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Is It Worth Send Stuff To Dominion ?

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Valued Member

United States
373 Posts
 Posted 05/18/2009  04:10 am Show Profile   Bookmark this topic Add 909records to your friends list Get a Link to this Message Number of Subscribers
i have stared collecting about 8 month ago. I really like collecting the DDO and rpm's and stuff like that. and I have been lucky and have found alot of good stuff that I ahve posted on here in the error forum. but I have sent some stuff in to a grading company that was not the big 4 and I learned my lesson and wasted my money.

but I think the big four are very high priced and I just really want to get them graded and stored safely not really for resale.
like the new listing of a 1988 d rdv 006 die#2 I just found and had james wiles attribute and is on verityvista.
i got 4 1941 DDO #2 and 2 1917 DDO that I want to get graded also.
so I want to send stuff in to dominion they seam to have alot of big names in the biz grading for them .like charles daughtry,james wiles ect but I was just wanting some input if you guys think that I'm going to be wasting my money again?

any input would be helpful as I'm new to this and really confused with the grading company thing .

thanks
colleen
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 05/18/2009  11:47 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Dominion is the former PCI, having been bought by David Lawrence Rare Coins. They show every intention of being serious about what they're doing.

The DGS slabs I've seen have seemed fairly graded. They have a gallery of everything they've graded in high-resolution photos - I've always liked David Lawrence's imaging - so you can determine for yourself whether you like their grading or not. I saw a couple of examples of Morgans which I thought they might have been a bit generous with, but only a couple.

Best of all, they have a built-in venue for selling - DLRC Auctions, which has an established clientele.

They'll attribute your Lincoln varieties by CONECA numbers and Wexler numbers when CONECA hasn't identified the variety. For your purposes, I don't have any problem with recommending DGS.
Valued Member
United States
373 Posts
 Posted 05/18/2009  1:03 pm  Show Profile   Bookmark this reply Add 909records to your friends list Get a Link to this Reply
thank you for that that makes me fill a little better that I'm not wasting my money again
co
Valued Member
Canada
166 Posts
 Posted 05/18/2009  6:02 pm  Show Profile   Bookmark this reply Add steve kuznicki to your friends list Get a Link to this Reply
Don't do it!! "House" grading companies come and go. They are cheap because that is how the market values their service. They may be completely honorable but it takes years to earn market acceptance.

Unless you want an outside opinion for your own curiosity DON'T DO IT.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 05/18/2009  7:35 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
I just really want to get them graded and stored safely not really for resale.


What part of that did you fail to understand, Steve? If she had said, "I want to have these graded for resale," my answer would have been to forego DGS for PCGS.

You're entitled to your opinion, of course, but it ought to be better researched than yours was.
Pillar of the Community
United States
1231 Posts
 Posted 05/18/2009  7:42 pm  Show Profile   Bookmark this reply Add onejinx to your friends list Get a Link to this Reply
DGS isn't a "house" grading company. They aren't one of the basement self slabbers
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vermontensium's Avatar
United States
16679 Posts
 Posted 05/18/2009  8:15 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
I have never used DGS but have heard some nice things mentioned of their service. I'm sure their graders are experienced in grading and attributing your coins. And yes, they are not a "self-slab" garage operation.
swcoin.ecrater.com
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biokemist6's Avatar
United States
12437 Posts
 Posted 05/18/2009  9:21 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
With some of the ridiculous Wheatie finds you have had, I would say the signature grading would be a reasonable thing to do.
Valued Member
Canada
166 Posts
 Posted 05/18/2009  9:23 pm  Show Profile   Bookmark this reply Add steve kuznicki to your friends list Get a Link to this Reply
Dave, you also are entitled to your opinion. But...

Domain is a "House Brand" for Dave Lawerence. I have heard that name (DL)for many years, but I can't ever recall them ever running a major auction.

I've heard some good things about DMG also (in Coin World) but who knows who is behind that and realistically the chances of it ever being widely regarded as a top tier service are almost zero.

I believe that to direct someone to anything but a top 4 service is very poor advice. If you need someone to "grade and store" ANACS isn't much expensive cost and is INFINATLEY, is a recognized productand is infinetely more widely respected.

DGS is (at this point in time) not even widely recognized as second tier. It is a "house brand", no more, no less. Maybe it will be more some day, but no new grading outfit has gained much respect in many years. Do your homework. There is absolutely no reason to think this will be the exception.

