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 Replies: 11 / Views: 2,089 |
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Pillar of the Community
United States
723 Posts |
OK, do I have this right? I have five nice Washingtons that I would like to get authenticated. Graded too. Sending them in to NGC seemd like the thing to do. Join ANA $15.00 Send in the minimum of five coins economy tier 5 X 17 = $85.00 NGC "handling charge" $8.00 Shipping to NGC $8.50 Shipping back from NGC $8.50 Insurance to NGC $10.00 Insurance back from NGC $12.00 That's $147.00. Thirty dollars a coin. Am I doing something wrong? How can I do better? |
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Pillar of the Community
United States
7840 Posts |
Gather five more and submit to ANACS. They have a special during the month of October; 10 for $100 (restrictions apply), return postage included! http://www.anacs.com/contentPages/S...Special.aspx...or submit them through an authorized dealer, and circumvent some of the fees. NGC and PCGS are tops in the TPG, but I don't like their membership fees. ANACS does not have any membership fees. Edited by oih82w8
10/01/2011 12:43 pm
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New Member
United States
47 Posts |
You become a member of the ngc collectors club for $109.00 and get to submit five coins with the voucher you get.
PCGS does it this way too but its almost 200 to join with them.
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Bedrock of the Community
United States
12437 Posts |
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Pillar of the Community
 United States
723 Posts |
This started with an early Washington that I bought online, and that I believe may have been dipped. About a $100 coin, that I feel I may have gotten beat.
Then I started thinking about another early Wash that I know has been cleaned, and I carried it in my pocket for a few weeks to wear the cleaning off of it. I hate that coin, but might hate it less if it gets certi-fied. At least if it is certified I would have no qualms about trading it.
Then I have a 1/2 dime that was a gift from a relative years ago that just feels like it deserves to be stabbed.
And my '32-D and my '32-S.
Etc.
What are your thoughts? Why the question?
Jon
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Pillar of the Community
United States
2596 Posts |
It all depends on if you WANT to spend the extra money on the coins. I usually only grade certain coins that I think are really nice or part of a set and that I don't want damaged. I like NGC the best because of their holders and details grading... don't like PCGS's 0 grade. Anacs is the cheapest of the top TPG's and ICG is ok too. I don't buy the coins according to the TPG grade but because of the coins. If you wanted to sell them you might get someone to pay you a little more if you graded them. Slabbed coins are mostly for auctions or if you wanted to sell them they give the buyers insurance that they arent getting ripped off by a greedy dealer who overgrades and that they are genuine. Edited by jessvc1
10/09/2011 10:13 pm
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Pillar of the Community
United States
1554 Posts |
God almighty! Why would you want to submit a coin that isn't worth at least a thousand dollars? And even with that being said, a slabbed coin will not necessarily guarantee you anything!
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Moderator
 United States
16679 Posts |
I usually use the $200 rule. If a coins FMV is at least that, it does not pay to submit them.
Now, if you have a certificate for say, 5 free submissions to PCGS or NGC for joining their "Collectors Club's", that's a different story.
I usually use ANACS for coins valued under $200 if I just have to submit a coin.
swcoin.ecrater.com
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Pillar of the Community
United States
723 Posts |
1893S, there is the possibility that not everyone plays in that $1000 coin league. I know I do not, and I would suspect the majority of people on this forum do not as well.
And yet I feel my $200-300 coins "deserve" a certification. Not necessarily a grade, I feel I am getting somewhat less incompetent at assigning a grade to coins that I am familiar with. More for the assurance that there are no problems with the coins. So I am more confident that they deserve a spot in my humble collection.
Anyhoo, God Almighty will note that I did indeed bundle them up and sent ten of my finest to ANACS for their $100 special. Not a bad deal, and I expect to get more than $100 worth of satisfaction out of it.
Thank you oih82w8 for bringing that deal to my attention.
This is not a business for me, this something I do for enjoyment.
God Almighty most certainly understands.
Jon
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Pillar of the Community
United States
1554 Posts |
Didn't mean to rile you, I'm really serious about wasting your $ on slabbed coins unless necessary. Read books on grading, cleaning, etc. and learn what you need to so you can determine things by yourself. Also coin clubs in your area could be fun! This is very important if you want to continue coin collecting. My $1000 figure is what I personally think is a bare minumum to have this done and I still wouldn't do it. It doesn't really add value and means you have spent more $ on a coin you've already purchased when instead you could by another coin or two...Good luck and hope you enjoy this hobby for years to come.....1893S
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Moderator
United States
16679 Posts |
Also, I use TPG's, most specifically PCGS to give my most precious coins long term protection that a "flip" just doesn't offer. I also like they are sonically sealed. Those two reasons are the primary ones besides authenticating (if there is a question there), for using TPG's. I can care less what their opinion is on the coins grade, because that's all it is, an opinion. swcoin.ecrater.com
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Pillar of the Community
United States
1554 Posts |
I agree with you whole heartedly Vermontensium except that I just don't know about the long term protection. I'm not convinced of this as I have coins I bought in the 1960's in flips and also just in boxes and they still look the same as when I received/bought/etc..them. No tarnish, dulling, changes in appearence. Oh well to each their own....Good luck!
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Replies: 11 / Views: 2,089 |
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Posted 10/01/2011 12:10 pm
