Hi everyone. I'm a very novice coin "person" I'm not a collector just pay attention to them every now and again. I recently found these 1982 Pennies that look to be in really great shape. I was just curious if you think they are worth grading? I'm sorry if this is a silly question Thanks!
If the value of the coin would warrant the grading fee, yes. Your coins will never be worth enough to warrant the grading fee.
While there's a good possibility someone else will come along and simply tell you no, I'd like to know what makes you think "grading" (submitting) even worthy of consideration. I realize you say they're nice, but there are so many other much more important factors involved in deciding to submit a coin. Submissions are costly, particularly for common coins, so in order for it to be worthwhile, doing so must offer a return of equal or greater value than the expense. Just to be clear, "value" doesn't necessarily mean money, and can come in the forum of increased liquidity, independent authentication, etc. This considered, do you see any potential upside of submitting any/either of the coins? Will doing so increase the price someone will pay for them even if not a top pop? Will someone be willing to pay at least or more than you paid to submit them simply for the added liquidity or authentication?
Welcome to CoinTalk. What everyone is alluding to here is the fact that "grading" a coin, as most people mean it, refers to sending the coin to a grading service and having it encapsulated in plastic with a professional opinion printed on or in the plastic. Now this is not free, and as @lordmarcovan mentions, the fee for four coins would be at least $100. Now, why do this? In most cases, coins of considerable value can actually gain value upon validation and protection. These coins, while quite attractive, are so common, they have little value, and nothing would be gained by certification. That being said, you might want to keep them free from harm so that in future years they might gain value. Lots of products are out there to keep your coins in, all the way from Rubbermaid tubs to snap-together coin slabs. I would just keep these in a sealed container and add to them as I found nice representative samples of the coins.
Yes, by "grading", I did assume @nkim8888 was referring to sending them off to a professional third-party grading service (TPG). Thank you for clarifying that, @Kentucky. If, on the other hand, our commenter was merely requesting for US to help assign grades to the coins, then sure - we can do that - though in any event it's a fairly moot point since they're essentially just pocket change. (Nice looking for 35-year-old cents, to be sure - just not really worth anything extra.) @nkim8888 - sorry if I misunderstood your question. Welcome.
Perhaps I was wrong as well, but when someone asks if a coin or coins "are worth grading" because they're in such "nice shape", it's difficult to interpret the question as meaning anything other than a TPG submission.
Thank you all for your messages. Yes, I should have been a little more clear. I'm sorry. I have received great information and my question has been answered. Thanks again!
Only grade when its beneficial to do so, grading fees and other expenses brings you chance to make money way down if its nothing special would say no !
