To make a long story short I will soon own enough PCGS coins to get a couple of free gradings. Without a debate like this post - is it worth my effort to investigate it more? Since most of my coins are proof coins my local dealer said he would not get any of them graded(with any service anywhere) - he admitted even he can not determine anything greater than pr67. I did like his attitude on grading - "I try to be fair and will explain why I grade it the way I grade it, but I am sorry if you do not understand or like the grade". I think he is an "old timer" (i think that is how someone here described it) since there are very few , if any, graded coins in his shop. I might even buy a few cheap coins to see how you all grade his coins versus what he says. And yes I know this is subjective and hard for others to grade a coin they can not actually see. As much as I have read here and other places I am wondering if it is worth my time? If it is worth my time I have most coins from the mint since about 1986 so what coins should I send? I do have some uncirculated coins, but I like the "pretty" and "shiny" proof coins the best. I know I could join PCGS and get another 8 free gradings(yes I know I have to pay) but is it worth it? Would it be worth the time to send in like 10 silver eagles and hope I get one back with a PR70 to sell? Opinions, thoughts, rants? I also noticed that this site site says NGC does not grade anything later than 1965 - if so why do I see so many NGC graded coins past 1965. Found this on another thread in one forum here. Just curious.
If your goal is to sell them Third party graded coins take a lot of the subjectivity out of the selling equation, but not all. Most, if not all of the commemorative coins will grade PF 67-69 with an occasional one PF 70. A very occasional one at that. Is it worth it? A lot of American silver eagles are graded MS 69 and do not sell very much over their melt value. Most collectors of modern commemoratives prefer their 'original' mint packing, outer sleeve and certificates of authenticity. As for me, I wouldn't bother unless you really want to know what you have and intend later to sell them in hopes of a profit. I don't know what coins you are thinking of submitting, so this may or may not be of any help or insight.
The date on that site is 1999, things have changed since then, including NGC now grading ultra-modern US coinage.
Not really interested in knowing what I have - if I did get a couple graded I would still purchase a replacement coin. Just wondering what you thought so it sounds like one "no" don't bother. And I can't believe I missed that itty bitty copyright at the bottom. Actually I was thinking I did not understand the page - I did know they graded the modern coins. Too much reading on this topic lately.
NGC grades better than PCGS...that is true...if you read the thread you linked to you will see many good points and facts that show that. It is up to you who you use as a grading Co...I use NGC and ANACS...so should you put in more....I wouldn't....I would buy the coins I like and if one needs grading...send it in...if it doesn't...keep it raw! Speedy
Well I really have not seen in person any NGC graded coins. And I really did not want(others) to debate about PCGS and NGC - I see both views and understand why each states what they do. The only reason I decided to buy PCGS graded coins(in this case) was because I found 1 or 2 cheap ones in ms69 and pr69, bought them and decided I like them enough to just try to get a complete set. I decided I would try to do this at 50 to 80% of the value coin elite suggested. This strategy worked for the non-key dates and I was SOL on those. Probably over-paid for a couple, but hey I wanted the complete set. Now to just quit being lazy and register them. I then found I could register the sets and get a couple graded for free. I guess when I see what pr70's go for I thought - wow get 1 coin from the 90's proofs graded out at pr70 and sell the puppy(pay for my whole collection). Then reality set in when I look at the percentage to grade out like that - decided I would still get the complete sets and register them for the fun of it. So far I have not run into any great buys that would warrant a grading - actually 99% of my coins are us mint coins. And I know if I got 2 coins graded I would replace them. So sounds like 2 no votes. And I think maybe I will visit the local coin shop(only 1 real one in my city) and see what strikes my fancy for my next project. And it won't be modern proof coins.
