Comments on: Coin grading?

By: Man

Man — Thu, 01 Oct 2009 10:21:17 +0000

Short answer is no.

Find coin shows, get the greysheet and if you insist on grading start with a small submission to either PCGS or NGC. Personally I like PCGS.

Remember you can always your money when you resell the coins.

By: michaelknight_2000

michaelknight_2000 — Tue, 29 Sep 2009 12:02:53 +0000

I am a coin collector myself. I have an unquenchible desire for Morgan’s they are by far the most beautiful U.S. Silver Dollar. I have 9,000 MS-64 or higher Morgan’s in my personal collection all are slabbed by pcgs or ngc.

I use both PCGS and NGC grading service as my coin grading service providers.

I submit alot of coins to both for slabbing. NGC gives me a better price $16.50each if i submit 5 coins at a time.

Value’s of coins vary depending on mintage year, condition, issuing mint. There are 70 total grades where it pertains to issuing a grade for a coin.

When grading a coin the coin travels to 3 separate individuals at the grading service. each grader will issue a grade to the coin. Once it is through this process the grading service will determine the exact grade to be given any particular coin.

It is then reveiwed by one last individual prior to slabbing the coin. Once this process is complete the coin is then shipped back to you.

Benefits of using PCGS or NGC grading service is simply because, the grades assigned to the coin, is kinda like having the actual value of the coin in cash in your pocket.

I sometimes take a few of my morgan dollars to a coin dealer, and obtain a 92% of their listed value loan against them. Why i do this is simply so i can buy more coins if i’m short of cash.

I repay the loan within 90 day’s at 6% annual interest. A majority of uncirculated Morgans once graded usually fall into the Mint State MS-62 or 63 grade.

I recommend you get online and buy yourself a copy of the greysheet and blue sheet at it’s the bottom line for coin values used throughout the world.

By: muncie birder

muncie birder — Mon, 28 Sep 2009 00:22:41 +0000

Add some additional data to the 1st responder. If many of your coins are common dates and also obviously not of 65 quality, you will be wasting your money getting them slabbed. As the first responder mentioned PCGS and NGC are the only grading services you should consider. The others are of dubious quality.

By: CuriousGeorge

CuriousGeorge — Fri, 25 Sep 2009 12:58:03 +0000

Coins that are of low mintage and/or of high grade (MS-63 or better) can differ enormously in value from one grade point to another. Before you spend $30 per coin for grading, you should get a copy of the Coin Dealer’s Newsletter (a weekly newletter costing around $3.50) and see which coins have the greatest price imrpobvement from one grade to another (see link below). Certain Morgan Dollars can differ thousands of dollars in price from MS63+ to MS66, so accurate grading would pay for itself.

Alternatively, you could take the coins to a local coin show, and shop the coins to the various dealers at the show to see what values they would be willing to pay.

The most reputable coin grading services are NCGS & PCGS. Although there are many more grading services, coins graded by these two services are often traded sight unseen (a valuable attribute).