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 Replies: 14 / Views: 2,580 |
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Valued Member
United States
75 Posts |
Hello again. I've got a handful of coins I think I'd like to have graded. I'm signed up on Heritage Auctions and have explored their site. They seem to highly encourage professional grading of coins (under certain conditions) and it seems they'll serve as the "middle man" between the collector and the TPG. Generally I try to avoid middle men and just go direct to the source. But I thought I'd run this by the experts to see what you all think about submitting thru Heritage or just sign up directly with PCGS or NGC. I appreciate all responses but I'm not too interested in a discussion about which grading service is preferred--I've read PLENTY about that! So: Would you use Heritage? Or go straight to The Man? Thanks a million.  |
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Pillar of the Community
United States
2443 Posts |
I don't get what your saying. Are you saying that you would send your coins to Heritage and they will give their opinion on it and then they'll send it to a TPG? I didn't know that Heritage did this. Either way, your best bet would be to do it yourself. You might also want to consider ANACS or ICG because you don't have to join them and pay a yearly fee and they will grade problem coins. So if a coin comes back cleaned, at least it will get slabbed where as PCGS and NGC will just return it back to you ungraded. |
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Bedrock of the Community
United States
12437 Posts |
Unless you are also going to be auctioning your coins through Heritage, I see absolutely no point in doing this  Heritage encourages professional grading because they only auction slabbed coins. |
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Valued Member
 United States
75 Posts |
Amazon--I haven't talked directly with Heritage. I just gathered from their site that if someone would like their coins graded (since they deal in large volumes) they offer a convenient service. They recommend first sending them a list of the coins and their expected grade and then they suggest which ones would be good candidates for grading. Like I said, I prefer to cut out the middle men, but maybe their expertise is worth the trouble...I don't know, that's why I'm asking here. Biokemist--I'm pretty sure I've seen "raw" coins featured on Heritage. But that's alright because the vibe I'm picking up from you and Amazon is starting to talk me out of the idea...which is fine, I asked the question to receive honest answers. I appreciate the feedback--and encourage anyone else with some experience in this matter to respond. |
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Bedrock of the Community
United States
12437 Posts |
Heritage has auctioned raw coins in the past(90s and early 2000s) but I have not seen a raw US coin in years. I do believe that they still do some raw World stuff though.
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Valued Member
United States
75 Posts |
I see.
I've been doing a lot of research lately and scouring their archives so maybe that's where I got the impression of seeing raw coins.
Thanks again.
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Pillar of the Community
United States
2443 Posts |
I don't believe they do raw coins anymore, but I'm pretty sure they will make a few excepts (like an 1804 dollar, or a 1913 Liberty nickel). I would guess Heritage's service is dealing with some who has a collection of coins and they need someone's opinion on it or if they have some mega rare coins and want Heritage's opinion as to what they would grade or their chances of getting a higher grade at a different service. Your best bet would be to submit directly. |
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Valued Member
United States
75 Posts |
Thanks again for the advice, I appreciate it.
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Pillar of the Community
United States
1984 Posts |
Heritage ultimately just wants to sell your coin. Avoid the long distance middleman if possible, it's just more chance for mishaps to befall your prides/joys.
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Valued Member
United States
75 Posts |
Yup, I guess that settles it then. Sort of what I thought, just wanted to make sure.
Thanks again.
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Pillar of the Community
United States
1415 Posts |
You said you had a 'handful' of coins. If you are going to get them slabbed, you might want to get an idea on how much you think each one is. The public library usually has copies of Krause around!
First if PCGS looks at your coin, it charges even if they determine that the coin has issues.
Second if you are going to sell, will the buyer 'pick up' the charge for slabbing. A coin that would sell for $40 in the 'raw' state, might no sell for $50 slabbed.
If you have questions, post pictures here. We will gladly give our opinion.
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Valued Member
United States
75 Posts |
Thanks!
No pictures yet. I've spent too much money on coins and don't have a proper camera.
I've already signed up with PCGS so I'm just gonna follow thru.
Basically what I've got is a couple of CC Morgans. A couple MS65 Morgans. A 1921 Peace. And a 1911 $2.5 Indian that I believe is at least MS60.
I don't really have any intent to sell right now but would like them graded for "personal" reasons.
I appreciate all the feedback. Thanks again.
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Pillar of the Community
United States
2373 Posts |
Join ANA or NGC directly and use NGC services. That's what I do. |
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Valued Member
United States
75 Posts |
I did waffle between NGC and PCGS but sort of settled on PCGS because it's my understanding they (presently) seem to carry a greater "weight" than NGC.
But certainly NGC seems quite reputable.
Would you care to explain why you chose NGC?
Thanks.
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Pillar of the Community
United States
2443 Posts |
nlp probably did that because if you join the ANA then you don't need to be a member of NGC to submit your coins to them, which gets rid of the membership fee you would have to pay (like in PCGS). |
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Replies: 14 / Views: 2,580 |
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Posted 07/23/2008 03:06 am
