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 Replies: 13 / Views: 3,442 |
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New Member
United States
9 Posts |
Hey, all. New to this forum amd coin collecting in general so apologies if this isn't in the right spot or has been answered a million times. What I'm wondering is how necessary or beneficial it is for me to have my coins graded and which entity I should go about doing so with if that is something I should consider. At the moment, I don't believe I have much worthy of getting graded (with the possible exception of a rare Canadian coin I have) but even then I'm not sure what criteria I should be looking at when deciding whether or not to send it in for grading.
Many thanks for any insight ya'll can share with me!
Editing to add all of my coins are US modern coins excluding the previously mentioned Canadian coin that just kind of fell into my lap
:) Edited by Jikol
11/09/2017 3:31 pm
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Pillar of the Community
United States
992 Posts |
Grading is expensive enough the criteria should be, and are :
Grade coins that are classic, in nice condition, and have a certain scarcity.
Grade coins that are Mint State, unless common minors.
Grade coins that will return the cost of grading, and more.
Grade coins that are in demand by collectors.
Do not grade coins that are common, except in high grades.
Do not grade coins that will not return the cost.
Do not grade coins that no one wants.
Do not grade coins minted after 1965, subject to above rules.
With the above in mind, your one Canadian coin is probably the only coin you want to submit for grading, it's up to you to honestly look at your collection and decide what to grade. You can spend a lot of money for no return if you don't do your homework.
Edited by paxbrit
11/09/2017 3:37 pm
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Rest in Peace
United States
17900 Posts |
I have a minimum value of $300 before NGC. PCGS is just as good, I just have a long relationship with NGC.
ANACS isn't quite as well respected, but they are less expensive.
If you have a certified dealer near you, ask them for help.
The more coins you submit together the less expensive it is per coin because of postage and submission fees.
Go directly to the PCGS or NGC for complete submission instructions.
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New Member
 United States
9 Posts |
Awesome just what I was needing to know. Thank you both very much! I'll hold off on the grading for now, but good to know what I'm looking for and where to go when/if the time comes.
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Bedrock of the Community
United States
94367 Posts |
Good luck, and by all means go to a reputable coin shop for advice and submissions.  to the CCF! |
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Bedrock of the Community
 United States
12813 Posts |
What these guys said. to CCF! |
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Pillar of the Community
United States
4211 Posts |
to the community~!! |
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Pillar of the Community
United States
3463 Posts |
to the forum! Take some time to learn about grading coins yourself. That way, you will know more about what is worth sending in to get slabbed. Learn to recognize higher grade coins, the ones that will more likely carry a premium. |
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Pillar of the Community
United States
1479 Posts |
Good advice from the forum. As a buyer I simply won't buy or pay competitive dollar on an unslabbed variety. Learned hard, fast, and dirty when I offered the big 3 key wheatcent dates. Thankfully all came back genuine problem free but in all 3 they graded one full grade down. On the 1922 no D die 2 that was $200 down, the 1914 D $70.00 and the 1909 S vdb another $100.00. There's a big difference from fine to VG10. and a high hurdle to VF. That $370 poor uninformed judgment plus slab fee, mail etc. put me over $440.00 I'm lucky and consider that a lesson. Learn all you can about one issue or denomination there's a treasure trove out there free for the asking. ANAC 's gets a bum wrap, I will buy one in a second as all mine are strong and gorgeous at MS64 and rival PCGS grade for grade on cents IMO. Now if I went to sell some I would reslab them PCGS auction prices reflect this. On a positive note I have an 2006 do F'S-102 and 101, and a 1997 DDO F'S 101 all graded 64 Red by ANACS that are awesome and purchased at 40% book. My method is buy ANAC, sell PCGS. NGC I don't have enough of their slabs for an opinion. |
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New Member
United States
41 Posts |
I'd like to ask a followup question based on someone reply. They stated
"ANACS isn't quite as well respected, but they are less expensive."
But when I read articles online about grading etcetera, they say that ANACS is the first grading company AND that they consistently grade coins and give reasons for the grading, where NGC and PCGS do not.
A lot of them actually say to purchase ANACS coins and even the MS69 rated coins, if sent to PCGS are likely to be graded at MS70 and it is a good way to make money.
So why is ANACS not touted as good as the others when it sounds like they grade better than the others? Is it because they don't charge a membership to submit coins for grading or something?
Just curious!
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Pillar of the Community
Canada
586 Posts |
Don't think this is the issue with ANACS, but I know a lot of the cheaper grading companies are one man shows and when the person decides that the no longer want to grade coins, that grading company closes and your graded coin losses its merit. With ANACS, I believe its purely just being out marketed by the top companies and if you get a PCGS or NGC graded coin, it resonates with every level coin collector thus brooding your potential selling pool.
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Bedrock of the Community
13014 Posts |
Quote:
But when I read articles online about grading etcetera, they say that ANACS is the first grading company AND that they consistently grade coins and give reasons for the grading, where NGC and PCGS do not.
A lot of them actually say to purchase ANACS coins and even the MS69 rated coins, if sent to PCGS are likely to be graded at MS70 and it is a good way to make money.
So why is ANACS not touted as good as the others when it sounds like they grade better than the others? Is it because they don't charge a membership to submit coins for grading or something? ANACS is the first company in name only. They have been bought and sold several time. PCGS and NGC are much older under the same leadership/ownership groups. As far as what you've been reading with those stories online they were worth what you paid for them, nothing. Some people just really dislike PCGS and NGC especially PCGS and talk them down. Others try and tout that their ANACS coins should sell for the same price when the market has shown time and time again they almost never will. ANACS is fine for cheap coins, they have a niche in that area with their cheap grading specials. On valuable coins though you will lose more in resale than you save on grading fees by using them. |
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Bedrock of the Community
Canada
24885 Posts |
To the Forum. |
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Pillar of the Community
Canada
5239 Posts |
Quote:
What I'm wondering is how necessary or beneficial it is for me to have my coins graded It is not necessary at all unless you have short term plans to sell it, and those other criteria hold true. Graded (slabbed) coins often sell for more and are easier to sell via eCommerce as the buyer has more confidence. Edited by oriole
11/15/2017 4:16 pm
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Replies: 13 / Views: 3,442 |
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Posted 11/09/2017 3:34 pm
