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Is there any real reason to get modern coins graded anymore?
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<p>[QUOTE="therocktjb, post: 1642641, member: 43258"]Danr and Coinguy-Matthew:</p><p><br /></p><p>You guys are talking about the rarer of modern coins, and for those I can understand slabbing them. I do not disagree that you or any collector would want to slab those that stand out or are of a potentially high grade that are hard to come by. I even said in my op that there are exceptions to my opinion that most modern coins shouldn't and have no reason to be graded. </p><p><br /></p><p>I think for the most part my point didn't come across as I had meant it to. Slabbing modern proofs and mint issues in my opinion is what is pointless with the exception to rarities and errors. When nearly everything that comes from the mint is in such great condition, all people are paying for is a grade, which if they own a non-graded coin of the same type, they more often than not own the coin of the same grade. </p><p><br /></p><p>Just last night I was watching Coin Shoppe - for laughs as always, and they were trying to get people to pay out the wazoo for "MS-65RD" Lincoln Bi-Centennial cents, first day issue and opening ceremony coins. I can pull out my Mint Sets, send them in for grading, and would probably, if not certainly, get a higher grade on my coins. They may not be first day issue or opening ceremony, but just by comparison, the coins I have are equal if not better than those in the slab. That is they type of point I am making. Hopefully that makes sense.[/QUOTE]</p><p><br /></p>
[QUOTE="therocktjb, post: 1642641, member: 43258"]Danr and Coinguy-Matthew: You guys are talking about the rarer of modern coins, and for those I can understand slabbing them. I do not disagree that you or any collector would want to slab those that stand out or are of a potentially high grade that are hard to come by. I even said in my op that there are exceptions to my opinion that most modern coins shouldn't and have no reason to be graded. I think for the most part my point didn't come across as I had meant it to. Slabbing modern proofs and mint issues in my opinion is what is pointless with the exception to rarities and errors. When nearly everything that comes from the mint is in such great condition, all people are paying for is a grade, which if they own a non-graded coin of the same type, they more often than not own the coin of the same grade. Just last night I was watching Coin Shoppe - for laughs as always, and they were trying to get people to pay out the wazoo for "MS-65RD" Lincoln Bi-Centennial cents, first day issue and opening ceremony coins. I can pull out my Mint Sets, send them in for grading, and would probably, if not certainly, get a higher grade on my coins. They may not be first day issue or opening ceremony, but just by comparison, the coins I have are equal if not better than those in the slab. That is they type of point I am making. Hopefully that makes sense.[/QUOTE]
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Is there any real reason to get modern coins graded anymore?
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