Skunked out here too. I thought that one of my Roosevelt dimes would hit a 68, 67 minimum. So I submitted 5. PCGS was not impressed to say the least. Two 66's, and down from there. I'm glad that I love this and have learned so much from you on your video's. Lesson learned. Just because I don't see anything bad at 30x doesn't mean they don't. Resolve strengthened, bank account lighter. Oh well, on we go. Thanks again!
From my experience with it, that coin better be something extremely exceptional, that someone that's seen thousands of them looks at and says "wow!" Or its not going to get into 68 level. It could be a 67 or 68 but they won't give it the 67 or 68 because they will feel it doesn't have that wow factor to sit in their top pop with the select few others. Also why there's never going to be a MS70 graded by them or much of a chance of a coin hitting MS69 and surpassing their "top pop". It affects the market if they do that and it better be exceptional for them to do it. A coin that might be 69 or 70 would get top pop 68 just to avoid lowering values on those previously graded top pop 68 coins. Yeah they are 3rd party grading and they don't own the coins but they do run the highly graded coins market and I do believe they don't give high grades in situations where it's warranted in order to not upset the values. If MS67 has been top pop for the last 60 years and nothing higher, it's going to have to be something exceptional for them to make a new top pop of MS68 for just one coin which will lower the values on people holding MS67 coins for the last 60 years in their collections. I think it's their business practice to not upset the established. If top pop is MS67, they aren't gonna out of the blue slab a MS68, the MS67s are the equivalent of MS70 at that point and they are looking for something beyond perfect and even then it won't get a MS70, it might get the MS68 if it's that great and they could justify it. It is what it is. Once top pop is set they won't break it willy nilly even if you coin does surpass it.
Great advice. Thanks for telling the truth. I'm new to collecting and have been putting alot of effort into getting quality coins. Getting my coins graded, through PCGS, has been an expensive endeavor. Plus, it's not an easy process.
Why is it that you can pull a nearly perfect coin from an old mint set that has no scratches and no wear, yet you’ll never get a 69 or 70? It’s like they won’t allow a coin over 40 years old a perfect or near perfect grade, no matter how good it is.
Like your videos, very informative and interesting. I have often wondered. how can one be sure your potentially perfect gold coin sent to be graded get switched? Thanks Barry
One thing is clear to me, Washington's portrait is nicer on the earlier coin. Enhanced hairlines are too course. For sure, slabbing most modern coins and bullion is not a good idea. I buy my bullion, slabbed or unslabbed for the same price. And never sell bullion through an auction house. After buyer and seller premiums, one is lucky to get 50 to 60% of spot. A dealer will pay 90 to 98%.
I have bought a few slabbed moderns lately, all 69 and 70s. I love the coins. Keep doing what your doing about moderns. I look forward to your insights...
Will auction houses like Great Collections take error coins that have been graded but maynot be a top pop ?Im reallyinto varities but love figuring out the puzzels of error coins like finding Walldo. 😆 Id be thrilled to even clear $100 on a penny or nickel.Thanks for all you do . Sherry coincrazy..
Silverhound, i usually learn from your video, but you have NOT fully explained why some graded coins get rejected by auction companies.If it is graded, why would it be refused by the auction cos?????
Cool video Blueridge so wanted to tell you about my dollars i just got from my mother that have been in our family for a longtime. 1796 Braided and 1865 one dollar that they say on tue internet that's it fake and trust me when i say its not fake comparable artwork from every other minted coin..so i know not fake.
This is why I think some people have gotten scammed, or a lot. They will give you top pop when you spent a great amount on that year so you think you hit a homerun but in reality you profit only a grand after spending 6 grand on bulk. But a guy who sends one in and should be the top pop will get denied because they didn't spend enough on grading fees yet. Just when I thought it would be a honest company. Should of known better. Control the grade, you control the value.
Question Silver Hound. How bout Seeing an Error Coin Through The Mint Plastic Do You Send Entire Set? Or Cut It Out? Put it in Provided Mylar Flip? Or Cut Out, Just That Coin and Leave in Original Mint Plastic Sleeve Inside The Provided Mylar Flip?
I remember when I first got into the hobby first nice coin I saw I was thinking 💲then I thought about it. People most likely send coins out soon as they're released and don't get top pop grades why do I think that since I found a 25 year old coin that looks nice is going to now 😏. That's the way I think before I even consider trying to shoot for a " top pop" sry love the word. If it isn't as nice or better looking then a coin j released then why bother 🤷♂️
SilverHound, I think this is one of your most informative videos to date. Just to clarify...that 1997 set is just a business strike set and not a Proof set, is that right? It almost looks like a proof set on my phone *(my computer's not working - limited viewing area). Also, if I may inquire...when you speak of "moderns" you would consider 1965 to present as moderns, correct? Thanks BTW for your terrific videos!
