I have been seriosly thinking of sending some coins to NGC for grading. I have come to the reallity that if I want to sell, that I will have to get some graded to get the best price. What my question is, what is the best way to submit to NGC. Thanks for any help.
Then you really need to look at submitting to PCGS because PCGS realizes higher prices over NGC who realizes higher prices over ANACS who realizes higher prices than ICG...all things being equal. The rest of the services are a joke, that is...if you plan to submit any of your coins. Research for yourself. SEARCH completed auctions in eBay, Heritage, Teletrade, and others to see what a given coin in the same grade are selling for graded by any of the top services. Sure you may a few exceptions here and there, but see for yourself! For instance, ask why a NGC PR70UCAM sells for about a third of what a PCGS PR70DCAM for the same coin and the "same" grade. Ask why a MS66RD Lincoln graded by NGC sells for way less than the same coin graded by PCGS? I didn't make the rules, I am just following the market forces in ACTION...not opinions, but ACTIONS from realized prices from the top auction public auction houses! Remember...if I buy and I can see and hold the coin (slabbed or not), I am equal opportunity all the way. But if I submit, I am going to submit to the service that will give me the best bang for my dollar.
Submitting to NGC Great points by Midas. If you want to submit to NGC probably the easiest way to to go to this site and join: http://www.collectors-society.com/join/index.asp Costs 100 bucks for a 1 year membership but they send you a coupon for 5 "free" early bird submissions. They use to send you a ms68 American Silver Eagle now they send a quarter which kinda stinks. I have submitted twice to them. Easy process. Hope this helps.
It's sad that it costs to have a coin authenticated and graded by a third party. Do this only for coins in your possession you believe may be worth $100.00 or more. Always insure coins you send for certification and/or grading to protect yourself.
grades I guess the reason I would need them graded, is some of my coins would have a pretty big swing in price between AU and say ms63 or 64.
Is there a downside to joining the ANA, then submitting coins to NGC using the ANA/NGC submitting privelages? Joining the ANA is a lot cheaper than $99.
I would wait if I were you (unless you need to sell quickly). The chatter on the PCGS and NGC boards is that grading right now at both firms is particularly strict, meaning that coins have the potential to be undergraded slightly right now. Understand that this is complete hearsay, but that is the opinion at the moment. If you can wait 6 months to a year then you may be happier with the results. As an aside, you can expect this thread to devolve into a comparison of grading habits between the big two and their consistancy, as well as the comparitive pop reports of the highest graded coins. Some will agree with Midas, some will say that OCGS is too inconsistant and that you might have to submit multiple times to get the right grade, others will say the PCGS "doctors" it's pop reports by making sure to undergrade the best coins to maintain the ratios that they want of the highest grades of particular coins. On and on and on...if you want to read these discussions then search the forum, there are numerous long discussions on the subject. Now to answer your original question, I am a member of NGC because membership is free for ANA members, which I am. So if you are an ANA member then you can sign up for free by filling out this form.
I would send them to NGC---you can read alot about this topic if you search...Midas, GDJMSP, and myself have had many many looooonnnnggg threads about this IMHO PCGS is tooo inconsistant and the people that pay the high prices just for PCGS graded coins aren't really that much into coins...they aren't buying the coin they are buying the holder...they are investing in something that can change any time.....just because PCGS is "tops" today doesn't mean that can't change tomorrow.....funnier things have happened. I will say this---it really depends on WHAT your coins are really---if they are newer coins then I might agree with PCGS---but from what I've seen in person and on the forums and from long time collectors NGC is harder and better with grading coins. Speedy
What series are you looking to submit for grading? If you're looking to sell, IMO PCGS is the only way to go, BUT, it depends on the series. Some people say that NGC is stricter with special designations such as FBL, FB, FH, etc, and coins that should receive this designation may be better off in an NGC holder. For most other things, PCGS is the way to go IMO.
coins to submit The problem is I have an assortment to submit. I have some morgans, some wasington quarters, walkers , Franklins and a variety of gold coins. It seems i would have to submit my gold seperatly from the rest if i'm not mistaken. I took my gold to a pcgs dealer, and he told me they were not worth submiting , but I think he wanted to buy them and he offered ms 60 price when they would grade higher.
Howdy Vipergts If you can trust your dealer than he may be right--- On Morgan Dollars I would go with NGC--same with Franklins halves---as for WL Halves---I can't say for sure as I haven't viewed them in slabs much so I can't say who I think is best with them. One thing is this---if the coin is only worth $100...and you have $95 in the coin then adding another $25-$30 isnt' going to be good. If the coins aren't some that are offen faked then I would leave them raw---If you aren't planing to sell them anytime soon then I would also leave them raw---you do have to send your gold seperatly from the others and sometimes the gold costs more. If you want to post some photos of the coins that have a big price jump from the grades and maybe we can help you grade them---as for the price jump from AU to MS64---all you need to do is look at the coins and see if there is any wear. Speedy
LOL, that is the "rub" (pun not intended), isn't it. Unfortunately some coins are notoriously difficult to make that distinction on. Especially if he has Indian Half or Quarter Eagles.
Yeah, and then there's the difference between a weak strike and wear. Sure, for someone who's been doing this for years, it could be easy to distinguish. For poor li'l old me, it's usually not that easy. I know, I know, look for breaks in the luster, but it's still not simple. Fish
LOL---- While I agree on that some coins are difficult to tell I think that here on CT we have a good many people who collect or study almost any type of coin---- For a grade of AU to MS64 there is going to be something showing that you would be able to spot---AU to MS64 is not a small jump....now if it was AU 50 to MS60 I would agree..... If he is wanting to sell them through Heritage or an auction company like that I would leave them raw as they would send them off to the best service to get them graded. Speedy
AU to 64 The jump from AU to 64 can be closer than AU to 60 if you think about it. If the coin is very free of bag marks but there is a little shiny spot on a high point, is it circulation wear or is it a rub from another coin in the bag or the hopper they were all dummped in at the mint. That is where the "expert" graders come in.
pics I got pics of a few. The pics are under 10X magnification so the hair lines show more in pics than with the naked eye. I will post pics when I can. ( computer is handleing me!!)
