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yuengling101
Valued Member
United States
230 Posts
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Well I am kinda new to coin collecting, been collecting for about a year now. Im at a point were I got a handfull of nice coins I would like to send out to get graded.I know theres Anacs and Ncg, but who is the best, what yearly plan would be best for some one who only plans to send about 10 coins a year in. I dont know any thing about the process, and when I looked at there websites it looks like I need to become a member before I find the stuff out. I could use all the help I can get.
Thank you
Ron
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Pillar Of The Community
United States
2544 Posts |
Ron, For low volume I'd recommend ANACs because there is no membership fee. Both PCGS and NGC will get you for $50 right off the top. As far as reputation is concerned, PCGS leads the pack and is followed in order by NGC, ANACs and ICG. I wouldn't recommend any but these four. You don't have to be a member to submit to PCGS if you can find a dealer with a membership willing to submit for you. I've found this to be a big hassle and of course the dealer will add a surcharge to cover their costs. Finally, the decision will boil down to what you want. If you are building a collection and someday may want to compete in the PCGS registry, use PCGS. If you have some coins that you just want a reputable grade on so that their liquidity increases (future intent to sell), use ANACs. If it's an extremely rare, high-value item ... use PCGS. So many coins, so little time ...
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Valued Member
Greece
402 Posts |
if you register in ngc in the premier level you pay 140$ but you receive a coupon for five free submission.So you get your money back.Found ngc easy to use.Also I send coins to PCGS through a dealer but the get expensive as you must submit all coins prior 1950 to secure plus submission. |
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Valued Member
United States
230 Posts |
Quote:
If you have some coins that you just want a reputable grade on so that their liquidity increases (future intent to sell), use ANACs Thats what I was looking for, so it looks like I need to do look into ANACs thank you both for your help
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Pillar Of The Community
United States
4241 Posts |
If you are not submitting anything of very high value, ANACS would be the way to go. ANACS often have specials, so look out for those. For the past two years they have had a special in the fall where you can submit 10 coins for $100 with free return shipping. Also check to see if there are any local shows they are attending and you can submit there thus saving on shipping.
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Rest in Peace
United States
9104 Posts |
I miss having ANACs 40 miles up the road. You could get preliminary opinions without paying, and pick up your coins in a week.
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Valued Member
United States
363 Posts |
I would never send a coin to ANACS, their graded coins sell well off NCG or PCGS prices for slabs. PCGS for US copper, NGC for everything else. |
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Rest in Peace
United States
9104 Posts |
I've always been happy with the money I've gotten from ANACS slabs.
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Pillar Of The Community
United States
2268 Posts |
Hi Ron,
Just curious, what specific coins are you considering to send off to be graded?
There really isn't a reason to send them to be graded, unless you want to sell them. Dealers do it, since they know they can sell them quicker, when slabbed. Plus if the dealer feels they can get a high grade on them, it'll help support their grading opinion to get the big bucks on the coin.
Wes
Edited by wquinn
01/17/2012 08:57 am
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Valued Member
United States
230 Posts |
First off sorry for being late to respond, I am only interested in selling non silver/gold coins so I can purchace more silver/gold coins. I have a handfull of coins I either aquired or got at great prices and I feel if I pay to get them graded I could make a great profit.
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Pillar Of The Community
United States
3859 Posts |
The PCGS Platinum membership gives you 8 "free" submissions for your annual membership fee which I think has been $199. You still have to pay for shipping both ways but if you have 8 or more coins to submit this is the cheapest way to obtain PCGS certification. The membership entitles you to full PCGS website access and periodic grading specials so overall it's a fair deal. |
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Valued Member
Malta
54 Posts |
PCGS is a very good company
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Pillar Of The Community
United States
2268 Posts |
So it sounds like you want to slab clad or copper coins? Are they in a high grade?
If you can list them, along with what you think they grade, we can help tell you if they are worthwhile to slab or not.
Also, it can cost like $20 or more per coin (plus any membership costs), with the cost of round trip shipping, so it eats up some profit. So you have to know how much you paid for it and how much you could sell it. If it is less than $20 per coin, you'll end up losing money.
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Rest in Peace
United States
9104 Posts |
Quote:
So you have to know how much you paid for it and how much you could sell it. If it is less than $20 per coin, you'll end up losing money. If it is less than $30 more than you can get for the coin raw, you lose.
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Pillar Of The Community
United States
2529 Posts |
I'd say if you are looking to resale the coins after grading, and they have values over $300 go with PCGS, ANACS for anything else. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman ANA Life Member #3288 in good standing since 1982 • 2¢ variety collector. |
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Valued Member
United States
176 Posts |
I don't want to hijack this thread but I'm thinking of getting some coins graded as well. Reading PCGS I see when you join the Platinum for instance , you get so many submissions free. Are there any other fees attached? Looking at the site it was a little confusing. Thanks |
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Posted 01/11/2012 8:33 pm
