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Is there any real reason to get modern coins graded anymore?
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<p>[QUOTE="Kasia, post: 1642565, member: 31533"]I basically agree. Although you can sell raw coins to people, sometimes it is better to have the coin slabbed and graded, at least IMO. For example (using my own experience) I wanted to have an experience in slabbing, and I don't have the experience to buy coins that are probably valuable and then slab them. My grading skills are not really developed. I do, however, sometimes "win" coins, or buy coins raw, or find things in CRH. I found a 1999 WAM, as well as a number of clashed die dimes and a dropped letter quarter. Of those, it seemed to me to have the 1999 WAM, the dropped letter States quarter, the most extreme clashed modern dime I had (of 8 or so), an old french coin, and a couple of large cents (to see if they would grade the way they were sold to me by a well respected dealer). Of these, I made the mistake of asking the Grading Company to conserve the cent, so the grade dropped and I spent more (which they said they would fully reimburse me for, but they didn't fully do so) to deal with it. However, from what they did reimburse me for, it was still less than what the actual cost of grading/conserving would have had me out. </p><p>Anyways, back to the story....</p><p>Of those graded. I have since sold two of the coins. The French one for 90.00 --- I had been told by several dealers that it was going to be more like 35.00 value, but I found someone who appreciated it graded at it's grade and who bought it for the 90.00 I was wanting. The other was the dropped letter one. It came back as a MS66, which was not the valuable part to the buyer, but it ensured that it was gradable as well as a true error. I won't say exactly how much I got for it, but it was in the range of a couple of Benjamins, give or take some lesser amounts. </p><p><br /></p><p>Now, did I gain value from slabbing the moderns (3 coins, total)? I would say yes on two counts. </p><p><br /></p><p>Although it is possible that I could have sold the quarter as an error for the same amount, it's also possible that the buyer was actually impressed with the high grade it had, as it maintained it's clean appearance. <span style="color: #006400">But, more to my thinking, it preserved and maintained the coin in the highest grade possible, and it prevented the coin from being lost among other non-valuable coins I had so it would not get tossed back or spent.</span> Same with the dime and the WAM. In fact, I got all the nearly all the clashed dimes I got within a roll or two I searched. Which says to me that likely, someone had them, and for whatever reason, they either forgot to keep saving them, or someone took all the coins and just put them in as not worthwhile for more than face value. Now the dime may not be super valuable, but I don't mind keeping it. And if it turns out that years from now, people are more keen to collect those, it is possible to still make a profit from it.[/QUOTE]</p><p><br /></p>
[QUOTE="Kasia, post: 1642565, member: 31533"]I basically agree. Although you can sell raw coins to people, sometimes it is better to have the coin slabbed and graded, at least IMO. For example (using my own experience) I wanted to have an experience in slabbing, and I don't have the experience to buy coins that are probably valuable and then slab them. My grading skills are not really developed. I do, however, sometimes "win" coins, or buy coins raw, or find things in CRH. I found a 1999 WAM, as well as a number of clashed die dimes and a dropped letter quarter. Of those, it seemed to me to have the 1999 WAM, the dropped letter States quarter, the most extreme clashed modern dime I had (of 8 or so), an old french coin, and a couple of large cents (to see if they would grade the way they were sold to me by a well respected dealer). Of these, I made the mistake of asking the Grading Company to conserve the cent, so the grade dropped and I spent more (which they said they would fully reimburse me for, but they didn't fully do so) to deal with it. However, from what they did reimburse me for, it was still less than what the actual cost of grading/conserving would have had me out. Anyways, back to the story.... Of those graded. I have since sold two of the coins. The French one for 90.00 --- I had been told by several dealers that it was going to be more like 35.00 value, but I found someone who appreciated it graded at it's grade and who bought it for the 90.00 I was wanting. The other was the dropped letter one. It came back as a MS66, which was not the valuable part to the buyer, but it ensured that it was gradable as well as a true error. I won't say exactly how much I got for it, but it was in the range of a couple of Benjamins, give or take some lesser amounts. Now, did I gain value from slabbing the moderns (3 coins, total)? I would say yes on two counts. Although it is possible that I could have sold the quarter as an error for the same amount, it's also possible that the buyer was actually impressed with the high grade it had, as it maintained it's clean appearance. [COLOR=#006400]But, more to my thinking, it preserved and maintained the coin in the highest grade possible, and it prevented the coin from being lost among other non-valuable coins I had so it would not get tossed back or spent.[/COLOR] Same with the dime and the WAM. In fact, I got all the nearly all the clashed dimes I got within a roll or two I searched. Which says to me that likely, someone had them, and for whatever reason, they either forgot to keep saving them, or someone took all the coins and just put them in as not worthwhile for more than face value. Now the dime may not be super valuable, but I don't mind keeping it. And if it turns out that years from now, people are more keen to collect those, it is possible to still make a profit from it.[/QUOTE]
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Is there any real reason to get modern coins graded anymore?
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