Graded Silver Coins

[silverbullionMember]

I would love to hear your thoughts in regards to graded silver coins. I mostly go for ungraded coins, but I do have a few graded silver coins with numismatic and/or collector’s value. I like to call it a “double play” in terms of the silver melt value and the numismatic and/or collector’s value.  Do you own any graded coins? If not, why not? If yes, what are your reasons for owning graded coins?

Yes, it is true that collector’s value is expected to fly out of the window in a survival and/or barter situation, that one can expect to only receive goods and/or services of more or less equal value to the silver melt value. I do however feel that there is room for numismatic and/or collector’s coins with a high silver content. What are your thoughts on this?

[AGXIIKMember]

SB   I have a couple of graded coins, MS high 60′s AU.  They are really nice but with due respect to collectors, my preference is the simple basic 999 rounds.  That’s my silver bullet for payment of services and products, even today when I promises my compuer guru the option of taking a couple of rounds for his work.    It’s easier for me to educate my local friends about silver when we’re not talking about a coin that costs 3-5 times as much as the generic examples of silver.  IMO

[silverbullionMember]

AGXIIK I love your way of thinking.

[Crazy CanuckMember]

Graded coins always command a premium

 

My grandfather was a bit of a numastist and when he passed he left me a bunch of old canadian coins that were in fantastic shape. I had my local coin shop contact send a few of them away for grading.  When I got them back I listed them on craigs list and ebay.

Because it was graded, I got $450 for 1- 50 cent piece. It had a rare anomally. Ungraded it would have brought about $30

I took the money and bought a bunch more canadian maples.

If you have no interest in the numismatic value of your coins and they are old,rare and in MS condition, it can’t hurt to list them for sale.

That being said, if they aren’t anything special it’s not worth having them graded.

 

[silverbullionMember]

Crazy Canuck I’ve got a few rare coins, I think I will have all of those graded based on your feedback. Thank you.

[aragornsosMember]

I’ve been wondering about this myself.  I have a bunch of “old” coins I’d collected as a kid, and was curious if the collector value would be significantly over the melt value.  I suppose I should bring some of ‘em in to the local coin shop where I have been known to pop in from time to time to inquire (acquire?) about various options in AG and AU.  That’s a great point if you have a few with collector value, sell ‘em and turn them into more eagles or maples or whatever your poison is I guess.  None of mine have any sentimental value, so if there is ACTUAL value there I can squeeze out… I’m gonna go for it.

[silverbullionMember]

Exactly.

[MammothMember]

I have one graded, common-date Peace Dollar, which I bought at the going rate for ordinary silver dollars ($28, back in January).

One advantage to having graded coins is because of the growing number of made-in-china counterfeit coins these days.  Having a graded coin pretty much guarantees to a skeptical buyer that it is real and not a fake.

But would I send off my nicer ‘junk silver’ coins to be graded?  No.

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