1945 P is it worth grading for resale

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1945 P is it worth grading for resale

#1 Unread post by illwil »

Not sure if it’s correct forum, just found this nickel and it’s the best one I have. Looking to slab it PCGS for a resale, need your help to figure out if it’s worth it at all, or should I just 2x2 it and store it in my collection.
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Re: 1945 P is it worth grading for resale

#2 Unread post by Paul »

What "Grade" do you believe this coin would return as?
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Re: 1945 P is it worth grading for resale

#3 Unread post by Earle42 »

Looking to slab it PCGS for a resale...
Glad you came here to ask, b/c this will save you some money. A lot of people lose a lot of money thinking they can slab a coin and sell to make a profit. Like anything else in life, there is a lot more to it than this. You need to have an idea of the grade you think it will get, and an idea of value in that grade. Then you need to find out what grading costs are as well as membership fees etc. so you can determine if selling it will cost more than the profits.

Grading depends on the amount of original detail left. An online photograde will help with this. SOLD auctions of the same coin in the same approximate grade on eBay will give you an idea of value. THEN you have to check how much the companies will charge (membership fees if applicable).

And you may as well have the factual reality of these companies also...

Here is some info concerning the nature of the grading companies to help people make better educated decisions.
Thinking of Slabbing? Make sure you understand the Facts...or You Could Lose Money.
1. The grading companies are not a way that the majority of people, even those with a great deal of experience who know what they are doing, are going to be able to use in order to make huge personal profits. Many people start using grading companies thinking they will find a way to finance their hobby, but they learn a hard lesson quickly.

2. Watch some of Daniel's videos where he gets pieces back form the grading companies. Note even people who live, eat, breath, and deal coins for a living (like Daniel) can accurately predict what grade the companies will give. And...the "fault" (not really a fault) is in a widespread mistaken perception people get from being exposed to all the slabs being sold nowadays.

Coin grading companies are a business out to make a profit - this is why they exist. They use a system where (allegedly) three graders look at each coin and give an opinion. The company videos showing the process make you believe this is a relaxed paced process of studying each coin. In fact one PCGS video shows a number of guys sitting around a table discussing what they think a specific coin should be graded as (on youtube somewhere - sorry no link). Uh uh.

If you take a PCGS graded coin slabbed as MS64, break it out, and resubmit it to PCGS, you are never guaranteed the same grade again. The slabbed coin might come back MS62 (bad day for graders), 63, 64, 65, 66 (great day for you!). This is b/c the process is all subjective: No scientific/verifiable standards or methods are used. Personally having talked with former graders (granted - its been awhile), the process is very rushed since they told me graders are paid by how many coins they can get through in a day.

But..this is all hearsay without proof. So...
Grading the Coin Graders

Here is another good read from someone there at the start of the grading companies:
Hobby negative impacts from slabbing companies

Also link to and read (download if you want it) the pdf link in my signature. The verifiable data presented shows trusting people have spent thousands of dollars on many slabbed coins that are not what the companies claims/slabbed the coins to be.

You don't have to throw in the towel over these companies...but education about the reality of them will put you on the right pathway to dealing with them in a legit way without losing money in the process.

And…if you just like to collect slabbed coins for what they are, which makes losing/making money from slabs irrelevant, then of course enjoy them!"
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):
https://tinyurl.com/y7rksxu8

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Re: 1945 P is it worth grading for resale

#4 Unread post by illwil »

Paul im new to this, Im only a year in to this hobby full time, before I had here and there pick up one coin put it away and that’s all. Today I’m all in and want to learn as much as I can about grading, process,values, variety etc. to answer your question Paul my wishful thinking would give a solid 63 (and in the red book it’s only $3, at the auction it could be a lot different ) not sure if the scratch in letter “E” in cents is not a cause to void entire coin. I don’t know the process about scratches and how you determine if the coin was cleaned or not, enviro damage etc. and Earl hit it on the nail,put it in such perspective where I feel helpless in this big coin grading world. I sent two $5 Indians to PCGS (separate times) and they both looked the same to me, one came back 55 and another was 40 while on the photo grade they both looked borderline 61 and my friend has same Indian and it’s 63, total confusion. Like Earl said “subjective” , it is within the eye of the beholder. One day grader has a good mood and the grader next to him has a bad moral and there you go a lower grade, I might be wrong since I don’t have much knowledge, but I do know people/person factor can be very destructive. Another thing is auctions - to me they look very unpredictable same coin can be sold with great margins how do you predict that? I do have a decent collection and all are PCGS since I signed up for membership a while ago and sent all my lovely coins there, nowadays I want to see the sales side of it, not sure how to do it, and if it’s worth it.

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Re: 1945 P is it worth grading for resale

#5 Unread post by Paul »

I appreciate where you're at.....
I've been doing this for over 50 years, and I don't even mess with the buying, grading, and flipping of coins.
The big guys that you see doing this, submit "Pallets Of Coins" all of the time...... they have brokered deals with everyone....

If you take a look at the "Completed Auction Sales" from several different venues, you will get a good idea of what your coin should bring.
Remember to take into account ALL the fees that will be included in the transaction.

For your coin here, I don't believe that I would have it encapsulated.......JMO
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Re: 1945 P is it worth grading for resale

#6 Unread post by Daniel »

Do you really think that both your coin and the MS63 on the right are the same grade? Can you see the darker and more flat areas of wear on your coin, left? Your coin has missing metal, that's what those darker patterns are caused by missing metal from being rubbed during transactions.
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Re: 1945 P is it worth grading for resale

#7 Unread post by Earle42 »

I totally agree with Paul. Someone like Daniel who owns a store and has so different coins pass through their hands can take a gamble (even Daniel has called it a gamble in his videos) on the companies.

They were a bunch of self proclaimed experts who came out of nowhere, set themselves up as THE coin authorities, and marketed the idea with an eye to making a business work off of the coin hobby (and other hobbies as well). To me they robbed most coins of their historical value based on mintage and mint mark to be replaced with what a label says for a few keys and the rest are just junk silver parts of the set. They shunned using legitimate methods with a scientific basis early on and have not gone back to them. My guess (ONLY a GUESS) is that using science to grade means no resubmissions and therefore no huge cash cow of people resubmitting and taking a gamble on getting a better grade. This is the way businesses typically operate nowadays.

For selling, as Paul said, check up the different sites for sold auctions. Use this as a guide. Don't forget to check out fees on auction sites as well.
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):
https://tinyurl.com/y7rksxu8

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Re: 1945 P is it worth grading for resale

#8 Unread post by illwil »

Checked out links given and watched the videos proposed, no argument here, simply absorbing. Thank you for the input, we’ll keep going.

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