Hi i created and purchased a pcgs submission account to grade my coins, iam kinda new at this, actually this is the first time ive done it. But my problem on the submission form to fill how do i know what type of service to use such as for morgan dollars wich i want graded, i dont quite understand this area what does the max coin value mean? after the coin has been graded or a generall range, for instance i have an 1880-o morgan silver dollar with a ms-64 maybe 65 tag on it and according to the price guide if it were true the coin would then be worth $1700.and ms 65 range jumps to 23k What service would i use for this coin. Thanks
Just put in what it's worth to you. Good luck with the submission...but since you say you're kinda new at this, it might be a good idea to post pics of the coins you're thinking about sending in. We might be able to save you some $$ in case some of them aren't worth it.
I called PCGS over this same issue. Their answer basically was to submit the coin in the $ category for what the coins generally accepted value is. ie. if it is in the MS-64 / 65 range, submit it at the grading service for the MS-64 value. They're the 'experts' and you're paying them to differentiate between the MS-64/65. If you submit a coin that's obviously in the $K range as a $300 max value economy grading service they'll probably give you a call. But the WORST that should happen is that they call you and charge you for a HIGHER grading service than what you submitted it as. I don't think I'd b:computer:h about having a coin grade higher than I thought it should.
If I were you I wouldn't go by the PCGS price guide---its a bunch of hog-wash. If you can post some photos like DJ suggested we might be able to help you grade the coins and save you money. Otherwise I would suggest going to Heritage and doing a search on what the coins have been selling for and useing that and forgetting about PCGS price guide. Speedy
I've asked 'em the same thing. My understanding those values (declared on the form) are used for insurance purposes if your shipment gets lost. Another tip - lay your coins down on a scanner (or photcopy) and get a copy of both sides before you send 'em in. Keep that for your records.
another thought. if you want a coin slabbed and think that it is a certain grade, look thru some ads for a slabbed coin same tpg and grade, see what it would cost if you were to buy one. now think and see if you may be spending more to have the coin graded than you can buy one already graded. it may surprise you to realize that you would be better off foregoing the submission. jmo steve
