does it cost money to have coins graded?

I agree with what you've said above, but I have to take issue with your comment below.

Most dealers have a pretty good idea what a coin will grade (and if they don't they should!) and so they would know if it was worth the expense of the submission. Rarely, will they submit a coin for a $30 fee (or more) unless the value is fairly substantial or they got the coin at a very low cost. More often than not, they will submit lower-valued coins in bulk which can reduce the cost to $8-$10 each hoping that there will be enough high grades to more than offset the submission cost for those that grade lower.

Chris

 

Log in or Sign up to hide this ad.

This is supposed to be a joke, right?

 

Become a senator or congressman!

Chris

 

It isn't a rip-off if you know what you're doing, and the grading services like NGC and PCGS aren't forcing anyone to submit their coins for grading. The rip-off comes from the sellers who use high-pressure sales tactics and give you false or misleading information (like the tv coin shows) but this can be overcome by arming yourself with as much knowledge as possible.

Chris

 

Actually IMO it IS a rip off because in terms of what value youre getting for your collection; economically it can be useful sometimes for selling etc. Mostly because people rely on them way way too much.

 

It sounds like you may have gotten some poor grades or bodybags from a submission sometime in the past.

Chris

 

When the current crop of counterfeit Morgan dollars coming in from China can fool experienced dealers and you pay sixty to five hundred dollars for one tell me that a eighteen dollars submission fee is a waste of money.

Personally I long ago quit buying any coins for $100.00 or more unless I can see it in hand eBay and web site buys are all certified .

 

There only one thing free in life a hard time:devil:
Yes Ngc & Pcgs cost $$$.00
Anacs has the cheapest deal out there now
10 US coins $10.00ea & free return shipping.here the link below.
http://www.anacs.com/contentPages/Specials/2011Fall_Special.aspx

 

That may be true, but I'm divorced.

Chris

 

thank you chris!

 

:thumb:

Being divorced cut it by 1/2 & 1% of the time life is a
Hard time come in all shape & forums :devil:

 

It seems like the basic point here regarding the OPs question is: Why do you want to get your coins graded? Is it to sell them, or is there another reason?

 

I agree, give the new kid a break. hes new. but, It also wasn't the smartest question, but I had some stupid questions when I was new too.

 

okay, everyone, please stop with the stupid question thing, i'm new so i am asking questions about this stuff because i want to know the answers to them, not to have smart remarks as comments, and i don't want to but if i have to i'll have someone shut down this thread. and all of you that posted things like stlouiscoins, thank you, you know how i geel, it's not very fun...

@andyluw12 i am looking to have them graded for show pieces on my wall, because i have some shelfs that aren't being used.



thanks,
mizozuman2


P.S. sorry about the bad side, i have anger management problems so i like to get stuff out, it helps out a lot!

 

Indeed, anyone making negative comments probably shouldn't comment in the first place. As for the original question: Getting coins graded is not cheap. Is it worth it? Yes. IF you have valuable coins that are going to be sold eventually. Obviously, if you have a coin that you think is worth 40 dollars, it doesnt make much sense to pay someone 30 bucks to get it graded. Stick around here, ignore anyone negative, and you will learn alot.

 

thank you adam!

 

YES ! YES ! YES !

The whole grading industry is based on profits. Certainly no one is expected to provide their time and expertise for free. But you must remember that TPG's (Third Party Graders) are first and foremost profit oriented businesses. They market their service much as any other sector would. They try and expand their market base continually often competing among themselves for the clients. The benefit of this is that sometimes you can get a deal .

 

Possibly to authenticate them ? Perhaps to register a collection ? I mean, I have some graded coins that I am not interested in selling, and I see that Heritage Auction offers graded coins that the owner never intended to sell in their lifetime.

All I am saying is that not everyone involved in this, considers it a business solely for profit. Some people can afford to collect. That's what keeps the dealers in business. IMHO

gary

 

well, i have money, there's nothing to worry about there. i come from a family where both my parents work for the state. so i get an allowance of almost $100 a week(no i'm not spoiled, i work for it by doing work around the house and at my uncle's shop). so money is not the problem here, i just have some coins that i was wanting graded. i'll post pics of them to help with wether or not i should get them graded.

 

Going back to my original post about research, join NGC for free to start with so you can check out current values of your coins, and weigh those values against the cost of grading. This will help you to narrow down which coins make sense to have graded unless you are also leaning toward the conservation aspect.

It sounds like it could very well be smart for you to get these coins graded while you're young and have the cash-depending on what coins you have and condition, you could be making a good investment for your future should you need to sell them down the road. I have a few coins I'd love to send in, but with a daughter in college, a four year old at home, and bills to pay I can't part with the money. I hope it works out in your favor, but I do have to say this one more time: Do your research before you send any coins in and choose your grading service wisely (stick with the "big ones" like PCGS and NGC-this will help you immensly should you decide to sell).

Good luck-love to see your coins!