Seems like everyone says that if a coin is only worth...say $20, it's not worth getting graded. But I see many coins that have been graded worth $5, $10, etc. With that being said, can you justify sending a low-value coin in to be graded?
From what I understand those $5-$10 graded coins you see were more than likely a bulk submission hoping to get MS or PF 70's. Obviously all are not going to grade 70 so the rest get sold off. My numbers are probably off but for arguments sake if they send 50 coins in, they are probably hoping to get 10 back at 70 making a profit when selling those 10. And the rest you get to buy at 5-10 bucks.
A large part of them are also sent in for grading because the person who owned the coin thought it would grade higher than the TPG graded it. In other words, the owner screwed up and over-graded the coin so he thought it would be worth sending in for grading.
Is there ever been a time you have sent in a coin knowing it's worth less than the fees, but wanted it graded anyway?
I have a question to add.. Why is it that people submit non-key non-error worn down coins? Why would someone buy a xf20 washington quarter if it isn't anything special? O,o
There are probably a few cases where a free submission coupon is running out and the person just chunks in the last best coin they have to fill the order.
There are 2-3 world coins I want to send in the near future that are rainbow toned. Would be $16 each, but they are not worth the grading fee, but for some odd reason I'd like to see them graded.
Grandma's 1921 Morgan. It was given to me and it wasn't about the money at all. I just wanted to pass it around.
There are cases like mine, I'm sure. I got a platinum coupon because it was cheaper to pay the $199 membership fee than five Secure Plus fees. So, I threw in three coins that I figured are worth $50 a piece in added value from grading: a 1980 American Arts medallion, a 1979 Wide Rim SBA from a Littleton MS60 pack (just curious on if it will REALLY grade MS60... it looked MS62 to me, which is basically the same), and an 1899 micro-O that will either come back details graded or AU55. Edit: Does anyone know if any TPG will grade the Pearl Harbor survivors medal? The green box seems like it'd be bad for environmental damage reasons.
Well, it's a brass medal that was originally intended for service members (I think) who were stationed at Pearl Harbor and survived the 7 Dec 1941 Pearl Harbor bombing in 1990. In 1996, Congress allowed for civilians to apply for the medal, as well. If the survivor died after the attack, their next of kin would have been eligible to apply for the medal. From my understanding, there was a one-month window of application, so if you didn't know about it, it's too late to apply now. It came in a green velvet box, similar to the ones used for proof commemorative coins, but the medal itself didn't have a holder.
How large is the medal? NGC slabs a lot of different medals and if it will fit either in one of their regular holders or one of their oversized holders they may do it.
I did the same thing with a couple gold pieces my grandma left me. I want them slabbed because I wanted them authenticated and preserved and now I can show the family and they are protected.
