. you pay the grading company for their opinion, not the grade they give it.
     
  4. Jeffjay

    Jeffjay Well-Known Member

    Really not worth the cost of grading for any of these coins. If they were mine I would just keep them as they are.
     
    OldSilverDollar and David Betts like this.
  5. Pickin and Grinin

    Pickin and Grinin Well-Known Member

    There really isn't anything in that set that would be worth the grading costs. With these moderns you need to have a top pop coin for it to be worth the effort. Keep the set and remeber your G POPS.
     
    OldSilverDollar likes this.
  6. Robert Ransom

    Robert Ransom Well-Known Member

    Ditto of both posts. Memories of the coins as he saw them.
     
  7. potty dollar 1878

    potty dollar 1878 Well-Known Member

    As of Value i don't know but definitely not worth certification and keep it the way it is its a nice set.
     
    Last edited: Jun 3, 2021
  8. Chaddy75

    Chaddy75 New Member

    These are -s proof missing mint mark? Confused on your response
     
  9. John Burgess

    John Burgess Well-Known Member

    Best Answer
    The 1968 Mint Set was 10 different coins struck at three different mint facilities. This was Lincoln Cents (P, D, S), Jefferson Nickels (D, S), Roosevelt Dimes (P, D), Washington Quarters (P, D), and one Kennedy Half Dollar (D). the half dollar included in the set was struck in a composition of 40% silver.

    The original selling price was $2.50 per set. they currently sell for $6-$12 now on ebay if it comes with the envelope and all is in nice condition for the higher sold prices. $6ish if it's just the coins in the cellophane.

    Now, i'm not going to sit here and look up individual coin prices after grading but to get each one graded, on the low side with ANACS on a "special" it's gonna cost you $100 or so and shipping to get them graded, if any other service, it's going to be more like $20-$30 per coin so more like $200-$300, PLUS shipping.


    Next you'd go look up the values of the coins, and be realistic on what they might grade as. You can look at the PCGS population report on the PCGS website for a gauge on what grade is most likely to come back for each coin, it's not likely to be the high grade or the low grade ones, but the grade that most of the submissions wind up as, with the highest population in that grade.

    Then look up the values for that grade. for someone that doesn't really know grading well this is the best way to gauge the possible outcome of submitting as an estimate of what returns, and whether or not the cost is worth the likely reward.

    that said, the set has about $4 in silver in it in the half dollar, hence the selling prices on ebay from $4-$6 as the norm for average sets.

    So whats the value? Likely not worth the costs to submit them. those sets have been in the world 53 years now, cherries have been picked a long time ago in my opinion.

    The grade doesn't depend on grading, grading is just an opinion. the grade is the grade. you pay the grading company for their opinion, not the grade they give it.
     
  10. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Welcome to the neighborhood, Chaddy!

    As others have said, it's not worth the cost of grading to make it worthwhile.
     
  11. Chaddy75

    Chaddy75 New Member


    Thanks, this is what I did and saw 13000 for the dime and 8k for the penny but was not 100% I know the dime is the grand daddy of dime errors from what I read.
     
  12. Inspector43

    Inspector43 Celebrating 75 Years Active Collecting Supporter

    The photos are very blurry. Were there two pennies in the one wrapper?
     
  13. Chaddy75

    Chaddy75 New Member

    Correct 2 pennies, 1 nickel, 1 dime, 1 quarter, the red pack in the same envelope from the mint has the silver half dollar.

    The images are blurry from the plastic around them.
     
    Inspector43 likes this.
  14. Chaddy75

    Chaddy75 New Member

    This is what this one and most others I have came in
     

    Attached Files:

  15. Chaddy75

    Chaddy75 New Member

    Also found 2 of these -s missing mint mark from 1971 also
     

    Attached Files:

  16. John Burgess

    John Burgess Well-Known Member

    Hi again Chaddy,

    Not exactly the 1968 dime is the PROOF Set dime, not the mint set dime,

    All of the proof set coins have an S mint mark, and a different finish (mirrored/ or highly polished looking), the rare one is the dime from that set that's missing the S.

