Graded Coins - Is the premium worth it? - Collection #3
I've got a .999 problem, but graded coins ain't one.
Graded coins make up a very small percentage of my collection, almost entirely because of cost. The fees associated with getting these sent off to grade, especially as the Numismatic Guaranty Corporation (NGC) doesn't have a location in Canada to send them to, can be quite expensive.
Coins have a grading scale from 1-70 depending on type and quality.
NGC uses the internationally accepted Sheldon grading scale of 1 to 70, which was first used in the United States in the late 1940s. This scale was adopted by NGC when it began operations in 1987 and is considered to be the industry standard.
When I can pick one of these up, I'm looking to grab a perfect coin, so almost all of this collection is MS 70 with the exception of the 1998 Canadian Titanic privy.
Right as this Maple Leaf was issued, the Royal Canadian Mint was suddenly and mysteriously sold out. It seems that almost the entire production run was sold to a private distributor. That distributor then became the only source for people wishing to purchase the coin.
Due to the low mintage (26000 coins) and unusual way they were distributed, the Titanic Privy Mark Silver Maple Leaf has always been difficult to find. - source
The Philharmonic coin, although graded 70, has toning advancing from the edges.
More toning on the Rwandan Cheetah coin.
And the Canadian gem uncirculated has it too.
I was able to get the entire Australian map shaped coin series.
As time goes on, and I have some spare fiat to convert into money, Ill continue to add to my growing collection of precious metals, but, for now, this is my modest collection of graded coins.
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-- MadHatt
I too have a few graded coins (I never sent them off to get graded, I purchased them already slabbed). I originally started collecting coins when I was young, but converted to stacking later in life so I have an appreciation for the numismatic value of coins as well as their PM content.
Basically, I like to have a little of everything in my stack. I enjoy looking at the coins for their aesthetic value as well as their precious metal content.
I did the same. The cost of shipping, grading, customs and insurance is far higher than purchasing the slabbed coins from a dealer.
My thought at the time was to try and grab a coin from any country that produced a .999 silver coin... which was probably too optimistic.
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Nice collection you got!
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I've been adding to this very slowly over the previous 10 years or so.
Just love the way silver feels in my hands.
awesome collection! i have some silver dimes and quarters used to ahve massive clad kennedy silver collection is houdl do a post abouthow to find FRE silver in te supply of Half dollars in teh banks !just as for a biox of $500 in half dollars u will beed $500 plus a few extra dollars to keep doingf this, and u need to just go through the half dolar boxes have them order moe and just keep collecting the half dollar kennedies form 1964 to 1970 and any coin from 1964 and beforeis 90% silver 1965 to 1970 are 40% silver, so any half dollar 1970 and before is silver and u keep! its a great hobby anyone who is unemployed with $500 or even $100 or $20 to just buy one roll at atime can do it!
I always check my change hoping to pick up some coin silver.
A friend of mine use to do the same thing, goto the bank and get a bunch of rolls of quarters hoping to find something made in the early 60's or before.
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Nice collection. If you buy your coins already slabbed for no extra cost, that's a good deal. I usually wait til I have a bunch of stuff and ANACS or NGC are having an advertising special to bring the price of grading and encapsulating to less than 12.00 per coin, then make a submission of 40 coins or more. For counterfeit detection I would always encapsulate my gold, platinum and key dates. Not so much modern stuff. Most dealers and shops are not selling bad 2017 Silver Eagles or MapleLeafs or other modern Bullion. But it is the safest way to preserve a collection for numismatic history and you do not have worry if a clumsy friend drops a coin you are showing him/her. :) But you really don't want to get stiffed buying a bad 1916-D Dime or a 1909-S VDB cent or your 23-D and S Washington Quarters, or 1895 5 Pound British Gold, Russian & Chinese rare coins. Counterfeits of these abound and the 1877 Indian Cent. For the amateur counterfeit detector I would always buy these slabbed, or get them slabbed immediately after buying them raw to make sure they are good. Nobody is counterfeiting a 2008-W Satin Finish American Silver Eagle just to make 35.00 and nobody cares if its a MS-70, 69, 68 or 67. The minting technology is so good these days, the coins are expected to be high grade. Look at Dan Carr's stuff from the Moonlight mint, and his Clark & Gruber Coins and Lesher Dollars. So actual government coins should of necessity be absolutely premium quality whether business strikes, BU or Proof. If a modern coin is 66 or less, theoretically it is a damaged coin in terms of todays technology. I like your stash and those NGC slabs are really a sturdy product. It's a nice holder. Love your Australian Map Coins. Those are a really nice set. Keep going for it. I like the Pandas and the Zodiac Collections the various mints did. Those are quite some artwork, wouldn't you say? Like looking at cool accumulations and collections. You got some neat stuff and quite a variety, too. Cool. Take Care.