Hey everyone! I’m in a bit of a dilemma as I’m considering submitting a group of rare coins for grading. I’ve got a few pieces from my collection that I suspect might be more valuable than I initially thought, but I’m not sure how to evaluate them properly before sending them in.
I recently acquired a 1909-S V.D.B. penny, and it’s in what I’d call a solid Fine condition. I’ve done some research and found prices fluctuate depending on the coin’s state and the demand in the market. However, I’m torn between sending it in along with my other coins or holding off to see if the market changes more favorably. Should I focus on coins with the highest potential for appraisal, or would a mix be better for a group submission?
I’d love to hear your experiences! For those who have submitted coins before, what factors do you consider most critical? Are there specific guidelines you follow for determining which coins make the cut? I’m also curious about how to gauge their current market value—any tips on reliable resources or tools? Looking forward to your insights!
It’s great to see you’re considering a group submission! The value of coins can indeed be tricky to determine, especially with something like the 1909-S V.D.B. penny, which is highly sought after. It sounds like you’re in good shape with a Fine grade, but I would recommend using resources like PCGS and NGC to get a more precise market evaluation.
Here’s what I suggest for selecting coins:
- Consider the grade—coins in better condition often yield higher values.
- Research recent auction results to see what similar pieces have sold for.
- Assess the demand; some coins may be desirable even if they aren’t in perfect condition.
In your case, sending in a mixture can diversify your risks, but make sure each coin has enough potential to justify submission fees. Good luck, and let us know what you decide!
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Hey CoinNut97! When I submitted my coins, I focused on those with the most potential, rather than just my favorites. You might want to check auction sites like eBay for similar coins. Seeing what they sell for can give you clues about current market value. Also, remember that coins like the 1909-S V.D.B. have historical significance that affects value. Good luck with your submission! 
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Thanks for the tip @YoungCollector! Checking auction sites sounds like a smart move. I’ll definitely do that. Did you end up submitting multiple coins, or just high-value ones?
I submitted a mix, actually! I had a couple of coins with great history but lower grades, plus some with potential. I think it helped balance out the costs! @CoinNut97, are there any specific coins you’re thinking about other than the 1909 penny?
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Hey there! It’s crucial to evaluate the rarity and demand for each coin when considering submission. Websites like US Mint can provide some insights on historical sales and values. In terms of grading, consider getting a preliminary estimate from a local coin dealer before sending them off, especially since grading fees can add up. Would love to hear if you’re considering coins from specific eras!
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Thanks for the advice @ClassicCoinGuy! I am also thinking about some early 20th-century coins, besides the penny. I’ll definitely check out the US Mint site. Have you had luck with group submissions before?
I have! Group submissions can yield great results, especially if you collectively have a good mix. I once sent in a set of Mercury dimes alongside some Buffalo nickels; it turned out beneficial with some surprises in grading. Just be sure everyone in the group is coordinated regarding payment and submission timelines to avoid complications. Good luck! 
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Coin collecting is all about having fun! Don’t stress too much about the grades, just enjoy the process. Plus, it seems like you might have a real gem on your hands with that 1909-S! If you’re hesitant, maybe try sending one or two coins first, then see how it goes. What do you think? 
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@CoinLover22, that’s a good idea! Starting small might make it easier to evaluate the whole process. I just want to make sure I don’t miss an opportunity if these coins are worth more than I think.
Why did the coin break up with the penny? Because it found someone way more valuable! 
Seriously though, good luck @CoinNut97! Remember to check those price guides as well!
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