tmuro

It’s clear to me that I have a lot to learn about grading, as apparently there is a big difference between even one grade level as you get into the higher grades. And with that difference comes a great jump in value. I checked out the PCGS online photo grading page. I appreciate all the info forwarded so far....

First, thanks to all who have so generously responded to my question. So, if I understand the replies so far, just because a coin is listed as "uncirculated", that doesn't mean that it will necessarily grade at a MS 60 or better. I just assumed that uncirculated meant that it was "near mint", if I can borrow a term from the diecast-collecting hobby. That makes more sense to me now. I will take your advice and look into local clubs... I appreciate all your input. Thank you again, and Happy New Year to all!

Hello everyone, I'm very new to the hobby and very confused; I've been watching You Tube videos regarding coin values (specifically Lincoln cents) and collectors such as Couch Collectibles and JB Coins both site coins graded by PCGS as achieving very high auction values. Example: 1964 Lincoln cent graded at MS 67+, and it sold at auction for more than $4000.00? Yet, I can go to ebay and buy a BU 1964 Lincoln cent for under $10.00, and in some cases, under $1.00. Wouldn't a BU 1964 cent grade at least an MS 67, being uncirculated? And if that's true, why isn't everyone buying these pennies and flipping them at auction, even if they have to spend the money to grade them? So maybe you can understand my confusion...I know I'm missing something here... can someone please shed some light on this?