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In God We rust
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38 posts in this topic

12 hours ago, Sharann said:

To be completely honest, saying and typing the whole phrase without the T in trust kind of hurts my heart, cause in my God we don't rust! Personally, I don't think it should EVER have been hyped at all and that those coins should be deemed obsolete.

You would probably really break down over "Atheist" cents. They come on many different years as well.

 

1970-s-atheist-cent.jpg

atheist1 (1).jpg

Edited by Conder101
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1 minute ago, Conder101 said:

You would probably really break down over "Atheist" cents. They come on many different years as well.

http://www.lincolncentforum.com/wp-content/uploads/2014/05/atheist1.jpg

1970-s-atheist-cent.jpg

You are probably right. 😊 I will try to keep my composure here though. 

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10 hours ago, Modwriter said:

Are you going to send this to NGC for grading? Id be interested in seein how they would label it more than the grade.

Not worth $65 to find out it is worth 25c Yes it would be nice to know ? I have checked around it has been seen before but know one is quite sure about it.

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9 hours ago, J P Mashoke said:

Not worth $65 to find out it is worth 25c Yes it would be nice to know ? I have checked around it has been seen before but know one is quite sure about it.

Wow is that what NGC is charging for grading for members? I think I was paying $22 plus shipping last year at PCGS. I use them because Im just down the road.

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3 hours ago, Modwriter said:

Wow is that what NGC is charging for grading for members? I think I was paying $22 plus shipping last year at PCGS. I use them because Im just down the road.

I can assure you as a current, dues paying member, if I walk in with a Brasher Doubloon, I will be charged a % of its retail value, irrespective of condition. You want photos taken? That's another fee. How about special labels? Postage, insurance and packaging, coming and going, that's even more. It's gotten so you have to sit down with a slide rule and figure this all out. Now NGC has raised its rates. Having average circulated coins found in change makes little economic sense. Not every coin is a good candidate for grading.  You''ve got to do your due diligence.

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2 hours ago, Quintus Arrius said:

I can assure you as a current, dues paying member, if I walk in with a Brasher Doubloon, I will be charged a % of its retail value, irrespective of condition. You want photos taken? That's another fee. How about special labels? Postage, insurance and packaging, coming and going, that's even more. It's gotten so you have to sit down with a slide rule and figure this all out. Now NGC has raised its rates. Having average circulated coins found in change makes little economic sense. Not every coin is a good candidate for grading.  You''ve got to do your due diligence.

I just filled out a online submission form just to see what my actual costs would be for 1 coin. $54.00 for the first coin. That is without the special labels. I made 2 ten coin MS minimum grade submissions last year. Maybe 3 returned no MS grade. After selling and auctioning, I was in the red, but look back on it  as taking a university numismatic course that I failed.

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4 hours ago, Modwriter said:

I just filled out a online submission form just to see what my actual costs would be for 1 coin. $54.00 for the first coin. That is without the special labels. I made 2 ten coin MS minimum grade submissions last year. Maybe 3 returned no MS grade. After selling and auctioning, I was in the red, but look back on it  as taking a university numismatic course that I failed.

The unfortunate refrain bandied about lightly is, "You know what to do. Have it graded!"

This is most unfortunate as a number of factors have to be taken into consideration. One must first, establish the FMV of the merchandise being offered and weigh that against the not inconsiderable costs of certification which mount quickly.

If your sole motive is to have your favorite family picture or diploma from law or medical school framed in mahogany, by all means spare no expense if it makes you happy. However, submitting a coin with a fairly common date thinking it will make it look more desirable will only succeed in exponentially increasing its cost with any hope of recovery of your significant outlay nothing more than a pipe dream and a  regrettable decision that one failed to think through. L

Side note:  Casinos look like exciting places with lights and bells but save for the lucky high roller, most players bet over their head and not with them.. Then they throw good money after bad, and lose that too.  Entertainment is one thing; collecting and investing are another.  This hobby requires due diligence. And, like gambling, is not for the faint of hearted.

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