I'm not really interested in getting anything graded but I'd be tempted if these specials weren't US only.
I'm not sure I understand the Max value $ 500.00 per coin. How do you know the value until it is graded ?
I seriously doubt it, they just charge you whatever the standard fee is for that coin. If you send in a CC double eagle under the "special" they will catch it and most likely call you to ask if you want it back - or will pay the proper price for it. The folks at ANACS are actually really nice and embrace the hobbyist. I've had good luck with them and now have over 100 coins that they've verified and graded for me. But at the end of the day, you really should know what you are sending in - and the potential value. Due diligence as they say. This was my submission return from the last special they ran - Dollars and Cents. Quick turn-around and I think only 2 with grades that I disagreed with - but accept.
Dave it works like this..... Let's say you had a 1877 IHC in xf 45 raw well you know that that coin would cost more than $500. So if you sent it in and it was graded at xf 45 yes that would set off an alarm. As that coin in G-4 would be over the $ 500 mark. Now let's say you have a Morgan silver dollar. It's a common date but a nice coin. You send it in to be graded and by chance it grades higher then you expected . And the price jumps from a $100, Value coin to a $700 value with in one grade jump. That's not an issue. For the most part they are placing a value for insurance reasons. How much to insure for both in house,as well as when returning in postage to you. I think for the most part if you sent in 5 coins and 2 of the 5 graded put your invoice way over the $500 per coin for those 2 coins it should not be an issue. However they could also contact you and explain that you need to remit more to cover the cost both grading and or shipping /insurance . Now understand you could send in 5 coins at face value. I've never done so .....who knows what type of response they may give trying that.
My guess is that is just the max they are willing to insure it for, since return shipping is included. You can send a higher price coin, but max insurance would be $500.. so the gamble is yours.
Their special is 10 coins for $99 with a a max of 30 coins. What if I send 12? Do they just use the $9.99 per coin price for invoicing, or do I need to send in 10/20/30 coin units? Sent from my SM-N920V using Tapatalk
They are always very vague, so I just do what I think they mean, which would be 9.90 per coin. They have always accept my orders. I just picked 10 coins out.... now to get them ready for shipping.
The whole value thing is really to protect your stuff. They may knock you if it's clearly a coin that is worth way more (in which case it should have gone to pcgs or ngc anyway) but if you put on the forum that it is only worth 500 that is the max payout you can get if something happened to it. If you look around enough you can find rare cases of something happening and people complaining they didn't get full compensation because they knowingly under valued it. grade values are one thing but you are taking a risk if you try and slip something in that clearly shouldn't be there
I'm not meaning this to be snotty, but you would be better off submitting in bulk through a dealer to PCGS (where you can receive discounted rates) and paying a little more than to send them to ANACS. I am not a plastic snob, but unfortunately, many collectors do not share my perspective in the larger market. If you ever intend to sell or potentially sell your coins, unless it is an esoteric variety like a VAM that PCGS and NGC won't attribute, you are hurting the liquidity of your investment. You can submit in bulk through national dealers for as little as $15.00 per coin for a PCGS economy submission and can negotiate better rates for larger submissions. Shipping and handling is actually cheaper when you submit in bulk because of the reduced insurance rates.
You're probably right. There's a few shops around, ones really credible but doesn't send in much. Even if he did he's not too friendly to do something like that with most customers. I've asked and have been told they don't have any orders to send in or something. It's not easy getting the ball rolling. Maybe I could find a dealer online, but then there's a trust issue since I'm not familiar with them or vice versa. I'm kinda new to the coin scene, since I'm a pretty solitary collector. Sorry for the ignorance
sounds like a good deal. I am just not a payer on collectors club fees (other TPG's)......can buy nice coin for that.
None of them actually have a fee. They both have options where the grading vouchers you get signing up are worth more than the sign up fee. The only way there is actually a fee is selecting the cheapest option without any vouchers which I would strongly suggest no one do.
http://hlrc.com/Home/Services Harry is on the PCGS Board of Experts, and has been in business for a long, long, LONG time.
I appreciate it. But I'd do economy and that's not much better than just joining ngc and doing it myself. I would afterall have to ship my coins to that place, pay for postage and insurance back, which seems like the same as sending by myself to a TPG (wanted to avoid this part the most)
