Home› U.S. Coin Forum

Starting my own coin grading service

commoncents123commoncents123 Posts: 2,648 ✭
in U.S. Coin Forum
I have recently fantasized about starting my own slabbing service...maybe I would specialize in just one type of US coin. Does it take anything special other than the slabbing equipment? Come to think of it where do you get slabbing equipment?

Comments

  • garsmithgarsmith Posts: 5,894 ✭✭
    Why not everyone else seems to be doing that. So are all the coins you review going to be MS or PR 70's image
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭
    Call PCGS and ask them.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Numistrust, PGCS, and WCG are already taken.

    Maybe something like SUDS or DUDS could be a catchy title.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • commoncents123commoncents123 Posts: 2,648 ✭
    I was thinking about WCGS....wheat cent grading service image
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭


    << <i>I was thinking about WCGS....wheat cent grading service image >>

    Please tell us about your coin experience in wheat pennies to qualify yourself as a coin grading service. image
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • robertprrobertpr Posts: 6,862 ✭✭✭


    << <i>I was thinking about WCGS....wheat cent grading service image >>



    WCGS is taken. World Coin Grading Service. Next choice?
  • jmj3esqjmj3esq Posts: 5,421 ✭
    I hope you are kidding?
  • commoncents123commoncents123 Posts: 2,648 ✭
    Why would I be kidding? WGS... Wheat grading service
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,463 ✭✭✭✭✭
    how about GSBS ?


    Glad™ Sandwich Bag Slabbing
  • nankrautnankraut Posts: 4,565 ✭✭✭


    << <i>how about GSBS ?


    Glad™ Sandwich Bag Slabbing >>



    Now....that's funny!image
    I'm the Proud recipient of a genuine "you suck" award dated 1/24/05. I was accepted into the "Circle of Trust" on 3/9/09.
  • ZoinsZoins Posts: 34,398 ✭✭✭✭✭
    You can check out Capital Plastics Flexible Slabs which are only available in bulk. They say their slabs can be ultra sonic sealed so give them a call and ask.

    << <i>how about GSBS ?

    Glad™ Sandwich Bag Slabbing >>

    Isn't that sort of how HRH's company started with flips? If so, he might be following in good footsteps image
    Private Mint News | 2010 Lincoln Reverse Finalists
  • Type2Type2 Posts: 13,985 ✭✭✭✭✭
    Ya ,NCG I would like to pre order my MS-70 now.image


    Hoard the keys.
  • dan383dan383 Posts: 812
    Here's one "COIN"

    Cents Of Interest..............Not !


    Or how about "SLD" ?

    Silly Little Dreamer........................


    Not to be totally ignorant , but before you go on this adventure , maybe try publishing some
    books on diagnostics and grading . Then this thread can have some real meaning .imageimage



    Dan
    Fishing is not a matter of life and death.......It's much more important than that........
  • SpaceMonkeySpaceMonkey Posts: 3,311 ✭
    how about POSGS?

    image
    image

    The Maddy Rae Collection
    CURRENT BST OFFERINGS
  • commoncents123commoncents123 Posts: 2,648 ✭
    Well, if I start a grading service, I thought I'd specialize in one type and excel in my specialty...And keep my standards very strict to get a good rep going.
  • basestealerbasestealer Posts: 1,579 ✭


    << <i>how about GSBS ?


    Glad™ Sandwich Bag Slabbing >>


    Already taken
    image
  • SpaceMonkeySpaceMonkey Posts: 3,311 ✭
    freaking hilarious! image

    (edited to add)

    so would you call that a rattler?

    /ed
    image

    The Maddy Rae Collection
    CURRENT BST OFFERINGS
  • commoncents123commoncents123 Posts: 2,648 ✭
    That is ABSOLUTELY HILARIOUS image haha
  • PerryHallPerryHall Posts: 46,572 ✭✭✭✭✭


    << <i>how about POSGS?

    image >>

    image Let me guess what the POS stands for.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • morgansforevermorgansforever Posts: 8,465 ✭✭✭✭✭
    Why not?? Buy products from the Mint, that takes care of the authentication, and slab em yourself.

    I have used the Amos snap holders, they look good, and are completely inert.

    Amos link
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • tahoe98tahoe98 Posts: 11,388 ✭✭✭


    << <i>how about GSBS ?


