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Valued Member

United States
220 Posts
 Posted 05/09/2020  4:49 pm Show Profile   Bookmark this topic Add navycapt1635 to your friends list Get a Link to this Message Number of Subscribers
Hello all.

I am a retired guy who inherited (from my great uncle) a modest collection of US and foreign coins/sets. I read a lot of verbal descriptions of the different grading characteristics and have looked at many coins on ebay and some of the coin sites. I admit to being inexperienced, but I am educated and knowledgeable, so I went through my coins and gave them all grades. My collection has about 1,000 coins and a few sets, about 20% of which, by my grading, are worth more than about $20 each. In 2013, after doing some research, I sold some of my coins (mint/proof sets and a few of the better coins) to a local dealer. As most amateurs are, I was very disappointed in what I got for them, so I studied a lot more and, after buying a Greysheet, was still pretty disappointed, even though the dealer thought that my grading was "pretty good." Over the past several years, I have studied some newer web sites on coin grading and the photos and/or drawings have helped me fine tune some of my grading. I have three questions about grading and pricing. (1) Are older coins (early to mid 18th century) graded in the same way as modern coins? It seems like many of the NGC/PCGS certified coins online are graded at least a full grade higher than I would grade them. (2) regarding pricing, I have read that the grey sheet represents current dealer to dealer prices. Is that true? (3) Which site(s) do collectors use as the better guides for pricing? I would like to post photos of a few coins and get some advice as to how my grading is, if that is possible. I hope this post is acceptable. Thanks for any help.
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Pertinax's Avatar
United Kingdom
2133 Posts
 Posted 05/09/2020  6:16 pm  Show Profile   Bookmark this reply Add Pertinax to your friends list Get a Link to this Reply


Graded coins of all ages are graded in the same way; on the degree of wear perceived on the two faces of the coin.

I quite agree that many coins graded by NGC/PCGS (and others) are overgraded. In British auctions, it's quite common to see things like ...VF (slabbed NGC AU55).

I don't normally buy slabbed coins for that reason but I did once buy one. It was an 1888 nickel slabbed EF40 but I didn't think its grade should be more than F15 and my bid at the auction was based on the lower grade.
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Dorado's Avatar
Canada
24885 Posts
 Posted 05/09/2020  8:13 pm  Show Profile   Bookmark this reply Add Dorado to your friends list Get a Link to this Reply
To the Forum.
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jbuck's Avatar
United States
188213 Posts
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walk2dwater's Avatar
Canada
2576 Posts
 Posted 05/14/2020  09:12 am  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply

Quote:
(1) Are older coins (early to mid 18th century) graded in the same way as modern coins? It seems like many of the NGC/PCGS certified coins online are graded at least a full grade higher than I would grade them. (2) regarding pricing, I have read that the grey sheet represents current dealer to dealer prices. Is that true? (3) Which site(s) do collectors use as the better guides for pricing? I would like to post photos of a few coins and get some advice as to how my grading is, if that is possible

Welcome back to CCF
I'm a banknote collector myself (over 40 years) but thought I'd take a stab at answering/addressing some of your questions b/c I've seen collectors from both hobbies ask them so often.

First thing you want to do is learn to navigate these sites so that your question gets exposure to the right # of experts (who can chime in here)
1) Grading is a HUGE (& often controversial) subject, as "Pertinax" eluded to, because it is subjective (coins/notes assessed by people who use standards which may or many not be completely objective). I'm sure your observations have merit as I've heard similar complaints about over grading (& I've seen many banknotes over graded)
Try posting your WORLD coin questions re: grading here:
http://goccf.com/f/135
Your USA coin grading queries:
http://goccf.com/f/25
2) if you go to a dealer expect dealer pricing (which isn't what you would get if you were to sell directly). Any shop (pawn, or gold buyers too) must pay the rent & they will factor in the cost of reselling your items. If you're unsatisfied with the price you got, then maybe try ebay?(but realize they'll charge you to sell your item too)
3) Once you've given this site a try, you can list your items here (once you've been a member for a while). There are a number of sites Although not comprehensive, I have listed a number of collector sites: https://sites.google.com/view/notap...sites-forums
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JGpenny's Avatar
Canada
153 Posts
 Posted 05/14/2020  11:52 am  Show Profile   Bookmark this reply Add JGpenny to your friends list Get a Link to this Reply
Welcome - that's Really nice your great uncle left you all that coinage!
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United States
5207 Posts
 Posted 05/15/2020  10:14 pm  Show Profile   Bookmark this reply Add jack jeckel to your friends list Get a Link to this Reply
Valued Member
United States
220 Posts
 Posted 05/16/2020  09:12 am  Show Profile   Bookmark this reply Add navycapt1635 to your friends list Get a Link to this Reply
Thanks to all of you who have been so kind to help this coin amateur with some great advice. I need all the help I can get!
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okiepb's Avatar
United States
1213 Posts
 Posted 05/19/2020  7:02 pm  Show Profile   Bookmark this reply Add okiepb to your friends list Get a Link to this Reply
navycapt1635

It sounds like your uncle left you a fairly sizable collection.
I think walk2dwater gave you some good answers to your questions.
We're looking forward to seeing some pictures!
Valued Member
United States
220 Posts
 Posted 05/19/2020  8:53 pm  Show Profile   Bookmark this reply Add navycapt1635 to your friends list Get a Link to this Reply
Thanks. I'm working on my photography setup.
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