NGC has my coins

i`ve seen people on ebay asking $625 BIN for a silver eagle in MS70 in the retro black slabs. laughable!

 

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I dolnt get how grading companies work, like does an employee look and determine the grade?

 

Of course! Well, either that or they just use a dart board to pick a grade...


http://www.ngccoin.com/coingrading/ngc-coin-grading-process.aspx

 

They quit using steel darts a long time ago. They had a few occasions where the dart bounced back and damaged some coins. Now, they use velcro darts.

Chris

 

I'll say, I have one major dealer that keeps sending emails to me offering to presell them to me for $72 each.

 

they are still in grading process. i know it takes time and the ones who paid for 1 day service get first choice. its only day 8 of the 12 day tier. so i should know soon

 

It's actually three employees, known as graders.

 

"I dolnt get how grading companies work, like does an employee look and determine the grade?"


NGC, being in Florida, uses a great system. They kill two birds with one stone by holding bingo games for the old timers and at the same time, a coin is chosen to correspond to the bingo number chosen.

 

[TABLE="width: 600"]
[TR="class: Datagrid_itemstyle"]
1969

s


1c

unc details

altered color


[/TR]
[TR="class: Datagrid_altitemstyle"]
002

1909 vdb



1c

ms 63 rb



[/TR]
[TR="class: Datagrid_itemstyle"]
003

1907



1c

vf details

improperly cleaned


[/TR]
[TR="class: Datagrid_altitemstyle"]
004

1964



25c

pf 68



[/TR]
[TR="class: Datagrid_itemstyle"]
005

1946

d


25c

au 53



[/TR]
[TR="class: Datagrid_altitemstyle"]
006

1897

o


s$1

g 6

[/TR]
[/TABLE]
i am happy with my results. I could not tell that the color was altered or the person i got the indian cent cleaned it. I am still kind new to this, but it helps me to learn

 

Posted in error.

 

Expensive lesson.

 

How much did you spend getting these coins graded?

Retail value for the whole lot is around $100.

 

joseph289,

It sounds like you really enjoyed the experience from start to finish, and I'm glad that you're happy with the results. Did you try to assign a grade to each and compare how well you graded against the results? If so, how close were you?

-LTB

 

kinda.I was not expecting a coin was not clean right. The person did not mention it when i got it a few years ago. The 1909 i figure it was a MS coin

 

On the surface, yes, but depending on how he uses the experience, in the long run it could be cheap tuition. Some people can learn more from submitting coins than they ever could buying already slabbed.

 

Unless the OP had a first time submission discount, the cheapest would be $14 each for 5 coin minimum, round trip shipping, insurance.

Much more than the entire lot is worth.