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 Replies: 26 / Views: 6,870 |
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Bedrock of the Community
United States
10982 Posts |
Quote:
I kept hearing "high end coin" but was never quite sure in what context it was meant.
I just use $100 as a cut off point. If the coin's valued under $100, I don't even consider submitting it to a TPG. |
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Bedrock of the Community
United States
14454 Posts |
Quote:I just use $100 as a cut off point. If the coin's valued under $100, I don't even consider submitting it to a TPG. I totally agree, I have always felt if the coin was worth less than 100.00 it wasn't worth the price you had to pay to send it to get graded and the time it takes to do so. Now looking at some of the coins that is sent in to be graded I sometimes think I am in the minority instead of the majority because I have seen allot of coins in slabs that I would never waist my time doing so. I can only imagine they were hoping for some super high grade when they did so just as I thought when I first started out and sent in my first submission. I have seen some graded coins sell for under 10 bucks and I don't know even if they submitted a large number of coins how they could justify that as far as price wise |
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Pillar of the Community
United States
709 Posts |
Quote: I have a limited experience with third party grading companies, and not at all satisfying. I joined what most people would call the top TPG. I submitted my 8 complimentary (according to the TPG) coins hopping for great things. About 3 weeks later my coins came back. Half of the coins were graded half were in genuine holders. The half that were graded were graded low enough not to be of significant value. The coins that would have value at any grade were all in the genuine holders. There are several reasons for this. (1) Each third party grading company uses THEIR own grading standards.(2) People submitting coins need to be able to grade accurately. (3) They need to be able to grade to the third party grading company they are submitting to. |
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Valued Member
United States
287 Posts |
PCGS is likely the most consistant and strict
NGC is just behind, but my favorite as I prefer their slabs
ANACS is nice in that they will slab "problem" coins instead of just send them back...cleaned, artificially toned, etc should be slabbed by them unless policy has changed
I dont know about the rest
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Pillar of the Community
United States
709 Posts |
I only use PCGS. I have submitted over four hundred raw Morgan dollars over the course of seven years. I had only seven come back with issues. Three of these were last year. The best advise I would give to someone is learn to grade to the third party grading company you wish to use. |
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Pillar of the Community
United States
2757 Posts |
Each company has their strengths (useless trivia of the day: strengths is the longest one syllable word in the English language!) and weaknesses.
I like NGC and PCGS for my coins over $500, where a slight difference in resale value makes it worth it to have it slabbed from one of these companies. I do have some very rare coins with errors on them - with about 30 estimated to survive, worth just $50, that I do like to get slabbed.
I strongly prefer ANACS for error coins. Their determinations are very well respected & they do the job right, and are much more accessible to the average collector than the other two companies.
So, it partially depends on what kind of coins you'll be getting slabbed.
Edited by robbudo
01/23/2011 08:07 am
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Pillar of the Community
United States
2757 Posts |
If you're in the market to sell the coins, take pictures BEFORE you send them away. pictures won't always turn out the same when they are in a plastic slab that relfects light and will eventually have scuffs on them. Study the coins hard before you send them in, try to come up with a grade. There is a bit of a learning curve with submitting coins - that is, will some come back cleaned or damaged? spending some time with them before you submit, then comparing your notes with the actual grade you get from them will put you in a more informed position with the next set you submit.
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Valued Member
 United States
82 Posts |
Bherring & Bryan .... Yes, setting an amount where the return is still worth the investment is a good idea (writing it on the list) and $100 seems to be a good place.
robbudo .... I wish I had the time to invest in learning to grade coins, however, I've had 'recoginition and retention issues' in recent years and it now takes a lot more time and effort for me to learn well and properly and also retain the information so I have to depend more on others nowadays. Your words are wise and an example of why I feel I can depend on the opinions of the folks here. Thank you for posting.
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Valued Member
United States
460 Posts |
How about gold coins like a 1853 $1 and $2.50. They are in the $350 to $450 range. For these type which do you guys prefer?
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Bedrock of the Community
United States
10982 Posts |
Quote:
How about gold coins like a 1853 $1 and $2.50. They are in the $350 to $450 range. For these type which do you guys prefer?
Both PCGS and NGC are fine for these with a slight edge to PCGS. ANACS and ICG will do if determining authenticity is the goal. |
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Pillar of the Community
United States
1348 Posts |
whata re the cost differences between PCGS and NGC?
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Replies: 26 / Views: 6,870 |
First Page
Posted 01/22/2011 04:11 am
