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LesterMoore

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    Purchasing BU coins for Mint State Grading for newer silver coins

    in Newbie Coin Collecting Questions

    Posted · Edited by LesterMoore

    On 6/23/2022 at 12:42 AM, The Neophyte Numismatist said:

    Welcome to the forum.  Buying BU coins and having them graded is a collecting strategy, but it doesn't come without risk.  Understand that very modern coins only carry premium (and worth the cost of TPG)  in super high grades (MS68+), and proof coins/bullion are even more strict (PF69 and more likely PF70) (note: graded bullion is a different kettle of fish, and bears risk despite the grade).   Most of the time you can buy these coins graded for less than it costs to have them graded.

    If you are brand new and your grading skills are not impeccable, this is tricky.  An MS66 is a nice grade, but you will be underwater financially if you submit a modern coin that comes back MS66.

    I am certainly not trying to talk you out of anything.  I just want you to go into this eyes-wide-open.  

    Factors:

    • Raw coin cost 
    • Membership to TPG
    • Shipping and insurance (both ways)
    • Grading fees

    Add those together and then look at the cost for a graded one.  Understand that the pre-graded coin is a "sure thing", so place a financial factor to accommodate for the risk you are taking.  

    Again, I cannot stress enough... if you don't make the grade, you will lose.
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