I don't really collect basketball, but if the 1957 set is in that good of condition, I think you did the right thing getting it all graded. That will certainly make the set more valuable. I'm looking at the same thing now for my baseball. I would advise to get any very nice condition star cards graded. It will pay off, especially if you sell on ebay. You could play the game of looking at the population reports (if you do PSA), and try to submit any card you have in high grade that has a very low population of high grade examples. You might be surprised at what you can get for some of those cards. But it seems too cost prohibitive to grade everything unless you have deep pockets. Getting commons graded would be worth it for rare sets/series, but in general I don't really believe you end up making enough extra money on getting all the commons graded.
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