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 Replies: 7 / Views: 1,962 |
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Valued Member
United States
122 Posts |
I have purchased coins online that that are graded. I also went for the first time into a local coin dealer that has been around for about 30 years and purchased my first 1878 s morgan. I am excited I did it in person and for the first time as well I know I did ok.  The coin is not graded and in a 2x2 marked 63. I went on the pcgs website and if I wanted them to grade it I have two choices. one is pay a member fee in my case a silver which would be $49 plus initial fee of total $69 dollars. second I can go through authorized dealer pay them plus pcgs fee. ( dealer $15 plus $35 for pcgs grading total $50) I don't know how many coins I will be buying in person to send to pcgs. however I did do it on purpose for the experience of it all. |
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Pillar of the Community
 United States
2448 Posts |
Actually, if you do join, you'll be able get up to eight of your coins graded for free each year you're a member. I joined for that alone plus the monthly grading specials they run. Also, if you also get coin facts, you have access to a lot of information on individual coins, trends, population reports, auction results, and PCGS value. Just remember that you buy the coin and not the holder. In other words you still need to stick to your guns on coin values and be careful as to what you send to be graded. By the way, a rule of thumb value for sending a coin to a TPG for grading and encapsulation is $250. Edited by carmykle
03/26/2012 10:05 pm
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Bedrock of the Community
United States
17884 Posts |
Quote:
Actually, if you do join, you'll be able get up to eight of your coins graded for free each year you're a member. Yes but you have to join at a much higher cost level. It really is going to depend on how many coins you figure you are going to be submitting each year. If you are only going to be a few each year it doesn't make much sense to pay the extra money for the 8 "free" submissions unless you are just going to save them up until you have eight. (The eight "free" ones all have to be admitted at the same time.) |
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Bedrock of the Community
13014 Posts |
It all depends on if you plan on having any other coins graded. Sending it through the dealer is cheaper if that is the only coin you will have graded. If you will send others in it will be cheaper for you to join and do it yourself especially with modern coins and send them more than 1 at a time. I recently sent in a lot of 10 coins and it cost me about 20 dollars per coin including the cost of shipping and their shipping it back.
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Moderator
 United States
23522 Posts |
The cost of grading an MS63 1878-S is equal to the value of the coin. Is this good math?
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Pillar of the Community
United States
1151 Posts |
Or just send to ANACS without a membership...
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Pillar of the Community
United States
684 Posts |
PCGS for US coins. NGC for international. I would never send anything to ANACS. If you know a dealer who gets coins slabbed, ask them to submit your coin(s). If you have an ANACS coin you want to cross, crack it out and submit raw. The ANACS slab will have subjective negative impact on grade. I join PCGS or NGC for a year when I have a dozen or so coins I want to entomb. Which service depends on the country. |
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Moderator
United States
23522 Posts |
Quote:PCGS for US coins. NGC for international. I would never send anything to ANACS. If you know a dealer who gets coins slabbed, ask them to submit your coin(s). If you have an ANACS coin you want to cross, crack it out and submit raw. The ANACS slab will have subjective negative impact on grade. I would not send a Morgan dollar to anyone but ANACS, and NGC couldn't pay me to grade one of my coins. |
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Replies: 7 / Views: 1,962 |
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Posted 03/27/2012 9:43 pm