BlueRidgeSilverhound ~ Thanks for taking time to reply and so quickly! You may get a chuckle here. I dug out 2 - 1964 (Philadelphia) mint sets that I'd bought earlier this year and never really looked them over post-purchase. I'm discovering that I as I dive more deeply into this hobby, the more questions I have. I'm still learning how to positively identify the various types of mint sets. Upon examination of the 2 - 1964 flat pack sets, at first I thought these were just very well-struck business coins, so I was thinking about paying off all my debts and fixing my car, because both nickels feature full and nick-free steps, I'm thinking these are going to sell for thousands of dollars. As I investigated further to confirm these thoughts or hopes, I then started to believe that I was holding in my hands, something even way more valuable than full step nickels. I actually started thinking these were the (almost) legendary 1964 Special Mint Sets (SMS) until I soon realized that what I have here are 2 - 1964 flat pack proof sets. Hahaha. I learned a lot from investigating these sets and I can't complain...as these are the most solidly-struck and most spot-free proof coins from that era that I've ever owned, gorgeous coins, all of them. One quarter has a very faint spot under the bottom-left serif of the 'I' in 'LIBERTY' and the rest of the other coins are all blemish-free! I'll keep at it. Who knows, maybe I'll hit the jackpot one day! 🤔
part of it is the collectibles market that coins are a segment of. valuable 'antiques' used to be things from the Depression or Victorian eras...now, you can sell 1960s-70s items for 10X what you pay for something from the 1800s...I see this in books, glassware, jewelry, etc...I see people getting more $$$ for a Modern Variety than the average Morgan dollar. it's a trend to be played. you gotta flip what is hot now and moderns seems like it especially for people like me - who sell 'raw'. I keep thinking of the PCGS membership and 5 coins graded free as part of the package.
Silver hound don't you suspect just a lull bit of the lack of integrity equally illustrated by most if not all grading and auction houses when it comes to fair grading and equal access to the market, stems from the exercise of protectionism for the collectors giving them thousands of dollars in fees per submission versus Joe Collector offering only 1 or2 per submission?
A continue from my last message the weight to a coin for me doesnt cut it due to the fact that.i have copper coins that i have checked the density And the minting company put other planchets so my coins weight is not what the internet says but i know its real. I have examined my coins and yours as well
Like 👍 any hobby, you have to put money and hard work into it to make the grade. Basically it's not for overwhelming people, who every day they have a valuable coin, make a fortune it's not possible always? I
hmm... Don't you think that the mints were also in competition with each-other's production results. Though, most likely in their first early years/decades was always mintages and after learning from history, it has to be all about count plus quality fs
I've done research on this subject and what I found is that Philadelphia mint just did more production than other mints did and as a result have more chance for errors and just weaker looking coins due to the pace they set. For a lot of years they were doing what Denver did and more, plus struck coins for other countries. It wasn't a competition and Denver trying to produce a superior product, it was quite the opposite and Philadelphia doing what it had to do to meet its production timelines. Add to that also the different equipment at each mint facility. Denver and Philadelphia have horizontal presses for speed, San Francisco and West Point have vertical presses for precision and they are slower. Believe it or not I searched a box of 2019 P American Memorial Park Quarters for the W mint mark quarters. After I found one and compared them visually there is an absolute difference. I could open a roll and identify the W quarter just from the edge if it was there in the roll. Philadelphia runs at a faster pace than Denver. Both Denver and Philadelphia run at a faster pace than San Francisco and West Point. SF and WP have superior coins to even Denver. Overall Denver has the higher quality, consistent coins over Philly. Philadelphia's inconsistency however leads to a lot of inferior coins compared to Denver BUT that top 1% out of Philadelphia far surpasses Denver's best consistent strikes, and they do it randomly on accident as they are flying through production.
I see that on a lot of mine, too. I have sets from 64 up. usually it is like every coins I very nice but one. I have a 1981 set where one penny has a reverse which is half blue. every other coins looks perfectly normal, no toning. I think people worked with bare hands sometimes or quality standards were not as sophisticated. imagine if a drop of sweat or spittle (smoking was allowed in the workplace back in the 60s) fell on a coin and then was sealed into it. over the years, it would have some chemical reaction or other. I wonder what? I get a fair amount of coins with fingerprints in sealed sets, too. I think in this video he showed a JFK half with a gouge on the neck almost to the rim and it shows a PCGS MS65 grade so I think they take some of this into account.