    Glad™ Sandwich Bag Slabbing >>





    ptotection from spots?





    image
    "government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
  • BigDaddyzBigDaddyz Posts: 1,306 ✭✭✭
    Its no different than NGC slapping a slab around a coin cover, guessing a quick grade, and saying "..but we won't guarantee it"
    Great BST experiences: abitofthisabitofthat, silvercoinsdude, gerard, coinfame, mikescoins, wondercoin
  • ZoinsZoins Posts: 34,398 ✭✭✭✭✭


    << <i>Its no different than NGC slapping a slab around a coin cover, guessing a quick grade, and saying "..but we won't guarantee it" >>

    NGC is giving collectors what they want. Collectors want the coins graded and the entire envelope intact. NGC can't guarantee it because no one knows if that envelope will contribute to the deterioration of the coin and some OGP has been known to do that. It's similar to how PCGS won't give an ASE a MS70 grade even when it is in their slab. NGC can't provide a guarantee because they don't know what they are guaranteeing, insurance 101.

    If you don't like it, you can always have the coins removed from the envelope. The choice is yours.
    Private Mint News | 2010 Lincoln Reverse Finalists
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭
    All it would take is a bunch of CW holders, a laser printer, and an abject desire to lose all professional credibility. image

    Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1

  • TCoinsTCoins Posts: 566 ✭✭
    Oh my gosh....BlindedByEgo, I laughing so hard the secretary in the next office asked me if I was alright. I've got to stop reading these at work.
  • BulletBiterBulletBiter Posts: 326
    Would a good starting point be to add your “stamp of approval” to a currently slabbed coin. Giving you the opportunity to build a reputation. As time and slabs go through your service you would gradually start actually slabbing them as well.

    Just a thought
    - There are 10 kinds of people in this world...those who understand binary and those who don't!
  • walkermanwalkerman Posts: 468 ✭
    Industry Changing Grading Service Formed

    For too long we have allowed powerful unseen forces to dictate the grade of Our coins. The 70 point Sheldon grading system is imprecise, obsolete and represents the past. We must Think Big. Out with Sheldon. Out with the proposed 100 point grading scale. In with UGrade, a revolutionary new concept for a new century. After all, it’s Your money; it should be Your grade.

    With UGrade You will get choice, not chance. Never be disappointed again. No more improperly cleaned. No more environmental damage. No more body bags. At last, the little guy will be heard. At UGrade Your satisfaction is our goal. At UGrade the customer is always right. At UGrade You will receive coins the way You like them.

    UGrade, conceived by forward looking industry leaders in a flash of blinding insight; will feature a 1000 point millennium grading scale to allow for even more opportunities to haggle over the grade of a given coin. Because a coin has three side; UGrade will assign the numerical grade You desire to the obverse, reverse and rim of Your coin for even greater grading precision. UGrade will provide grades the way You like them. Because all coins are not mint state, UGrade will adopt a Business Strike and Proof Strike nomenclature to be abbreviated as “BS” and “PS.” Under the new system, the coins grade will appear in the following format: BS: 747/816/912 etc. with the desired suffixes following. Now we will finally have grading precision suitable for the 21st century.

    UGrade will service any coin ever made with encasements ranging from the diminutive “El Pequeño” for the Indian 1/16 Rupee; to the massive “El Gordo” specifically engineered for the stone money of the Island of Yap. The “El Gordo” encasement will also feature built-in ring bolts to facilitate movement by chain hoist or portable derrick.

    UGrade will have a sliding fee scale based on coin value and grade desired. An extra fee will be applied for such super designations as PQ, PL, Star, CC and Registry Set. If you have a grading problem, UGrade has a solution. If you have the money honey, we have the slab. You’ll have it made with UGrade.

    Conceived and Submitted by Spence and Dave’s Traveling Numismatic Museum; most recently based in Atlanta, GA.

    Dave Weygant Spencer Peck
    Lake Placid, FL Oldwick, NJ




    | |
    dalias13@hotmail.com
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>

    << <i>how about GSBS ?


