Coin Grading - Coin Community Forum

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Author	Replies: 5 / Views: 1,598
drstrange1988 New Member United States 20 Posts	Posted 12/05/2012 4:35 pm How does getting a coin graded by NGC or PCGS work? Isn't it like a minimum of 30 dollars a coin so how can people sell on ebay grades coins for under that on ebay? * Moved by Staff to a more appropriate forum. * Report this Post to the Staff

CoinsKelly Pillar of the Community United States 3453 Posts	Posted 12/05/2012 4:59 pm There are a couple of ways you could do it for PCGS - buy a membership and submit for yourself (cost of grading plus membership) or have a shop/dealer submit when they send in a group. The cost is varying if you want to have it attributed so the best way to look is check out their site, http://www.pcgs.com but it is more than $30. I have no idea what the dealers pay for bulk. Not sure about NCG and assume people on ebay have not submitted them themselves but acquired them after they have been slabbed so they did not pay themselves. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 12/05/2012 5:18 pm It depends on what the coin is for costs. A single coin is more like 50 but the more coins you submit the cheaper it is per coin. Regardless of that though if the coin doesn't grade well it doesn't grade well and thats what the market is for it when it comes to prices. If you send in 100 for bulk orders it goes down to around 10 a coin where for moderns the perfect 70s will pay for the money lost on the 69s and lower and then some Report this Post to the Staff
fioti Pillar of the Community United States 4212 Posts	Posted 12/05/2012 10:09 pm I know cheapslabs has an under $11 catagory. Report this Post to the Staff
D0ubl3Eagle Pillar of the Community United States 5854 Posts	Posted 12/05/2012 10:55 pm Basebal21 has pretty much said it. For the last fiscal year, PCGS has reported certifying coins for as low as $5/coin and an average of $14.89/coin Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 12/05/2012 11:13 pm On bulk submissions, PCGS will allow you to pay for only those coins that make your specified minimum grade. An established number of coins must make the specified minimum grade or you'll end up paying for some that don't get holdered. As basebal21 noted, the minimum price ends up being around $10/coin from what I understand also. That's not $10/coin submitted, that's $10/coin holdered in a PCGS slab. ANA #R3154474 Report this Post to the Staff
	Replies: 5 / Views: 1,598

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All Forums Category: General Numismatic Forums Forum: Third Party Coin Grading (TPG): PCGS, NGC, ANACS, ICG, ETC.

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