Realcent.org

Hey all:

I have a question about slabbing & grading of coins.

I have been to a few local coins shops and have noticed that they sometimes have "low value" coins that are slabbed & graded for sale. An example might be a brilliant uncirculated 1959 penny. Or a 1970 Jefferson nickel. These are nice looking coins, but what is their value? $1, possibly $2?

So why is this done?

Why would somebody pay to slab & grade a 1970 Jefferson nickel worth $1?

The only thing I can think of is that somebody is getting a wholesale deal or maybe the graders themselves are slabbing these low grade coins to make a couple of dollars per coin.

Any input on this?

I have always wondered the same thing. I see slabbed pennies, nickels, newer clad dimes and quarters sell at auction sales for around $15.00 Everybody says it costs about $25.00 to get a coin slabbed.

A 1970'd' nickel is worth $2.40 a ms67 books at over $900.
they send 'em in hoping to geat a great grade.
maybe the should have the doc look 'em over 1st.

Those were the Doc's practice coins from back in the days before PCGS started asking him how to grade coins.

For the registry. Anyone who wants to have a competitive set has to have one of each coin in a series, the registry doesn't accept raw coins.