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Grading/slabbing: Where is the value point?
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<p>[QUOTE="GDJMSP, post: 1580158, member: 112"]Simple answer, if the coin is not worth $150-$200 then don't bother spending the money to get it slabbed.</p><p><br /></p><p>Of course that presents you with other questions, like how do you tell what the coin is worth ? Well, you sampled a bit of that already. One guy says XF40, another says AU50 - so which is it ? The answer to that is you don't know.</p><p><br /></p><p>Then, assuming you decide on a grade, you have to look up what that coin in that grade sells for. So where do you look to find that information ? In XF40 Numismedia says it's worth approx $300, PCGS says it's worth $650. Pretty big difference, which one do you believe ? It's kind of the same problem you have deciding which of those guys grading the coin to believe isn't it ?</p><p><br /></p><p>And there are no recent sales of that coin in XF40 in the Heritage archives. The most recent was almost 4 years ago and that was for a coin in a 45 slab that sold for $460. And if you search the records for sales in the AU range, the price roughly triples for a 53 or 55.</p><p><br /></p><p>But if the coin were to end up being graded VF, then the price drops to under $300, for a problem free example. It could range from $150- $350, depending on which source you use. And if the TPG determines it is not problem free, and looking at the coin that is possible in my opinion - then all of that goes out the window and prices drop substantially. </p><p><br /></p><p>I guess what I'm trying to say is you have a lot of questions but no real answers. And even if you send the coin in to PCGS, and get it graded, you still won't know what it'll sell for until you actually sell it. But you kind of have a rough idea of a range now.</p><p><br /></p><p>Of course none of this has anything to do with the 50 Morgan & Peace dollars you mentioned. But the process is the same to find out.[/QUOTE]</p><p><br /></p>
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