Is it worth joining a grading company for small amouts of modern coins?

Is it worth the cost of joining a grading company for person who is not sending in hundreds of coins? If one wanted to just send in a few dozen modern commemoratives and other similar items sold at the mint?

 

Log in or Sign up to hide this ad.

I guess one would have to work out the cost for submitting the coins as a member and as a non-member and then choose which is the best price,also consider if you will benefit from any membership benefits(i.e.; magazine subscription,newsletters,other stuff) and weigh that into the mix and also if you might send in more coins later on in the membership time alotted per dues.

 

I would simply join the ANA and then you could submit your coins to NGC

 

Even if i join ANA is it worth the cost to send in modern coins? If i get PR69s back will i be able to recover my money on resale?

 

Exactly. $28 a year and you have submission priveleges to NGC. As to the cost, it depends on what tier you use. I think if you have at least 5 coins valued less than $300 each it's $16.50 per coin. If you can't make the 5 coin minimum it's $30 per coin. "Modern" coins (minted 1955 and later) are $12.50 per coin with a minimum of 5 coins.

I might be off a bit, but those are ball park figures. Your best bet is to have at least five of something.

 

Follow this link to see NGC pricing.http://www.ngccoin.com/services/services.asp

Sorry, I don't submit many moderns coins for slabbing or resell, so I can't help you with your additional questions. I suspect there is no clear answer to your question, you may win or lose depending on the series.

Also. I would use the search feature of CT and read all the numerous threads that have already discussed similar questions.

 

Do you think it would be worth buying some common PR69s and PR70s before hand so i have a good since of what coins in that grade look like?

 

It would most likely be cheapest to just buy the coins already slabbed. For most moderns submitting and getting anything less than a 70 will be a money loser.

 

I wasn't going to spend that much, On eBay you can buy PR69s and some PR70s for less then the cost of sending them in. i figured that if a spend $200 dollars i would get enough examples to be able to look at the coins in my own hands and inspect the 69s to see what prevented them from hitting 70 and use the 70s as a reference point on my own coins. I would be looking at this as im spending $200 for the knowledge and the coins would just be a plus.

 

Anyone know any good books that go into detail on grading modern coins?