Discussion in 'Frequently Asked Questions' started by National dealer, May 31, 2004.
good idea...I'll edit my post on eBay. Feel better about that anyway
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If you go to the ngccoin.com site I believe you can submit in Europe and in China now for NGC grading.
Coins I want to sell, I don't think it is worthwhile sending anything I believe to be valued under $200. Lower grade key dates sell well graded or not, so they have to be over $400 to be worthwhile. Even then it is questionable.
I did just send in 2 1909VDB DDO#2 in because I paid about $10 and the grading cost $45. I now have $55 in each. They are for sale at $90 and $130. Profit will be $130. I couldn't get $50 each without the slabs.
That being said, TPG's are not as good as they claim to be. I have seen MS/PR 70 coins with small hits. A 70 should have absolutely no marks. I recently sent in a 1918-S Lincoln that my wife, 2 of my dealers, at least 3 very respected and knowledgeable collectors I know online all agree is an MS64 came back a MS63. Along with that was a 1943-S DDO cent that had a tiny bit of environmental damage on the rims that can be seen in between the rim and a wheat stalk that came back as MS66, tied for 10th finest known. There is no way it is a 66. I'm glad it's behind the part of the holding device and can't be seen now.
I spent a LOT of time studying trueviews of early Lincolns in high grade, I see the same exact coin graded at MS64,65 and 65+ If coins in OGH are more desirable because they are graded tougher, what is the point if there isn't consistency?
I will continue to send stuff in because so many people put their money into what the TPGs say.
I use a certified dealer to submit my coins because they have 3rd party insurance and can share the shipping costs with others by bulk submitting. They also provide a very valuable opinion on grade, and worthiness.
Just my observations
When it comes down to it, its all about the $$$$
Not always. I will agree that that's often the case. But not every time.
I think they keep the prices of grading balanced between the amount of requests they get, as to not be inundated with thousands of ungradable and common pieces. This forces the consumer to research and value their own coin before submitting. I agree with this.
What I can not ration is that they also get a percentage of their recommended value based on their appraisal. The better the grade the more they get? Is that not a conflict of interest?
When the grading services first started they did not slab a coin as damaged or altered surfaces, Questionable color etc. Infact any coin that did not strait grade was sent back in a flip. With a number describing the problem.
Today they slab these coins to make them market acceptable.
Maybe that applies to people who don't know how to grade, but I made a nice profit selling SQ business strikes that graded MS68 to collectors for their registry sets.
Many European collectors buy antic in a slab only to broke the slab and put it on their collection. That a master of taste of course.
the biggest problem with antics coins grading service if that it provide a grading but not a guarantee on authenticity and it is not useful to grade a very good fake of Greek or Roman coin. And to do expertise you need to feel the money out of a slab.
Thanks Phil Richie
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