How many graded coins did you actually get graded yourself?

Discussion in 'US Coins Forum' started by The Half Dime, Feb 11, 2024.

  1. The Half Dime

    The Half Dime Arrows!

    Holy cow!
     
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  3. mrweaseluv

    mrweaseluv Supporter! Supporter

    well I got 2-300 slabbed coins at this point.. how many have I had slabbed myself? 15-20ish all together.. as mentioned above, if I want slabbed/graded I buy slabbed graded.. though occasionaly I do pick up a raw or 2 and have them graded when i can't find an already graded/slabbed example I like/can afford :D
     
  4. The Half Dime

    The Half Dime Arrows!

    Sometimes I will self-slab a coin, but those are often lower-grade coins that you can tell yourself. I don't really believe in grading an AU coin as MS66 (trust me, look up SGS and you will see it). I do like grading them myself, though.
     
  5. Mainebill

    Mainebill Bethany Danielle

    Several hundred at both pcgs and ngc. I buy a lot graded. I buy a lot raw. And have graded. I've sent quite a lot to cac as well. Most of that was pre 2018 when I was much more active with coins. I probably have close to 50 coins to send in though as well
     
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  6. Croatian Coin Collector

    Croatian Coin Collector Well-Known Member

    Zero, since I don't plan on ever selling any of my coins, it would be a waste of time and money to have them graded.
     
  7. longshot

    longshot Enthusiast Supporter

    One positive thing about having coins professionally graded, sometimes you get educational surprises.
     
  8. Barberian

    Barberian Junior Member

    Well, I was initially interested in purchasing raw coins that I felt would straight grade to fill Dansco albums. I've had about 110 raw coins graded by PCGS, and now 22 raw coins graded (including 10 rejected) by CACG. I've also purchased several dozen TPG coins and have crossed over NGC and ICG coins to PCGS to meet registry requirements until I started questioning the degree to which I wanted TPGs with exclusive registries and horrible photographers controlling my collecting. Now, I submit to CACG for most coins and PCGS for Newfoundland halves.
     
  9. rte

    rte Well-Known Member

    None, I actually sent a few gold pieces to someone who was submitting a few of theirs and was going to piggyback on the submission...but at the time the company was accepting gold under the coupon.
    I have a few I'd like to get looked over, just never got to it.
     
  10. johnmilton

    johnmilton Well-Known Member

    I found the NGC registry to be more collector friendly and easier to use. I have stopped playing the registry rat race and only ad pieces I buy certified which fit my current collecting pursuits.
     
  11. Barney McRae

    Barney McRae Well-Known Member

    Similar here. I too keep a spreadsheet. I only have graded Morgans, I've got close to 200 of them graded and slabbed. Of those, I've sent around 110 off to be graded. The common ones were sent to ANACS. As I've filled most of the holes in a complete set, the tougher dates are being sent to PCGS. I get them graded where the value means the most. However, I've resigned myself that I'll never have the complete set. I just can't see myself spending several thousand on a decent 1893S. I'd rather collect beautiful specimens with interesting attributions than have an ugly but rare coin.
     
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  12. Joshua Lemons

    Joshua Lemons Well-Known Member Supporter

    I will say, a year later, this is a big benefit for me from grading. I see every details grade as a learning experience. I'm still terrible at identifying tooling.
     
  13. fiddlehead

    fiddlehead Well-Known Member

    I've sent in a few - the best were ICG or ANACS coins that I thought I could do better with NGC, and always did. A bit of cherry picking there. I also send to CAC for stickers, about half have qualified.
     
  14. Troodon

    Troodon Coin Collector

    I honestly don't buy graded coins that often; the few I ever have I've since resold or broken out to put in my Dansco 7070 set (which I've done for a trade dollar and a buffalo nickel, a 1955 Roosevelt dime graded by PCGS, and even a Lincoln wheat cent graded by SGS lol, which was nice looking even if not the MS-70 it claimed to be, but the coin store was selling it for $5 so why not).

    So... all of the graded coins I currently own are ones I've had graded myself, all by ANACS. 26 of them currently. I get coins graded from time to time not because I ever intend on selling them, but to make them easier to conserve and store. They're either coins I feel are worth having graded, or are special for some sentimental reason.
     
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  15. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    I've always subscribed to the adage, you want it graded? buy it graded....
     
  16. Lehigh96

    Lehigh96 Toning Enthusiast

    Glad someone resurrected this thread, I missed it the first time. I just checked my NGC submissions page and it came to 671. I'm no longer a member of PCGS, but between them and ANACS it is probably another couple hundred.
    So my answer is somewhere north of 800.

    I will say that I consider my "homemade" Jefferson War Nickel Set which currently ranks 20th in the NGC Registry one of my finest numismatic achievements (see link below).

    Lehigh's Homemade War Nickels

    My costs which include purchase price and grading costs are under $1K while the resultant price guide value is almost $10K. There are many collectors who are critical of coin grading, but it provides some very important things: authenticity, protection, problem free assurance, and increased liquidity.

    The first two are rather obvious, you get the guarantee that the coin is not counterfeit and the TPG holder provides a way to ensure preservation of the coin for the foreseeable future. While some collectors obsess about the grade, the TPG grade doesn't end that debate, but it usually will resolve the issue about whether the coin is problem free or not, which should be concern to every collector. The last thing, liquidity, is the one that most collectors don't consider. It matters not if a coin is raw or graded, the grade of the coin is the same. The problem is that in the real world, very few collectors will pay the price guide value of a raw coin. Once that coin is graded, the number of collectors who will pay the price guide value increases dramatically and makes selling the coin at that price relatively easy. It is important to note that the act of grading didn't change the grade, it simply increased the number of people willing to pay the price of that grade, which is an increase in liquidity.

    Now I can make the argument that a single coin can be submitted for grading several times, receive different grades, yet still be correctly graded each time, but that is a different discussion for a different day. For this discussion, I would like to say that coin grading is like batting in baseball. Nobody bats 1.000 and everybody strikes out from time to time, but you can't ever hit a homerun if you never step up to the plate. And btw, chicks dig the long ball.
     
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  17. KBBPLL

    KBBPLL Well-Known Member

    I own exactly 16 coins that I've submitted myself, to ANACS. More to preserve/conserve grandpa's coins than anything.
     
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  18. KBBPLL

    KBBPLL Well-Known Member

    The downside to that is when a coin is undergraded (or overgraded from a buyer's perspective). But it is what it is. "Price guide value" is also subject to debate.
     
  19. Barney McRae

    Barney McRae Well-Known Member

    That beings up another unknown variable when a coin is possibly undergraded and being sent in for resubmission (or crossover, if not cracked out before resubmitting). Does a coin in a holder already graded give the new grader a subliminal bias in a resubmission, whether conscious or not? I've often asked myself this question many times. Now if a slider was given a details grade, I know for sure I'm cracking that out ahead of time, nothing to lose.:D
     
  20. Lehigh96

    Lehigh96 Toning Enthusiast

    I agree, but that is more of a deep dive into coin grading. The undergraded coins usually sell very quickly and the overgraded coins are labeled as dreck and often end up languishing in some unfortunate dealer/collectors inventory.

    The price guides are reactionary by nature and will often be well behind the actual market performance of that coin, which is why most astute collectors check recent auction archives in conjuction with price guides before buying.
     
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