SHOULD I GRADE? 0

[kovac911]

Hello all,

So I am a newbie to the coin industry and recently have been able to get my hands on End of WW 2 75th Anniversary American Eagle Gold coin. After looking at resell prices on ebay, it is apparent that this coin has value but is it worth grading. If I grade it, will it actually add that much value to it or should I just sell it now. I also got 2 of the silver coins but I think ill just sell those raw, unless you guys think I should grade them also.

Thanks for any feedback.

[Modwriter]

Submit your coins at XF grade. If they grade higher, it will be a nice surprise and be worth the cost in the long run

[James_OldeTowne]

You mean, you got it for free or something like that?  Not sure I understand, but in general, you are best not spending your good money on the cost of certification.

[Crawtomatic]

9 hours ago, Modwriter said:

Submit your coins at XF grade. If they grade higher, it will be a nice surprise and be worth the cost in the long run

You've got to try a new canned response.  For one, that's rarely good advice as it is but, more importantly, the OP is referring to a proof issue coin released last week.  The chances that it grades anything less than 69 (if kept in original packaging) is extremely slim.

To the OP, unless you're a collector of the series I'd sell now.  If it graded 70 could it be worth more?  Possibly but not guaranteed.  As of today it's pulling an easy $10k profit over buy price.  Pigs get fat, hogs get slaughtered.

[Terence:)]

9 minutes ago, CRAWTOMATIC said:

Pigs get fat, hogs get slaughtered.

Ageed, post it on Ebay raw and make 5 times your investment .... even better profit on the silver proofs from what I've seen.

[VKurtB]

On 11/9/2020 at 8:18 AM, Modwriter said:

Submit your coins at XF grade. If they grade higher, it will be a nice surprise and be worth the cost in the long run

Please stop it with this advice. It’s irresponsible. 

[Modwriter]

9 hours ago, VKurtB said:

Please stop it with this advice. It’s irresponsible. 

Why are you going to get me suspended again?

[Morpheus1967]

4 hours ago, Modwriter said:

Why are you going to get me suspended again?

One can only hope.

[rocket23]

20,000 coins and the op wants to get one of ‘em graded. Either way they are selling. 3 to 5 times over the mint price. All you’re doing is spending money. IMO 

just like I did with my quarters. 

[Morpheus1967]

5 hours ago, rocket23 said:

20,000 coins and the op wants to get one of ‘em graded. Either way they are selling. 3 to 5 times over the mint price. All you’re doing is spending money. IMO 

just like I did with my quarters. 

What are you talking about.  This is a Gold Eagle.  The fact that he was posting about it Sunday tells me he purchased it last Thursday, not the 1/2 ouncer that came out the 9th.  There are only 1,945 of these.  Not sure where you are getting 20,000.  Those are selling for 4-5x mint release price raw on ebay.  I can't even imagine what a 70 would sell for, as there are literally no graded golds listed that I can see.  I would guess close to $14-$18,000.  Would I spend $300 more to possibly make maybe an extra $4,000?  Hell yes.  Even if it comes back a 69 you are miles ahead.  

[rocket23]

1 hour ago, Morpheus1967 said:

What are you talking about.  This is a Gold Eagle.  The fact that he was posting about it Sunday tells me he purchased it last Thursday, not the 1/2 ouncer that came out the 9th.  There are only 1,945 of these.  Not sure where you are getting 20,000.  Those are selling for 4-5x mint release price raw on ebay.  I can't even imagine what a 70 would sell for, as there are literally no graded golds listed that I can see.  I would guess close to $14-$18,000.  Would I spend $300 more to possibly make maybe an extra $4,000?  Hell yes.  Even if it comes back a 69 you are miles ahead.  

Thought it was silver. Info from the mint web. 

[Henri Charriere]

23 hours ago, VKurtB said:

Please stop it with this advice. It’s irresponsible. 

[Premature advice made prior to Crawtomatic's subsequent helpful clarification. That's all.]

[VKurtB]

1 hour ago, Quintus Arrius said:

[Premature advice made prior to Crawtomatic's subsequent helpful clarification. That's all.]

But being repeated ad nauseam on multiple threads. It’s just bad advice. Sorry.

[Modwriter]

On 11/11/2020 at 3:54 AM, rocket23 said:

20,000 coins and the op wants to get one of ‘em graded. Either way they are selling. 3 to 5 times over the mint price. All you’re doing is spending money. IMO 

just like I did with my quarters. 

I just bought a pack of smokes for like $13. Used two rolls of cull quarters to pay for cigs.😎❤

[VKurtB]

34 minutes ago, Modwriter said:

I just bought a pack of smokes for like $13. Used two rolls of cull quarters to pay for cigs.😎❤

Did you get $7 back?

[Modwriter]

On 11/13/2020 at 10:16 AM, VKurtB said:

Did you get $7 back?

I'm sure I did buddy.