When should I gamble on getting a modern penny graded?
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Here's a link to how to post a topic with images in our community https://coinauctionshelp.com/welcome-to ... community/
___________________________________________________________________________________________________________
You also agree to follow these guidelines. You must agree to these rules to be a member of this forum. NO SPAM! Spam is deleted within minutes, no spam will ever be left in our community.
1. Post a front and back image of your coin with a specific question about what you’re seeing or asking about and one coin per topic.
2. Please remove coin from the holder unless it’s US or an official mint case or unless it is graded by a grading service.
3. Images should be taken by a camera or cell phone camera, we ask that members don’t use images through a microscope screen.
4. Always start your own topic, please don’t ask about your coin or post your coin in someone else’s coin topic.
5. Do not send private messages about your coin unless an Admin ask you too and the same for sending emails through the board.
6. No spam. Do not post any links to your coin or other non-coin websites.
7. Always be respectful even if something makes you upset or you don’t agree with a member. You can always get a second opinion elsewhere. If you have an issue then politely ask an admin in an PM. PM’s are for issues, technical and personal, but not for coin questions (refer to number 5 on this list). Our community is not a soap box for complaining or drama, so please refrain from doing so here.[/size]
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- Coinasieur
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When should I gamble on getting a modern penny graded?
I have this penny I found coin roll hunting that looks very nice. If it grades ms 66 67 it will be worth the cost. However should I gamble just to see what it grades or is that a waste of money and effort?
- Paul
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- Coinasieur
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Re: When should I gamble on getting a modern penny graded?
Alot of people are thinking this is a proof I cant tell.
- SensibleSal66
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Re: When should I gamble on getting a modern penny graded?
Not Proof . Here's one from my collection . Mines "raw" and not worth the gamble in my opinion .
Member of CONECA
" All replies are my opinion based on experience"
Casual Collector 40+ years , 10 years Error coins ( still learning).
" All replies are my opinion based on experience"
Casual Collector 40+ years , 10 years Error coins ( still learning).
- Funky Strike
- Coinasieur
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Re: When should I gamble on getting a modern penny graded?
I case you didn't click on the Paul's link - this is what one just sold for on eBay:
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- Coinasieur
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Re: When should I gamble on getting a modern penny graded?
I did and that's a proof 67...are u saying this is a proof or is this a buisness strike and if it's a proof how can u tell?
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- Coinasieur
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Re: When should I gamble on getting a modern penny graded?
This would be the gamble.
I would have to get a 67. I know daniel has said it's almost impossible to get a 67 but man its tempting.
I would have to get a 67. I know daniel has said it's almost impossible to get a 67 but man its tempting.
- Earle42
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Re: When should I gamble on getting a modern penny graded?
It is a gamble period. Your pics make it very hard to say if it is an impaired proof or not, and if it is, its definitely not worth the gamble since you would be slabbing something worth maybe less than a dollar and paying big bucks to get it done.
I hope you also saw his video where he tells that someone who lives, eats, breathes, and lives coins cannot tell what the companies grade companies will assign to a coin.
I have no doubt the companies like it this way b/c it is profitable for them to do so. They will not say why they assign a specific grade and companies are not using any science or verifiable process to assign a grade. Know that a coin broken out and re-slabbed even by the same company is never guaranteed the same grade again b/c there is no real testable standard the grade is assigned by.
The higher the grade assigned, the more buyers pay. The more buyers pay, the more people take the gamble on "striking it rich."
Play the game, but be willing to not be surprised if you lose a bundle. Don't forget to figure in the cost of PCGS membership, grading fees, and then also selling fees if you would plan to put it online to sell. That will help you in your decision.
Many times in the last 10 years of being part of online coin forums I have read where people who play the slab game have said that anything found in circulation will likely not obtain a grade higher than MS63.
I hope you also saw his video where he tells that someone who lives, eats, breathes, and lives coins cannot tell what the companies grade companies will assign to a coin.
I have no doubt the companies like it this way b/c it is profitable for them to do so. They will not say why they assign a specific grade and companies are not using any science or verifiable process to assign a grade. Know that a coin broken out and re-slabbed even by the same company is never guaranteed the same grade again b/c there is no real testable standard the grade is assigned by.
The higher the grade assigned, the more buyers pay. The more buyers pay, the more people take the gamble on "striking it rich."
Play the game, but be willing to not be surprised if you lose a bundle. Don't forget to figure in the cost of PCGS membership, grading fees, and then also selling fees if you would plan to put it online to sell. That will help you in your decision.
Many times in the last 10 years of being part of online coin forums I have read where people who play the slab game have said that anything found in circulation will likely not obtain a grade higher than MS63.
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):
https://tinyurl.com/y7rksxu8
How much squash would a sasquatch squash if a sasquatch would squash squash?
https://tinyurl.com/y7rksxu8
How much squash would a sasquatch squash if a sasquatch would squash squash?
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