Gents, Trying to understand when is it appropriate to keep as a Proof and when to send in to get graded? 2007-W $50 American Buffalo American Eagle 10th Anniversary Platinum Coin Set x 2 One ounce and one half ounce 2 Coin Proof Gold American Eagle 1987 American Eagle 20th Anniversary Gold Coin Set (3 Coin) First Spouse Series Gold Proof Coin Set - 2007 4 Coin (Can't find a 4 coin set anywhere for some reason) Cheers, Chris
I usually justify grading by the fair market value of other graded examples of the same product. Here's an equation that I usually apply: (PRODUCT COST) + (GRADING COST) + (SHIPPING COST) = COST [GRADED SELL AVERAGE] - [COST] = VALUE If my value is negative I won't grade the coin. I use internet sales average to determine GRADED SELL-- not price guides. You have to use estimation in most cases because you won't always know the exact condition your coin will return as. Of course, some will argue that speculative long-term value is a justification for grading (such as special labels), and slabbing can be a good way to preserve the condition of the coin.. It's your money.
Unless you know what you are looking at and can consistently identify the PF/MS70 coins, then it is best to leave them alone IMO and sell them as is (if selling) or enjoy them as is.
@EasyE418 Chris, it seems apparent that you really need to learn how to grade these gold coins. I don't collect any gold, particularly modern gold, and it may be a good idea to find a book that provides an in-depth tutorial on grading modern gold. If you can't find a book, then your best bet would be to go to a lot of shows and study graded examples of each of the series you mentioned. Chris (too!)
Thanks for the feedback. Chris, only if I had an infinite supply of our most valuable resource.... These will just about wrap up the remaining gold pieces I have in my collection. Unforunately, I have a LOT of silver left.
