I need your 2 cents about this 2 cents

Discussion in 'What's it Worth' started by $char$, Mar 13, 2025.

  1. $char$

    $char$ Member

    Hi there! I’m just wondering if this 2 cent is worth getting graded? Coins usually can sell for more when they are graded or no?
    How much is the average cost of getting a coin graded and is my two cent worth it?
     

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  3. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

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  4. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    Here's how to grade by picture....
    I estimate a F12 at best. ;)
     
  5. lordmarcovan

    lordmarcovan 48-year collector Moderator

    Average cost of certification by a respectable TPG (third-party grading service)? Figure a minimum of fifty bucks++, after all the fees and return shipping and stuff.

    I think Sal's grade estimation is way too low. I put the coin at XF40 details (maybe 45 on a good day). I think the color might be suspect (looks like it might possibly have had an old cleaning there), so you might not even get a straight grade on it (it might go XF details/cleaned). Which would trade at a discount.

    So I do concur with Sal's assessment that it is not worth the cost of certification.

    Even if it did straight grade- let's say at XF40, for the sake of argument- it's worth $58 in that grade, per Numismedia.

    So as I see it, in your best case scenario, you'd be looking at spending $50-ish to certify a coin worth $58, tops.

    So right there you can see that it doesn't make any sense, financially.

    So that's the bad news. The good news is, it's a perfectly decent coin for an album or something. Just not a great slab candidate, is all.

    Enjoy it as-is. Don't waste money submitting it.
     
    Last edited: Mar 13, 2025
  6. Bill in Burl

    Bill in Burl Collector

    I'd say XF as well, and it looks like it was not only cleaned, but then maybe some "Deller's Darkener" put on it to take the cleaning shine off the copper.
     
  7. KBBPLL

    KBBPLL Well-Known Member

    On the cost of grading, it can be done cheaper than stated. If you have 5 coins to grade, $16 each at ANACS plus $36 return shipping so $23.20 per coin plus your cost to ship to them. Submitting at a coin show will save you $1/coin and your shipping cost - show special is usually 10 coins for $140 (but you'd need 10 coins instead of 5).

    I'm not saying to do this, just that it can be cheaper than the $50/coin stated.
     
  8. Collecting Nut

    Collecting Nut Borderline Hoarder

    I don’t feel your two cents coin is worth the time, cost or effort to have it graded. Trying to do so may give you a headache. It’s nice looking but it will probably come back with a genuine but details grade. Best to leave as is in my opinion and that’s my two cents worth. :)
     
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  9. kountryken

    kountryken Well-Known Member

    I agree with everyone else (I have to, they're the people that know. Not a cut, I mean with the utmost respect), the coin will not gain enough value to offset the cost of grading.
    Now, this is where I differ. I think you would be happier to box it up and send to me! Well, maybe I would be the happier one, lol. Seriously, to me it's a very nice coin. I hope you enjoy having it in your collection. I'm sure you already know this, but the 2 cent coin is the first U.S. coin to contain the words "IN GOD WE TRUST". I'm considering putting together a set of them, just to have.
     
  10. lordmarcovan

    lordmarcovan 48-year collector Moderator

    True, ANACS would be cheaper. But I still don’t think submission would be cost-effective in this particular case.
     
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  11. johnmilton

    johnmilton Well-Known Member

    It has EF-AU sharpness, but it has been cleaned, and surfaces appear to be pitted. Enjoy it as it is. Spending grading service money on it does not make economic sense. I’ll post a couple of pictures of nice Two Cent Pieces tomorrow.
     
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