We Have About 200+ NNC Slabbed Coins, What Would You Do?

I am located in Fayetteville Arkansas, I don't know if there any Coin Community Members located near by that I can show the coins to for a more informed opinion.

I am working on taking some photos today. Should be up tomorrow.

Osprey- perhaps a post replying to a newbie who has inherited a bunch of coins slabbed by NNC isn't the best place for sarcasm... since nobody has come out and DIRECTLY said it:

Rich-

Short answer: No. If the coins are worth sending to PCGS or NGC, send them in the NNC slabs. PCGS/NCG will remove the coins from the slab before beginning the grading process and they are better at doing so than you or I.

Now continuing:

A very rough rule of thumb is that a coin needs to be worth at least $200 to be 'worth' slabbing, since you will pay at least $18 (NGC) plus shipping and insurance per coin (both ways). So 5 coins each worth $200 works out to about $28 per coin in fees (NNC's charges total 12.95/coin from their website). The additional value from the TPG's certification needs to cover that. (Or saleability - many people won't buy coins over some price UNLESS they are certified)

The top two grading companies (in terms of market acceptance) are PCGS and NGC. Then ANACS and finally ICG. Those are the only four companies that ebay allows sellers to use for 'graded' coins. There are other companies, some of which are quite good within their niches, but ebay gives us a bright line (to avoid the usual fights).

Both PCGS and NGC require membership to be able to submit coins. ANACS and ICG do not.

Don't let the cost of membership throw you. There are several options. For example, join the ANA (American Numismatic Association) as a gold member for $28/year (https://www.money.org/account/join) and then when you get your membership you can apply for a FREE NGC ANA level membership. NGC's basic membership is $39 (so the ANA route saves you $11), but the $149 membership includes a $150 credit for grading fees, which is a wash if you use it.


NNC is not a well respected company. Their grading standards range from very loose to appalling. Once in a blue moon they do seem to get it right, but it's more random chance than anything. They often give 'clean' grades to coins that more reputable companies give 'details' grades to because the coin has been cleaned, polished or otherwise damaged.

Thus if you look up the values of the NNC slabbed coins, you need to start from the values a couple grades lower.


For materials worth less than that $200 value, selling on ebay can be done, but it's quite a lot of work. Until you build up some good feedback, people won't always be willing to buy expensive pieces from you. There's the overhead - ebay fees, postage, shipping materials. And dealing with the loonies who buy on ebay. So basically, to maximize the value of the inheritance, you are in for a prolonged effort.


The other option is to pack the whole mess up as is, take it two three or four reputable coin dealers and accept the best offer.

But reputable coin dealers are hard to come by. You definitely want to avoid the local 'cash for gold', jewelry store, etc. Any place who's primary business is metal not numismatic is a bad choice. Maybe people on the board have a recommendation?

Both PCGS and NCG offer a dealer locator - http://www.pcgs.com/Dealers/Default...2701&rad=100 and http://www.ngccoin.com/services/dea...listing.aspx - but I would call/email before just showing up, as many are not retail shops. And most of them are in Ft Smith or even Springfield MO.

ANACS has a grading special on right now as well. Unless the coins are worth $300 or more (grey sheet bid!, not retail), not worth your time or $$ to have graded by PCGS.

Great Collections would be a very good idea.

The BEST idea I have seen on this thread so far, post pictures of the ten best coins.

http://www.anacs.com/contentpages/s...special.aspx