| Author |
 Replies: 9 / Views: 1,033 |
|
|
Valued Member
United States
55 Posts |
I am a newbie and have inherited a lot of coins. I really want to create some cash from some of them in the next few months. What is the advantage of getting coins certified by a 3rd party? If I listed on ebay, should they be certified by companies like NGC? Do you get less money if it is not certified? Sorry if this is a stupid question!  |
|
|
|
Forum Mom
 United States
5877 Posts |
This is definitely not a stupid question at all.  Whether or not to get a coin certified depends quite a bit on the condition and value. Common date Morgans, for example, if it looks like they will come back MS63 or lower are not worth slabbing. If it is felt that they could come back MS65 or better, I would slab them. This is true of many series. You can post pics in the coin grading practice section and get opinions of the coins you are considering getting certified. As a rule, coins certified by PCGS, NGC, ANACS, or ICG command higher prices. The question is whether the price they will realize will compensate for the grading fees. A common-date Morgan in MS63 condition will tend to bring around $30. If you paid $15 for it, then chances are you would not recoup the money paid in grading fees. |
|
New Member
United States
32 Posts |
To add to what Susanlynn9 said, a helpful exercise would be to look up the value of your coins on a website like this one: http://www.pcgs.com/prices/frame.ch...rgan_regular. This happens to be the Morgan dollar values but they have a price guide for most coins. If you find you have a less common coin (like a '93 S Morgan) it would be worthwhile to get it graded, regardless of condition. |
|
Pillar of the Community
United States
7123 Posts |
Hi rbachman The PCGS price guide is set extremely high in most cases and does not give a true representation of value !! Please post pics of your coins and lets see what kind of concensus grade we can come up with,, decide from there which coins you may want to have graded by a TPG and for some series which TPG!! Rick |
|
Forum Mom
United States
5877 Posts |
I just realized that this topic was in the Grading Practice section. I moved it to the Main Forum where I think it will get more visibility. If you decide to post pics for grading, they should be posted in the Coin Grading Practice section. |
|
Bedrock of the Community
United States
14454 Posts |
also to add what others are saying, there are some dates of morgans that should be graded at any condition, doesn't matter if they are ms-63 or above because some dates are so scarce they are rather expensive in even VF condition
Edited by Bryan1315
04/26/2006 07:54 am
|
|
Forum Mom
United States
5877 Posts |
That's true Bryan. I should have thought about that when I made my post above. This is true in many of the coin series, not just Morgans. Key and semi-key dates should almost always be certified, if for no other reason than to prove their authenticity. |
|
Valued Member
 United States
55 Posts |
I have an 1894 Liberty nickel that looks to me like it is incredible. I guess that I should post in the Grading Practice section. Now .. How to take the best picture in Macro mode? I have a Canon 3.2 digital that is a couple years old. |
|
Pillar of the Community
United States
7123 Posts |
hi rbachman
Macro mode, Take the pic at a distance that gives you a good clear pic,,with my camera that is about 3 to 4 inches crop and resize to under 100 KB.
click the camera Icon below the reply box ,select browse select your pic file open it and upload.
If you have problems let us know ,, we will get your pics posted !
Rick
|
|
Valued Member
United States
55 Posts |
I'm so glad that I found you guys/ladies!! You are a God-send!!  |
| |
Replies: 9 / Views: 1,033 |
|
Posted 04/25/2006 10:04 pm
