Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Why you should get your coins graded
>
Reply to Thread
Message:
<p>[QUOTE="rodeoclown, post: 1523780, member: 34005"]Let's say I have 1000 coins in my collection and I get them all graded. Even if I got them all graded at $30 each, that's 30k total just to get them graded, not counting how much I paid for them. I'd say it would be several generations before my family made any money from them. Who knows if that $100 coin is only worth $110 in a hundred years but I spend $80 on it and spent $30 to get it graded, my family just broke even.</p><p><br /></p><p>I say the better plan is to educate your family in what you have and how to get the best money in case you die. Leaving instructions is also a good approach but grading coins, not so much in my opinion with the above scenario I pointed out. I don't think coins are good investment. If I were to invest 30k in grading coins that already have value without the slapped opinionated grade on it, well, I can just say I could turn 30k into a whole lot more money to leave my family instead of using it to grade coins in hopes it's a good return investment.</p><p><br /></p><p>To each their own though. I left a note with my collection as well for my family in case I die, it says, "I enjoyed collecting these, I hope you enjoy them too."[/QUOTE]</p><p><br /></p>
[QUOTE="rodeoclown, post: 1523780, member: 34005"]Let's say I have 1000 coins in my collection and I get them all graded. Even if I got them all graded at $30 each, that's 30k total just to get them graded, not counting how much I paid for them. I'd say it would be several generations before my family made any money from them. Who knows if that $100 coin is only worth $110 in a hundred years but I spend $80 on it and spent $30 to get it graded, my family just broke even. I say the better plan is to educate your family in what you have and how to get the best money in case you die. Leaving instructions is also a good approach but grading coins, not so much in my opinion with the above scenario I pointed out. I don't think coins are good investment. If I were to invest 30k in grading coins that already have value without the slapped opinionated grade on it, well, I can just say I could turn 30k into a whole lot more money to leave my family instead of using it to grade coins in hopes it's a good return investment. To each their own though. I left a note with my collection as well for my family in case I die, it says, "I enjoyed collecting these, I hope you enjoy them too."[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Why you should get your coins graded
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...