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<p>[QUOTE="Bill in Burl, post: 875272, member: 23692"]All coins do not need to be certified, as it costs a good little piece of change to get it done, especially in lots of less than 100. There are many people who unwittingly spend more on the certification itself than the coin will ever be worth. Take your coin to a large coin show in the area and show it to a couple dealers .... Jeff Zarit from Dallas is one possible that I would recommend in your area. Certification is not for everyone. Unless the price for the worst grade you think that you will receive is 10X the price that they can be bought for at auction or wholesale (not book-price retail), it's not worth the $$, trouble and effort to get it graded. The same 10X rule should apply to how much you have into it vs what you can actually sell it for. If you luck into a deal and buy a $100 book-value coin for $20 at an ill-attended auction or store, here is a scenario. You mail the coin to a TPG for $15 for a single coin (many are higher), paying postage and any taxes/fees ($5). You get it back wrapped in its plastic coat and shop it around to dealers, and your top offer for it is $35 (most dealers or educated buyers will pay about 30-50% of published retail (book) price, unless they are scarce and it might go to 60%. You have $40 tied up in a coin worth only $35 that you'll have to wait at least 10 years just to break even. Keep your $20 coin and learn how to grade yourself. Spend your next $100 on the start of a reference library so that you can become the expert. Reference books with benefit you more financially and numismatically in the long run than any Certified coin or Grading company will ever be. A certified coin is worth no more than a raw one to a dealer or educated buyer, unless your collecting area is extremely high-end stuff or you are selling coins that are not in-hand for the buyer to see.[/QUOTE]</p><p><br /></p>
[QUOTE="Bill in Burl, post: 875272, member: 23692"]All coins do not need to be certified, as it costs a good little piece of change to get it done, especially in lots of less than 100. There are many people who unwittingly spend more on the certification itself than the coin will ever be worth. Take your coin to a large coin show in the area and show it to a couple dealers .... Jeff Zarit from Dallas is one possible that I would recommend in your area. Certification is not for everyone. Unless the price for the worst grade you think that you will receive is 10X the price that they can be bought for at auction or wholesale (not book-price retail), it's not worth the $$, trouble and effort to get it graded. The same 10X rule should apply to how much you have into it vs what you can actually sell it for. If you luck into a deal and buy a $100 book-value coin for $20 at an ill-attended auction or store, here is a scenario. You mail the coin to a TPG for $15 for a single coin (many are higher), paying postage and any taxes/fees ($5). You get it back wrapped in its plastic coat and shop it around to dealers, and your top offer for it is $35 (most dealers or educated buyers will pay about 30-50% of published retail (book) price, unless they are scarce and it might go to 60%. You have $40 tied up in a coin worth only $35 that you'll have to wait at least 10 years just to break even. Keep your $20 coin and learn how to grade yourself. Spend your next $100 on the start of a reference library so that you can become the expert. Reference books with benefit you more financially and numismatically in the long run than any Certified coin or Grading company will ever be. A certified coin is worth no more than a raw one to a dealer or educated buyer, unless your collecting area is extremely high-end stuff or you are selling coins that are not in-hand for the buyer to see.[/QUOTE]
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