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.
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