    If it's the mint set, Philadelphia doesn't put a P on their coins, all of the 1968 dimes from Philly have no mint mark and this is normal and not an error.

    A 1968 P dime from a mint set is likely to come back in MS66 or MS65. and is $10-$15, possibly as high as $40 if it get a "FB" (full bands) designation on it.

    if it costs you $30 to submit, and another $20 for the shipping, it's a loss to submit it when you sell it unless you get at least $50 for it, and that's just to break even.

    the 1968 cents, regardless of mint, again, most likley to come back MS65 or MS66 and a high possibility of MS64 as an option to, in MS64 each is like $8-$10, and in MS66 each is like $8-$30 depending on the mint mark.

    Again if it costs you $30 for grading and $20 for shipping, what's the point when you'd need $50 just to break even after sending it in. I get it though, some folks want to take a loss to preserve a coin for sentimental reasons, and I'm fine with that if that's what you want to do.

    I didn't want to look everything up on my first response, it's some work, but feel like you are really new to this, and it's a learning opportunity and I should teach some. not bad I suppose, it didn't hurt as much as I thought it would. LOL

    The only reason that 1968 dime "no mintmark" is valued so highly is it has a proof finish, came in the proof set, and doesn't have the S mintmark that it should have on it, and very few (a dozen or less) were found like that.
    Every other dime without a mintmark that isn't a proof strike coin, is a normal Philly dime and not supposed to have a mintmark on it and no where near that kind of value.

    the blue striped mint set pack is from the Philidelphia mint, the Red stripe pack is from the Denver Mint, they stick the S mint coins whereever they like, LOL, but Philly doesn't put mintmarks on cents except in 2017.

    Philly mint didn't mintmark their coins except nickels between 1942-1945. They added a "P" mintmark to everything except the cent from 1980 onward.
    And they put a P on the 2017 cent that one year.

    A beginner would never know this information about Philly mintmarks, it comes with experience in collecting.

    Good luck and be blessed!
     
    Last edited: Jun 3, 2021
    Hiwatt likes this.
  17. Chaddy75

    Chaddy75 New Member

    Thank you for this information, can I ask why the other coins in the pack have the -s ? If those are indications or proof or just san fan?
     
  18. John Burgess

    John Burgess Well-Known Member

    Yes San Fran. those years San Fran was making coins for circulation also.
     
  19. Chaddy75

    Chaddy75 New Member

    Thank you, how about the 1981 penny missing mint mark?

    Is that the same? Last question for now until I look though the million other coins he had in sleeves and graded. Very cool. Guess it's all learning. I love the coins and have no intention on selling anything. Just like to know.

    Thanks again for you help
     

    Attached Files:

    Hiwatt likes this.
  20. johnmilton

    johnmilton Well-Known Member

    Coins in the flat packs that you have are Mint Set coins. The Proof sets came in government holders that looked like this.

    1968-S Proof Set O.jpg 1968-S Proof Set R.jpg

    This set with high grade coins and a perfectly preserved outside cardboard holder is only worth $6. You local dealer would have to pay less than that, because that is number most collectors would expect to pay.

    The only coins that are really valuable from these modern sets are odd ball pieces that are missing mint marks that were intended to be there.
     
  21. John Burgess

    John Burgess Well-Known Member

    yes, 1981 philly cents don't have mint marks this is normal and not an error. as listed in my last post, that's when Philly used mintmarks for coins and what coins since they began minting.
     
  22. Hiwatt

    Hiwatt Coffee break

    John, your replies were so informative I screengrabbed them for future reference.

    I have a similar situation to Chaddy75 in that my dad left me mint and proof sets ranging from 1956 to 2015 and I've been trying to tell if any individual coin is worth breaking out for grading. It's quite a challenge!
     
    John Burgess likes this.
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