How Does Certification Work? - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 10 / Views: 1,219
jaxenro Pillar of the Community United States 533 Posts	Posted 07/17/2016 01:27 am How does certification work at places like PCGS and NGC? Do they just charge a flat rate per coin? Report this Post to the Staff

Jaobler Pillar of the Community United States 6381 Posts	Posted 07/17/2016 01:38 am If you go to their websites they provide detailed information. Both PCGS and NGC require a paid membership (or an ANA membership for NGC) in order to get submission privileges. ANACS and ICG do not require memberships which reduces the total cost for their submissions. In a nutshell, grading cost varies with the value and type of coin. World, ancient, and error coins typically cost more. You need to pay for shipping both ways, and if your coins are valuable (and why would you submit them if they are cheap?) you should spring for Registered mail with insurance. If you have candidate coins for submission please post them for CCF grading and comment. You'll get plenty of advice as to whether they are worth sending in for grading! Report this Post to the Staff
NeoSpec Valued Member Canada 192 Posts	Posted 07/17/2016 05:07 am Good answer! Thank you! Report this Post to the Staff
jaxenro Pillar of the Community United States 533 Posts	Posted 07/17/2016 07:10 am No candidate coins was more wondering about the process since I try to buy certified coins. I will research at their site Report this Post to the Staff
jaxenro Pillar of the Community United States 533 Posts	Posted 07/17/2016 07:16 am What I was sort of wondering about is the fee must be part of the price of the coin. So if a low value Morgan at $45 includes the same certification fee as a $5 gold piece at $700 the fee is a larger part of the price of the lower value coin Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 07/17/2016 5:00 pm Also of importance, costs will vary depending on the turnaround time you want. The faster, the more you'll pay. Report this Post to the Staff
Saruma Pillar of the Community United States 968 Posts	Posted 07/18/2016 12:01 am I think gold coins cost more than other (normal value coins). Very high value coins also cost more to grade. But within these groups the coin value doesn't matter, the cost of grading is the same. It takes the same amount of effort to grade a $1000 coin as it does a $10 coin. It also prevents people from inundating them with low value coins. Of course if you want to pay them more to grade it than the coin is worth they are happy to do so! Report this Post to the Staff
Tryna Pillar of the Community United States 937 Posts	Posted 07/18/2016 09:58 am one thing one should always consider before certification is if grading will add value or saleability (if that is even a word). examples: I bought a 1943 dime graded PCGS MS65 FB with CAC for $18 Today I bought a 1986 Nickel graded PCGS PR69 DCAM for $.99 plus shipping I do not see where the seller got his 'added value' for those two coins. Report this Post to the Staff
GR58 Bedrock of the Community United States 11951 Posts	Posted 07/18/2016 10:47 am The price of having coins slabbed fall into different categories. One is to have experts assign a grade, sometimes for resale. Sometimes just so a collector knows what he has. Another is for authentication. There is a group that will send modern coins in, to try and get very high grades. For example MS 70 or PF 70. Many times the price paid for having coins graded is just part of the hobby. A lot of times common modern coins can be purchased for much less than the price of having them graded. For example - Last year I bought these slabbed coins for $2.00 each. Report this Post to the Staff
Andrew99 CCF Advertiser United States 1533 Posts	Posted 07/18/2016 12:02 pm The added value is in the coins you do not see. The $0.99 PF 69 is being blown out while the 3 coins that made PF-70 are being sold for $75 each. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 07/18/2016 4:42 pm Right, but it's still hard to figure the upside in submitting piles of modern issues for holdering, and yet it seems almost like an industry. Well, we all know who benefits the most from it! Report this Post to the Staff
	Replies: 10 / Views: 1,219

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.27 seconds to rattle this change.