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Slabbing Coins

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Author Previous TopicReplies: 7 / Views: 1,039Next Topic  
Pillar of the Community
cpfull's Avatar
United States
603 Posts
 Posted 01/22/2007  09:46 am Show Profile   Bookmark this topic Add cpfull to your friends list Get a Link to this Message Number of Subscribers
I did a quick search and could not find much about this. When you send a coin to be graded, what is the cost, and are there limits to what they will grade? I don't have anything that needs this service yet,except for sentimental coins, but I do have a 61 proof halve that I may think about if I remove it from the mylar it came in. Or is that something I should not do? Another question as well, I assumed proof coins would be valued higher than MS coins, but the RedBook has the MS65 at 5 1/2 times the Pf65, so what don't I know about this yet
Valued Member
coffeecup57's Avatar
United States
146 Posts
 Posted 01/22/2007  11:32 am  Show Profile   Bookmark this reply Add coffeecup57 to your friends list Get a Link to this Reply
cpfull,

Slabing a coin can be a very costly proposition.

Links below will give you idea.First two are for PCGS.
You have to be a member(1st link) to submit directly and
they hve raised cost across the board.If you have a local
dealer that is a member,he or she can submit for you.Some
will some won't.
http://www.pcgs.com/join/index.chtml
http://www.pcgs.com/grading_list.chtml

Link below is for ANACS cost of services:
http://www.anacs.com/Default.aspx?Page=3
You do not have to be a member of ANACS to submit
directly.

Do not know much about NGC,except I know at one time
you had to be a member to submit directly.

Also remember that the cost you see on the websites
do not include shipping and insurance both ways.

I could go on and on but would be to lenghty for the boards.

hope this helps
RW






Pillar of the Community
Metalman's Avatar
United States
7123 Posts
 Posted 01/22/2007  11:33 am  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
Hi cpfull

Proof coins in most case do not carry the value of the Business strike coins due simply to the fact of how they are struck IE specially prepared dies,higher striking pressures,and multiple strikes and special handling after the strike

while business strike coins are struck from standard dies, lower pressures, and one strike, with no special handling after being struck(in fact in most cases they drop into a huge bin moved by fork lift, and dumped several times before being placed into circulation,, even the coins which go in the mint sets get no special handling ) all of the equates to business strike coins over all being harder to find truely great examples of .


NGC and PCGS require that you join their club in order to submit coins to them ,, Anacs does not ,, the fee's vary to some degree by what services you want ,,and by the date of the coin.

As for the 61 proof ,, unless the coin is above average for a proof coin (cameo or D-cam) and will make that designation when slabbed there is no value in having it graded and slabbed IMO.

Metalman

Pillar of the Community
AuldFartte's Avatar
United States
830 Posts
 Posted 01/22/2007  11:47 am  Show Profile   Bookmark this reply Add AuldFartte to your friends list Get a Link to this Reply
ANA members can submit directly to NGC.

Valued Member
ClearwaterCoins's Avatar
United States
177 Posts
 Posted 01/22/2007  12:17 pm  Show Profile   Bookmark this reply Add ClearwaterCoins to your friends list Get a Link to this Reply
If you vist the grading services website they will have a list of their fee's along with a list of what coins they will and will not grade. This will vary from service to service. The value of a coin depends alot on how many coins where minted.
Valued Member
United States
288 Posts
 Posted 01/22/2007  2:24 pm  Show Profile   Bookmark this reply Add gusp to your friends list Get a Link to this Reply
If you chose to Slab your coin, You should also prepare to bury them. Only seems fitting. The TPGS make way too many mistakes in grading to be taking seriously. Imagine if your Doctors only got it right that often! Very few coins are worth slabbing. And then only as to keep them from future damage. It doesn't make me angry when the TPGS mistakingly bodybag or undergrade the coins that I send in so much as they dont get them into the plastic which is why I send them in in the first place. I do not need them to tell me the grade, nor generally, the authenticity of my coins. 50 years as a collector does that to a person. As to protecting the coins themselves, lately I use market available hard plastic holders. If ya really need somebody elses opinion as to grade, then by all means slab away. You will learn a great many things. After one of your coins MAKES, check out the price guides. Then, Try to sell it for the listed money advertised. This will help you to determinine if you should bother to slab. At least for grading purposes. Good luck... Gusp
Valued Member
SteveG's Avatar
United States
111 Posts
 Posted 01/22/2007  4:52 pm  Show Profile   Bookmark this reply Add SteveG to your friends list Get a Link to this Reply
NGC also takes direct submissions from ebay members.

http://www.ngccoin.com/ebay_ngcvalue.cfm

Call around, I'm sure you can find a dealer who will be happy to submit to PCGS and NGC for you.
Bedrock of the Community
United States
20753 Posts
 Posted 01/22/2007  6:42 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
If you plan on selling a certain coin and if it is worth less than $50 I suggest you don't bother getting it graded. You'ld end up selling it for about $60 at best and the cost of the grading would mean you just blew a few dollars. I've seen many slabbed coins at coin shows that are selling for $5 to $25 and the coins are only worth $5 to $25. Makes no CENTS to me.
If your planning on keeping the coins, then again, what is the prupose of having them graded and slabbed. Use the money to buy coins instead or if you have just to much money and don't know what to do with it, send it to me.
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