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<p>[QUOTE=&quot;19Lyds, post: 2362843, member: 15929&quot;]As a &quot;general rule&quot; coins pulled from circulation should never be sent in for grading with the intent of turning a profit........UNLESS</p><p><br /></p><p>1. The Collector wants it for his/her collection and simply cannot live with out it.</p><p>OR</p><p>2. The coin is a popular and easily sold variety that DOES NOT require the Variety Attribution Fee</p><p>OR</p><p>3. The coin is of extremely high grade</p><p><br /></p><p>Number 3 is where a lot of collectors end up wasting their resources since what may &quot;appear&quot; to be extremely high grade must absolutely be compared against hundreds of coins which are the exact same denomination and design.</p><p><br /></p><p>The highest grade I ever received for a coin pulled from circulation was a 2003-D Missouri State Quarter at MS67. At the time, State Quarters were very popular and the PCGS Price Guide reflected a value of $45. Today, that value sits at $8. $22 if its a 67+. Neither price is reflective of what it would actually sell for today.</p><p>BUT, I found it, was proud of it, had it graded and it made me smile.</p><p><br /></p><p>I would never do that today since I&#039;ve learned to be w-a-a-a-y more selective with my submissions and coins that I want to preserve, preserve quite well in a .02 cent 2x2.</p><p><br /></p><p>So, I missed on items 1 and 2, thought I had item 3 but 12 years later find out I missed on that one as well despite the advise from better collectors than me.</p><p><br /></p><p>Newbies. Pay attention since getting coins graded can be exciting and very rewarding &quot;if you KNOW what you are doing.&quot; Otherwise, it eventually becomes the elephant in the room where you have to decide what to do with it when you hit that Coin Collecting Lull and/or need to raise some money.</p><p><br /></p><p>No hard feelings intended but very few people actually &quot;hit the ground running&quot; in the coin grading arena and the general thrust today seems to be that if your coin isn&#039;t professionally graded then it might as well be pocket change.[/QUOTE]</p><p><br /></p>

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