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 Replies: 9 / Views: 1,139 |
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Pillar of the Community
United States
824 Posts |
I was just wondering the reasons why people send coins in to get graded? If you do send coins in to get graded then what is your criteria?
Is it possible grade?
Is it the rarity of the coin?
Is it the value of the coin?
Is it a combination?
If you do not send coins in then what are your reasons for not sending coins in?
I would just like to see peoples opinion on the subject. Thanks in advanced for your comments.
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Bedrock of the Community
United States
11898 Posts |
I don't send to TPG. I grade my own coins and get opinions here, at my coin club and from other friends.  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
6370 Posts |
For me, I slab only if doing so means at least $100 more in sale price over raw. Other than that, I will not grace the TPGs with a single cent of my hard-earned money.
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New Member
United States
4 Posts |
I don't really understand why anyone sends coins worth less than $100+ to be graded, as you may see on ebay, many coins in TPG slabs sell for much less than the ostensible cost to get them graded. How this occurs so often is beyond me- either many people are losing lots of money when they resell these lower value graded coins, or I suppose they are coins that were bulk graded, and even then I have heard the cost of bulk submissions is still at least $6-7. If I want graded coins in TPG slabs, I buy them on ebay, as it has always seemed to me to be much more cost efficient. Only if our coin is very valuable would I think the grading fees would be worth it to actually submit. |
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Pillar of the Community
United States
1959 Posts |
No. Been collecting for 30 years and never sent a coin in yet.
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Pillar of the Community
United States
3475 Posts |
I buy coins that others have sent in to be graded.
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Rest in Peace
United States
18456 Posts |
I'm a senior veteran of the hobby and collect only raw coins . I don't need any grading service to grade my coins . As far as authenticity I do my best by researching a KEYcoin before I buy it and making sure I only buy from reputable dealers who guarantee all coins they sell are authentic . But because I stick to common and semi-common circs of classic coinage ,I don't seem to have any problems .  |
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Pillar of the Community
United States
7630 Posts |
I have my better coins slabbed to protect my family when I'm gone. I also keep a notebook with my slabbed coins detailing what is what, approximate value and what things should bring. I've seen all kinds of things done to heirs when they walk into a coin shop totally unprepared. My "favorite" (about 30 years ago) was when an older lady walked into a shop selling her late husband's collection of rolls of Morgan dollars. I watched the dealer buy rolls of dollars using the Graysheet as a "guide". He bought rolls of 1878-'CC's at 1878-S prices. He bought rolls of 1900-S's at 1900-O prices. My opinion of that dealer was flushed right down the toilet. Don't let it happen to your family. Get your good stuff slabbed and make good notes. |
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Bedrock of the Community
United States
94367 Posts |
Westernsky, I'm 100% with you. Nearly every coin I own worth more than $200 is slabbed, and the best portion of my paper money as well. My wife knows exactly where everything is to go. Generally speaking, I think this makes more sense the older you get.
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Pillar of the Community
United States
5825 Posts |
I haven't sent a raw coin in for quite a while. But when I did it was for these reasons (in descending order of importance to me): 1. Authentication (is it really what it appears to be) 2. Originality (has it been cleaned/altered) 3. Grade Coins I send in now are for variety attribution (such as VAM for Morgan dollars). That is NOT cheap to do. You pay for: -- getting the variety attribution -- reholdering the coin (it has to be cracked out to put in the new label) -- handling fee -- S&H to the TPG-- S&H back from the TPGWorks out to be $60-70 for just Regular service. |
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Replies: 9 / Views: 1,139 |
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Posted 05/19/2017 12:33 pm
