Coin Submission Success Strategies

Discussion in 'Coin Chat' started by mrbrklyn, May 22, 2012.

  1. mrbrklyn

    mrbrklyn New Member

    http://www.coinweek.com/news/coin-grading/coin-submission-success-strategies/

    By Charles Morgan with Hubert Walker

    If you’re anything like me, then you occasionally submit coins to one of the major Third Party Grading companies to preserve them, attribute them, or to add to your collection of certified coins.

    I look at a lot of raw material in the hopes that my grading eye is good enough to cherry nice coins from dealers’ inventories. Most dealers don’t have the time or the expertise to accurately appraise all of their holdings, which means that an eagle-eyed collector always has a shot to buy something significantly undervalued.

    This, more than anything, is why I like to collect moderns. With classic coins you have a mature market, and really nice pieces can be very, very expensive. If a dealer acquires an exceptional 1935-S Peace dollar, you can be sure that this coin won’t be brought to market until it’s been sent in for certification. This coin nearly doubles in value for every notch up the MS grading scale it climbs, leaving precious little, if any, wiggle room for a buyer to come out ahead.
     
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