What would you do submitters to NGC? 1 1

[Mr.Bill347]

I am in a quandry trying to decide on a mass submission of quarters. I have the following RAW coins:

1970 S Washington Proof UCAM

1971 S Washington Proof UCAM

1971 S Washington Proof UCAM Type 2

1972 S Washington Proof UCAM

1972 S Washington Proof UCAM

1973 S Washington Proof UCAM

1974 S Washington Proof UCAM

1976 S Washington Proof UCAM Bicentennial

1977 S Washington Proof UCAM

1978 S Washington Proof UCAM

1979 S Washington Proof UCAM

1980 S Washington Proof UCAM

2013 S Washington Silver Proof UCAM Mount Rushmore

The last one is an MS Bicentennial coin 1976 D BU

I am considering sending the whole batch in for grading. Some higher end quarter proofs like this have some significant value. If I were to send them all in on MODERN TIER

along with shipping cost (28), it would be about $294

Do you guys think it would prove to be worth it?

Higher values are for PF 69 and PF 70. What are the odds that I can hit on a few?

 

[Coinbuf]

My best guess without seeing the coins is that you will have some expensive plastic when you get the coins back.   The pops are somewhat low for the earlier dates for a reason, and while it is very difficult to assess the grade for proof coins from photos, the photos of the 71 do not give me the impression the coin will grade UCAM.   Additionally, the 79-S appears to be the less desirable type1, and just above the "D" of IGWT I see a spot.   If that spot is on the coin (which it appears to be) then you can forget about anything higher than PF68 (imo).

We are not talking about a life altering amount of money here, and if you just want to test your grading skills against those of the graders then it may well be worth it to you to spend the money and have them graded.   Just be prepared for less than stellar grades, that way if you get some it is a nice surprise.   I have two submissions in for grading right now to use up the grading credits I received from my registry award last year.   I have no significant coins in the group a couple of interesting toners and some modern coins, so while I have hopes that my grades will be good, I am not expecting the moon.

[The Neophyte Numismatist]

I would:

1. Look at the Greysheet pricing for each coin, and trace the prices to understand where the coin needs to be to make grading worth the submission fees, postage and insurance.  
2. Then look at each coin, and be very critical.  Are they within that range?
3. Look the coins up on eBay in the grade your coins appear to be.  Is it cheaper to buy them already graded?

Once you have those three steps completed, I think you will have a clear go/no-go decision.  As @Coinbuf said, if this is to hone grading skills or other reasons - feel free to test if out.  But, if you are looking to break even (or profit), you will have to do my three steps above before submission.

 

[Mr.Bill347]

Coinbuf and Neophyte, you may absolutely be right. But after closely examining all of these, I still feel like  many of them could be good candidates.

I think I am going to run them over to my closest ANA dealer and have them look and give me an opinion on them before I pop for $300. It is true that many can be found on Ebay or other sites for less than $20 as a 68 or 69.Ill let you know what they say. Thanks for your thoughts.

I 

[Sandon]

  None of these coins is likely to be worth anywhere near the $200 or so that, in my opinion, would make it worthwhile to submit them to any grading service, even at the "Modern" category rate.

[VKurtB]

On 1/23/2023 at 1:06 PM, Mr.Bill347 said:

I am in a quandry trying to decide on a mass submission of quarters. I have the following RAW coins:

1970 S Washington Proof UCAM

1971 S Washington Proof UCAM

1971 S Washington Proof UCAM Type 2

1972 S Washington Proof UCAM

1972 S Washington Proof UCAM

1973 S Washington Proof UCAM

1974 S Washington Proof UCAM

1976 S Washington Proof UCAM Bicentennial

1977 S Washington Proof UCAM

1978 S Washington Proof UCAM

1979 S Washington Proof UCAM

1980 S Washington Proof UCAM

2013 S Washington Silver Proof UCAM Mount Rushmore

The last one is an MS Bicentennial coin 1976 D BU

I am considering sending the whole batch in for grading. Some higher end quarter proofs like this have some significant value. If I were to send them all in on MODERN TIER

along with shipping cost (28), it would be about $294

Do you guys think it would prove to be worth it?

