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Questions Regarding Grading

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Valued Member

United States
117 Posts
 Posted 03/05/2007  6:30 pm Show Profile   Bookmark this topic Add pennybright to your friends list Get a Link to this Message Number of Subscribers
Okay - I guess I have to step to the next level...Grading services..
From what I have seen, this is pretty pricey, as well as involved, since you have to pay to belong to clubs to even have access to grading services that are reliable.
Cost being an issue (see my cat), and living in a really small hick town that has no numismatic resources - how can just an ordinary person have a coin attributed?
Thanks in advance for your time in sharing...
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/05/2007  7:29 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Coin grading is pricey, however you look at it. So, there's a cost-benefit analysis that has to happen each time you decide whether or not to get a coin graded - will the final value warrant the grading? Is the coin of a type which the potential buyer would want to see authenticated by a reputable company?

ANACS accepts direct submissions from the public. NGC is cheaper/more cost-effective to join (the free grades for a first-time member, and the free graded coin they give you, balance out the cost of joining). They also allow ANA members to submit, if you were thinking of joining the ANA.

PCGS coins generally carry the highest resale value, but PCGS is the most expensive to join. You can submit to them through a dealer, or find someone at your friendly neighborhood forum who's already a member, to piggyback a submission.
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AuldFartte's Avatar
United States
830 Posts
 Posted 03/06/2007  10:59 am  Show Profile   Bookmark this reply Add AuldFartte to your friends list Get a Link to this Reply
If you're just referring to attribution, you might post high resolution photos of the coin(s) in question right here. There are many of us who have the resources to attribute the varieties of many series of coins. I can usually attribute U.S. Half Cents, U.S. Large Cents dated 1816 and later, and Bust Half Dollars (but I'm kinda slow at that). There are other folks here that are specialists in many other types of coins that could help you in this regard.

Grading (professional encapsulation) however, is really a matter of choice and economics. If your coin is valued at less than $50 I wouldn't bother spending the fee to have it slabbed and graded, but that's just my opinion. There are people who send coins in to be professionally graded that are worth WAY less than the fee they pay for the service. Makes no sense to me.
Bedrock of the Community
United States
20753 Posts
 Posted 03/06/2007  11:53 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
For one thing you may want to try and find out if there are any other coin collectors in your area. That is difficult at times but you may want to try for a coin club by doing a search of coin clubs in Google or yahoo in your area. In a coin club there may be others that would share in grading costs by the entire club joining. Also, try for any coin shows in the general area by doing the same or going to a web site like Coin World and checking out coin shows. At a coin show you may find a dealer that lives not far from you and they may be able to help you get a decent price on a coin graded and slabbed. Then depending on your neighbors you may want to convert some into coin collectors and start your own coin club and then the entire coub could join something like PCGS.
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Metalman's Avatar
United States
7123 Posts
 Posted 03/06/2007  12:31 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
Pennybright

some of us believe that the next level is learning to grade and evaluate our own coins,, without the service of a TPG.

Metalman
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