How to get coins graded at NGC (for the newbys)

[Nickel and Dime 10]

Hey Guys,

 

I decided to start this thread because a lot of people find it hard to get coins graded, or find it a mystery. I don' know why, because it is really easy (as long as you are willing to take the risk of coins getting lost in the post). It is a much better option sending your coins overseas to NGC, than getting them graded here in SA (well for the moment at least, in my opinion).

 

First step: Get a Collectors Society membership. You can get an Associate membership for as little as $39 a year. Not bad!

Go here: Benefits: The privileges of becoming a Collectors Society member

 

Second step: Submit to NGC. South African coins will be submitted under the world coin category. The price for modern coins (coins struck after 1970) costs $16.50 each with a minimum submission of 5 coins. All other non-gold coins can be graded for $19 each, with a 5 coin minimum. Go here: NGC – The Leader in Third-Party Grading Services

 

There you go! You can get coins graded for under R150 each (excl. shipping)!

[Cold Sea 6]

This article appeared in Treasure Hunter’s Roadshow.

 

Reputation Matters with Coin Grading Services

 

Third party coin grading services are not all equal. When evaluating graded or slabbed coins you must take into account the company doing the grading. The grading company can be as important to the value of the coin as the coin itself. How often do you see a coin graded MS65 by a firm sell for hundreds if not thousands less than the same coin graded MS65 by a different company? It happens quite frequently. The reason can be explained by the reputation and quality placed to each individual grading service.

The industry leaders in today’s market are without question PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation). Both of these companies maintain high standards and are very consistent in their grading of coins. It is important to note that collectors place high value on the slabs that these companies provide. Collector confidence is high with PCGS and NGC, so these coins will obtain premium prices when brought to the open market.

There are other grading services that have solid reputations among numismatist. Both ANACS (American Numismatics Association Certification Service) and ICG (Independent Coin Graders) have a reputation for slabbing only authentic coin, however they also are known for over grading coins. Over grading accounts for the aforementioned scenario where one coin graded MS65 sells for markedly less than the same coin with the same grade by another company. ANACS and ICG coins routinely grade at 3-4 points above PCGS coins. In other words, a coin graded ANACS MS65 will most likely score MS62 or lower when graded by PCGS. Thus by having and enforcing higher standards, PCGS coins will always sell higher than ANACS or ICG.

While the list of reputable coin graders is short, the list of non-reputable coin grading companies is quite large. HCGS, NNC, SGS, ANI, TRUGRADE, INB, PGS, PEGS and GEC are just some of the companies you want to avoid. These companies not only over grade coins, they have been known to grade and slab blatantly counterfeit coins. They have jumped into a growing market in an attempt to cash in on the incredible interest in the coin collecting world. When in doubt about a coin grading service, simply refer to greysheet.com for its up-to-date list of reputable coin graders. This website maintains an active scale ranking the current standing of each grading company as seen through the eyes of the market place.

[Nickel and Dime 10]

Agreed. But in my experience, NGC is more generous with their grading. PCGS and NGC are almost the same up to MS65, however above that, PCGS is more conservative. Think about it, you see way more MS70 graded by NGC.

[coinexionz 10]

thanks for the info, but is there any preffered/secure shipping options of getting the coins to NGC?

[Nickel and Dime 10]

That's the hard part (finding a courier company that will accept the risk). I actually just use registered post....