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 Replies: 13 / Views: 3,300 |
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New Member
United States
33 Posts |
I am curious to know how coin grading works. The ANACS will be at a local coin show near me this weekend. How much does it cost typically to have a coin graded? ..and what exactly does it mean once the coin is graded? value? how certain and reliable is the grade they come up with?
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Moderator
 United States
56855 Posts |
There are basicly three TPG's that are trusted,in order...PCGS-NGC-ANACS. As to price,check each web site. Prices vary as to what you want them to do.Once the coin is "slabbed" in theory you can sell it sight unseen.It is more reliable of a grade from a TPG as opposed to a regular person/coin dealer.Hope that helped a bit. John1  |
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Pillar of the Community
 United States
4591 Posts |
You'll get a boat load of opinions...
ANACS is considered in the top four, with (generally) PCGS #1 NCG #2 and then ANACS and ICG.
Cost is on their website, ANACS.com - it varies by speed of service, value (insurance is based on that) and extras.
Slabbing a coin protects it and provides authentication and an estimate of grade (that part is where the services differ, with all of them certain they are the best).
Certain varieties are attributed, with ANACS and ICG attributing more varieties.
Slabbing doesn't add value, but with the authentication, slabbed examples sell - typically - for more than unslabbed (raw).
-----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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Bedrock of the Community
United States
94367 Posts |
It's good advice to visit the websites of the companies listed above - there are many variables, as noted. Whichever company and whatever service level you choose, it will cost you money, and you may not be happy with the result, so study the options carefully before diving in.  |
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Valued Member
United States
338 Posts |
ANACS Insiders can get 10 US coins graded for $60. Add shipping and insurance. |
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Pillar of the Community
United States
3402 Posts |
Quote:It is more reliable of a grade from a TPG as opposed to a regular person/coin dealer. Isn't that a horrible statement of the coin collection "hobby." regular people such as you, I and our local coin dealer cannot grade coins. With all the crappy slabbed coins around you'd be an idiot to buy sight unseen. If you are an investor, buy slabbed and pray your MS62.5++ will still be that in a few years. Standards change and with TPG they arbitrarily change...no consistency! If you are a hobbyist, buy raw coins, learn to grade and enjoy  See if TPGs can come around to EAC standards...I'll be a believer then.  KK |
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Bedrock of the Community
13014 Posts |
Quote:There are basicly three TPG's that are trusted,in order...PCGS-NGC-ANACS. No there's four with ICG and many people believe ICG to be superior and more consistent grading than ANACS myself included. ANACS specials grading is by far the most all over the place and inconsistent I have experienced from any of the TPGs and I have used all four of them multiple times. Quote:
See if TPGs can come around to EAC standards...I'll be a believer then. To get rid of details grading and just net grade everything? That's the major difference between how EAC members grade (which is all it is a members grade) and the TPGS. It makes sense for them because of what they collect, so many of the early copper coins would just be details graded if a net grading system wasn't in place |
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Valued Member
United States
97 Posts |
EAC grading standards leave a lot to be desired. They work fine for the small community of copper specialists who use them. Consider this; I'm selling an EAC graded VF 1794 Large cent sight unseen. Can you describe the coin for us? Of course you can't. It may be net graded.
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Pillar of the Community
United States
5825 Posts |
TPG's are important to me for three reasons.
They are in order of importance to me:
1) Authentication: the coin is real, not a fake or counterfeit
2) Originality: the coin has not been tampered with since it was released (cleaned or otherwise altered)
3) Grade: the coin by current standards has a certain Shelton number (1-70)
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Bedrock of the Community
United States
17884 Posts |
Quote:
I'm selling an EAC graded VF 1794 Large cent sight unseen. Can you describe the coin for us? No because you haven't given the "full" EAC grade. The full grade includes the sharpness grade, description of defects if any, and the net grade after the defects are considered in. The same argument can work witha PCGS coin as well I have a Barber half graded MS-62 can you describe it or buy it sight unseen from just that description? No, it might be an AU coin with superior eye appeal that they feel would bring 62 money so they called it a 62, or it might be an average coin that is baggy just a straight 62, or it might be a superior strike coin with poor eye appeal or too many marks that they net graded down to 62 (and they do do that). Without the full description neither system is going to permit you to know what the coin really looks like. That's why the sight unseen market never worked. |
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Pillar of the Community
United States
8715 Posts |
Quote:
EAC grading standards leave a lot to be desired. They work fine for the small community of copper specialists who use them. Consider this; I'm selling an EAC graded VF 1794 Large cent sight unseen. Can you describe the coin for us? Of course you can't. It may be net graded. IMO, incorrect. The same can be said of TPG grading. I NEVER purchase coins sight unseen. A TPG could just as easily grade a coin, say, F-12, but it might be net graded from VF-20 due to environmental damage, especially early copper. So either way has its downfalls, both EAC grading and the TPG grading. |
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Pillar of the Community
United States
3324 Posts |
OK, I apologize if this is "thread hijacking." Condor made a statement that opened my eyes about TPGs: Quote:
it might be an AU coin with superior eye appeal that they feel would bring 62 money so they called it a 62 I was afraid of this. I know I've seen slabbed coins that were given MS grades and I was pretty certain that I saw wear (however slight) on the coin. If this is common practice by the grading services, I will have to be even more diligent in my review of the slabs. I'm not an encapsulated coin fan by choice, anyway. If a coin deserves a 58 then it should get a 58 and let the market determine the price, not the grader. If I'm off-base I would welcome "considered correction." Edit: corrected quote tags "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
Edited by Bump111
08/13/2018 4:44 pm
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Bedrock of the Community
13014 Posts |
Quote:
I was afraid of this. I know I've seen slabbed coins that were given MS grades and I was pretty certain that I saw wear (however slight) on the coin. If this is common practice by the grading services, I will have to be even more diligent in my review of the slabs. I'm not an encapsulated coin fan by choice, anyway.
It's not exactly as they said with the if they feel the price is a 62 price. Rather it's a change that has been happening with grading itself for many many years now. The hard-line between AU and MS has been eroding and quite frankly it should it was always silly having two systems on top of each other instead of a continuous one. I fully expect that trend to continue. What it really is it that for a long time now something is no longer stuck in AU purgatory when its a pristine coin except for the slightest rub on a high point or two. |
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Pillar of the Community
United States
8715 Posts |
IMO, if a coin exhibits wear, it needs to be AU or lower. I'm not going to "market grade" something because it doesn't have much rub.
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Replies: 13 / Views: 3,300 |
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Posted 07/19/2018 12:44 pm
