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| grading - U.S. Coin Collecting - United States Coins - TCCS Forums | |||||||||||||||
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Salty Member 
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So I have a question for you guys. I have some pretty nice coins I would like to get certified but it seems like a lot of money. From what I hear it's about 15 $ to certify a coin. How am I able to pick graded coins for like 7$ unless the person is getting a big discount? I saw that a membership to like pcgs gives you 8 free coin graded but than you pay for the rest and it's like a 200$ subscription. What is the best way to get coins graded cheaply. I live in colorado and I have contacted anacs and they said I can drop off and pick up coins so I could save money there but it's like 15$ a coin-for toned coins I would prefer ngc to try and acheive a star(I got a few im sure) but how can I get better pricing?
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DMPLs4Life Member 
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you cant lol
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kryptonitecomics TCCS founding member 
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Those people getting less than $10 to $12 per coin are losing money...bottom line. I know there are some bulk discounts for modern coins but unless the coins come back super high grade the sellers are getting beat up on the fees. Getting Pr70 or MS70 coins offsets a lot of these costs so depending on how many of those you get vs the dogs in your submission money can still be made. Actually in most cases it can cost you more than $15 per coin unless you are talking about Moderns...1955-present for NGC...and I think it's 1970 and newer with PCGS. A common date Morgan will run you at least $20 for grading and then if you have more valuable coins it can be $30+ You need to pick out your best stuff and only submit those coins you think are already valuable enough to warrant submission or those coins that look like they could be super high grade. Generally most coins worth $50 or less are not worth the cost of certification....some say $100 or less. The difference is that nicely toned coins can command multiples of guide so for example if you paid $25 bucks to certify a common date morgan in MS63 with spectacular color....it could still be $100 to $150 dollar coin and certification will add value to the coin as it gives a measure of assurance that the coin is most likely NT or at least market acceptable. If this didn't answer your questions, let me know and we can break it down even further 
____________________ Kryptonitecomics "AKA" Shane" "Give me color or give me death, white is only good for copy paper!!!!" 
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Salty Member
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thanks krypto I purchased your 1958/d roosevelt dime lot:) So I know they are not AT and from mint sets they should grade pretty high so would it even be worth it to certify a coin like this? The reason I ask is because I have seen plenty of coins with buy it now for like 7$ in fact I bought like 12 of them from one buyer. Got ms 70s ms 69s and even toned silver coins for like 7$ pcgs and ngc. Some weren't very old but still how can someone do this? seemed too good to be true.. Ill probaly go through anacs when i decide to grade a few coins just because i dont have a membership and they are local. Another question, when u go to pcgs' website they have a price guide. Is that would I should expect to pay for a coin in that grade or is that what I would expect to pay for a certified coin in that grade? What I mean is, should I expect to pay somewhere near the listing price and add on some for the actual certification? Because say a coin is listed at 3$ but how could it be only 3$ if it cost 5 times that just to certify it? Ill have lots of questions for you guys so get used to it.
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kryptonitecomics TCCS founding member
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Salty wrote: thanks krypto I purchased your 1958/d roosevelt dime lot:) The coins I sold are certainly NT but with an average grade of MS66 and with only so so color they aren't really worth certifying. I picked up a coin with similar toning to the one's I sold you for $3 on Ebay and it was an NGC MS66. The most I would expect any of those coins to sell for graded at the MS66 level would be $15 to $20 bucks so just a little more than grading fees. There my be a MS67 or two in the lot, matter of fact I would be suprised if there were not and those might bring more like $20-$40 but again your not going to make a lot reselling those slabbed which is why I left them raw. The coins you are buying off Ebay for $7.....the seller is losing money if he had the coins certified. If he bought them already grad4ed in bulk them maybe he is making a buck a coin or something like that but not much. The PCGS website is just a guide for what PCGS graded coins should be worth, not NGC or Anacs or raw coins. Take the gide with a grain of salt becuase in most cases the common date coins can be had for cheaper than the listed guide price. The more rare or hard to find coins are usually underpriced in the guide so.....a better way of judging the value of a coin would be to look at completed sales at Ebay, Heritage, and other big auction houses that may have that info available.
____________________ Kryptonitecomics "AKA" Shane" "Give me color or give me death, white is only good for copy paper!!!!"
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DMPLs4Life Member
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kryptonitecomics wrote: Salty wrote: thanks krypto I purchased your 1958/d roosevelt dime lot:)
+1, also another good reference is to sign up for the Graysheet, which they send you every week with the prices of certain coins. http://www.greysheet.com/
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Salty Member
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thanks thats pretty much what I thought...I really love collecting toned coins especially dimes tho. At one point I thought of having a full collection of certified toned dmes but I decided against it. Ill have to look up heritage don't know what that is.
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CHAMELEON Member 
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There is no way to get your coins graded at a decent price. I wish there was. NGC is the absolute worst grading company in my opinion. They are the most inconsistent grading company, and they can't tell natural toning from AT if their lives depended on it. I just some coins back from them. I sent a completely sealed 1963 proof set, and they bagged the half dollar for improper cleaning. From a government sealed mint set? What the hell? They could have at least made up something that made sense for the $15 I spent for the NGC "expert" grade. I'd go with PCGS if you are going to send them anywhere.
____________________ If you like colorful coins, check out my site...http://WWW.CHAMELEONCOINS.MYBISI.COM. |
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bestclser1 TCCS founding member 
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Both of the major TPGs have downsized their grading staffs due to cost control.You are not getting the same experienced graders that we had in the past due to cost issues.Right now,the doctors are getting so good that on almost all small coins,silver,and copper,many of the so called experts are having trouble telling if its real or AT,hence the increasing number of bodybags and Genuine holders.JMHO
____________________ Great coins are not cheap and cheap coins are not great! |
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Salty Member
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wow thanks
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| TCCS Forums > United States Coins > U.S. Coin Collecting > grading | |
