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Is there any real reason to get modern coins graded anymore?
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<p>[QUOTE="therocktjb, post: 1642376, member: 43258"]So I was at the Coin Shop yesterday, took in some mini gold novelty coins that I had and didn't want anymore, along with a few other items that were just collecting dust so to speak. </p><p><br /></p><p>One of those items I had to get rid of was a 1979 S Type 1 PCGS PR-69 DCAM Quarter. I don't even know where I got the coin to be honest, and after looking it up on the PCGS site, valued at 19.95 when I looked it up, figured I could get about $10 for it. The gal proceeded to explain to me that they don't generally pay much if at all over Bid price in the Greysheet for graded coins. As our conversation went on, I started to realize something - It's quite literally pointless to "slab" modern coinage from the mint. While there are exceptions to this, for the most part most coins that are minted will get 69 - 70 grades! In my box of mint sets and proof sets, and everyone else's out there, we have the same coins just not graded. </p><p><br /></p><p>EBay seems to be the place where the grade makes the price skyrocket. I got a 2008 S Proof Bald Eagle Clad Half dollar at 15% over Bid price, at $16, NGC PR69 Ultra Cameo. (I quickly removed the coin from the plastic coffin it was in to put into a snap tite and then into my collection) On EBay the same coin is going for $35 all because of the grade it's been given. Ungraded range from $15-30 roughly, which isn't a bad price at all, but I'd be willing to bet that those coins if sent in for grading, would receive the exact same grade!</p><p><br /></p><p>Errors, Pre-1964 rare coins, varieties, older silver and gold coins - those I understand getting them graded and certified authentic. Isn't that the entire reason for the grading services in the first place? While I'm sure that this has been said in any one of the hundreds of grading threads on here, the wealth of knowledge on here has helped me with coming to this conclusion. "Buy the coin, not the slab" is one of the best sayings in the coin world![/QUOTE]</p><p><br /></p>
[QUOTE="therocktjb, post: 1642376, member: 43258"]So I was at the Coin Shop yesterday, took in some mini gold novelty coins that I had and didn't want anymore, along with a few other items that were just collecting dust so to speak. One of those items I had to get rid of was a 1979 S Type 1 PCGS PR-69 DCAM Quarter. I don't even know where I got the coin to be honest, and after looking it up on the PCGS site, valued at 19.95 when I looked it up, figured I could get about $10 for it. The gal proceeded to explain to me that they don't generally pay much if at all over Bid price in the Greysheet for graded coins. As our conversation went on, I started to realize something - It's quite literally pointless to "slab" modern coinage from the mint. While there are exceptions to this, for the most part most coins that are minted will get 69 - 70 grades! In my box of mint sets and proof sets, and everyone else's out there, we have the same coins just not graded. EBay seems to be the place where the grade makes the price skyrocket. I got a 2008 S Proof Bald Eagle Clad Half dollar at 15% over Bid price, at $16, NGC PR69 Ultra Cameo. (I quickly removed the coin from the plastic coffin it was in to put into a snap tite and then into my collection) On EBay the same coin is going for $35 all because of the grade it's been given. Ungraded range from $15-30 roughly, which isn't a bad price at all, but I'd be willing to bet that those coins if sent in for grading, would receive the exact same grade! Errors, Pre-1964 rare coins, varieties, older silver and gold coins - those I understand getting them graded and certified authentic. Isn't that the entire reason for the grading services in the first place? While I'm sure that this has been said in any one of the hundreds of grading threads on here, the wealth of knowledge on here has helped me with coming to this conclusion. "Buy the coin, not the slab" is one of the best sayings in the coin world![/QUOTE]
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Is there any real reason to get modern coins graded anymore?
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