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 Replies: 25 / Views: 7,516 |
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Bedrock of the Community
Australia
21786 Posts |
I would only submit a coin if the potential value was justified, and if I intended to sell it.
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Valued Member
United States
164 Posts |
Quote:
I would only submit a coin if the potential value was justified, and if I intended to sell it. It's also worth it just to keep them protected. Unless you put them away such that they will never be handled, there's always the potential to accidentally damage something. I have a lot of coins that are worth what I consider good money, and while I may not intend on selling them any time soon if ever, I'd like to have them slabbed so that if something ever did happen to me, it would be easier for my wife to liquidate everything. I'm only 38, but having totalled my car hitting some ice on a bridge made me reconsider a lot of things. I'd hate to have all of this that could be passed on only to have it sell for pennies on the dollar because I didn't put in the diligence to make it easier for someone who knows nothing about any of it. Not everything, but maybe everything over $250. Edited by chirrrs
02/07/2023 3:19 pm
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Valued Member
United States
210 Posts |
Quote:
I have a lot of coins that are worth what I consider good money, and while I may not intend on selling them any time soon if ever, I'd like to have them slabbed so that if something ever did happen to me, it would be easier for my wife to liquidate everything. I'm only 38, but having totalled my car hitting some ice on a bridge made me reconsider a lot of things. I'd hate to have all of this that could be passed on only to have it sell for pennies on the dollar because I didn't put in the diligence to make it easier for someone who knows nothing about any of it. I just sent a bunch off to PCGS for this same reason. I'm not that old but.... crap happens and the coin collection is an important legacy to me. So for things valued over $500 each, they are getting slabbed. It will take time and money but you know what, my kids can already download an app, and scan a slab and viola, they know a heck of a lot more about it than any raw coin. It was hard taking some of the coins out of old books where they've been for decades. Once I get below the $500+ tier, I think I will consider ANACS for another $250+ batch and the rest will just be bulk. Plus my kids don't really want to sit and look at the wheat pennies, they want to hold and look at some of the rarer cool coins, this will make it safer for them to do that. To get something graded or not really comes down to ease of selling if that's what you are looking for, ease of handling, or sentimental/preservation reasons. Best of luck! |
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Pillar of the Community
United States
4233 Posts |
Let's add conservation to the mix. Quote:
4. Is it a coin I plan to keep? Don't send to anyone. As others have mentioned, you could plan to keep the coins and still want to submit. I recently chose ANACS for my first submission primarily because their conservation costs $49 for up to 20 coins, and the other two charge a percent of the market value. These coins had been in the same 2x2s in probably PVC album pages for 50 years. So I wanted them conserved, better protected in slabs, and identified with a "close enough" grade so my heirs have something to go on. ANACS did a great job. I do miss the pages in the old album that are now blank, but that's just nostalgia. |
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Pillar of the Community
United States
1479 Posts |
any classic American coin with value up to 500 bucks and is a good looking better date, semi - key or key can't go wrong in an ANACS $13.00 slab. In my experience I have been able to sell and trade in a jiffy with a minimum of haggling slabbed original low grade low pop Barbers. Their's collectors I've ran into seemingly trying to chisel on every coin they inquire about take for instance a 1905 O Barber quarter in choice VG-8 ANACS holder , it's a quick sale at 50 -60 bucks for anyone who appreciates how scarce original straight grades are and knows they might look at 30 on ebay that are cleaned or damaged. ANACS takes most of the guessing game out of lower value classics and I'm very happy the way they treat me. When I buy a coin first thing I factor in is slabbing potential and cost and my rule of thumb is if its raw I offer greysheet never more - buying raw is exciting but you incur the risk of yikes "cleaned". I own very few coins with market value over 500 so for me ANACS has been my go to outfit for 5 years now. As for PCGS and NGC I buy those already slabbed with seller eating the 35 bucks and sure their top tier for those that spend big money and rightly so. I'm a bottom tier guy but I've done just fine without sending classic low grades to PCGS and NGC and doing just fine. Send in a batch of 20 total cost with shipping is about $300.00 you won't get that at PCGS I get my batches back in about 4 weeks approximately from ANACS. |
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Valued Member
United States
320 Posts |
I know this thread is a bit older, but I just wanted to pop in and than those involved in it. A few years ago I had inherited a voluminous coin collection; with a couple exceptions most was minimal value over face. Think rolls upon rolls of State Quarters. I've held on to it for sentimental reasons, lately a family member with Alzheimer's is making me reconsider. My kids aren't interested sadly, so unless I eventually have grandkids (no time soon PLEASE!) they'll ultimately end up getting turned in to the bank. How does this relate to this thread? My plan was to use those funds to grade the "good stuff".allow any heirs who are not into coins to liquidate as needed. Was debating on which service to use. This thread solidified it. ANNACS for me. Thanks! |
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Valued Member
United States
345 Posts |
Well ... having used the "top 3" TPG's, my impression is that each company depends on individuals with no verifiable accreditation. Good day, bad day ... whose to say !? The grading results of all three, as compared to my own opinion, seems to be consistent. Clearly, I need more experience in spotting some of the characteristics that lead to cleaned/whizzed/environmentally damaged grades. My experience is similar for all three of the top TPG's. |
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Valued Member
United States
164 Posts |
Quote:
I've held on to it for sentimental reasons, lately a family member with Alzheimer's is making me reconsider. My kids aren't interested sadly, so unless I eventually have grandkids (no time soon PLEASE!) they'll ultimately end up getting turned in to the bank. How does this relate to this thread? My plan was to use those funds to grade the "good stuff".allow any heirs who are not into coins to liquidate as needed. Was debating on which service to use. This thread solidified it. ANNACS for me.
Depending on how many coins you have and how much free time you have, it might be fun or even worthwhile to search them for errors and varieties before turning them in to the bank! |
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Pillar of the Community
 United States
5177 Posts |
Does anyone know if the "submission fee" NGC and PCGS charge is for each coin or for each "batch of coins" you ship?
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Pillar of the Community
United States
1763 Posts |
The $10 fee is for each different level of submission. So if you submitted to PCGS, Modern, Express and Regular, it would be $10 for each. Also true for foreign vs. US.
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Replies: 25 / Views: 7,516 |
First Page
Posted 02/07/2023 3:18 pm
