Is Duncan Keith #40 worth grading?

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Worth grading — even a PSA 9 beats raw

A Grade 9.5 Duncan Keith #40 sells for $51.00 against $1.35 raw: a $49.65 spread, 38× the ungraded price. Even a PSA 9 ($45.95) clears the raw price after an economy-tier ~$25 fee, so a near-miss still comes out ahead. Centering is the usual reason a clean copy misses the 10 — measure it before you submit.

Raw (NM): $1.35
Grade 9.5: $51.00
PSA 9: $45.95
Gem premium: 38×
As of: Sep 3, 2026

Break-even by outcome and fee

Duncan Keith #40: net result of grading versus selling raw, by outcome and fee tier
If it comes back…	Sells for	Economy / bulk (~$25.00)	Standard (~$50.00)	Express (~$150)
Gem — Grade 9.5	$51.00	+$24.65	−$0.35	−$100
PSA 9	$45.95	+$19.60	−$5.40	−$105

Net = sale price − $1.35 raw value − fee. Fee tiers are illustrative; plug your grader's current price into the calculator below.

Expected value — how often does it need to gem?

Duncan Keith #40: expected value of submitting by gem probability
Chance it gems	Expected sale	Expected net (standard fee)
25%	$47.21	−$4.14
50%	$48.48	−$2.88
75%	$49.74	−$1.61

At the standard fee this submission does not break even at any realistic gem rate unless the miss lands above the 9 price.

Full grade ladder

Raw conditions & history →

Duncan Keith #40 graded prices by company and grade
Grade	Graded
9.5	$51.00
9	$45.95

Run your own numbers

Should I pay this?

Asking priceGrading fee

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