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 Replies: 7 / Views: 1,429 |
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New Member
United States
29 Posts |
I know it's a silly question since PCGS is one of the most trusted companies and my local pawn shop offers their grading services. Should I trust them with appraisals? Has anyone else got their coins graded by PCGS by a local authorized dealer? Is it the same as sending it to PCGS? Edited by starnote
08/22/2017 9:41 pm
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Valued Member
United States
191 Posts |
The pawn shop does not grade it. They send the coin on your behalf through their account to PCGS for grading. The plus side of this is being able to group together larger orders for lower overall cost. It's expensive if you just send one coin in at a time.
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Pillar of the Community
United States
1963 Posts |
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Pillar of the Community
United States
505 Posts |
Is he appraising condition or value? I agree with Jnes concerning condition. However, value-that's a different story. You should only trust a mixture of: what they (coins) have been selling for, what the community suggests, coin grading value guides,and RedBook. I say mixture but I mean take all of those things into account. I wouldn't exactly trust a local dealer simply because he's running a business and more often than not, his 'appraised value' will account for overhead. |
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Pillar of the Community
 United States
3058 Posts |
Quote:
Should I trust them with appraisals? If you are looking to sell, I would post pics of the coins here at CCF, so we can give you a value. |
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Rest in Peace
United States
17900 Posts |
No matter the type of shop you use to send your coins you always have that concern. Some pawn shop operators know more about coins than do coin shops. Especially those that stay alive with mostly bullion sales.
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Pillar of the Community
United States
5964 Posts |
You've gotten some good advice here, the only thing I can add is generally when a particular entity deals with a grader in volume, the slabs tend to come back with higher grades.
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Pillar of the Community
United States
4592 Posts |
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I know it's a silly question since PCGS is one of the most trusted companies and my local pawn shop offers their grading services. Not a silly questions, just shows the terms aren't clear to you. Your local pawn shop is an authorized submitter. In addition to submitting for themselves, they offer a service where they package and send the coins to PCGS for a fee. Quote:
Should I trust them with appraisals? Very different question... what are their credentials as an appraiser? I'm leery of an appraiser who charges a % of the value, there's just too much incentive to pick high retail as a value. Look for somebody who charges for their time. However, a rough approximation to set insurance value for the submission shouldn't be charged for. Quote:
Has anyone else got their coins graded by PCGS by a local authorized dealer? Is it the same as sending it to PCGS? Lots of people do this, it's more cost effective than a membership for very small volumes. -----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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Replies: 7 / Views: 1,429 |
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Posted 08/22/2017 9:51 pm
