Submitting coins for grading. Where do you stand?

mgoodm3

I see quite a few people around here submitting large batches of coins for grading. Are these for personal or business? Seems like it's got to get expensive. I myself have never submitted any and have only about 13 slabs total (less than many submissions I see here). Just curious where other people fit into this continuum.

coincollector1989

Mine are personal.

tonyhar

Mine are my own but that may change in the future.

dorkkarl

<< <i>Where do you stand? >>

good question. where are the sheep? i stand nowhere near them.

K S

nwcs

Right now I'm sitting.

But all the coins I have slabbed are for my own enjoyment. Some I have sold, but most all were originally with the intent of being for my own amusement.

tjkillian

All for personal use. It gets frustrating to buy a coin as a BU and have other dealers call it a slider. Sure, we all try to educate ourselves, but it takes time. By having independent 3rd party grading give their opinion, it helps try to sort the wheat from the chaff. When I die and the person who gets my collection dies, and that person goes to sell the coins, there is less likely hood of being told the MS-65 seated half is really a slider. Nothing is perfect, but every little bit helps.

Tom

Deadhorse

Both. Some personal and others that I will get more $$ because of the slab.

Generally speaking, a higher end coin will sell quicker and for more if slabbed by one of the big two.

A little while back I offered an end roll toner to JB Stevens. He kind of lowballed me but said in the same breath that if it were slabbed he'd go 50% higher.

I now have that green, red, blue and gold baby in a slab at just the grade I felt it deserved. Now, it's not for sale even at the 50% premium.

I'll show it to him at the Pasadena show coming up and see what he thinks about it then. Clearly, slabbed it's value is far, far more than the cost of the slab that makes the difference.

LincolnCentMan

I'm a month and a half into a buisness one right now. It ought to get graded around the first of November.... looooonnnngggg wait.

David

MacCoin

I have about 100 slabs give or take. They not all PCGS but most are.

<< <i>Submitting coins for grading. Where do you stand? >>

in the waiting line

darktone

I mostly slab if it will increase the value in the market place. I know it does not make much sense to slab stuff under $200 but I sometimes do on the right coin. mike

291fifth

I am trying to cut down on submitting. The submission costs are significant and I am getting very picky about what I will send in. The turn around times are also a negative as some of the coins will be for resale. PCGS and ANACS are doing a very poor job with their economy submission times. They are probably trying to force submissions in to higher price tiers but it is not going to work. Many of the coins I send in need to be slabbed to be saleable but aren't valuable enough to warrant a $30 submission fee (plus shipping costs).

MadMarty

For me it depends on what I'm submitting.

1955-1964 coin always go to NGC, Frankies and Jeffersons always go to PCGS, Moderns usually go to PCGS. The time factor also plays into it, if it's a so-so Morgan it goes to NGC, if it's a high end coin it goes under regular service to PCGS.

coppercoins

Where do I stand - as far away as I can so nobody gets the impression that I actually subscribe to such nonsense.

mgoodm3

I was curious about all the "submission results" I hear about personal or business. Seems to be a bit of both. The only ones I would do at this point would be free ones if I were in the collector's club. I'm too lazy to resubmit and cross coins I already have and probably won't sell anyway. Thanks for the replies.

Skipper53

I've made two submissions of about 8 coins each.
Two were bodybagged so it's helped me learn a little about
what's worth the cost of grading and what's not.
Hopefully, the ones that made the grade will be worth
more in my golden years.

Skipper

beartracks42

Most of my submissions are for me. If I run onto a coin that I think will grade high, mostly moderns, I may certify it with the idea of selling it. I use both NGC and PCGS. If PCGS was more expedient and consistent, I would probably use them exclusively.

Bear

I stand for Institution, Constitution and Pros.......................................................................................................perity.

Russ

I keep all my coins raw because when I sell I want to make sure I get about half what they're worth.

Russ, NCNE

Bear

Russ, can you get trichanosis from eating prices on raw coins?

dorkkarl

i keep all my coins raw because - i'm not gonna sell them, & i don't care what they're worth to a plastic co.

K S

darktone

<< <i>i keep all my coins raw because - i'm not gonna sell them, & i don't care what they're worth to a plastic co. >>

Karl I never knew you felt this way. mike

dorkkarl

hey darktone, i was trying to do a play on words to annoy russ.

K S

darktone

LanLord

I stand absolutely, firmly, positively, without a doubt, right in the middle.

I have submitted some coins, to see if I was making good decisions, I own some slabs, and I own a lot of raw stuff.

I find value in having both in my collection.

EvilMCT

I have never submitted before, but own a few slabbed coins. I will, however, be jumping into the fray shortly. I want to use this as a learning experience. Unfortunately, I have not had the best experiences with dealers over the years. I understand that there is overhead with operating a coinshop, but the "buy grade" vs. the "sell grade" can be overtly preposterous. My plan is take coins from a series that I collect and determine grades for them. Then, I'd like to compare my grading with that of the professionals. Most of these coins will not be monetarily worth submitting (i.e. over $200). I believe the educational aspect of this can will more than justify the expense tho.

Ken

razorface1027

PERSONAL...I played the smart camper and became a gold club member for the 4 freebies, welp, not FREEBIES, but you know what I mean. Let's just see if they'll get the grade that should be deemed to the beauties I submitted....

Russ

<< <i>i was trying to do a play on words to annoy russ. >>



Karl,

I never get annoyed at you. That would be like getting annoyed at a puppy for peeing on the carpet. The little guy just can't help himself.

Russ, NCNE

dorkkarl

hey russ, you'll probably want to get those pee stains up out of the carpet some time. oops! look! your standing in 1 now!!!

K S