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 Replies: 16 / Views: 2,214 |
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Valued Member
United States
286 Posts |
All:
I wanted to get information from those who have sent coins in to be graded and what their experience was. Who you sent it to; how the results compared to your expectations; cost; your recommendations. I have a few coins I may want to get graded and just wanted to here your experience.
Thanks,
John
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Pillar of the Community
United States
7840 Posts |
I have used ANACS and PCGS.
ANACS was reasonable in cost and were returned within a month. No club to join.
PCGS was more expensive and very slooooow in returning the coins (almost three months). Must be a paid member or submit your coins through an authorized dealer.
I am more inclined to use PCGS again (I normally purchase PCGS graded coins for my Registry Set) if I need to crossover a NGC or ANACS graded coin that really knocks my socks off.
I would only submit a coin that has quite a bit of value due to the expense in having it slabbed (shipping, insurance, grading, return shipping and insurance). I am certain that others will chime in.
Edited by oih82w8
07/24/2013 3:29 pm
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Valued Member
 United States
286 Posts |
Thanks, hope to see others experiences just to build a mental data base! Did you send them vian regular mail and insure them based on your expectations?
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Valued Member
United States
286 Posts |
Also, what value would you say is sufficient to be worth your cost, time, and bother?
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Pillar of the Community
United States
7840 Posts |
Registered Mail with paper filament tape is a requirement for PCGS (I dropped some off at a local coin show for ANACS) along with "your estimated value" of insurance. I am about to send in three crossovers to PCGS and it is going to run me approx. $120 (plus one variety attribution) Service Level Fee: 3 coins(s) X $20.00 Economy (Non-Gold) = $60.00 Variety Attribution: 1 coins(s) X $24.00 = $24.00 Handling Fee: $8.00 USPS: $18.95 Packaging Fee: .00 Estimated Premium Fee: $7.90 Estimated Total Charges: $118.85 Bottom line if you send in three coins without variety attribution, it would be just under $100 (if you value the coins at $300 or less (insurance purposes)), and you sent them through an authorized dealer, or you could receive a voucher for four coins if you join their Gold level membership for $129. PCGS membership info website; http://www.pcgs.com/join/index.htmlI am vain about about my collection, so yes, it is worth the bother...to me.  Edited by oih82w8
07/24/2013 3:51 pm
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Pillar of the Community
United States
2311 Posts |
I used ANACS to get my gold coin graded. I paid 305 for the coin, and I think 46 for the service. The coin is worth 350.
It has taken one month to come back. I am planning on using PCGS to get some of my classic coins graded. But I am going to look for a dealer and see if it's cheaper that way.
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Rest in Peace
United States
4078 Posts |
oih82w8, thank you. Great information.  |
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Valued Member
United States
403 Posts |
I always preferred raw coins, I like to hold them, properly, a few years ago I decided slabbed coins was the way to go, now I am going back to raw coins, should have stayed there.
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Valued Member
United States
286 Posts |
Very good information and details. What are "Variety Attribution" and "Estimated Premium Fee"? Thanks to all. Looks like value would need to be a minimum of $100 each for this to really be viable from a cost standpoint (less benefits out weight that. For example an MS65 1936D Mercury dime is worth $55, but what would the market bear? Does the fact it's not in a PCGS holder cost one $35?). What would most of you say? |
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Bedrock of the Community
13014 Posts |
I use PCGS and express mail to get the coins there. Its basically the same price as registered but its there the next day instead of a week later which lessens the turn around time. They usually get stuff done in a reasonable time but every now and then get swamped and backed up. Quote:
What are "Variety Attribution" and "Estimated Premium Fee" Variety attribution is if you want a variety noted on the label that they dont automatically do. Certain things like a type 1 or 2 ike they will automatically do but others you have to pay for. http://www.pcgs.com/varietyfaq.htmlThe Estimated Premium Fee is for cross overs. If something crosses over they charge I believe 1 percent for the new value of the coin. If you send in raw coins you dont have to worry about that fee unless its some extremely rare coin worth over 100k. http://www.pcgs.com/servicesandfees/ |
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Valued Member
United States
324 Posts |
I prefer to buy raw coins because I know how to grade. I used ANACS often and very pleased because they were accurate and best value. Those graders are well known by name, not just a big corporation with who knows who in the backroom.
But, I'm a normal collector, not a mega dealer looking for special favors on a one grade uptick.
I have used NGC on one batch with success, too. Of course, if you are slabbing $10,000 coins to sell in the Heritage auction catalog it's a different story.
Edited by BluegrassRiver
07/30/2013 10:59 pm
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Valued Member
United States
286 Posts |
Bluegrass River: What were your experiences cost wise and what minimum value would you say are viable for grading? Have you ever sold through Heritage - if so what was that experience like - what you sold (to include graded - my whom - or ungraded), what the commission were, what you realized? Thanks in advance.
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Valued Member
United States
286 Posts |
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New Member
United States
10 Posts |
I buy sometimes from HA, but I can save on shipping and insurance as I live near them and pick up coins. Basically HA charges seller and buyer a fee. Unless the coins is worth thousands you most likely will not get a good price selling. HA fees make ebay fees look cheap. Great Collections is an auction house that has managed to break into the big time and their fees currently are the lowest. They also realize that people who buy $100 coins do not want to pay $25 in shipping. So they will ship Priority Mail. |
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Pillar of the Community
United States
9792 Posts |
oih82w8 called it right in his first comment. Some dealers spend $25,000/month on PCGS grading fees alone, most are coin wholesalers looking to get upgrades, and many of us collectors have no idea there are that many coins going in from just one person. Just read a really good two part article on secure service from PCGS last night, all collectors should read: http://www.coinweek.com/coin-gradin...explanation/http://www.coinweek.com/news/more-n...rt-2-reform/Interesting commentary on this service and how PCGS is leading the way against the coin doctors of the world, let's hope it moves into all TPG's at all grading levels. The sniffer technology and photo scanning is a big step in the right direction. Some good comments about upgrades as well. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
7840 Posts |
Very informative articles. Thanks Wes! Edited by oih82w8
10/17/2013 12:56 pm
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Replies: 16 / Views: 2,214 |
Posted 07/24/2013 3:30 pm
