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 Replies: 14 / Views: 1,233 |
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Valued Member
United States
111 Posts |
I have this 1877-s quarter. Some of you may have already seen this coin in another post of mine. I have heard from forum members that this coin may be graded high XF - low AU. I am thinking about sending it in to ANACS or a different grading service because I am only in the coin 40 dollars and I think it is worth significantly more than that. I have a few questions that I would like to know: 1. Is this coin worth getting grading? (Meaning that the coin will be worth more than my grading expense and $40 I already have in it after it has been graded) 2. Which services do I have the option to send it to? I believe I have seen that the you have to be a member or something to send it in to PCGS? 3. If I have more than one option, which is the best? 4. How much will it cost me, and how do I go about sending the coin in? If you have an answer to any of these questions, I would love to hear it. Thanks in advance for any replies.   |
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Bedrock of the Community
United States
10982 Posts |
I'll try to answer your questions. 1. Is this coin worth getting grading? (Meaning that the coin will be worth more than my grading expense and $40 I already have in it after it has been graded)No. It is a $60 to $80 coin (to most people) and not worth the expense of grading unless you are doing it "for fun" and not worried about the expense. 2. Which services do I have the option to send it to? I believe I have seen that the you have to be a member or something to send it in to PCGS? Anyone can submit to ANACS without a membership of any kind. If you are an ANA member then you can submit to NGC. PCGS requires a membership. Qualified dealers can submit anywhere. 3. If I have more than one option, which is the best? PCGS then NGC followed by ANACS is the generally accepted rank of TPG today. 4. How much will it cost me, and how do I go about sending the coin in? It varies. I just use a ballpark figure of $50 (which including round trip S&H) when people ask. It can be as low as $20 though. P.S. I'd grade your coin XF45. Wholesale value this date certified XF45 by PCGS/NGC is $75. You got a good deal for $40. |
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Valued Member
 United States
111 Posts |
Okay thanks. I really appreciate all the information. I wish the cost to get coins graded wasn't so high. It seems like in order for someone to be able to get a coin graded and not lose money, you have to either get a really good deal or have a really high value item.
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Pillar of the Community
United States
814 Posts |
If you are grading to sell, then go with PCGS for maximum resale value. Its you just want it graded, ANACS is the cheapest.
There is quite a price difference between XFand AU. I think this coin has shot at AU tho.
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Valued Member
United States
111 Posts |
I'm thinking I might still want to send it in to ANACS. If the coin grades XF, I might lose a little money by the time you figure in all the fees, but it could be worth the experience and thrill. If the coin comes back AU, it would be well worth sending in.
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Pillar of the Community
United States
4416 Posts |
No ... Your coin speaks for itself. IMHO, it's an eye-appealing XF-45. It'd look great in a 7070 album! Why up your cost/investment in this coin? If it was a scarce variety ... maybe.
Having collected coins for over fifty years, I long ago lost confidence in ANACS. Long story, that.
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Valued Member
United States
111 Posts |
Yeah, you are probably right. The hassle of sending it in and waiting is probably not worth it. On a different note, what exactly is a 7070 album? I have seen a lot of members talking about them but am not sure what makes them special?
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Moderator
 United States
23522 Posts |
Quote:
On a different note, what exactly is a 7070 album? I have seen a lot of members talking about them but am not sure what makes them special?
That's the model number of the "US Type Set" published by Dansco, one of the leading coin album makers. It's considered the "prototype" Type Set. |
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Valued Member
United States
111 Posts |
Oh okay. For my type set album, I have just been using Mylar coin holders in pages.
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Bedrock of the Community
13014 Posts |
Quote:
I wish the cost to get coins graded wasn't so high. It seems like in order for someone to be able to get a coin graded and not lose money, you have to either get a really good deal or have a really high value item. Theres some truth to that, the price that you were quoted for the grading is pretty accurate, but a lot of that cost is a one time fee. What I mean is if you send in 1 coin it will cost you about 50, but if you send in extras the per coin cost goes down. The 1 time 8 dollar fee for grading and then shipping to and from dives the cost of grading up a lot when sending in single coins. Unless its a real valuable coin you can make it cheaper per coin if you wait until you have at least 5 to send in and ideally youd probably like to get 10 or more done at a time to save on the shipping and handling fees |
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Valued Member
United States
111 Posts |
Yeah that makes sense. What do you mean by the one time 8 dollar fee?
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Bedrock of the Community
United States
10982 Posts |
The $8 fee is a processing charge per order. 10 coins or 1, it's $8 at PCGS provided they are submitted under the same "tier".
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Pillar of the Community
Israel
2420 Posts |
I wouldn't send the coin, unless you would like to keep it slabbed yourself.
You did fine paying 40$ for it, but it's value is not a lot higher.
I'd just keep it raw :).
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Valued Member
United States
202 Posts |
Do you belong to a local coin club? My club sends in coins together to lower the cost for everyone.
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Valued Member
United States
111 Posts |
That would be nice, but no, I don't think we have any groups in my town.
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Replies: 14 / Views: 1,233 |
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Posted 02/23/2013 8:56 pm
