1964 d lincoln cent 0

[Michelemoney]

Should I have this coin graded?

[J P M]

It is nice but grading is not cheap and it may cost more than it is worth in the end ?

[Michelemoney]

3 minutes ago, J P Mashoke said:

It is nice but grading is not cheap and it may cost more than it is worth in the end ?

 

3 minutes ago, J P Mashoke said:

It is nice but grading is not cheap and it may cost more than it is worth in the end ?

 

3 minutes ago, J P Mashoke said:

It is nice but grading is not cheap and it may cost more than it is worth in the end

I feel like an insufficiently_thoughtful_person sometimes because there is so much to learn and so many varieties its confusing

[J P M]

I learn something new here every day, And most will say if you can't get a big enough return for the coin it is not worth grading unless it is something sentimental or special to you. 

[James Zyskowski]

I m  new to this school but try to hang in. There’s so much knowledge 

[Woods020]

Michele,

What is it you want to do with the coins you have? Is it to begin collecting, or have you inherited some coins and would like to sell? Advice may be different depending on your end game. 
 

However, there is some basic guidance that applies. 
 

1. Grading fee, shipping both ways, etc will mean it will cost you in the $50/$60 range per coin all in. Now this will vary based on how many you ship at one time, grading tier, etc but that’s directional. 
 

2. If the coin is not going have a value of say $150 or more then financially it won’t be a good decision. 

3. If you want to begin collecting, there are many ways to properly store your coins without having them slabbed. We can give you advice if needed on storage. 
 

4. Slow down. The coins aren’t going anywhere. Learn to assess condition and value and then make decisions on where to go with it. You can have the coins graded a year from now if you decide. 

 

Resources suggestions:

- Grading 
1. PCGS photograde app is a nice way to get high level grading down with picture examples 

2. ANA grading standards is a good book to purchase and use 

3. YouTube is generally speaking a terrible place for information, but some reputable information can be found  PCGS put out a nice video series on coin grading. Here is the link to coin grading 101. You can progress through them over time. 

4. Look at a bunch of graded examples  look on Heritage Auction, Great Collections, etc and study the graded coins. See if you can determine why one graded higher than another. It takes time and looking at a bunch of coins to start to get it. 

 

- Pricing
1. Look at sold prices for similar graded coins. eBay and major auction houses all have search functions for sold listings. This is one of the best indicators is what people actually pay. 
 

2. If you want to invest in a membership, Greysheet is a widely used pricing resource also used by many dealers. 
 

3. Many pricing guides (redbook, PCGS, NGC, etc) are directional but inflated. They can often times be misleading.           
 

I hope this helps. Stick with it and it will click soon enough. 

[VKurtB]

5 hours ago, Michelemoney said:

 

 

I feel like an insufficiently_thoughtful_person sometimes because there is so much to learn and so many varieties its confusing

Best advice I have: Calm down and don’t be in a rush to have a coin graded.