Why r u saying they're not worth anything. Didn't you cover that 2011 nickel that sold for gazillions?(exaggerating) You're just saying they must be graded before being accepted?
Hello i went and bought. A few coin sets off someone i bought 80 coins all pcgs graded when i get them home and looked through them they where all moderates anything from 1970s to at least 2010 moderne coins all pcgs all s graded sanforsico mints and thier all graded at. PR69dcam.50 cent peice got some PR 69RD Dcam for pennies 1 down from a full 70 even got 1st day issues of $1 loonies at pcgs PR69Dcam etc all of them are moderates and all graded 69 grade got 4 boxes of them would they be worth anything since its over 67 grade let me know please n ty n basically mint condition
They will not accept a coin to be graded unless the coin is $200 or more in value I wanted to pay to have a normal penny graded just for fun a new one at that they told me no
Skunked out here too. I thought that one of my Roosevelt dimes would hit a 68, 67 minimum. So I submitted 5. PCGS was not impressed to say the least. Two 66's, and down from there. I'm glad that I love this and have learned so much from you on your video's. Lesson learned. Just because I don't see anything bad at 30x doesn't mean they don't. Resolve strengthened, bank account lighter. Oh well, on we go. Thanks again!
From my experience with it, that coin better be something extremely exceptional, that someone that's seen thousands of them looks at and says "wow!" Or its not going to get into 68 level. It could be a 67 or 68 but they won't give it the 67 or 68 because they will feel it doesn't have that wow factor to sit in their top pop with the select few others.
Also why there's never going to be a MS70 graded by them or much of a chance of a coin hitting MS69 and surpassing their "top pop". It affects the market if they do that and it better be exceptional for them to do it.
A coin that might be 69 or 70 would get top pop 68 just to avoid lowering values on those previously graded top pop 68 coins.
Yeah they are 3rd party grading and they don't own the coins but they do run the highly graded coins market and I do believe they don't give high grades in situations where it's warranted in order to not upset the values.
If MS67 has been top pop for the last 60 years and nothing higher, it's going to have to be something exceptional for them to make a new top pop of MS68 for just one coin which will lower the values on people holding MS67 coins for the last 60 years in their collections.
I think it's their business practice to not upset the established. If top pop is MS67, they aren't gonna out of the blue slab a MS68, the MS67s are the equivalent of MS70 at that point and they are looking for something beyond perfect and even then it won't get a MS70, it might get the MS68 if it's that great and they could justify it.
It is what it is. Once top pop is set they won't break it willy nilly even if you coin does surpass it.
Great advice. Thanks for telling the truth. I'm new to collecting and have been putting alot of effort into getting quality coins. Getting my coins graded, through PCGS, has been an expensive endeavor. Plus, it's not an easy process.
Why is it that you can pull a nearly perfect coin from an old mint set that has no scratches and no wear, yet you’ll never get a 69 or 70? It’s like they won’t allow a coin over 40 years old a perfect or near perfect grade, no matter how good it is.
Like your videos, very informative and interesting. I have often wondered. how can one be sure your potentially perfect gold coin sent to be graded get switched? Thanks Barry
One thing is clear to me, Washington's portrait is nicer on the earlier coin. Enhanced hairlines are too course. For sure, slabbing most modern coins and bullion is not a good idea. I buy my bullion, slabbed or unslabbed for the same price. And never sell bullion through an auction house. After buyer and seller premiums, one is lucky to get 50 to 60% of spot. A dealer will pay 90 to 98%.
I have bought a few slabbed moderns lately, all 69 and 70s. I love the coins. Keep doing what your doing about moderns. I look forward to your insights...
Always enjoy your videos. I learn so much from each video. Really appreciate all the time you spend.
Will auction houses like Great Collections take error coins that have been graded but maynot be a top pop ?Im reallyinto varities but love figuring out the puzzels of error coins like finding Walldo. 😆 Id be thrilled to even clear $100 on a penny or nickel.Thanks for all you do . Sherry coincrazy..
So how much does it cost to have coins graded I've been trying to figure this out? Also to put them in Heritage you got to have them graded right
Thanks for the lesson, opinions, and insight, Shaun. Appreciate it.