    Glad™ Sandwich Bag Slabbing >>


    Already taken
    image >>




    You have too much time on your hands, I loved it though!!!image
  • dthigpendthigpen Posts: 3,932 ✭✭
    I recommend UGS, or perhaps AUGS.
    Mr. Thigpen

    Self Indulgence | Holey Coins | Flickr Photostream
  • walkermanwalkerman Posts: 468 ✭


    << <i>Well, if I start a grading service, I thought I'd specialize in one type and excel in my specialty...And keep my standards very strict to get a good rep going. >>




    The best way to get a good(4) rep is to start out with a superb gem (67) rep. Dave W





    The priceless ingredient in any coin transaction is the integrity of the dealer.
    David J Weygant Rare Coins website: www.djwcoin.com
    dalias13@hotmail.com
  • kiyotekiyote Posts: 5,586 ✭✭✭✭✭


    << <i>

    << <i>I was thinking about WCGS....wheat cent grading service image >>

    Please tell us about your coin experience in wheat pennies to qualify yourself as a coin grading service. image >>



    Grading is subjective! image
    "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
  • kiyotekiyote Posts: 5,586 ✭✭✭✭✭


    << <i>Well, if I start a grading service, I thought I'd specialize in one type and excel in my specialty...And keep my standards very strict to get a good rep going. >>


    Why not do something like the Eagle Eye service for Indian Head cents?
    "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
  • drwstr123drwstr123 Posts: 7,045 ✭✭✭✭✭
    Don't forget to sign the slab for authentication!
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭


    << <i>All it would take is a bunch of CW holders, a laser printer, and an abject desire to lose all professional credibility. >>



    I would recommend a good attorney also.
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,463 ✭✭✭✭✭


    << <i>Don't forget to sign the slab for authentication! >>



    You'll Need one of these for your Signature Series image
  • WTCGWTCG Posts: 8,940 ✭✭✭


    << <i>Industry Changing Grading Service Formed

    For too long we have allowed powerful unseen forces to dictate the grade of Our coins. The 70 point Sheldon grading system is imprecise, obsolete and represents the past. We must Think Big. Out with Sheldon. Out with the proposed 100 point grading scale. In with UGrade, a revolutionary new concept for a new century. After all, it’s Your money; it should be Your grade.

    With UGrade You will get choice, not chance. Never be disappointed again. No more improperly cleaned. No more environmental damage. No more body bags. At last, the little guy will be heard. At UGrade Your satisfaction is our goal. At UGrade the customer is always right. At UGrade You will receive coins the way You like them.

    UGrade, conceived by forward looking industry leaders in a flash of blinding insight; will feature a 1000 point millennium grading scale to allow for even more opportunities to haggle over the grade of a given coin. Because a coin has three side; UGrade will assign the numerical grade You desire to the obverse, reverse and rim of Your coin for even greater grading precision. UGrade will provide grades the way You like them. Because all coins are not mint state, UGrade will adopt a Business Strike and Proof Strike nomenclature to be abbreviated as “BS” and “PS.” Under the new system, the coins grade will appear in the following format: BS: 747/816/912 etc. with the desired suffixes following. Now we will finally have grading precision suitable for the 21st century.

    UGrade will service any coin ever made with encasements ranging from the diminutive “El Pequeño” for the Indian 1/16 Rupee; to the massive “El Gordo” specifically engineered for the stone money of the Island of Yap. The “El Gordo” encasement will also feature built-in ring bolts to facilitate movement by chain hoist or portable derrick.

    UGrade will have a sliding fee scale based on coin value and grade desired. An extra fee will be applied for such super designations as PQ, PL, Star, CC and Registry Set. If you have a grading problem, UGrade has a solution. If you have the money honey, we have the slab. You’ll have it made with UGrade.

    Conceived and Submitted by Spence and Dave’s Traveling Numismatic Museum; most recently based in Atlanta, GA.

    Dave Weygant Spencer Peck
    Lake Placid, FL Oldwick, NJ




    | | >>



    Now there's a concept we can all embrace.
    Follow me on Twitter @wtcgroup
    Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
  • GrimReaperGrimReaper Posts: 861 ✭✭✭
    "$.H.I.T. Slabbing"




















    Silly Heads & Indian Toners !!! I know what you guys were thinking !!image

    Looking for Atlanta $1-$20 Series 1928-present + Stars , Raw or Graded !! &
    FR-1509 ,FR-1509*,FR-1510,FR-1510*,FR-1511*,FR-1512*,FR-1514*
    in PCGS 66 or 67PPQ**

    EBAY ITEMS
    Check out - BrettEldredge.com !! Hometown Singer

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Format
SpoilerCodeQuote
Heading 2Heading 1
Emoji
:):D:(;):/:o:s:p:'(:|B):#:*<3o:)>:)
Url
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file
Home • U.S. Coin ForumComment As ...