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<p>[QUOTE=&quot;Prime Mover, post: 1536685, member: 38783&quot;]Here&#039;s my take on this, as a beginner as well.</p><p><br /></p><p>It depends on your definition of &quot;in it for the money&quot;.&nbsp; Are you looking purely to flip coins and make profit now, and not build a collection?&nbsp; If so, then do not send to grading until you are very proficient in being able to grade it accurately yourself, otherwise as others have said, you will lose money.&nbsp; Grading is not cheap, and is obviously a very big overhead on the price of each coin you must make back when selling.</p><p><br /></p><p>If you&#039;re in this for a similar reason to mine, then you are looking at this as a fun hobby,&nbsp; but you want to add coins into it that will have decent monetary value that will at least maintain, if not appreciate, in value over the long term.&nbsp; This allows you to divest your collection if you are hard up for cash, or pass it on to future generations while giving them something of decent monetary value also.</p><p><br /></p><p>I have spent the last 6 months going through my collection, learning about coins, types, errors, etc.&nbsp; I have been lurking and posting here, and have been helped a lot with a ton of great information so far.&nbsp; I am starting to understand key dates, errors, varieties, etc, and have recently started going after things that I find both collectible, as well as having a decent monetary value.&nbsp; For instance, I&#039;ve been purchasing a lot of proof/mint sets of modern coins from the &#039;50s on up, including silver proof sets.&nbsp; I&#039;ve been keying on &#039;56 proofs for the Type 1 Franklins, &#039;60 &amp; &#039;70 proofs/mints for the small date penny, and 70&#039;s and early 80&#039;s for the SBA varieties and Ike&#039;s.&nbsp; I&#039;ve made a lot of what I think are good purchases so far - I did get some Type 1 Franklins, a bunch of small date lincolns, and also got a lot of other good coins with them as well.&nbsp; I&#039;ve landed a bunch of 90% silver coinage along with the sets, which is adding bullion silver to my collection if nothing else.</p><p><br /></p><p>My winter project is to go through my collection in detail, and learn more about grading and recognizing varieties and errors.&nbsp; At that point, I will begin submitting what I think are my best coins for grading.&nbsp; In doing that, I am hoping to be able to get the best coins, which could potentially hold the most monetary value, &quot;confirmed&quot; by a TPG.&nbsp; That way I know I at least have some coins that are for sure worth better money.&nbsp; The rest I will keep in the collection.&nbsp; They will still hold some value, and if I come into a ton of extra cash, I&#039;ll probably grade as much as I can, simply because I&#039;m one who likes slabs, and like things being graded.</p><p><br /></p><p>I hope this helps answer your question.[/QUOTE]</p><p><br /></p>

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