Those mint sets are worth very little, I cant imagine why people would try and auction them.
Silverhound, i usually learn from your video, but you have NOT fully explained why some graded coins get rejected by auction companies.If it is graded, why would it be refused by the auction cos?????
Cool video Blueridge so wanted to tell you about my dollars i just got from my mother that have been in our family for a longtime. 1796 Braided and 1865 one dollar that they say on tue internet that's it fake and trust me when i say its not fake comparable artwork from every other minted coin..so i know not fake.
love your viseos
This is why I think some people have gotten scammed, or a lot. They will give you top pop when you spent a great amount on that year so you think you hit a homerun but in reality you profit only a grand after spending 6 grand on bulk. But a guy who sends one in and should be the top pop will get denied because they didn't spend enough on grading fees yet. Just when I thought it would be a honest company. Should of known better. Control the grade, you control the value.
Question Silver Hound.
How bout Seeing an Error Coin Through The Mint Plastic Do You Send Entire Set? Or Cut It Out?
Put it in Provided Mylar Flip?
Or Cut Out, Just That Coin and Leave in Original Mint Plastic Sleeve Inside The Provided Mylar Flip?
I remember when I first got into the hobby first nice coin I saw I was thinking 💲then I thought about it. People most likely send coins out soon as they're released and don't get top pop grades why do I think that since I found a 25 year old coin that looks nice is going to now 😏. That's the way I think before I even consider trying to shoot for a " top pop" sry love the word. If it isn't as nice or better looking then a coin j released then why bother 🤷♂️
SilverHound, I think this is one of your most informative videos to date. Just to clarify...that 1997 set is just a business strike set and not a Proof set, is that right? It almost looks like a proof set on my phone *(my computer's not working - limited viewing area).
Also, if I may inquire...when you speak of "moderns" you would consider 1965 to present as moderns, correct?
Thanks BTW for your terrific videos!
BlueRidgeSilverhound ~ Thanks for taking time to reply and so quickly! You may get a chuckle here. I dug out 2 - 1964 (Philadelphia) mint sets that I'd bought earlier this year and never really looked them over post-purchase. I'm discovering that I as I dive more deeply into this hobby, the more questions I have. I'm still learning how to positively identify the various types of mint sets. Upon examination of the 2 - 1964 flat pack sets, at first I thought these were just very well-struck business coins, so I was thinking about paying off all my debts and fixing my car, because both nickels feature full and nick-free steps, I'm thinking these are going to sell for thousands of dollars. As I investigated further to confirm these thoughts or hopes, I then started to believe that I was holding in my hands, something even way more valuable than full step nickels. I actually started thinking these were the (almost) legendary 1964 Special Mint Sets (SMS) until I soon realized that what I have here are 2 - 1964 flat pack proof sets. Hahaha. I learned a lot from investigating these sets and I can't complain...as these are the most solidly-struck and most spot-free proof coins from that era that I've ever owned, gorgeous coins, all of them. One quarter has a very faint spot under the bottom-left serif of the 'I' in 'LIBERTY' and the rest of the other coins are all blemish-free! I'll keep at it. Who knows, maybe I'll hit the jackpot one day! 🤔
Excellent advise overall.
part of it is the collectibles market that coins are a segment of. valuable 'antiques' used to be things from the Depression or Victorian eras...now, you can sell 1960s-70s items for 10X what you pay for something from the 1800s...I see this in books, glassware, jewelry, etc...I see people getting more $$$ for a Modern Variety than the average Morgan dollar. it's a trend to be played.
you gotta flip what is hot now and moderns seems like it especially for people like me - who sell 'raw'. I keep thinking of the PCGS membership and 5 coins graded free as part of the package.
Good Video. Keep them coming
Always good info with Bluetridge Silverhounds
Iknow i owe this man props im wealthy now because of EVERY thing i learned from him
Deep pockets and some times tripping over the Dollars to get to the Penny's
Shaun Can I ask you a question, can you tell me if there is a Rosevelt Dime that's the same color like a Lincoln penny,
Silver hound don't you suspect just a lull bit of the lack of integrity equally illustrated by most if not all grading and auction houses when it comes to fair grading and equal access to the market, stems from the exercise of protectionism for the collectors giving them thousands of dollars in fees per submission versus Joe Collector offering only 1 or2 per submission?
Interesting I definitely could see the differences between the two sets.Nice video! Thanks 👍
I want to buy my sons birth years in mint sets. I guess I will anyway and they can decide if they want to keep them after I'm gone. ATB & HH
Thanks forthe truth.