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vermontensium's Avatar
United States
16679 Posts
 Posted 05/18/2009  9:53 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
I'm merely commenting on what I have heard of their services. That's all. I only send my coins to PCGS or ANACS. I rarely use NGC since I like the PCGS slab better. At shows, I'll buy a coin in almost any slab if I think it has all of the merits of what I'm looking for. As an example, I just purchased a PCI slabbed coin which I believe to be accurately graded and fairly priced.
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Valued Member
Canada
166 Posts
 Posted 05/19/2009  01:21 am  Show Profile   Bookmark this reply Add steve kuznicki to your friends list Get a Link to this Reply
Like you, really good graders ignore the "slab". I can't. While I have no problems with circulated grades, after 40 years of trying I still can't tell a really nice AU58 from a ms/pl 65. And I most certainly can not accurately tell a 66 from a 67. Since there are big price differences for 1 grade at those levels, and I will only take a 64 if it is the best graded for its type/ year, I MUST rely on the grading services. Collecting Canadian coins, ICCS (up here) is the standard. I'll accept PCGS at one grade lower. I'll take NGC at 1 grade lower if it has strong "eye" appeal. ANACS I accept as real and MS/PL if indicated, but there I trust my own eyes with the (refutable) presumption that it is 2-3 grades below ICCS and 1-2 below PCGS/ NGC. I don't know how to view ICG (other than genuine coins). All others (including DGS) would only be bought to crack out to a more recognized service, if I would even consider the purchase.
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xshift's Avatar
United States
2669 Posts
 Posted 05/19/2009  02:04 am  Show Profile   Bookmark this reply Add xshift to your friends list Get a Link to this Reply
Colleen, for your purposes (getting correct attributions first, with grade being secondary) I would definitely send to DGS. Chuck just signed on to designate varieties and Rick Snow is listed also (flying eagle and Indian Head cents). I haven't seen their grading so cannot comment on that aspect, but would have complete trust that my cents would come back with the correct designation
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xshift's Avatar
United States
2669 Posts
 Posted 05/19/2009  02:06 am  Show Profile   Bookmark this reply Add xshift to your friends list Get a Link to this Reply
Sorry.. by "their grading" I meant DGS's grading (Chuck and Rick and the other experts would pass it on to the graders, I'm sure, after specifying the variety). I keep meaning to go through some of their graded coin pictures to get an idea but haven't had a chance to yet.
Valued Member
United States
373 Posts
 Posted 05/19/2009  02:28 am  Show Profile   Bookmark this reply Add 909records to your friends list Get a Link to this Reply
thanks xshift and everbody as you can see being new to this it gets really confusing on what to do. I just was thinking that if these well know guys are signed to this company and are putting there name on it then I can't really loose.i could be wrong but don't mr wiles make the numbers that alot of this companys go off of. really confused but thanks I think I will roll the dice and I will post a few coins to show the grade

thanks everybody and steve alot of good points and thats why I had to ask so thank you

co
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 05/19/2009  6:54 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
I have heard that name (DL)for many years, but I can't ever recall them ever running a major auction.


Just so you know - I understand our experience varies widely - David Lawrence at any given time has two or three auctions running. Each consists of a combination of consignment and dealer-owned coins/currency, usually a few hundred examples. Each of these auctions ends with a net ranging from US$20-30,000 to as much as $1,000,000. The largest auction I can remember from them was the Richmond Collection a few years ago, which netted around $25,000,000.

They've been the dealer of record for quite a few very high-end sales. I don't know if you saw it in the news at the time, but they were the dealer of record for the finest-known 1914-S Barber dime - a coin which sold for $1,900,000 - and there were human-interest stories in the mainstream news about the guy who carried a 2 million dollar coin in his suit pocket on the airline flight to the new owner.

After the fact, of course.

So, when I endorse DGS, it's based on the knowledge that the firm undertaking the effort is one with a very large reputation at stake, and a lot to lose if the effort is perceived as self-serving.

Which is not to say I have complete confidence - far from it. The jury is still out, and will remain so for years. I agree completely with your assessment of what it takes for a grading concern to prove itself.
Valued Member
United States
373 Posts
 Posted 05/29/2009  02:23 am  Show Profile   Bookmark this reply Add 909records to your friends list Get a Link to this Reply
thought I would share two of the five I got back from dgs for your input on grading
i like them there fast and very will priced for the service and mike ellis even emailed me personally for a question I had . so it's the best so far that I have dealt with (anacas being one of them that took over 2 months to return the coins and charged 2x as much for the same amount of coins I just sent in and when I posted a coin graded by them several people did not agree on the grade) so I'm really wondering what you all are going to say about these grades

please tell me what you think and thanks super dave
thanks
co

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