I've seen the PCGS site and I thought I read $35, but I saw someone else posting $14 to have a coin graded. Anyone mind shedding some light? I was thinking about getting 2 Morgan 1888-S graded, 2006 $50 Buffalo proof, 1906-S $5 liberty, 1857 flying eagle cent, 1921-D walking liberty(bad condition), and a Morgan 1879-CC.
It would depend on the grade... PCGS charges by the value of the coin. Here is their grading chart: http://www.pcgs.com/grading_list.chtml
So the $50 buffalo proof and liberty $5 will both cost $30, with the rest costing $18? How do I submit them, and what if I projected a value wrong? For instance, I have an 1867 flying eagle cent that looks excellent except I'm no expert. It's got great color, very smooth surface ,excellent detail, and pretty scratchless. For all I know, it could be $275 or $850. I have no idea.
Which is why you need to know how to grade your coins, and determine value before sending in coins to a TPG. Do you have pictures?
Sigh. I don't have a good camera to take pictures now. Do you send them in through a dealer or by yourself? err, do you have to send in minimum 10?
The rates that you get charged by PCGS vary by a few things -- the value and type of the coins you have and the turnaround time in grading. Their website has all the details, and you can call them and they'll explain things very clearly for you. THat said, I would strongly suggest that you have your coins viewed by a professional before you send them in. Most collectors make the mistake of sending in coins that either shouldn't be graded (because they aren't worth much more than the grading fees) or won't be graded (because they have problems that the TPGs won't slab), and spending a few minutes with someone more knowledgeable than yourself could potentially save you a LOT of money. Respectfully submitted hoping to help...MIke
I don't know who trust though. A professional looked at the 1906-S $5 liberty and said not to grade it because it's only worth its weight in gold which he said was $250 and would only be a 58. Now I don't know whether or not to believe him because I saw a general number of $485 for a 58. I know it might not be exactly $485, but $250 seems like a stretch. Was he trying to hustle me?
I would go find a PCGS dealer in your area and take them to that dealer. Be very clear that you don't want to sell the coins but are interested in having them slabbed and ask if they are worth slabbing. Some of them might not be worth slabbing various reasons. If you do decide to submit them, have the dealer do it. It will save you membership fees.
The problem is he was a PCGS dealer and I had told him I wanted them graded. He told me the gold coin was a 58 and only worth its weight in gold. $250. Should I just find another pcgs dealer?
Well I will ask them, but the coins I have are worth at least $100 minimum. The worst one I have is a 1888-s morgan in condition 3-6. I just need to find a different PCGS dealer. I told the PCGS dealer I was only interested in grading, but I think he was trying to get me to sell it really cheap. He said at one point, "oh, I'd take this one, mint" and I clearly stated only grading. I mean come on, he said the liberty $5 was a 58 and said it was only worth its weight in gold. No premium for the coin.
A certified common date AU58 $5 Liberty is currently worth in the low $300 range. So an uncertified one should be worth roughly $300. An estimate or offer of $250 was too low.
I might be going by the wrong guide. Which guide to you go by? I've been using PCGS price guide and it says a $5 liberty 1906-S is $485. Not accurate? Do you know an accurate one?
I didn't even see an AU58 colum in the PCGS price guide for that coin. But I did see an AU55 colum at over $400, so in my opinion, that guide is too high/unrealistic for that coin. Iin answer to your question, I looked at the dealer bids on the electronic trading network (CCE), as well as the Coin Dealer Newsletter ("graysheet").
I just use my local, trusted dealer. He gets NGC grades for $25 each, flat rate....but it can take up to 3 months.
Generally speaking, graysheet prices are for sight-seen and bluesheet are for sight-unseen transactions.
