HI All,
I was wondering if any of you could recommend me as i battle with myself. Worth grade coins or not ? I have some coins and wondering what to do with them. Grade ?
Which is the best site to grade ? How much it cost ?
Thank in advance for your thoughts,
Regards,
Damian
Learn to grade them yourself, it’s part and parcel of coin collecting, buy a good book on grading and follow their guide to collecting. I grade all my own coins and in all honesty I tend to under grade them as I have very strict criteria to follow.
First, I assume you are asking the question because you are planning to sell the coins.
In some discussions I see a "rule" that the coin must be worth at least 200 euro to earn the cost of grading. But the cost is variable depending on the value, how many you submit, whether you submit as an individual, or through a dealer who already uses the grading services, etc. For a single coin, you spend about $50 in the U.S. including of course the shipping cost. I don't know the cost to submit in Europe.
I would also consider where you are planning to sell the coin (the country, the auction house, etc., etc.). Some auction houses handle a lot of graded coins, some handle very few.
For U.S. coin collectors, PCGS is preferred over NGC. For world coins, I see many more NGC coins on the market, and I see many grades that are very generous from NGC, especially for older (hammered) material (in fact some of these grades give me a lot of laughs).
Personally, I have never submitted for grading, only for authenticity. But if I had a collection of valuable U.S., coins, I would certainly grade them before selling, because I think the market would pay back the cost.
Citação: "Offa"Learn to grade them yourself, it’s part and parcel of coin collecting, buy a good book on grading and follow their guide to collecting. I grade all my own coins and in all honesty I tend to under grade them as I have very strict criteria to follow.
I think i can grade but i need more information about toning etc. Can you recommend a good book for grading ?
Citação: "tdziemia"Complicated question with lots of variables.
First, I assume you are asking the question because you are planning to sell the coins.
In some discussions I see a "rule" that the coin must be worth at least 200 euro to earn the cost of grading. But the cost is variable depending on the value, how many you submit, whether you submit as an individual, or through a dealer who already uses the grading services, etc. For a single coin, you spend about $50 in the U.S. including of course the shipping cost. I don't know the cost to submit in Europe.
I would also consider where you are planning to sell the coin (the country, the auction house, etc., etc.). Some auction houses handle a lot of graded coins, some handle very few.
For U.S. coin collectors, PCGS is preferred over NGC. For world coins, I see many more NGC coins on the market, and I see many grades that are very generous from NGC, especially for older (hammered) material (in fact some of these grades give me a lot of laughs).
Personally, I have never submitted for grading, only for authenticity. But if I had a collection of valuable U.S., coins, I would certainly grade them before selling, because I think the market would pay back the cost.
Thank you very much. To be honest this topic coming to me back from time to time.
I was thinking about grading this coin : https://en.numista.com/catalogue/pieces69651.html
but i have COA from Auction House so i assume grading is not need it ?
I found in Poland some dealers who cooperate with NGC they want 39euro and limit is at least 5 coins. Probably its 39 euro per coin. So i will spend at least 200 euro. If find 5 coins worth to be graded.
If it's with the idea of selling them, I agree with tdziemia on this.
However, correct me if I'm wrong, but another way would be consignment with a reputable auction house. If you have a good number of coins in a given area (say central Europe 17th─early 19th century) then it would attract much attention. To the price realized, 18-20% is added for the buyer to pay, which is the auctioneer's fee.
Note also that prices realized at auctions have gone through the roof since the pandemic started.
It depends on whether you collect for the love of the hobby or see coin collecting as a money making scheme. I am most certainly in the first group, as for a good book I bought one many years ago called grading British coins which cost the grand total of £5 I don’t know whether it’s still in print but there are numerous books about coin grading.
Citação: "Offa"It depends on whether you collect for the love of the hobby or see coin collecting as a money making scheme. I am most certainly in the first group, as for a good book I bought one many years ago called grading British coins which cost the grand total of £5 I don’t know whether it’s still in print but there are numerous books about coin grading.
The first. I will then do some research to find the right book. Thank you.
Citação: "Steve27"I'm really surprised no one asked the obvious question. What are the coins, and what condition are they in?
That's a good point, and indeed that's the first thing I would have asked of a new collector since they often show you coins that are worth not even a tenth of the price they would pay for certification.
But doc_man having been on Numista for over a decade, I assumed he knew about such basic things ─ and he already knows how expensive it is to get coins graded, so he's not talking about low grade circulating (and circulated) modern silver.
Still, it would be useful for many new collectors to know what kind of coins we're talking about.
Citação: "tdziemia"Complicated question with lots of variables.
First, I assume you are asking the question because you are planning to sell the coins.
In some discussions I see a "rule" that the coin must be worth at least 200 euro to earn the cost of grading. But the cost is variable depending on the value, how many you submit, whether you submit as an individual, or through a dealer who already uses the grading services, etc. For a single coin, you spend about $50 in the U.S. including of course the shipping cost. I don't know the cost to submit in Europe.
I would also consider where you are planning to sell the coin (the country, the auction house, etc., etc.). Some auction houses handle a lot of graded coins, some handle very few.
For U.S. coin collectors, PCGS is preferred over NGC. For world coins, I see many more NGC coins on the market, and I see many grades that are very generous from NGC, especially for older (hammered) material (in fact some of these grades give me a lot of laughs).
Personally, I have never submitted for grading, only for authenticity. But if I had a collection of valuable U.S., coins, I would certainly grade them before selling, because I think the market would pay back the cost.
+1
(It's complicated says it all)
@tdziemia makes a sound assumption (that the coins will be sold) b/c first & foremost be sure you know who you're grading for (if its not for you- perhaps submit for a grade, if the certification is for yourself- don't grade IMO!)
I've written the sentiment that TPG is best for when the coin/note is in the marketplace in order to give the assurance that the said item is indeed in "___" condition. That's IMO. Some collectors prefer encapsulated coins (notes) because they become better preserved & the grading increases the "eye appeal" to him/her. Each to his/her own. Whatever the reasons are to certify, be sure that you have set yourself some sound (solid) criteria before you go to the expense of submitting.
"What are the coins, and what condition are they in?"
I share @steve27's surprise since this is also paramount but @tdziema mentions "a "rule" that the coin must be worth at least 200 euro to earn the cost of grading."
I concur that each coin should have a threshold minimum value & in many cases a threshold minimum condition/or an assumed grade. The replies that suggest you learn to grade yourself are excellent b/c you really don't want to be submitting a VG coin that you perceive to be VF.
I want my item to be valued at least 3-5X more than what I paid for it to submit it (absorb the cost of submission) & with a potential to increase in BV. I wouldn't grade unless my item is VF+ (rare/scarce) & UNC+ original (for tough items) but each to his/her own. Like grading, one's minimum thresholds should err on the conservative side (rather than the liberal side) in order to save money IMO.
