Puffer Fish with many spikes
Join Date: Aug 2018
Location: Central North Carolina
Some great advice here. Getting a coin graded is not always a good idea. If the coin is worth $200 and you spend another $100 to get it graded. It's not automatically now worth $300. It's still esentially a $200 coin, it just makes it easier to trade or sell it. Especially online where the buyer doesn't have the opportunity to inspect the coin in person.
Also, grading is a very subjective thing, even at the best grading services. Especially when you get up to the MS grade coins. There's a chance that the coin comes back graded lower than what you figured which can turn a $200 coin to a $50 coin.
The one plus side is that getting the coin graded isn't a back-breaking expense. Let's be honest here. Most of the members of Puff smoke $100's of dollars of tobacco products monthly. Grading the coin can also help him learn about grading and it does add a little bit of cool to have one of your favorite coins inspected, graded, tagged and displayed in a nice box.
Sometimes coin shops will send your coin in to have it graded along with their submissions. They obviously charge for this service. But it may be cheaper than joining one of the services if you only have one coin to submit.