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What is the value of TPG (Third Party Grader) certification?
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<p>[QUOTE="Lehigh96, post: 7997401, member: 15309"] <ol> <li> 7, TPG certification doesn't increase value, it increases liquidity</li> <li> 5, For series that experience counterfeits or problem coins I would say 1</li> <li> 5, This is an EV calculation. If I can make more money by submitting the coin, then it doesn't matter that the value is under $100. Jefferson War Nickels are a good example. If they are raw, most people won't pay more than $20 so if I have a coin that I know will grade MS67, I will almost always make more money by submitting the coin even though the total value is still less than $100.</li> <li> Yes, 1, again this is an EV calculation.</li> <li> I specialize in Jefferson Nickels so that would be my answer.</li> <li> The certification number provides a level of organization that makes selling them much easier. Trying to keep track of hundreds of raw coins, many with the same date/mm is very difficult, even when using a good organizational system. Also, the slab provides a level of protection that allows for easy handling of the coin.</li> <li> This one is tough because the answer is that it depends. Sometimes I send a coin in and I missed the problem, but once I get the coin back in the details slab, I find the problem and agree with the assigned grade. Other times, the TPGs will assign a ridiculous details grade for a wide assortment of reasons that I don't agree with at all. In fact, I have resubmitted many of these coins, only to have them come back in problem free holders, so when I get back a coin with what I think is a "phantom" details grade, I will crack it and resubmit or sell it raw.</li> <li> 2, if the shipment gets lost, I want full compensation.</li> <li> 1, but I still submit most of my coins to NGC. Believe it or not, that is a very complicated question when it comes to Jefferson Nickels.</li> </ol><p>[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 7997401, member: 15309"][LIST=1] [*] 7, TPG certification doesn't increase value, it increases liquidity [*] 5, For series that experience counterfeits or problem coins I would say 1 [*] 5, This is an EV calculation. If I can make more money by submitting the coin, then it doesn't matter that the value is under $100. Jefferson War Nickels are a good example. If they are raw, most people won't pay more than $20 so if I have a coin that I know will grade MS67, I will almost always make more money by submitting the coin even though the total value is still less than $100. [*] Yes, 1, again this is an EV calculation. [*] I specialize in Jefferson Nickels so that would be my answer. [*] The certification number provides a level of organization that makes selling them much easier. Trying to keep track of hundreds of raw coins, many with the same date/mm is very difficult, even when using a good organizational system. Also, the slab provides a level of protection that allows for easy handling of the coin. [*] This one is tough because the answer is that it depends. Sometimes I send a coin in and I missed the problem, but once I get the coin back in the details slab, I find the problem and agree with the assigned grade. Other times, the TPGs will assign a ridiculous details grade for a wide assortment of reasons that I don't agree with at all. In fact, I have resubmitted many of these coins, only to have them come back in problem free holders, so when I get back a coin with what I think is a "phantom" details grade, I will crack it and resubmit or sell it raw. [*] 2, if the shipment gets lost, I want full compensation. [*] 1, but I still submit most of my coins to NGC. Believe it or not, that is a very complicated question when it comes to Jefferson Nickels. [/LIST][/QUOTE]
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