Confusing how to submit

Discussion in 'Coin Chat' started by Murillo, Mar 16, 2023.

  1. cwart

    cwart Senior Member Supporter

    Post it anyway.... we like seeing all coins, spectacular to mundane. Well except mabe zincolns that is... ;)
     
    Laurie B likes this.
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  3. Collecting Nut

    Collecting Nut Borderline Hoarder

    CT members give out accurate information 90% of the time. Sometimes one doesn’t like to hear what we say but we are truthful.
     
    Murillo, dwhiz, Kentucky and 2 others like this.
  4. Vess1

    Vess1 CT SP VIP Supporter

    Well, there's a high probability that we'll say save your money and don't submit it because there's so much shipping and fees involved that stack, that it's really cost prohibitive unless you have something special. Even then, when I send stuff I'm only about 80% sure of what the grade will be or if it will even get a straight grade or details grade. They catch everything and there's a lot to catch you don't realize. If it gets a details grade, you're completely out. You've authenticated it and nothing more but provided a nice holder.

    They have FedEx shipping back to you standard now with signature confirmation. For 1-10 coins, being the minimum option insured up to 6 figures, that portion of the experiment's going to cost you $28. Then you have the cost of shipping it there to begin with.
    Your selected order tier has a handling fee on the side of $10. Now you get to the actual grading fee and add-ons. The cheapest grading fee is on a modern and that would be $19. If it's a classic the cheapest is $40 per coin.

    Lets just say it is a modern and the cheapest option. It's going to cost $72 to get the coin graded and back in your hands. Will it gain more value than this being graded? If not, don't bother sending it in. If you select scratch resistant slab it'll cost $77 for this experiment. If you add variety plus, it will cost $95 to get the single coin graded. If you want to push it over $100 you may be able to add a special label and get there if you want to. :D Don't under estimate what it all adds up to. And you're going to wait a month to get results so there's that too.
     
    Collecting Nut likes this.
  5. Collecting Nut

    Collecting Nut Borderline Hoarder

    I’ve only sent one item, paper money, yo be slabbed and graded. It came back one grade lower than I hoped for but I did get EPQ (exceptional paper quality) so that was a decent trade off.
     
    dwhiz likes this.
  6. Casman

    Casman Well-Known Member

    In order to submit to NGC direct aka DIY you have to also be a member, ie membership fee. I think if you’re an ANA member NGC membership privileges are included but things do add up.

    As far as the process it’s simple, package coin in a saflip, fill out forms and mail it.

    Things were a lot cheaper years ago but at some point they added the handling fee and shipping costs went up as well. So before ya know it, you’re at $48 just with mailing and handling fees….
     
  7. Vertigo

    Vertigo Did someone say bust?

  8. Jaelus

    Jaelus The Hungarian Antiquarian Supporter

    You submit the coins in 2.5" x 2.5" flips. They ask you to write the coin number on the flip with a sharpee (i.e. 001, 002, etc.). I write the full submission number and coin number on each flip, like it would be shown on the slab, just as an extra precaution.
     
  9. desertgem

    desertgem Senior Errer Collecktor

    If you haven't been sending coins off for grading/slabbing for at least a strong year of collecting and comparing with your expectations, I would suggest you send them to ICG until you do get back close to what you suspected. Registered with Cointalk, you will probably pay 1/3 or less money, get them back sooner than the other companies, and possible explanations from the evaluators as to why. Just for us
    Insider gave this info "
    now $12 but now a $3 savings per coin. Return Postage went up to $25 for 1-10 coins and $30 for 11-20 coins. "

    Now if you think you would not get as good as - or better- decision than the biggies, you have not been around Insider/ICG for long.

    Yes, many others think the biggies are more accurate because they charge more. I do not think so, but its up to each collector. For 10 coins with ICG you pay $120 for grading and $30 for postage, or $14.50 per coin. Not advertising, as sometimes I disagree vigorously, and I can just send it to ************* at several times the cost if I wanted. Jim
     
  10. Murillo

    Murillo Well-Known Member

    GOOD GRIEF!! There is lots to consider here, but great information thank you so much.
     
  11. Murillo

    Murillo Well-Known Member

    Great to know, thank you!
     
  12. Murillo

    Murillo Well-Known Member

    Never heard of ICG, how does this work? Will be asking silly questions because I'm new to this and not really sure what I'm doing yet. I'm sure curious about this grading stuff, I look up on ebay and see all of the people who have coins graded, and I'm thinking these people are experts at collecting coins. I'm not at all but I want to try and have a few coins looked at and as far as expecting a high grade for a coin? No I don't expect that at all, just curious on how this all works.
    Thank you for the information
     
  13. Murillo

    Murillo Well-Known Member

    Thank you!
     
  14. Murillo

    Murillo Well-Known Member

    This is why I like this site, I like the honesty and humor
     
    Collecting Nut likes this.
  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    If you can get to any coin shops please do so. I have purchased many a coin grading MS-66 or higher for under $10.00, a few high grade, gem cents for under $5.00. It cost more to have them graded that what I have paid for some. Take your time. Learn. Research. And ask all the questions you want on CT. At times we may get upset, but I’ve never known a member to get upset at someone who wants to learn asking a lot of questions.
     
  16. Casman

    Casman Well-Known Member

    When I started I used to always say I don’t even really know what I’m doing, but I’d jumped right in the pool after doing a bit of reading. I highly recommend the Cherry Pickers guides. I’d picked my first within a few weeks. Paid $59.99 Raw, had it graded then sold it on Ebay for $3,549.00. Had great fun for years and recently passed along my CPG’s to a Youngin. I will mention the average range of my cherry picks has been from zero to $30 with several in the $5-$12 range. Best Cass
     
    Last edited: Apr 1, 2023
  17. Murillo

    Murillo Well-Known Member

    WOW! That's amazing! Will for sure and buy Cherry Pickers guide, thanks
     
  18. Murillo

    Murillo Well-Known Member

    Thank you, I have been to pawn shops and looked at coins and admit I did buy a few proof set several years ago. The proof set were only $4.99 they had 11 of them in their case so I bought them all just cause I wanted to see what was inside of them, no I didn't look at them before I bought them. Took a trip to Michigan and found a pawn shop there and bought a silver proof set, guess I will have to go to a coin shop and take a look around. Thanks
     
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