what % of dealer's raw coins would successfully slab at NGC/PCGS?

1907Quarter

you walk into an average coin shop. There is a display case of coins in 2x2 holders with coin, grade(sometimes not!) and price. How would these coins do at the 2 higher tiered tpg services?

darktone

Very few would certify at the grade on the holder- once you realize this you will begin to grade for yourself and not rely on someone elses opinion. mike

rhedden

Less than 50% of the raw coins over $50 value in a typical shop would even slab at NGC or PCGS, never mind make the grade marked. That is why those coins are still in the case raw! If they were nice coins, the shop's regular customers would run off with them as soon as the dealers got them, or they would be slabbed. That is usually the case in local coin shops in my experience.

Merc

It depends on the dealer. I have seen some with nice circulated coins from the 1800's that were all raw and all accuratelly graded. All would slab at PGCS at his assigned grade.

Then I have seen other dealers with cases of slabbed coin next to a case of raw coins. The raw ones were all problem coins or ones that were bodybagged. You would think he would sell the problem coins at a discount, but had them priced the same as the PCGS graded coins. It was a stange and confusing way to do business. Problem coins stick out even more when placed next to PCGS graded coins. I don't know how he could even sell 1 at the prices he was asking.

09sVDB

for an average dealer I would say 20% or less. There is only one dealer I know who garuntee's their raw stuff will certify at or above where they graded it. PM if you would like to know who. Alot of you already know, as he is a member here.

greymars

Item....Local dealer grade.....PCGS grade

1886 MS63 MS64

1921 MS61 MS63

1898o MS65 MS65

1890s MS63 MS64

1922 MS64 MS63

1924 MS62 MS64

Betta285

Good or bad, my dealer makes a point of not slabbing any items worth less than $200. At first I found this very strange, and was weary of buying moderate priced, $150-190, coins from him raw for fear of problem coins and other problems that could arise. As i continued buisness with him, i became more trusting in his grading and judgement and now have no problem buying anythign raw from him. When it comes to early gold, Saints, and Morgans, he's very accurate, and with everythign else, he may be a little off, give or take a point or two, but nothing drastic. I'd put his % at 65..Just my opinion

jim

1907Quarter

nice reports, grading not the question here, just will it slab(problem coins in display)?

ColonialCoinUnion

Depends on the dealer. Period.

clackamas

For the average shop I have been in 30-50%.

TonedPeaceNut

There's a local shop in Long Beach --- Liberty Coin -- where I would bet that most to all of his raw coins would grade @ PCGS at his assigned grade.

Anyone want to venture a guess or actually know why I say this????


TPN

PutTogether

Just saw your post about Liberty Coin in Long Beach. I live in Newport Beach and would love to check it out someday. Where is it?

TonedPeaceNut

It's actually in Signal Hill on/near Cherry Ave in a small shopping mall.


TPN