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Why you should get your coins graded
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<p>[QUOTE="Witty38, post: 1523571, member: 34290"]In my experience, you can "ripped off" even with graded coins! Sure, the grade usually is firm and can't get any worse, but if you look at eBay, the<b> same</b> graded coin goes for <b>different</b> prices depending on the demand/bid at a certain time frame.</p><p><br /></p><p>A grief stricken spouse is susceptible to preying buyers who will offer below book price just to move the coins. </p><p><br /></p><p>The surviving spouse or childeren should wait after an unfortunate demise and not try and sell them the first year. During that time, they need do do research and find reputable buyers/dealers.</p><p><br /></p><p>Leaving detailed instructions to survivors can be helpful, but prices change almost daily in this business. And getting coins graded by NGC vs PCGS is a turkey shoot as we all know as more people seem to trust PCGS. Having NGC or other grading services can also be a detriment.</p><p><br /></p><p>My advice: Although this is not always practical and possible, I think the coins, graded or not, should be turned into cash BEFORE an impending demise. </p><p><br /></p><p>I often ask collectors what they plan to eventually do with their collection and you'd be surprised how many haven't really thought about it (or want to think about it!).[/QUOTE]</p><p><br /></p>
[QUOTE="Witty38, post: 1523571, member: 34290"]In my experience, you can "ripped off" even with graded coins! Sure, the grade usually is firm and can't get any worse, but if you look at eBay, the[B] same[/B] graded coin goes for [B]different[/B] prices depending on the demand/bid at a certain time frame. A grief stricken spouse is susceptible to preying buyers who will offer below book price just to move the coins. The surviving spouse or childeren should wait after an unfortunate demise and not try and sell them the first year. During that time, they need do do research and find reputable buyers/dealers. Leaving detailed instructions to survivors can be helpful, but prices change almost daily in this business. And getting coins graded by NGC vs PCGS is a turkey shoot as we all know as more people seem to trust PCGS. Having NGC or other grading services can also be a detriment. My advice: Although this is not always practical and possible, I think the coins, graded or not, should be turned into cash BEFORE an impending demise. I often ask collectors what they plan to eventually do with their collection and you'd be surprised how many haven't really thought about it (or want to think about it!).[/QUOTE]
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