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 Replies: 16 / Views: 2,973 |
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New Member
United States
0 Posts |
Hello All, just found and joined this site yesterday-- what an amazing place! I hope I'm posting this in the right place. I was enamored of coins as a child and started collecting when I was about ten I would say, thanks to my Mom (who bought my brother and I stamps and an album...this led to coins). My chief focus was on Indian Head cents and Buffalo nickels (which I kept in the wonderful Library of Coins albums). An evil roommate stole my collection when I was in my mid-twenties, and this so discouraged me I gave it up for a while. But a clerk at the local grocery store a few years ago used to tell me what he had found, and his obvious passion ignited the fire within again, so I've been back for about 18 months, and enjoying the Hobby of Kings more than ever. My my my, how things have changed! Anyway, my focus so far has been on Kennedy half dollars, some gold, those wonderful crater/meteorite coins from Niue, and the America the Beautiful 5 oz (not the bullion but the uncirculated varieties with the P mint mark) of which I have all but ten at this point (I generally get two a month). Most of these have come directly from the Mint, and my question is, is it worth it to have these graded and slabbed? If yes, any particular service I should use, and what are the chief differences between the grading services? Any wisdom you could share would be greatly appreciated! Fionnsboy |
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Valued Member
Ireland
82 Posts |
Hi Fionnsboy, I cannot answer you query but I want to welcome
you here, I just joined myself yesterday. Are you in Ireland?
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Moderator
 United States
56855 Posts |
 to CCF. IMHO,I would not slab any bullion pieces but if you do go with PCGS.They sell at a slight premium above NGC.If you are thinking about slabbing collector type coins,post pics here on CCF first and we will let you know if they are worth the expense to have them slabbed. I hope you enjoy our great site. John1  |
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Moderator
United States
187702 Posts |
to the Community! |
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Bedrock of the Community
Canada
24885 Posts |
To the Forum. |
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Rest in Peace
United States
17900 Posts |
We look forward to your participation. I use NGC far more often because they seem to be more consistent. My own rule of thumb is that if a coin will have a minimum value of $200, then I will send it in. Everyone has to set their own minimum, although lots of folks obviously don't because of the tons of $20-50 coins in slabs. |
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Pillar of the Community
 United States
4588 Posts |
No. With modern coins, the way the game plays out is that if your coin comes back at MS70 or PF70, you can sell it for a bit more than cost (mint price, shipping from mint, shipping to the TPG, return shipping, grading fees). If it comes back at MS69 or PF69, you can't sell it for much above the mint costs. The way the big boys do it is they send in entire boxes of 500 for cheap ($5/coin) bulk grading. The 69s sell for cost and the 70s for a 10 or 20 or maybe 50 over cost. In bulk, with decent yield, they make money. But you can't qualify for bulk grading and the $20 or $30 per coin kills you. If you want them slabbed, them buy them slabbed. -----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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Pillar of the Community
Canada
5238 Posts |
@Fionnsboy, save your money and don't get your coins slabbed, not as a general rule. Invest the money on more coins/ knowledge of how to grade yourself.
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Valued Member
United States
338 Posts |
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New Member
 United States
0 Posts |
Many thanks for all the replies folks, it's been very helpful and you're all very kind to reply. I was thinking to grade only because there's a place right down the street from me that does it (oddly enough, and all the available services "at a greatly discounted rate," so says their website, which would of course also eliminate shipping/insurance.) Perhaps I'll inquire what they charge. No 2taol, not in Ireland, I'm just north of Boston, ach Rugadh mo Mháthair in eirinn.
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Bedrock of the Community
Canada
11922 Posts |
to the CCF! Would you mind sharing the name of the grading company you are considering? PCGS, NGC, and ANACS seem to be considered the top three (in the United States, at least). There are, of course, a lot of other companies, but many are prone to over-grading, and should probably be avoided. |
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New Member
United States
0 Posts |
Joseph 7420, they are called Numismatic Investments, and they offer both PCGS and NGC.
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Pillar of the Community
United States
634 Posts |
It is generally more cost effective to but modern coins already slabbed. I personally find raw coins to be cooler, as well as a nice challenge to grade and authenticate yourself. Basically, you do you.
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Pillar of the Community
United States
5198 Posts |
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New Member
United States
5 Posts |
just joined myself -
welcome!
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Pillar of the Community
United States
1795 Posts |
to CCF. |
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Replies: 16 / Views: 2,973 |
Posted 06/27/2017 10:01 am
