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Gold Coin Valuations

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Pillar of the Community
United States
802 Posts
 Posted 04/07/2021  12:56 pm  Show Profile   Bookmark this reply Add wrestling_135 to your friends list Get a Link to this Reply
If a coin is in that plastic holder, it is considered "graded". There are a variety of grading companies. PCGS and NGC are the top two grading companies and those coins come at a significant premium. Someone has to pay to first verify they are real coins (not counterfeits - there are many of those) and then give a grading of the condition of the coin.

You would be looking more to the "raw" coins that are loose or in 2x2 cardboard holders like yours. They are ungraded and unverified.
New Member
United States
26 Posts
 Posted 04/07/2021  1:08 pm  Show Profile   Bookmark this reply Add testerc to your friends list Get a Link to this Reply
So I should look into getting my coins graded if I want a premium price, right? Subjectively, the $20 gold coin that I have seems to be in better (aesthetic) condition than the one on ebay but I'm sure I'm not evaluating all of the features/characteristics that the grading companies would.
Pillar of the Community
United States
802 Posts
 Posted 04/07/2021  1:13 pm  Show Profile   Bookmark this reply Add wrestling_135 to your friends list Get a Link to this Reply
It depends on what your end game is. There is a cost to certify and grade coins. It varies on the value of the coin, grading company, number of coins, etc. You will have to pay shipping and will also want to pay insurance for your coins in case they get lost in the mail, etc. If you just want to get rid of them and get a good price, you could sell them as to a trusted person or community. If you want to keep them, certifying and grading is a great option also. Again, depends on what your end goal is.
Pillar of the Community
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United States
1709 Posts
 Posted 04/07/2021  7:42 pm  Show Profile   Bookmark this reply Add jfransch to your friends list Get a Link to this Reply
Just to clarify, you do not need to be a member to attend a local coin club meeting. Find out if there is a local club, reach out and ask if you can come to a meeting as a visitor. Bring your coins to show them and you will gain a tremendous amount of information about the coins, about their value and about the best way to sell them. This is assuming they are meeting in person, a zoom meeting will not be the same.
"Suppose you were an idiot, and suppose you were a member of Congress. But I repeat myself."
-Mark Twain
New Member
United States
26 Posts
 Posted 04/07/2021  8:22 pm  Show Profile   Bookmark this reply Add testerc to your friends list Get a Link to this Reply
I live in Iowa and I see that the Iowa chapter of the American Numismatic Association is having coin shows in Iowa. Would I be able to get the coins graded there?

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United States
4584 Posts
 Posted 04/07/2021  9:33 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
If NGC and PCGS have a booth there, you can join to become a member to either one of them to submit your coins, you save one way shipping.

The Mercury Dimes Specialist!
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Valued Member
United States
99 Posts
 Posted 04/08/2021  11:40 am  Show Profile   Bookmark this reply Add JohnH4444 to your friends list Get a Link to this Reply
Kinda intruding in here but the 10 dollar 1895 s is actually not that bad of a date at only 49000 minted, and PCGS has graded only 23 of them at MS 60 or higher. Definitely worth sending in
New Member
United States
26 Posts
 Posted 04/08/2021  12:07 pm  Show Profile   Bookmark this reply Add testerc to your friends list Get a Link to this Reply
I've been trying to contact the local/area coin clubs and they must have dismantled due to COVID because I can't get a reply. I was hoping they could give me advice on grading but it looks like I'll keep reading the PCGS site to learn more about the process.

New Member
United States
26 Posts
 Posted 04/08/2021  2:58 pm  Show Profile   Bookmark this reply Add testerc to your friends list Get a Link to this Reply
How can I verify that a couple of these coins that have an "S" written on the cardboard holder is correct regarding it coming from the San Francisco mint? I don't see an "S" on the coin itself.

EDIT: I found the "S" on the reverse side of the coin just above the "N" in "TEN".

Edited by testerc
04/08/2021 3:00 pm
Pillar of the Community
United States
802 Posts
 Posted 04/08/2021  3:52 pm  Show Profile   Bookmark this reply Add wrestling_135 to your friends list Get a Link to this Reply
I looked at your pictures and I believe I see the S below the shield under the eagle and above the letter "N" in Twenty.
New Member
United States
26 Posts
 Posted 04/08/2021  5:26 pm  Show Profile   Bookmark this reply Add testerc to your friends list Get a Link to this Reply
Why don't all of the coins have the letter for their mint location?
Pillar of the Community
United States
802 Posts
 Posted 04/08/2021  5:40 pm  Show Profile   Bookmark this reply Add wrestling_135 to your friends list Get a Link to this Reply
The mint mark indicates where it was minted. Usually S for San Francisco, D for Denver or P for Philadelphia. Sometimes there is a default and it week only have a P and the D is assumed.

There is a lot of variation depending on denomination and time period.
Pillar of the Community
United States
3794 Posts
 Posted 04/08/2021  7:48 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
If your intentions are to sell, it is probably best to get them authenticated. I am told NGC and PCGS are experiencing long delays, so for simple coins like these, ANACS is probably your best bet in terms of lowest cost and meeting the purpose (but I have not heard what the turnaround times are). I also suggest you take images of your coins, properly rotate them, and post directly on this forum. It would take about 5 minutes. I could do that for you, but it's your post not mine.
Edited by jimbucks
04/08/2021 7:48 pm
New Member
United States
26 Posts
 Posted 04/08/2021  8:02 pm  Show Profile   Bookmark this reply Add testerc to your friends list Get a Link to this Reply
Are NGC, PCGS, and ANACS all considered 'equal' by buyers regarding the accuracy of their grading?

What do you consider a "long delay"? Months?
Bedrock of the Community
Australia
18357 Posts
 Posted 04/08/2021  9:03 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
All gold coins have two component values that make up the total value:-
1. The actual net gold value
plus
2. The numismatic value premium value above the gold value.
Unless the gold coin is extremely rare, then the gold value is only an insignificant part of the total value.

Because the price of gold can vary greatly, it is essential that both component values are assessed accurately at the time of sale/purchase.
A long delay for a slab grading just makes the pricing more difficult. Best if they are slabbed months or even years beforehand.
With a top level professional auction house, that is not a problem, slabbed or not.
Edited by sel_69l
04/09/2021 07:04 am
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