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Advice On Submitting Coins For Grading

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michaelsaur's Avatar
United States
19 Posts
 Posted 03/07/2018  10:16 am Show Profile   Bookmark this topic Add michaelsaur to your friends list Get a Link to this Message Number of Subscribers
Hi what would maximize my net proceeds, having these coins graded? Just sell them as is? Also is there a "best place" to sell coins? I doubt that's ebay but maybe I'm wrong...
1870, 1874, 1877, 1878 Indian heads in EF plus
1925 D Mercury dime in EF
Circulated Lincoln cents, 1910 - 1915 S coins, 1922 D, 1924 D, 1931 S
I've never had a coin graded, any advice on which grading service, how to ensure all goes as planned, etc is appreciated.
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John1's Avatar
United States
56855 Posts
 Posted 03/07/2018  10:22 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Post pics here first. Best TPG is PCGS,IMHO. A coin needs to have a retail value of at least $150 to justify all grading fees. Place to sell the coins you listed will be the bay. High dollar coins should be auctioned off at Heritage.
John1
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SilverDollar2017's Avatar
United States
8715 Posts
 Posted 03/07/2018  10:56 am  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
to the CCF!

of all the coins.

The only TPGs I would send to are PCGS/NGC. ANACS is useful to authenticate some key dates but can't be relied upon for a very accurate grade.
Don't waste your money sending coins to ICG, SEGS, or PCI.
Edited by SilverDollar2017
03/07/2018 10:57 am
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michaelsaur's Avatar
United States
19 Posts
 Posted 03/07/2018  11:34 am  Show Profile   Bookmark this reply Add michaelsaur to your friends list Get a Link to this Reply
Many thanks, I can post pics if you want?, but your advice has answered my question, either NGC or PCGS and only for coins higher than $150. I'm reading other posts/replies to learn how to submit, then next step is where best to sell them. Is there a good forum on CC so I can read up? I've never sold any valuable coins so appreciate your replies.
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SilverDollar2017's Avatar
United States
8715 Posts
 Posted 03/07/2018  11:36 am  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
First, please post images of the obverse and reverse of each coin here so we can look at them and check if they are worth grading.

ebay is the best place to sell coins. Heritage or Stack's Bowers for very high-value coins.
Edited by SilverDollar2017
03/07/2018 11:38 am
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moxking's Avatar
United States
17900 Posts
 Posted 03/07/2018  5:41 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
We have folks swear they have an EF coin, because they honestly do believe that is the grade. We can tell you tge grade and any problems the coin has for free.

Sending them to NGC or PCGS without a free opinion is just plain silly
Valued Member
United States
314 Posts
 Posted 03/07/2018  6:48 pm  Show Profile   Bookmark this reply Add einstem to your friends list Get a Link to this Reply

Quote:
EF Coin


"Error Free" coin? (..newbie question..)..
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kanga's Avatar
United States
5825 Posts
 Posted 03/07/2018  7:14 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
And I think $200 is a better minimum.
People tend forget S&H.
It's not cheap to send them nor is it cheap for the TPG to send them back.
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edweather's Avatar
United States
7375 Posts
 Posted 03/07/2018  9:11 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
EF or XF = Extremely Fine
Edited by edweather
03/08/2018 08:43 am
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SilverDollar2017's Avatar
United States
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 Posted 03/07/2018  9:36 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
EF or XF means "Extremely Fine"

Here are all the letter grades:

PO = Poor
FR = Fair
AG = About Good
G = Good
VG = Very Good
F = Fine
VF = Very Fine
XF/EF = Extremely Fine
AU = About Uncirculated
MS/Unc. = Mint State
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basebal21's Avatar
13014 Posts
 Posted 03/07/2018  9:44 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
ANACS is useful to authenticate some key dates but can't be relied upon for a very accurate grade.
Don't waste your money sending coins to ICG, SEGS, or PCI.


ICG is just as good if not better than ANACS, they shouldn't be lumped in like that. They're a good option for coins not worth the PCGS/NGC fee.


Quote:
but your advice has answered my question, either NGC or PCGS and only for coins higher than $150


There's no real arbitrary number for when to send in or not too. It really depends what you're sending in and why. Plenty of people send in cheap coins that are special and sentimental to them that otherwise would have never been worth it.

If you wanted to approach it from a purely financial standpoint then it's really just a simple yes no question. Will grading increase the value by at least the cost of grading, if yes sure send it in if no then it's not worth it in that respect.

There's a little more to the whole question as your intentions come into play, whether its a better date of something, what series, if selling how you want to sell it ect.
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Debrajc's Avatar
United States
4211 Posts
 Posted 03/08/2018  09:25 am  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
and yes, please post some pics here.

I'd love to see the 1877 IHC especially.
Valued Member
United States
314 Posts
 Posted 03/11/2018  08:35 am  Show Profile   Bookmark this reply Add einstem to your friends list Get a Link to this Reply
One other consideration is if you are ever planning to either "sell" or "gift" your collection down the road (.. aren't we all?), it is a lot easier to do with graded/slabbed coins then a "raw coin album". A dealer can quickly determine the value of a slabbed album, whereas a "raw" album requires a lot more analysis. Also, the person that inherits the coins will also be able to much more quickly determine the "values" of coins that are slabbed/graded.

Not really a reason just to slab them, but could be a consideration.. especially for the more "valuable" coins in a collection...

Michael
Valued Member
United States
314 Posts
 Posted 03/11/2018  08:37 am  Show Profile   Bookmark this reply Add einstem to your friends list Get a Link to this Reply
PS: I have heard stories of someone picking-up an "coin album" at a garage sale at a crazy low price because the person selling it had now idea that it had 'key date' coins in it.. they just got it from their grandparents/etc, and decided to finally sell it without any idea that it had a few valuable coins... a 'slabbed coin' would definitely make them think twice...
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peaece13's Avatar
United States
246 Posts
 Posted 03/21/2018  07:41 am  Show Profile   Bookmark this reply Add peaece13 to your friends list Get a Link to this Reply
+1 on $200+ as a general rule of thumb (not to say that people don't have 1000's of reasons they submit lower value coins.)

And as stated above, it really comes down to what you intend to do with the coins.
I prefer raw coins myself, but when it is time to sell high value coins, especially through an internet auction, having them graded is important.

@einstem
I have bought collections through estate sales, where I couldn't fully inspect all of the item, to then find loads of key dates.
Most recently one album contained a full set of Wheat Cents with the big 4 key dates all there and a buffalo album with the 3-legged, so yes that does happen, and I am sure the family would have received more at the sale if those coins had been slabbed and separated. Not to say this happens to me all of the time, most often its just loads of common coins but it's partly how I collect and search.
Valued Member
United States
93 Posts
 Posted 03/26/2018  2:38 pm  Show Profile   Bookmark this reply Add 20021sc to your friends list Get a Link to this Reply
einstem :Was a few years ago two elderly sisters around the corner from me were having a yard sale. I saw it as I headed to the store early one Friday morning. When I came back by, I stopped. I noticed several newer (post 1964) US coins, some in government holders, but none silver or gold (like they'd been cherry picked already). I asked them if they had anymore coins. One cheerfully said they were selling their deceased Uncle's possessions and someone had just walked away with their arms full of coin albums and they got $700 for it all! I didn't tell them one single coin in the albums could have been worth that or more. Their Uncle had some good stuff it looked like based on what was still there a couple of hours after they started.
I wish I'd stopped the first pass by.
I think of that almost every time I go by their house.
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