Can anyone here afford submitting to NGC?

I did the $39 deal also and just send in coins thast will grade high or coins I know I can resell and make a profit.

 

Log in or Sign up to hide this ad.

NGC & PCGS offer deals at the larger shows. Drop 'em off the first day then pick them before the show is over. Also, they offer special show pricing.

I buy most of my my expensive coins already graded.

 

So do I. There's just a few loose ones I've picked up here and there through varying circumstances that I really like and would like to have them slabbed.

I don't have any larger shows around me that they go to.

 

Now that is something I need to think about. If I could get to one of these shows it would certainly be worth it for some of the coins I want to get graded.

 

Yes. I have considered these points and agree. I'm really interested out of curiosity as well. I think the re-holders will be worth it too. Should make them a lot more presentable.

 

2x2s are really cheap and you can reholder them anytime you want.

Dealers have been using them for a VERY long time now.

Why slab a coin to get "break even" money if you were to sell it?

 

I know when the honest dealers it won't matter - raw or slabbed they will probably get the same price. BUT to me it means they have less work to do since they will not have to try to figure the grade and what the coin might bring. Now all they have to do is figure the grade. While a good portion of my coins it will not matter - but for some percentage of my coins it could make a big difference. I really need to write up some directions for my heirs on how to figure out how to deal with the coins. I know with my PCGS graded silver eagles their best bet would be ebay. I don't mind my heirs losing grading money - but I don't won't them to lose variety money or get F money for an XF coin. I think this will help them on some of the coins. There is a portion of the coins it really won't matter.

Can I ask you a question - if I brought in a collection of Large Cents - would you all attribute them first before buying? Therefore offering me more money for the R-2,3,4 and 5 coins than just greysheet money. Do you all do this?

 

ALL TPG's are under-handed to us real household collectors...Let me explain...

I know a B&M business who I have a semi-good relationship with... I always am asking them to submit coins to Pcgs or Ngc....

They tell me that pcgs gave them a deal of $8.00 a coin for any silver coin (1820+) or any lincoln with just 4 different mint marks,...

Let's think logically, who's best interest would it be to get every coin shop in the US to slab their coins??? It's PCGS or NGC....why? Because when you go in, you see 2X2's of coins mostly....If pcgs or ngc can convert those coins into their slabs....They know collectors (people walking in) see these in slabs and will want their coins slabbed...

The prices through their websites is a faciad....A price to pick off the un-knowning collector. its a decieving price , knowing they give much better prices to dealers, to have them submit 100's or even 1000's of coins to them.

Home collectors are icing on the cake...do not take their bait. either go to your local dealer, or lets hold out for better prices...

just an fyi...

 

Heck I don't have anything worth submitting anyway.

 

Can anyone else confirm this? My local dealer does not have this type deal. Plus my coins are not silver or lincolns. Mine are either pre-1820 or copper and nickel.

 

On this subject,ANACS has special during February of $10 a coin,but only dollars and pennies.I have some back already.Anyone ready to buy?

 

The deal ABOUT GOOD is talking about is for bulk purchases I believe. And any member can get it. That's why there's only 4 mint marks allowed. Their web site say's $10 bucks but you have to send in 100 of them.

 

If the coins your submitting are not worth $300 each why bother?

If the coins your submitting are not worth $300 each why bother? It will not matter in the long run at all. $300 is the bottom floor for a coin to be in a TPG holder anyway. If the coins are of less value than that you can easily find them already graded and buy them that way.

 

Good points GDJMSP.

 

I am 99.9% sure that ANACS offers the same prices to everyone, whether you're a collector with 5 coins or dealer with a million.

 

As someone who sends in a lot of coins I call it a "necessary evil".

There have been a lot of good points made in this thread. It is not cheap to have coins graded...at all. It can however easily enhance the coins value and saleability. We all know how "hair splitting" the grades of mint state can be, and we also know how much coins values can move by just changing a point or 2.

Buying a raw coin is like buying a house without a professional inspection. Having your coins graded is having a professional inspection. There are soooo many coins out there that have either been worked on, cleaned, or altered... not to mention the counterfeits. Grading ensures both the grade and originality of your pieces. Like Doug said "buy them graded".

 

I do believe they do. But their grading is not up to par with the big 2.

 

Shows are always your best bet for any type of grading but there not
Always conveinent either but it sure beats waiting 3 to 4 months other
Wise!!

 

Doug I tend to agree with you in principle. But I still believe if I spend the $30 to get some of these coins graded I will net more of my money back than the grading fee. Plus if my heirs sell them on ebay just being in a genuine holder will increase the amount recovered - more than the $30 to $50 spend on the grading. Not talking about $100 coins in this case. In my case I have maybe 10 of these coins and then I have maybe 10 fun coins. The fun coins are just ones I want to get graded, knowing full well I will lose the grading fees - unless one of them comes back a couple points higher than I think. If you can't tell in no rush to get them graded. My bust halves and the majority of my large cents will stay raw.

Plus as I previously mentioned the thrill of buying a raw coin and getting it to grade out at your grade or better - makes this hobby fun even if I lose the grading costs. Kind of like golf - you don't remember the 100 bad strokes, but you remember the one good one and it keeps you coming back. I understand your reasoning and they are good REALISTIC points - but lets not suck all the fun out of the hobby.