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Any Tips For Getting A Coin Slabbed?

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wadahek's Avatar
United States
142 Posts
 Posted 06/29/2016  10:22 pm Show Profile   Bookmark this topic Add wadahek to your friends list Get a Link to this Message Number of Subscribers
Short version:
It will be my first time sending out a coin to get it professionally graded/slabbed. Anything I should know about or extra services that I should include?

Long version:
I was given some coins in blue whitman folders as a child (Mercury Dimes, Roosevelt dimes, Buffalo nickels, Lincoln Cents), which recently inspired me to start collecting. I'm slowly learning about everything numismatics including how to correctly preserve the coins that I have. I decided a few weeks ago to transfer most of these coins from the old holders into 2x2s for easier access/better examination. Whilst doing that, I noticed that my 1937-D Buffalo nickel was no boring low-grade coin as I'd originally thought it was.


Any-Tips-For-Getting-A-Coin-Slabbed?

Any-Tips-For-Getting-A-Coin-Slabbed?

Where's the fourth leg? I couldn't believe it. This coin is worth more than the rest of my entire collection thus far. I think it's only between G-4 and G-6, but with my Red Book telling me that it's worth $550, I feel the pressure to get it slabbed/preserved. I don't think that a 2x2 will do for this one anymore...

Since I'm new to all of this, I've got literally no experience with sending coins in. Just a few minutes ago, I ordered a pack of 2.5x2.5 mylar flips from Amazon for the actual submission. Is there anything that is not in NGC or PCGS guidelines that I should know?

Thank you for the help!

*** Moved by Staff to a more appropriate forum. ***

Pillar of the Community
United States
530 Posts
 Posted 06/29/2016  10:45 pm  Show Profile   Bookmark this reply Add NDCENT to your friends list Get a Link to this Reply
Congrats on the find! the best thing to do is to call and ask PCGS and NGC.They will answer all your questions.Your only major decision will be which TPG to pick.
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GR58's Avatar
United States
11951 Posts
 Posted 06/29/2016  10:46 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
First off ... Very nice find ...

Where to start.

In my experience the top three grading companies like getting
submissions in multiple lots. Like 5 coin submission.

I guess you can send in one coin, but I have never tried that.

If you have a local coin shop, they might be able to send it in for you.

Are you planning on sending in just the one coin?

PCGS and NGC will require you to join for a fee.
How much the fee is, will depend on what level you choose.

Without doing the research, sending one coin into PCGS or NGC
Might cost from $60 to $100, with grading fee, joining fee and shipping/ins.

Both do have a level where you sign up for a certain level and get
something like 5 to 8 free submissions.

I think if you join the ANA you can submit to NGC without paying to
join ... But you do pay to join the ANA.

Another option is ANACS. Many hard core collectors will tell you
not to use ANACS, because coins don't sell as high as similar
coins in PCGS or NGC slabs.

But ANACS is the least costly way to get a coin slabbed.

For example for July you can get 5 coins graded for $75 plus
your cost to ship to them.

Also there is a CCF section for TPG grading questions.
You might get more responses post in that section.
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Mike1487's Avatar
United States
709 Posts
 Posted 06/30/2016  01:35 am  Show Profile   Bookmark this reply Add Mike1487 to your friends list Get a Link to this Reply
Looks like a solid G04 to G06.

Both PCGS and NGC will attribute the 3-leg without having to pay for an additional "variety" fee, as it is a major variety. Still, specify the 3-leg variety on the forms.

It is expensive to just send one coin in, 4 (PCGS) or 5 (NGC) is more economical. If you don't have a few other good coins though, don't feel like you're required to send in low value coins just to fill the order. Somewhere around $150 to $200 is the magic number for a coin worthy of slabbing. If you think you'll continue collecting, I would wait until you get a few more nice ones for a submission. If not, I would just send the one in and be done - this is still a good move.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 06/30/2016  03:13 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Simple:
If you think it has a potential value of over $100,
perhaps you may be able to justify having it slabbed.
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silverwolf's Avatar
Canada
3733 Posts
 Posted 06/30/2016  07:41 am  Show Profile   Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
am I the only one who sees all 4 legs ?
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GR58's Avatar
United States
11951 Posts
 Posted 06/30/2016  08:08 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply

Quote:
am I the only one who sees all 4 legs ?


There is that too. This is not a real clear picture,
But it does look like a 3 leg. Not sure if it is one
that was made to look like a 3 leg.


