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 Replies: 15 / Views: 1,148 |
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New Member
United States
23 Posts |
I went down the rabbit hole of professional grading. I am familiar with the different grading companies, their reputations (or lack thereof), and attribution differences.
What I am trying to figure out, is how a small fish can get items graded with CAC, PCGS, or NGC at a price that isn't cost prohibitive on a $30-80 item.
I know ANACS does deals that are reasonable, but so many people want the big three, I worry about using ANACS.
Without expensive subscriptions, and bulk plans, is there any way to get coins graded for $20 or less from the three I mentioned?
For ANACS or ICG is it possible to get the price at or below $10?
Are my price targets delusional and I should just start my own basement slabbing operation and call it I-BS?
Any input would be sincerely appreciated. Sorry for the long post.
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Pillar of the Community
United States
6983 Posts |
Anacs is currently the best price for the grade. The grades are pretty accurate on average (actually being stricter than the others) but it doesn't have a registry set so some people don't like using them, as for me, I did use Anacs for grading, but I also used NGC. NGC came out to around $40 per item while Anacs was about $16 all in. For an inexpensive coin no reason not to use Anacs, actually pretty much for any coin other than moderns where the only grade worth it is 70, Anacs is fine. Some Anacs graded coins.  Please note the above is for modern Anacs, the old soap box holders have a following and generally strong prices.   |
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Valued Member
United States
309 Posts |
Using TPG services is pricey and generally only worth the money for coins valued over $100 or so. However, they are important as authenticators of genuine coins. If selling, this can be very important and ANACS is the least expensive and is respected. NGC, PCGS and CAC coins will generally sell for a higher premium all things being equal. |
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Bedrock of the Community
 United States
94367 Posts |
ANACS slabs are often not acceptable for listing at the major auction houses.
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Pillar of the Community
 United States
4326 Posts |
Why do you want them graded? What are they? If you want to maximize sales value of US coins worth over $200 or $250 or $500 each, PCGS or CAC. Sales of world coins? NGC. Protection in a slab - ANACS or ICG. Oh, yeah, varieties (and you'll never get your money back) ANACS or ICG who will both list anything you can find in a reference book. -----Burton 50 year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, OnLine Coin Club Owned by four cats and a wife of 40 years (joined 1983) Edited by BStrauss3
10/21/2024 8:05 pm
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Pillar of the Community
United States
4629 Posts |
Quote:
ANACS slabs are often not acceptable for listing at the major auction houses. Ian Russell from Great Collections offers ANACS slabbed coins for auction.
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New Member
 United States
23 Posts |
I am mostly looking to grade in order to improve resale value. I have many coins such as MS pre 1965 silver coins, in a flip, tend to sell for melt, but in a slab sell for double or triple. Have some other rarer items, but most are under $100. Looks like ANACs it is. Is $14/coin with their "special" the best deal? Is it possible to get coins graded at shows cheaper? I have never tried.
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Pillar of the Community
United States
6983 Posts |
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New Member
United States
23 Posts |
Where in the world do you pick those up under $10?!?
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Pillar of the Community
United States
6983 Posts |
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Where in the world do you pick those up under $10?!? ebay, dealers junk box. The Women's quarter was on Bid, I got one for $9.46, another for $10.98 and the final one for $14.54. The 1964 JFK was in my dealers junk bin, I paid $10 cash for it. The 1961 proof was on ebay, no one bid on it, I got it under $5 BTW these are exceptions, but I want to make sure you understand, that getting something slabbed is not always a way to make money. I've purchased many coins that cost more than the slabbing and the coin cost. These are just a few examples.
Edited by hfjacinto
10/22/2024 1:25 pm
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New Member
United States
23 Posts |
Understood. Thank you for the insight!
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Pillar of the Community
United States
1904 Posts |
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ANACS slabs are often not acceptable for listing at the major auction houses. As noted above, Great Collections has ANACS-slabbed items for auction, as do Heritage, David Lawrence, and Stacks Bowers. Whether they take/offer it may depend on the coin inside though.
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Moderator
United States
157722 Posts |
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Whether they take/offer it may depend on the coin inside though. Seems plausible. And in Frog's defense, he did say often not always.
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Pillar of the Community
Australia
852 Posts |
@BStrauss3, it is a generalization to say NGC is best for world coins. For Australian coins over 99% of coins submitted from Australia now are to PCGS. When a dealer here put together a high grade set in NGC slabs as The Benchmark Collection it was sold at auction and most of the buyers had them regraded by PCGS for high end set registries and those that have been resold as PCGS are getting double or more what was paid for them. I now have 6 NGC Benchmark Collection coins that were not cracked out and they were bargains when offered for resale.
I keep my NGC, ANACs and ICG coins in the slabs I purchased them in but would not submit my raw coins to them to save a few dollars on grading.
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Pillar of the Community
Taiwan
526 Posts |
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Sales of world coins? NGC. Here in Asia PCGS is definitely a more desirable product. Due to PCGS's early marketing and the fact they were a publicly traded company at the time gave them a foothold with collectors they have not relinquished. Interesting fact though my Taiwanese friends all agree that NGC graders of Chinese coins are much more knowledgeable than PCGS graders but are more forgiving when it comes to grading. The local buyers here will typically discount an NGC coin 15% - 20 % or more grade for grade. YMMV. Canadian coins are also much more desirable in a PCGS slab. In both instances I am referring to serious collectors.
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Valued Member
United States
289 Posts |
If value "at the time of sale" is the primary goal, low value coins grading is a terrible cost vs. value decision.
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Replies: 15 / Views: 1,148 |
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Posted 10/21/2024 5:48 pm
