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At What Point Is It Worth Sending In For Grading?

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SpaceMaNy0's Avatar
United States
343 Posts
 Posted 11/27/2015  1:54 pm Show Profile   Bookmark this topic Add SpaceMaNy0 to your friends list Get a Link to this Message Number of Subscribers
I just wonder if any of my coins would be worth sending for grading, and at what point the cost is still worth it. In other words, are my likely low grade coins worth the price of slabbing? And if not about where is the cut-off so to speak. I have mostly dimes and quarters, but a few cents, halves, and dollars as well.

Thanks for any help.
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BStrauss3's Avatar
United States
4592 Posts
 Posted 11/27/2015  2:05 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Depending on which service you choose and specials, etc. you are talking $10-30... so the graded & certified coin has to be worth at least that much more than raw.

Rules of thumb: $200 or gold (because of the # of fakes out there)

But like all rot it's only rough. I sent a $3 coin in to fill out my last ANACS submission because everything else in that set was slabbed and I didn't like the look of the coin in a black everslab.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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SpaceMaNy0's Avatar
United States
343 Posts
 Posted 11/27/2015  2:40 pm  Show Profile   Bookmark this reply Add SpaceMaNy0 to your friends list Get a Link to this Reply
Well I have a few Barbers that would maybe be 20, so probably not worth it. Maybe I'll make my first slab purchase from a dealer or my lcs.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 11/27/2015  4:33 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
A decision to send a coin for grading could be based on justifying the cost spent on grading fees and return shipping, such that a profit can be made on those expenses, if you should decide to sell.
Some collectors adopt their own rule of thumb as regards potential value; say around $100.

The fact that an independant third party has graded it takes a lot of the risk out of a sale, especially if the buyer is not able to personally inspect the coin, before deciding to make a purchase.
Ultimately, when it comes to selling, it is the potential value of the coin that will help you decide if you should TPGrade or not.


A decision to send a coin for grading could also be based on the need to authenticate it, or to have it properly protected. In the case of protection, the slab should be airtight. In these cases as well, the potential value of the coin should be high enough to justify the costs of TPGrading.

Another of the downsides of slabs is that in terms of storage and display, they do not fit into a larger collection in which most of the other coins are not in slabs.

All we can really do for you is give you some guidelines enough to make your own decision to TPG slab or not.
Edited by sel_69l
11/27/2015 6:04 pm
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ChildOfTheWheat's Avatar
United States
5828 Posts
 Posted 11/27/2015  6:14 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
To ANACS, $25-500
To NGC, $350-750,000
To PCGS, $300-1,000,000

Just sayin!
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Steele's Avatar
United States
1119 Posts
 Posted 11/27/2015  6:54 pm  Show Profile   Bookmark this reply Add Steele to your friends list Get a Link to this Reply
That's an odd price scheme you have CotW. Why doesn't NGC start at $300 like PCGS? Why not coins over 3/4 mill to NGC? And damn, only up to $500 to ANACS, what's the beef there? I would go at least a grand to make them feel loved.
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ChildOfTheWheat's Avatar
United States
5828 Posts
 Posted 11/27/2015  6:57 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
I just was in a rush... Oops!
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SpaceMaNy0's Avatar
United States
343 Posts
 Posted 11/28/2015  09:14 am  Show Profile   Bookmark this reply Add SpaceMaNy0 to your friends list Get a Link to this Reply
Well I doubt I have a single coin worth a couple hundred bucks, but thanks for the information. Like I said, I'll probably make my first slab purchase from the LCS.
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Mayflower2020's Avatar
United States
624 Posts
 Posted 11/29/2015  02:55 am  Show Profile   Bookmark this reply Add Mayflower2020 to your friends list Get a Link to this Reply
Looking into this for some of mine and my grandfathers old coins. Confusing process for a first time submitter. Been reading about it for the past few days and trying to weigh by best options. Have been waiting until I had enough coins that I wanted graded.
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Gronkikachi's Avatar
Cuba
27 Posts
 Posted 11/29/2015  03:25 am  Show Profile   Bookmark this reply Add Gronkikachi to your friends list Get a Link to this Reply
Hi, I share the same doubts of SpaceMaNy0 about grading services. Are they even available for Cuba?
Also, there is some disturbing info about the accuracy of TPGs under "Numismatic Guaranty Corporation" in Wikipedia, which makes me wonder if it is a smart choice at all.
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Mayflower2020's Avatar
United States
624 Posts
 Posted 11/29/2015  05:46 am  Show Profile   Bookmark this reply Add Mayflower2020 to your friends list Get a Link to this Reply
TPG? I don't see anything negative on their wikipedia page unless I am looking at a different page.
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Collects82's Avatar
United States
1316 Posts
 Posted 11/29/2015  07:10 am  Show Profile   Bookmark this reply Add Collects82 to your friends list Get a Link to this Reply
Numismatic Guarantee Corp (NGC) is considered one of the top two (with PCGS) in the industry. If you are going to have doubts about them, you may have doubts about them all.

That being said, none of them are 100% because grading is subjective and the grade on the label is simply their opinion. Remember to always buy the coin and not the label.
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Gronkikachi's Avatar
Cuba
27 Posts
 Posted 11/30/2015  11:13 pm  Show Profile   Bookmark this reply Add Gronkikachi to your friends list Get a Link to this Reply

Quote:
TPG? I don't see anything negative on their wikipedia page unless I am looking at a different page.

I suppose you are.

Please, check the page Numismatic Guaranty Corporation.

In section Controversies, it states that Coin World contrated investigators to conduct comparative study of PCGS, ACCGS and NGC.

Basically they sent the same coins to each grading service and got different gradings.


Quote:
none of them are 100% because grading is subjective and the grade on the label is simply their opinion. Remember to always buy the coin and not the label.

Collects82, I could not agree more with these words.
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