Higher values are for PF 69 and PF 70. What are the odds that I can hit on a few?

 

You are a Registry guy, right? If I were, sending them would be tempting, but searching inexpensive slabbed coin boxes would be more tempting. It could be cheaper. 

[J P M]

Sorry Bill, I know you hope these coins are winners but it is hard to get a 69 / 70 coin fresh off the press. I would take that $300 or more and get yourself a nice CC Morgan

[Mr.Bill347]

 

 

On 1/23/2023 at 5:26 PM, J P M said:

Sorry Bill, I know you hope these coins are winners but it is hard to get a 69 / 70 coin fresh off the press. I would take that $300 or more and get yourself a nice CC Morgan

Good Advice from all !

[Mr.Bill347]

On 1/23/2023 at 5:24 PM, VKurtB said:

You are a Registry guy, right? If I were, sending them would be tempting, but searching inexpensive slabbed coin boxes would be more tempting. It could be cheaper. 

Yes VkurtB, i have a reasonable registry. I think i will run it by my coin guys and see what they say. If they don't think so, I just get the Morgan the JP suggested.

Thanks

[VKurtB]

69’s need to be exceptionally nice to the naked eye, with nice frost on the devices. 70’s on those earlier dates will be unicorns. By about 1983, 70’s will be slightly more common. 

[Mr.Bill347]

On 1/23/2023 at 5:09 PM, Sandon said:

  None of these coins is likely to be worth anywhere near the $200 or so that, in my opinion, would make it worthwhile to submit them to any grading service, even at the "Modern" category rate.

Thanks Sandon. Of course every coin owner with a proof cameo thinks it’s a 70. Reality says other wise. I think I’ll take them to the ANA dealer, and if possible just sell them to him, and get something I’d REALLY like to have with that money. 

[VKurtB]

Registries make it tempting to send coins for grading that otherwise would never visit Sarasota or Southern California. It’s not MY thing to do, but I do understand the temptation. Having lofty grades on modern quarters can quickly accumulate lots of points. I am doing something similar with a short U.K. set that I have all the tough coins in high grades. The two “easy” coins are common as dirt, but tough to find in gem grades. So the search continues. I have one “parked”, ready to go to NGC with other European pieces, but the other easy one is still evading me in Gem. A trip to England might just fix that. 

Edited January 23, 2023 by VKurtB

[gmarguli]

What are the odds you can "hit on a few"? So basically you have no clue how to grade them. If you want a $300 lesson in grading, send them in. Or you could examine graded examples in person for free at shows. 

Most of these coins are dirt common in 69/70. You can get them on eBay in PR70 for less than the cost of grading. The odds that you have PR70s for the rare ones is near zero. I can see spots and haze on some, which will exclude them from a 70 grade.

There is no value in taking them to your local ANA dealer. The odds that the dealer can split the 65/66/67/68/69/70 grades for modern proofs is very small. As easy as it is to grade them, most people including dealers never learn as there is no value in it for them. 

Since when is there a Type-1 & Type-2 for the 1971-S 25c? 

I've submitted MANY THOUSANDS of moderns over the years and there are two ways to do it. Bulk submission where you blindly submit hundreds of coins and pay very little for each or you know how to grade and select gems for the dates that make sense. For most of your dates, not even bulk submission makes sense for PR70s.

[VKurtB]

On 1/23/2023 at 6:07 PM, gmarguli said:

Or you could examine graded examples in person for free at shows.

You have to be careful even doing this. There are lots of slabbed coins out there that can no longer earn the grade that is already on them. Spots happen. Horrendous haze happens. 💩 happens. Of course, if all that matters is the label…

[Mr.Bill347]

You are right VkurtB you all have washed that idea away! I think I’ll just encapsulate them and go on speculating on something else. 😀