:headbang: I am looking at purchasing coins to leave my grandkids. There seems to be a wide price difference based on which company rated the coin. Is there really that much of a difference? If so, which do I purchase and which do I stay away from? Speacilly: PCGS, NGC, SGS, IGC, NNC and ANACS. Thanks for any help you can give me.
Stay with PCGS/NGC/ANACS/ICG Any of the others aren't good unless you know how to grade and then you might can find good coins....most of the time they are overgraded. Speedy
Howdy bp - Welcome to the Forum !! As the man said - NGC, PCGS, ANACS & ICG - forget the rest unless you are quite good at grading yourself. And I will add - even from among those 4 you need to watch what you're doing. For example, ICG tends to overgrade modern coins in particular the MS & PF70 coins. They're fine with older coins. I would also be quite careful about what you pay for most of the modern coins as the values for them even in higher grades has been dropping rather steadily over the past few years. All while most other coins have been going up in price. There's just too many of them out there slabbed in those high grades.
I would also say that in some cases (like ICG) PCI is ok.....they tend to overgrade but I've found some great deals in their slabs also.....you just have to know what to look for. Speedy
There is one other thing you may want to consider after deciding which company slabs to stick with. Since you are collecting for your grandchildren, and you don't know whether or not they will ever really catch the collector's bug, it might be a good idea to keep the collection simple. Try to collect coins that have a wide following and will be easy to value and sell in case your grandchildren decide to do that someday. So something like high-grade Morgan dollars might be a better choice than some less popular series.
