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CONECA (pronounced: CŌ´NECA) is a national numismatic organization devoted to the education of error and variety coin collectors. CONECA focuses on many error and variety specialties, including doubled dies, Repunched mintmarks, multiple errors, clips, double strikes, off-metals and off-centers—just to name a few. In addition to its website, CONECA publishes an educational journal, The Errorscope, which is printed and mailed to members bimonthly. CONECA offers a lending library, examination, listing and attribution services; it holds annual meetings at major conventions (referred to as Errorama) around the country.

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When do you know to send a coin in for grading?

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  • Sdshdhntr
    • Dec 2020
    • 40
    #1

    When do you know to send a coin in for grading?

    So, Please chime in on this. I would like comments from everyone.

    When do you know to send in a coin for grading? Do you look at the price in PCGS or other service, compare the price if it is more than the cost of having it graded, do you send it in? Or do you just take appropriate pictures and post of Ebay and see what it brings?

    Thank You for your time.

    Wayne
    Tags: None
  • mustbebob
    Moderator
    • Aug 2007
    • 3050
    #2
    Wayne, that is a really good question with probably hundreds of answers. In my view, the only time to get coins graded or encapsulated are when they are rare, or in extremely high grade. Looking at completed auctions as well as third party grading sites can give you an idea of what they are grading and what they may be worth. If you can not recoup your grading fees, then the coin is not worth having graded. Every collector has their own requirements. It is up to you to determine what you want, what your plans are for those coins, and if it is financially feasible.
    Bob Piazza
    Lincoln Cent Attributer

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    • Sdshdhntr
      • Dec 2020
      • 40
      #3
      Thank You!

      Comment

      • eaxtellcoin
        RPM Dealer Specialist
        • Feb 2008
        • 798
        #4
        I couldn't agree more with Bob!. Some folks want a "Discovery Piece" graded so they have a coin that was un listed previously to the clubs. Alot of politics with this one because coins have been de listed in the past then re surface 20 years later - I.E. RARE to most parts of the country.

        Long time ago I certified only the early stuff pre 1944 in RPM's. I figured they were not getting any more common, BUT you have to take into consideration how many are known from higher grades and decide for yourself. The slabs help yes but up until recently not all slabs were sealed. I cannot pick on a third party grader here but that maybe why there slabs are so much cheaper and do not bring as high a price on re sale.

        I only slab what I find cheap and it has enough mark up to recover the cost of the slab. Remember if a dealer is charging what the coin costs OUTSIDE a slab Say MS66 price, then you are that much farther down on the coin just to slab/protect it. Plus they take up a ton of space.

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