| Author |
 Replies: 26 / Views: 6,867 |
Page 2 of 2
|
|
|
|
Pillar of the Community
United States
817 Posts |
I have a limited experience with TPGs, and not at all satisfying. I joined what most people would call the top TPG. I submitted my 8 complimentary (according to the TPG) coins hopping for great things. About 3 weeks later my coins came back. Half of the coins were graded half were in genuine holders. The half that were graded were graded low enough not to be of significant value. The coins that would have value at any grade were all in the genuine holders. I am no expert (drip under pressure) but I have seen similar stories on this forum.  |
|
Valued Member
 United States
82 Posts |
Las_Vegas_Larry .... Thanks for the 'heads-up'. Forewarned is forearmed - at least there is a great community here that is willing to give good feedback and advice, as well as share knowledge. This is a great place to get a second opinion and sometimes first.
|
|
Bedrock of the Community
United States
14454 Posts |
when I first started collecting Morgans I joined NGC and just knew I had some of the highest grade coins they had ever seen, well I was disappointed also when I got my package back. I was lucky that none of mine were cleaned or damaged but the highest one I had was a 1882-O/S that was graded AU-58PL. Since then I have learned allot and can now see the coins I submitted wasn't worth the postage really but it takes time to learn to grade and I just take it as a learning experience. We get new collectors on here all the time with the same attitude I had thinking their coins are as high as MS-67 when in fact they are maybe AU, some of these are in bottom tiered slabs that are graded real high and the person overpaid for the coin which is hard to tell them but that is what we are here for and hopefully it will not leave a bad taste in their mouth about the whole hobby and they will learn from their mistakes or come here in time to return the coins to get a refund. Sometimes its not the case and they have no desire to keep collecting after they are told their priceless gem they thought they had is just a common coin in common condition
|
|
Valued Member
United States
82 Posts |
Hello Bryan,
I know very well of what you speak and thank you for your foresight. Fortunately, I'm not here as a coin collector. When I was a kid, I had a penny collection. The newest one in the old blue tri-fold book was 1958 (it's been a while). However, I do collect Japanese watercolors and prints - and potteries and porcelains, etc. - and I have had the very same experiences, both when I first started (of course, mine were the best) and later, when I began selling parts of my collection and extras that I acquired for resale (you can tell folks that there are better or older but you can't make them listen). Quite frankly, I'm here because I'm executrix for the folks estate and wish to learn what I can so I can be fair to the family and to whoever may end up buying the coins. I'll get the gold and quite probably a few others graded and certified out of fairness to all concerned. Not being a collector and not knowing a lot about modern grading and such is a challenge, but I'm a quick study and will give it a good run for the money. Again, thank you for the thought.
Edited by christopher walton
01/20/2011 11:22 pm
|
|
Bedrock of the Community
United States
10982 Posts |
Quote:
I kept hearing "high end coin" but was never quite sure in what context it was meant.
I just use $100 as a cut off point. If the coin's valued under $100, I don't even consider submitting it to a TPG. |
|
Bedrock of the Community
United States
14454 Posts |
Quote:I just use $100 as a cut off point. If the coin's valued under $100, I don't even consider submitting it to a TPG. I totally agree, I have always felt if the coin was worth less than 100.00 it wasn't worth the price you had to pay to send it to get graded and the time it takes to do so. Now looking at some of the coins that is sent in to be graded I sometimes think I am in the minority instead of the majority because I have seen allot of coins in slabs that I would never waist my time doing so. I can only imagine they were hoping for some super high grade when they did so just as I thought when I first started out and sent in my first submission. I have seen some graded coins sell for under 10 bucks and I don't know even if they submitted a large number of coins how they could justify that as far as price wise |
|
Pillar of the Community
United States
709 Posts |
Quote: I have a limited experience with third party grading companies, and not at all satisfying. I joined what most people would call the top TPG. I submitted my 8 complimentary (according to the TPG) coins hopping for great things. About 3 weeks later my coins came back. Half of the coins were graded half were in genuine holders. The half that were graded were graded low enough not to be of significant value. The coins that would have value at any grade were all in the genuine holders. There are several reasons for this. (1) Each third party grading company uses THEIR own grading standards.(2) People submitting coins need to be able to grade accurately. (3) They need to be able to grade to the third party grading company they are submitting to. |
|
Valued Member
United States
287 Posts |
PCGS is likely the most consistant and strict
NGC is just behind, but my favorite as I prefer their slabs
ANACS is nice in that they will slab "problem" coins instead of just send them back...cleaned, artificially toned, etc should be slabbed by them unless policy has changed
I dont know about the rest
|
|
Pillar of the Community
United States
709 Posts |
I only use PCGS. I have submitted over four hundred raw Morgan dollars over the course of seven years. I had only seven come back with issues. Three of these were last year. The best advise I would give to someone is learn to grade to the third party grading company you wish to use. |
|
Pillar of the Community
United States
2757 Posts |
Each company has their strengths (useless trivia of the day: strengths is the longest one syllable word in the English language!) and weaknesses.
I like NGC and PCGS for my coins over $500, where a slight difference in resale value makes it worth it to have it slabbed from one of these companies. I do have some very rare coins with errors on them - with about 30 estimated to survive, worth just $50, that I do like to get slabbed.
I strongly prefer ANACS for error coins. Their determinations are very well respected & they do the job right, and are much more accessible to the average collector than the other two companies.
So, it partially depends on what kind of coins you'll be getting slabbed.
Edited by robbudo
01/23/2011 08:07 am
|
|
Pillar of the Community
United States
2757 Posts |
If you're in the market to sell the coins, take pictures BEFORE you send them away. pictures won't always turn out the same when they are in a plastic slab that relfects light and will eventually have scuffs on them. Study the coins hard before you send them in, try to come up with a grade. There is a bit of a learning curve with submitting coins - that is, will some come back cleaned or damaged? spending some time with them before you submit, then comparing your notes with the actual grade you get from them will put you in a more informed position with the next set you submit.
|
|
Valued Member
United States
82 Posts |
Bherring & Bryan .... Yes, setting an amount where the return is still worth the investment is a good idea (writing it on the list) and $100 seems to be a good place.
robbudo .... I wish I had the time to invest in learning to grade coins, however, I've had 'recoginition and retention issues' in recent years and it now takes a lot more time and effort for me to learn well and properly and also retain the information so I have to depend more on others nowadays. Your words are wise and an example of why I feel I can depend on the opinions of the folks here. Thank you for posting.
|
|
Valued Member
United States
460 Posts |
How about gold coins like a 1853 $1 and $2.50. They are in the $350 to $450 range. For these type which do you guys prefer?
|
|
Bedrock of the Community
United States
10982 Posts |
Quote:
How about gold coins like a 1853 $1 and $2.50. They are in the $350 to $450 range. For these type which do you guys prefer?
Both PCGS and NGC are fine for these with a slight edge to PCGS. ANACS and ICG will do if determining authenticity is the goal. |
|
Pillar of the Community
United States
1348 Posts |
whata re the cost differences between PCGS and NGC?
|
|
Page 2 of 2
|
Replies: 26 / Views: 6,867 |
Page 2 of 2
|
First Page
Posted 01/20/2011 2:26 pm