I am leaning toward it being real.
Valued Member
wadahek's Avatar
United States
142 Posts
 Posted 06/30/2016  08:09 am  Show Profile   Bookmark this reply Add wadahek to your friends list Get a Link to this Reply
Thank you all for the help! I may just wait to send it in then.

@silverwolf: I was questioning it at first, but after looking up examples of the 3-legs, I became pretty sure that this is one of them. Most have what looks like the lower shadow of a fourth leg. On normal Buffalo nickels with all four legs, the leg that's missing is very high relief.
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BH1964's Avatar
United States
10982 Posts
 Posted 06/30/2016  08:34 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Sure looks like a 3-legged Buffalo. Pretty cool find and worth sending in for sure. If you're only submitting one coin then look up a PCGS or NGC dealer through their respective websites and call to get some rate quotes first.
ANA #R3154474
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srs77's Avatar
United States
3162 Posts
 Posted 06/30/2016  10:08 am  Show Profile   Bookmark this reply Add srs77 to your friends list Get a Link to this Reply
Holy Moly what a great find! Congrats!
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ChildOfTheWheat's Avatar
United States
5828 Posts
 Posted 06/30/2016  10:15 am  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
Awesome find!

I, personally, would send it into either ANACS or NGC.
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coinlover1899's Avatar
United States
3058 Posts
 Posted 06/30/2016  11:06 am  Show Profile   Bookmark this reply Add coinlover1899 to your friends list Get a Link to this Reply
I would not send it off...it seems like a fake.
I do not see the moth eaten like hind leg and the missing leg does not look normal:

Coin In Question:

Any-Tips-For-Getting-A-Coin-Slabbed?

Genuine Example:

Any-Tips-For-Getting-A-Coin-Slabbed?

Notice how on the coin in question and the genuine coin's leg (which is grade MS66 by PCGS) both look diferent.

I cannot see "E Pluribus Unum" do to picture being blurry.

Sorry for being so negative, I just wanted to let you know.
Edited by coinlover1899
06/30/2016 11:06 am
Valued Member
wadahek's Avatar
United States
142 Posts
 Posted 06/30/2016  11:38 am  Show Profile   Bookmark this reply Add wadahek to your friends list Get a Link to this Reply
Thanks for the tip/comparison! I'll have to look closely at it later and try to get a clearer picture.
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coinlover1899's Avatar
United States
3058 Posts
 Posted 06/30/2016  11:40 am  Show Profile   Bookmark this reply Add coinlover1899 to your friends list Get a Link to this Reply

Quote:
and try to get a clearer picture.


Thank you!!
I wish it were real (it still might be)!!!
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GR58's Avatar
United States
11951 Posts
 Posted 06/30/2016  12:36 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
To me it is hard to compare a MS-66 with a G-4

If you could find a picture of a slabbed G-4 online
compare it with that.

One of the markers to look for is between the buffalo's legs.
The die for the 3 legged Buffalo did sit for a while
before being polished and put back into use.
Between the Buffalo's legs the die got some rust build
up. On mid to higher grade nickels this can be seen.
I have never seen lower grade 3 leg buffalo's in hand,
so I don't know if it can be seen. But I would look for it.

If there is a good dealer near you, I would ask for a opinion.

What ever you do don't sell it, before getting it into a
slab.

This really is a good coin to send into ANACS. It is the cheapest way to go, with out spending a lot, and find out
if it is real and what grade.

Later in the year ANACS will have a offer for two free submissions, you just pay shipping.

You have to sign up online, but that does not cost anything.

For example
I sent this coin in
Any-Tips-For-Getting-A-Coin-Slabbed?

Most were not 100% sure it was real. I sent it to ANACS which cost about $12 to have it slabbed.

I sold it the week I got it back for $80. I bought the
coin for melt. So some good profit.

It I would have sent it into NGC or PCGS it would have
cost closer to $40 to have it slabbed.

Sometimes the profit margin is much better on ANACS slabs.

There are coins like yours, and lower grade keys, that collectors just want to know it is real before they
purchase. Then they might end up breaking it out of the slab
and put the coin in their album. ANACS is very good for this.
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United States
5208 Posts
 Posted 06/30/2016  1:22 pm  Show Profile   Bookmark this reply Add jack jeckel to your friends list Get a Link to this Reply

Quote:
Later in the year ANACS will have a offer for two free submissions, you just pay shipping.


Actually the last 3 ANACS insider specials have been 2 free coins graded when you pay for 5.

I guess to many people were taking advantage of the 2 free coins and they were losing money on the deal.

This special is going on now through July 31.
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