For modern commemoratives, why do they not list grades? What do the listed bid and ask prices mean if there are no corresponding grades? Do they mean that any raw commemorative coin of a given type accompanied with original mint packaging (presumably in decent condition) is worth those prices? Help a not so bright guy out, will ya? Thanks
The word "any" is way too strong. Perhaps "most" or even "the great majority" is a better fit. These coins act like commodities. They're pretty much all the same, so there is no need for grades like earlier coins. The key is this : if a specimen is spotted or otherwise nasty, it will be very hard to sell it since there are literally millions of nice ones; it will trade at a steep discount. Also: as you alluded, the packaging is part of the value. If the coin is missing the box or certificate, it's hindered.
Lol. That makes sense (I feel dumb for not figuring that out on my own). Thanks for taking a few moments to explain to me.
I believe the Greysheet also stipulates that the prices listed for modern commems are only for coins with complete original government packaging.
Right you are. The pricing is for average coins (99.9% of them will be MS-68 to MS-70) in the original government packaging, relatively undamaged. Dealers will discount buying prices (and sometimes selling prices) for coins or sets without the packaging.
Thanks for explaining, folks. One more question: what if you have all of the mint packaging and COA (in new condition), but the coin is in a slab (so the only thing that is missing is the capsule). Does that still qualify for the corresponding greysheet price?
I've seen examples listed this way on eBay, and it depends on the buyer. Some could care less about the Box & COA if it is in a slab, while others may want the OGP materials. It depends on who is bidding. Chris
