Hey can you guys tell me what it cost to get your coins graded with someone like PCGS and also it looks like you have to have a membership with them and if so which membership is the best to have
NGC is expensive. And there really isn't a set price, as it varies by coin and value of the coin. Shipping and insurance back and forth is expensive as well, so best to try and spread that out over multiple coins. I believe you need to be a member of NGC, but you can join for free. But if you go to the next level of membership, you get a $100 credit to be used for grading.
PCGS and NGC are slow and expensive even for cheap coins. ANACS and ICG are inexpensive and faster and anyone can submit their coins. Depending on the value of your coins, why you want them slabbed, and what you are going to do with them are questions that need to be answered. That would probably indicate which service to use. For example, if you are just going to keep them and want your family to know their grade and be able to appraise them I should recommend ICG or ANACS. If the coins are valuable and you plan to sell them, the other two are best.
If you join the ANA then you don't have to pay the NGC membership fees to submit to them. But there are still all the submission fees plus S&H. If you submit to any of the TPG's and can afford it, do groups of 10-20 in the same category. That will at least spread out some of the fees such as S&H.
How about this... go visit the site and read their rates straight from the horse's mouth? http://lmgtfy.com/?q=pcgs+submission+fee+schedule http://lmgtfy.com/?q=ngc+submission+fee+schedule Both PCGS and NGC require memberships, they have various tiers that essentially prepay fees. NGC has a free tier (zero prepaid) for ANA members. ANACS does not require a membership - purely PAYGO.
There is also the issue of which grading service is most accurate for a given type of coin, and what the perceived value of the grading service is.
I agree - factual information from the TPG is best. Knowing the reason and what you are trying to achieve is key - along with if its even worth pursuing - coin dependent. Please answer that and we can steer you in the rig direction.
What coins are you thinking about submitting, that would make all the difference between services. If you want variety attribution on the label, go with ANACS. If you need conservation, go with NCG. If you just want something graded or authenticated, go with any one of them; PCGS, NGC or ANACS. I personally prefer PCGS, but many others prefer NGC. Another question, are your coins worth submitting? If they have been cleaned, then probably not. If you can go on eBay and buy a certified example of what you are looking to get graded for less than the submission fees, then definitely not. If you're not familiar with grading standards and can accurately know if a coin has been messed with, I'd encourage you to post some clear images so that some folks here can give you some inclination on what to expect when you get your coins back.
I appreciate all the comments and thoughts so I went ahead and joined NGC and as many of your stated they are expensive on grading your coins
Not as expensive as PCGS and more expensive than ANACs. Depending when and how you eventually sell them - you may see a better return.
Well that's what I'm trying to decide to do I've got about 97 coins that according to the book are valuable so deciding which ones to send and get graded in your opinion what's the best way to sell those coins I see them on sale on eBay all the time
If you are planning to sell, you need to ensure that what you can sell it for post grading is more than you can sell it for raw + the grading fees. Some coins are close to unsalable raw - for example the $1, $2.5 and $5 US Gold. Even lots of coin dealers won't touch them raw. Other coins - those valued at more than $2,500 (unless you are willing to risk the auction), must be certified to sell on eBay. For the cheapest NGC tier (economy), you must submit a minimum # of coins and there is a long lead time (21 working days is the estimate). Individual coins can be valued upto $300. You pay $20/coin plus shipping/handling/insurance from you to NGC and for the return. Let's say 10 coins, each valued at $250... Grading is 10 x 20 or 200 Handling is 8 Return shipping (valued $2,500) is $34 Total $242 to NGC or $24.20/coin Shipping to NGC (registered/insured for $2,500) costs you small flat rate box 7.15 + 19.20 or 26.35, another 26.35 / coin. So basically slabbing the coins at NGC needs to make it worth at least 50.55 more. On coins worth only $250, that's a tough nut. More coins at a time spread the shipping charges over more coins.
Yeah that's a lot to take in isn't it I get the thrill of hunting them more than the rest but the wife says that I need to start getting rid of some of them because I'm in definitely not a collector I should have hidden my books from her she started going through my books and seeing the value of some of them now she wants me to get rid of them I thought she'd be happy on Tuesday I took two 5 gallon buckets of pennies down to the bank and they weren't real happy with me
If you could please upload some photos (of the front and back) of your more valuable coins, we could give you more specific guidance.
I can do that it would take a little while because anytime I try to take a picture I have to take them out of the holders and take them outside to my porch railing and take pictures outside when I take pictures in the house they don't seem to come out well enough for anybody to see
I agree. I am an old bunny I guess and go back before grading an slabbing. I have become pretty good at grading and have all the guides. I do not have any high line value coins and not plan to sell any of mine so I would never want my coins slabbed. These are history rich coins and were supposed to be held/touched. Slabbing coins that puts an unpleasant and unwanted barrier between me and the connection to history and the past represented by the coins.
It really depends on the type of coins that you have. You say that some are valuable. Valuable is a subjective term and they could be worth slabbing or might not be worth the expense. There are so many factors that play into if they are worth slabbing or not. A written description of the coins (type - metal, date, mint, denomination) would be a start down the path of a more beneficial discussion that will provide you with a better understanding if slabbing is worth the expense. Also - how many are you considering slabbing? Also - depending on the type of coin, there are different selling strategies that work.
Here's a 1983 D that weighs 3.9 here's a 1968 s it's one of my favorites I don't think it's a real valuable but you know more about it and here's the 1970s large date according to the book it can be valuable But there again I'm new at this and I'm not a grader
If you are talking pennies (cents) there are many others that can advise you as I do not follow them. One suggestion is for you to discuss the matter with the penny lady on the NGC chat room. She is a dealer who is well respected.
I appreciate that I have a bunch of quarters dimes and nickels but I seem to have more fun with the pennys
