I am new to coins and have the opportunity to buy a collection that my Grandmother inherited. I have done lots of research and have had them at a couple dealers to see if they thought they were real and get bids for the entire collection. The dealers all think they are genuine. Two dealers thought sending them in to get graded would be best, one said it wasn't necessary and if they were graded it wouldn't increase his bid (he had the highest bid by far). I am interested to know what others thought of getting these keys and semi keys graded and which service would be best. I lean towards PCGS as they seem to be the best with the best values, but some have problems and I am not sure they will grade without problems. NGC will apparently grade coins with problems, but end values are slightly less. I would have to join either one to send coins in and would prefer to only join one club. I would not plan on selling them, but want to do what is best for future values and for protecting the coins. Any opinions would be valued. Some of these coin pics were posted before. 1877 Indian head 1909 S VDB (Upper Left)
That 1958 is common, shouldn't be graded. That off-center is also common, shouldn't be graded. That thing with no date is PMD, shouldn't be graded. The others are rare and all should be graded by NGC.
Or PCGS or ANACS. ICG does a pretty good job too. You can visit their websites for pricing information. I do have a few concerns with the '09-S VDB. There's a strong hit to the rim at 1 o'clock on the reverse, plus the obverse looks a bit suspicious to me. It look like it might have been cleaned, though it could probably just be the lighting in the picture.
Ok, for all the rare coins, they should be sent to PCGS. NOT ICG or ANACS. NGC is a great company dom't get me wrong but PCGS coins are more highly regarded and sell for more when the time comes to part with your coins. Also PCGS has the best holders in my opinion. Just whatever you do DONT send them to ICG, they used to be a great company but then the owner started over grading his collection to feetch higher prices and that ruined his company, also, when was the last time one of ICG's coins made it to the list of 100 most expensive coins sold at auction? PCGS and NGC basically have all 100 of them with PCGS having the most. Even though PCGS is more expensive to grade than ANACS or ICG, theres a reason for that. Its like you could buy a car for 500 dollars that runs or you could buy a car for $50k that runs also but is more highly regarded. Sorry for the mini-rant but I just want to make sure you do the best for your rare key date coins
Will the 09 s vdb grade with the damage on the back by "unum"? I posted it in the "what's it worth forum" a couple weeks ago and some didn't think PCGS would give it a grade. I would hate to pay $50 to get it graded when it will come back as damaged.
Choose either PCGS or NGC - they are the top two grading services, and go for it! And if you choose NGC, don't let it sell less than if you had chosen PCGS.
It might come back as damaged....or bodybagged. But then you can send to the other service at some time and see what happens. Best thing for those is to have them graded, as they will be worth more that way to you, and give them more protection. But don't think of this as wasted money, think of it as an investment in having the possibility of a higher price on the sale if/when you or your heirs go to sell it.
1877 - ANACS for the details holder, corroded 1922D plain - ANACS, looks cleaned, genuine, details holder 1914D #1 - PCGS, it might grade but the reverse corrosion looks to have been conserved with olive oil (reddish now), F-VF 1909-S IHC - PCGS The others are not worth grading or will not grade IMO.
To add I would still get the 09 s V.D.B. certified. because of the condition, I rather have it come back as "geniune" then nothing at all because this way at least I know it will be a real coin. I would disagree with the ANACS holder..Mainly because the quality of the company has been going down. My thoughts is the 22 plain does look clean but because of the rarity they may give it a VG grade 1914-d, I agree with Badthad on ths and the same with the 09-s IHC. I would liek to see the reverse of the 31-s, if it is as sharp as the obverse, I think it would have a chance of a MS62-63..good have gone higher if there was more luster.
Yea, I forgot the SVDB....I agree....genuine slab is better than no slab. They still hold nice premiums in a details/genuine holder.
1877 to NCS and on to NGC. It might just grade. All the rest to PCGS except the 1958 and the error coins. The first 14-D, the 31-S and the 09-S Indian might grade. Even genuine holders are good if you have plans to sell the coins.
Here is the back of the 1931 S. I joined the PCGS and will get 8 "free" submissions with the membership. I think I will send them in and see what happens.
Yes, ANACS grading skills are questionable, but all you want are the coins to be authenticated. So far as I have heard, ANACS does that as well as anyone. However, I would give the 22- a shot at PCGS just to hope. And as for the 31-S, I would only certify if you were leaving it for your heirs or selling. The price on that is so flat it would not pay to certify it.
Got my coins back, guess the grades I ended up sending in 8 coins total and got them back a few weeks ago. I needed 8 coins for my free submission so I put a few lesser value coins in with the bunch. Pictures of most of the coins have been posted in this thread already and I added pics of the last few I sent it. I will wait a few days to post the results in case anyone wants to take a guess at the grades. I will give a hint that 3 of the 8 coins came back as genuine with details. Here are the coins that I sent in: *Pictured already in this thread 1877 Indian Head Penny* 1908-S Indian Head 1909-S Indian Head* 1909-S Lincoln penny 1909-S VDB Lincoln* 1914-D* (The first one pictured in post #2) 1922 Plain Strong Reverse* 1931 S*
1877- genuine 1908-S 40 1909-S Indian 45/50 1909-S Lincoln 45 1909-S VDB genuine 1914-D 20 (possibly genuine) 1922- 30 1931-S genuine
Results from PCGS grading These are the first coins I have ever bought or had graded. I was happy with the grades they came back with since I thought a few more might come back with a details grade. [TABLE="class: datagrid"] [TR="class: rowone"] 1877 1C USA G04BN [/TR] [TR="class: rowtwo"] 1908-S 1C USA XF40BN [/TR] [TR="class: rowone"] 1909-S 1C Indian USA VF30BN [/TR] [TR="class: rowtwo"] 1909-S 1C Lincoln USA AU50BN [/TR] [TR="class: rowone"] 1909-S VDB 1C USA Genuine - VF Details (98 - Damage or Tooling) [/TR] [TR="class: rowtwo"] 1914-D 1C USA Genuine - Fair Details (98 - Damage or Tooling) [/TR] [TR="class: rowone"] 1922 No D 1C Strong Reverse USA VF30BN [/TR] [TR="class: rowtwo"] 1931-S 1C USA Genuine - UNC Details (91 - Questionable Color) [/TR] [/TABLE]