Great info bro
Is it bad to take them out of the mint packaging? I don’t like it, seems like they are allowing or even causing damage.
I regularly flip coins for 85x, I dont use PCGS as ICG is much more reasonable and still grades coins accurately.
Ralph Heimburger what does "flipped coins" mean, and what does "85x" mean?? I am new at collecting.
@@ritadimes80 most likely means he's taking coins and making 85 times the amount on them.
I say I think they only show error/ profitable coins ?
Good video
Off the gold standard?
Looks like the US Mint gave JFK a facelift!
A continue from my last message the weight to a coin for me doesnt cut it due to the fact that.i have copper coins that i have checked the density
And the minting company put other planchets so my coins weight is not what the internet says but i know its real. I have examined my coins and yours as well
Auction house typically downgrade items so they profit.
Like 👍 any hobby, you have to put money and hard work into it to make the grade. Basically it's not for overwhelming people, who every day they have a valuable coin, make a fortune it's not possible always? I
Im going to relax and see what happens. Where i go from here.
hmm... Don't you think that the mints were also in competition with each-other's production results. Though, most likely in their first early years/decades was always mintages and after learning from history, it has to be all about count plus quality fs
I've done research on this subject and what I found is that Philadelphia mint just did more production than other mints did and as a result have more chance for errors and just weaker looking coins due to the pace they set.
For a lot of years they were doing what Denver did and more, plus struck coins for other countries.
It wasn't a competition and Denver trying to produce a superior product, it was quite the opposite and Philadelphia doing what it had to do to meet its production timelines.
Add to that also the different equipment at each mint facility.
Denver and Philadelphia have horizontal presses for speed, San Francisco and West Point have vertical presses for precision and they are slower.
Believe it or not I searched a box of 2019 P American Memorial Park Quarters for the W mint mark quarters. After I found one and compared them visually there is an absolute difference. I could open a roll and identify the W quarter just from the edge if it was there in the roll.
Philadelphia runs at a faster pace than Denver. Both Denver and Philadelphia run at a faster pace than San Francisco and West Point. SF and WP have superior coins to even Denver.
Overall Denver has the higher quality, consistent coins over Philly. Philadelphia's inconsistency however leads to a lot of inferior coins compared to Denver BUT that top 1% out of Philadelphia far surpasses Denver's best consistent strikes, and they do it randomly on accident as they are flying through production.
Even my 65 SMS set the penny has a black spot on it
I see that on a lot of mine, too. I have sets from 64 up. usually it is like every coins I very nice but one. I have a 1981 set where one penny has a reverse which is half blue. every other coins looks perfectly normal, no toning. I think people worked with bare hands sometimes or quality standards were not as sophisticated. imagine if a drop of sweat or spittle (smoking was allowed in the workplace back in the 60s) fell on a coin and then was sealed into it. over the years, it would have some chemical reaction or other. I wonder what? I get a fair amount of coins with fingerprints in sealed sets, too. I think in this video he showed a JFK half with a gouge on the neck almost to the rim and it shows a PCGS MS65 grade so I think they take some of this into account.
Seems like the penny's in the 60s sets have carbon spots
We will most likely be breaking sets down if needed. At least we have them.
I have a star note, dollar, why are they so important?
Why r u saying they're not worth anything. Didn't you cover that 2011 nickel that sold for gazillions?(exaggerating) You're just saying they must be graded before being accepted?
Hello i went and bought. A few coin sets off someone i bought 80 coins all pcgs graded when i get them home and looked through them they where all moderates anything from 1970s to at least 2010 moderne coins all pcgs all s graded sanforsico mints and thier all graded at. PR69dcam.50 cent peice got some PR 69RD Dcam for pennies 1 down from a full 70 even got 1st day issues of $1 loonies at pcgs PR69Dcam etc all of them are moderates and all graded 69 grade got 4 boxes of them would they be worth anything since its over 67 grade let me know please n ty n basically mint condition
They will not accept a coin to be graded unless the coin is $200 or more in value I wanted to pay to have a normal penny graded just for fun a new one at that they told me no
Jesus Christ you see the face on this coin huh.
And dont for get they didnt change the die as often in the raely years like they do now
Can I email you?
68 97 is 29 years not 40+
Skunk pcgs.
What is your email
They're all [graders] like the TV Networks. Sucky programming and anchors that need to be thrown overboard. Let's ask Alex Ocasio Cortez what to do.