Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
PCGS or NGC?
>
Reply to Thread
Message:
<p>[QUOTE="jaceravone, post: 1510456, member: 9474"]I know I am kinda late to this thread, but I wanted to share something with the OP and other collectors that many might want to take into consideration when submitting coins to either service. Before I start, I should make mention that I belong to both PCGS and NGC, both for entirely different reasons, but mainly because I collects sets of coins from each different company. </p><p><br /></p><p>After years of collecting and submitting coins to TPG services, there is one key point that I would like to make, and this is simply to determine whether or not it would be cheaper to purchase the coin of desire already slabbed or to take a chance and submit one yourself. Let me give an example using the most recent coins to come out from the mint - the 75th Silver Eagle Anniversary set. In the near future, I will be searching for a slabbed set for my collection. Total cost for a PR69 set as of now on ebay is running about $200-220. If I were to take my set and send it off to NGC for example, I am already in the hole for $150 for the set. Now take into account shipping costs to NGC (est. $10 for priority mail plus insurance), grading costs ($28 for both coins), handling cost per order ($8 - NGC and PCGS both have this), and shipping costs back (both NGC and PCGS start at minimum $16.95). Total cost to grade two coins = $63! Now take that and add it to the $150 and you have $213. So is it worth the headache to go through everything above when you are not even guarteed a PR70 or PR69 or pay the same amount or even $10 or $20 more to get the coin/s off ebay. </p><p><br /></p><p>Keep in mind, if you are sending in varieties to be graded you need to add an additional $12 for NGC and $25 for PCGS!!!! Then as the value of your coins increase and/or number of coins sent in, so does the shipping costs. That $16.95 was for 1-4 coins. It goes up from there. </p><p><br /></p><p>Lastly, make sure you can determine to the best you can what the coin will grade for. Nothing is more depressing than sending in a coin and having spent more money to have a coin graded than what the coin is worth. You will never get your money back. Trust me on this one. I just sent in a bunch of modern coins from the mint to NGC hoping for a covetted PR70. I got it, but I also got a PR68 coin that I just sold at a loss because why pay $XX.xx dollars when you can get the same coins graded PR69 for the same price. </p><p><br /></p><p>Anyway, more than my two cents worth, but something to consider. </p><p><br /></p><p>PS - As for ANA members who want to submit to NGC. All you have to do is call NGC and set up your account. It is free and only takes a minute. You don't get complete access to the NGC site, but it is worth it if all you want to do is submit coins. This is how I got started with NGC. I later upgraded to NGC's basic service so I could get access to their stuff. Good luck.[/QUOTE]</p><p><br /></p>
[QUOTE="jaceravone, post: 1510456, member: 9474"]I know I am kinda late to this thread, but I wanted to share something with the OP and other collectors that many might want to take into consideration when submitting coins to either service. Before I start, I should make mention that I belong to both PCGS and NGC, both for entirely different reasons, but mainly because I collects sets of coins from each different company. After years of collecting and submitting coins to TPG services, there is one key point that I would like to make, and this is simply to determine whether or not it would be cheaper to purchase the coin of desire already slabbed or to take a chance and submit one yourself. Let me give an example using the most recent coins to come out from the mint - the 75th Silver Eagle Anniversary set. In the near future, I will be searching for a slabbed set for my collection. Total cost for a PR69 set as of now on ebay is running about $200-220. If I were to take my set and send it off to NGC for example, I am already in the hole for $150 for the set. Now take into account shipping costs to NGC (est. $10 for priority mail plus insurance), grading costs ($28 for both coins), handling cost per order ($8 - NGC and PCGS both have this), and shipping costs back (both NGC and PCGS start at minimum $16.95). Total cost to grade two coins = $63! Now take that and add it to the $150 and you have $213. So is it worth the headache to go through everything above when you are not even guarteed a PR70 or PR69 or pay the same amount or even $10 or $20 more to get the coin/s off ebay. Keep in mind, if you are sending in varieties to be graded you need to add an additional $12 for NGC and $25 for PCGS!!!! Then as the value of your coins increase and/or number of coins sent in, so does the shipping costs. That $16.95 was for 1-4 coins. It goes up from there. Lastly, make sure you can determine to the best you can what the coin will grade for. Nothing is more depressing than sending in a coin and having spent more money to have a coin graded than what the coin is worth. You will never get your money back. Trust me on this one. I just sent in a bunch of modern coins from the mint to NGC hoping for a covetted PR70. I got it, but I also got a PR68 coin that I just sold at a loss because why pay $XX.xx dollars when you can get the same coins graded PR69 for the same price. Anyway, more than my two cents worth, but something to consider. PS - As for ANA members who want to submit to NGC. All you have to do is call NGC and set up your account. It is free and only takes a minute. You don't get complete access to the NGC site, but it is worth it if all you want to do is submit coins. This is how I got started with NGC. I later upgraded to NGC's basic service so I could get access to their stuff. Good luck.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
PCGS or NGC?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...