US Coin Collecting

Comment by DarkStarFarm on December 2, 2008 at 6:32pm

US Coins: I love US commemoratives, classic and modern. I also love Eagles, gold, silver or platinum, it doesn't matter. Anyone have any advice on whether I should get me coins graded by NGC? One dealer told me not to get any coin graded if it wasn't worth at least $300, but I've bought lots of MS70 coins for less than $200. What do you think?

DarkStar

Comment by jnd1955 on December 2, 2008 at 7:25pm

well darkstar
i think this is an easey one to answer. the deal is correct in one factor.
if there not value over 300 .00 for resale .i would agree. but here its totaly up to you, are you buying them for sale to make a profet?
some due even i do if i find a raw coin that i think i can resell and make a few bucks, ,is help fund my coin collection.
now as a collector some and some not like to slab the for the pertection
some collect only slabed coins and soma only raw.
what it comes down to is, what you would like . there nothing wrong with haveing both. i do recormind slabeing any rare or key date coin.
put if you going for a resale. i would go with pcgs over ngc because they draw higher value in the sales.
right now i am working on the flag state quarter set. there all proof 69deep camoe, none are that valueable ,20 to 30 bucks each, but it show me some history with them, being each coin has its own state flag with the coin.
i hope this help you out some, but there real answer is do what you think that will make you happen and injoy the hobby.

john

Comment by DarkStarFarm on December 3, 2008 at 6:44am

John:

How much does it cost do get them slabbed by NGC? Do you send them directly to NGC yourself or do you use a local dealer?

DarkStar

Comment by jnd1955 on December 3, 2008 at 9:15am

well cost very buy grading tiers and value of coin and who fast you want it back. plus mailing to them and return postage. the least you will get away with would ba about 25 to 30 bucks a coin.
you do have to be a rgisterd member of ngc or pcgs to sumitt cons .
there there are diffrent levels of membership ,thing 99.00 to jion
149.00 with extras membeship prevlige
and top 199 you get all prevliges plus 8 free sumitting.
you can check here
http://www.ngccoin.com/index.asp

or you can find a local dealer that can submitt them.
but i would realy recormind joining ngc and submitting them your self.

john

Comment by DarkStarFarm on December 5, 2008 at 4:17pm

Anyone watching the Heritage Auctions coin auction currently on-going? The prices for the Classic US Commemoratives are amazing.

Comment by jnd1955 on December 5, 2008 at 4:22pm

oh ya ,i do the heritage and teleatrade auction. just have to find the best price. so far i have ben sticking to e-bay were i am pick up the i am looking for for less than have there value, it sure is a buyer market on e-bay.
john

Comment by t-pak on January 6, 2009 at 3:58am

Thanks for the Heritage Auction heads up. Just checked it out its pretty cool.

Comment by jnd1955 on January 6, 2009 at 6:39am

hi t-pac
what do you collect. , i am working on a pcgs registure set right now in washington proofs.
be care if your not a long time buyer, both auction site below ,has hidden reserves, or buy back options , so dont get sucked into bidding more that they are worth.
glad to have you aboard.
john

Comment by t-pak on January 7, 2009 at 10:59pm

my us territories coins are on their way. I'm sooo excited. Have you guys seen the Lincoln silver dollar thats coming out this year? Hold me back I am ready to spend some money..

Comment by jnd1955 on January 7, 2009 at 11:40pm

well your one step ahead of me lol . i have to whate till someone has pcgs grade them, then i can buy the 6 territorie quarters. my pcgs a pcgs registure quarter set, so have to be in pcgs holders. my set is ranked #18 in the world, iall so have a lincoln proof set that i am working on and its #16 . but yes i am going to get one of the silver lincolns, . i have one now ,but it is a silver plated copy, its a novaty idea but i thought i was neet, lol sure would like to replace it with a real one,.
maybe one of these days we can do some tradeing , lol i dont have much extra .but have a few. but that time will come in time. no hurry.
but glad to have you aboard
john

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