Grading coins

Discussion in 'Coin Chat' started by Katana, Jun 6, 2018.

  1. Katana

    Katana New Member

    Is it worth having a average coin graded or a waste of time
     

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  3. CoinBlazer

    CoinBlazer Numismatic Enthusiast

    Don't grade
     
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  4. CoinBlazer

    CoinBlazer Numismatic Enthusiast

    One guy told me a coin is only worth grading if he has to put it on his property insurance
     
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  5. Katana

    Katana New Member

    Well ok then lol
     
  6. C-B-D

    C-B-D Well-Known Member

    I mean, let's say you want to collect a circulated type of every U.S. Type coin. Then, yeah, sure, get it certified. But you may be able to find what you want already certified, and spend less money that way.
     
  7. Katana

    Katana New Member

    Ty makes alot of sense im very new to collecting so bear with me on these crazy questions i just wasnt sure if i shld grade it just cuz i have it lol i deff dont want to invest in circulated coins much rather buy them already certified or at least mint state
     
  8. Katana

    Katana New Member

    Ty everyone i believe i got my answer rather quickly its seems a waste of money to go grading circulated coins think this question i shld have known but i kno very very little bout collecting got ti start somewhere
     
  9. C-B-D

    C-B-D Well-Known Member

    Not necessarily. If you had a 1916 circulated Standing Liberty Quarter like the above coin, then even in poor condition it would be worth over $1000, so yeah, certify it. Similarly, if you had a 1921 in the same condition as yours above, it would be worth getting certified... as it would be worth around $300. Those are key dates, however, since not many of those particular years were made. Go to Barnes and Noble and buy a Redbook of United States Coins, learn the "key dates" and start collecting. Have fun!
     
    Last edited: Jun 6, 2018
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  10. Katana

    Katana New Member

    Thanks very good to kno
     
  11. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Oh by all means.... I ditto what @C-B-D says.... Get a Redbook. You can get a previous year Redbook for pocket change at an overstock store. I used my 1977 Redbook until last year. And please, for the sake of us oldtimers that get entirely confused with 21st century text lingo. Use the Kings English when asking questions.
     
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  12. Oldhoopster

    Oldhoopster Member of the ANA since 1982

    I strongly agree with @C-B-D buy a copy of "A Guidebook of United States Coins" (the Redbook). It will give you a tremendous amount of information on which dates are rare and some basics on grading.

    It's not a waste of time to get coin graded, it's a huge waste of money. You would only get silver melt value for your coin from a dealer and maybe a little more if you found a private collector who wanted to buy it. So let's say your coin is worth $5. Sending it to a TPG to be graded is going to cost you at least $30-$50. When you get it back, it will still be a $5 coin. That's why understanding which coins are valuable (which includes both date and condition) is extremely important when deciding if you should send it to a TPG

    Hope this helps (and buy a redbook, it will be the best $12-$15 you ever spent on the hobby)
     
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  13. Katana

    Katana New Member

    lol got me laughing 2lst century text
    Needed a little laughter this morn 21st century text ok i will and i only was using some basic texts FYI (ty=thank you, shld=should, def=definitely :D :D :D also, i did purchase a red book 2018 version i got it on my Kindle i just haven't read it yet i like that u know were get good deals at overstock store i will look into this on my next book purchase
     
    Last edited: Jun 6, 2018
  14. Katana

    Katana New Member

    very helpful information, got it best to read n learn about rare dates/coins to be graded for what would be worth the money thanks so much
     
  15. USCoinCollector42

    USCoinCollector42 Well-Known Member

    Only send a coin for grading if the grade adds more value to the coin than the cost of grading. For example, if PCGS charges $32 for grading, then ask yourself: "Is there a chance for the coin to grade high enough to sell for at least $32 more than it would sell for ungraded"?

    If the answer to that question is yes, then, and only then, should grading be considered.

    Hope this helps. Keep in mind this is all my opinion and it mostly concerns the financial aspects of coin grading.
     
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