Graded Coins??? Where do they come from???

Discussion in 'US Coins Forum' started by bender9876, Apr 9, 2012.

  1. bender9876

    bender9876 Active Member

    (1) Ok, We all see graded coins, but where do people get them? Do they buy rolls, then search for what looks good then send to be graded. Or do certain people get better coins then us common people and thats where they come from. (2) This is alittle different, I have 2 coins 2008W/2007 ASE. 1 is MS69, other is MS70. Gonna get them reholdered with the 100 greatest coin label from NGC. Question, Think it would be in my best interest to get the MS69 regraded at the same time hoping it would maybe get to MS70? Remember my cost is already borne by getting them reholdered. What do you think? Thanks, Jim
     
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  3. Kirkuleez

    Kirkuleez 80 proof

    I don't think that the reholdering fee is the same as the grading fee. It has been a while since I sent one in for reholdering, but I get them done at the FUN show for about 5 bucks or so.
     
  4. Hunt1

    Hunt1 Active Member

    Reholdering does not have a tier. With that being said, your only cost at NGC is 7.50 per slab you want re holdered. You also have the return shipping cost, which all varys on your level selected of "per coin value". I believe 1-499.99 is about 19 dollars.
     
  5. Hunt1

    Hunt1 Active Member

    Also, your chances of 69 to 70 are slim, IMO.
     
  6. lkeigwin

    lkeigwin Well-Known Member

    Coins come from everywhere, but originally the Mint. :D Seriously, rolls are searched, old raw coins are handed down. Eventually someone perceives a value to having a coin graded.

    Reholdering is not the same as regrading and the costs are different.

    It is your money, and if value for your money isn't important, then spend it on the label. It will add little-to-no value but sometimes there are other reasons, I understand.

    You will need to have the 69 regraded (at the higher cost) if you hope for it to earn a 70. The odds are long but if your eye, and perhaps the eye of a professional/mentor, think it has a great chance, go for it. Remember that even the smallest flaw counts. And the coin could downgrade (though their guarantee would kick in).

    You didn't say which is the 69. There isn't a big jump from 69 to 70 for a 2008W. But there is for a 2007. That's the money coin.
    Lance.
     
  7. LindeDad

    LindeDad His Walker.

    For the major grading firms to stay in business there have to be a whole slew of people sending in coins. In my last submission there were coins I was just getting reholdered. There were new from the mint gold Commemorative's. There were coins I bought on eBay and at shows to fill slots in sets. And in the past I have sent roll finds, mint sets finds and bought at dealer shops coins.
    And you have to realize that most dealers are sending in submissions every week or so and when ever the mint makes a release there are dealers that send in bulk submissions of most everything you can think of.

    Edit to clear it up I sent four submissions at the same time not all one submission.
     
  8. Conder101

    Conder101 Numismatist

    Read it again. He has TWO 2008W with rev of 2007, one 69 one 70.
     
  9. lkeigwin

    lkeigwin Well-Known Member

    Right. I read it as a 2007 and a 2008W. Nice coins, same answer.
    Lance.
     
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