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<p>[QUOTE=&quot;jcakcoin, post: 1329231, member: 29209&quot;]There are 2 major third-party graders, PCGS and NGC. You send your coin in for a fee, and the company encapsulates the coin with a grade on it. They are called slabs, and if you look on ebay, you will see slabbed coins available. Now, PCGS slabbed coins have a slight premium over NGC slabbed coins, but they both are very reputable. </p><p><br /></p><p>As Cazkaboom said, coins are graded from 1 to 70. 1 being terrible and 70 being absolutely perfect. Knowing how to grade coins is one of the most important things to know. If I were you, I would start by understanding how to grade mint state coins (MS60 thru MS70), because Ikes are readily available in that condition.</p><p><br /></p><p>The saying &quot;Buy the coin, not the slab&quot; is extremely important. For example, not all MS65 graded coins are the same. One may be extremely ugly, but the other coin could have the best rainbow toning there is. What I&#039;m trying to say is that not all coins are alike. It is best to look at the coin carefully before purchasing it.</p><p><br /></p><p>Before you do that, stick with asking the bank, or go to a local coin show to buy coins, until you have a better understanding of what you are collecting</p><p><br /></p><p>(If you don&#039;t know what I&#039;m talking about, you can ask as many questions as you like, or you can look up what the words mean)[/QUOTE]</p><p><br /></p>

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