Submitting coins to PCGS for first time ... a couple of questions!
thekramers5
Posts: 41
I am submitting some coins to PCGS for the first time and had a couple questions.
1) For the "Declared Value", what is normal to use here? If I am aggressive because I believe a couple of the coins could be home runs, will they laugh at my confidence!!?? However, if I value at a lower grade (well, lower than I'm hoping for), is it "See, even he didn't think it would grade that high". Just curious.
2) How can you tell cameo vs. deep cameo, since the PCGS No. depends on it (not that they could change, but I'd like to get it right to start with). I had a dealer tell me that even some of the frosty coins are not CAM.
3) Do the dark spots on the coins with silver immediately make them buillion? See attached 2 Kennedy halves. I also have some Franklins that are in amazing shape (and other Kennedys) when not considering the spots (of any size and number).
Thanks in advance.
Tim
1) For the "Declared Value", what is normal to use here? If I am aggressive because I believe a couple of the coins could be home runs, will they laugh at my confidence!!?? However, if I value at a lower grade (well, lower than I'm hoping for), is it "See, even he didn't think it would grade that high". Just curious.
2) How can you tell cameo vs. deep cameo, since the PCGS No. depends on it (not that they could change, but I'd like to get it right to start with). I had a dealer tell me that even some of the frosty coins are not CAM.
3) Do the dark spots on the coins with silver immediately make them buillion? See attached 2 Kennedy halves. I also have some Franklins that are in amazing shape (and other Kennedys) when not considering the spots (of any size and number).
Thanks in advance.
Tim
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Comments
<< <i>I am submitting some coins to PCGS for the first time and had a couple questions.
1) For the "Declared Value", what is normal to use here? If I am aggressive because I believe a couple of the coins could be home runs, will they laugh at my confidence!!?? However, if I value at a lower grade (well, lower than I'm hoping for), is it "See, even he didn't think it would grade that high". Just curious.
2) How can you tell cameo vs. deep cameo, since the PCGS No. depends on it (not that they could change, but I'd like to get it right to start with). I had a dealer tell me that even some of the frosty coins are not CAM.
3) Do the dark spots on the coins with silver immediately make them buillion? See attached 2 Kennedy halves. I also have some Franklins that are in amazing shape (and other Kennedys) when not considering the spots (of any size and number).
Thanks in advance.
Tim >>
1. Declared value is only for insurance purposes when they ship them back to you and for determining the appropriate tier for service.
2. You don't need to worry about the designation, they will assign it. You only need to provide the general number for the coin - ie. 1970-S proof Kennedy Half Dollar.
3. Not always; but likely so if they are of the nature you've shown. I'd think long and hard about submitting coins like those you've shown, unless you are VERY sure of the grades. Compare the value at your expected grades (and those 1-2 points lower) and determine if the submission fees are going to be worth it and don't forget to include the postage both ways in your analysis.
Good Luck and
2) Use the Coin Number for non-CAM/DCAM. PCGS will assess and determine if CAM or DCAM is warranted.
3) Both coins you posted are likely not worth submitting. You can waste a lot of money on an expensive education, or I think it would be more worth your while to discuss with an experienced dealer the coins you are looking to send in, and they can tell you what they think the coins will grade and whether or not it is worth submitting.
-Paul
-Paul
Actually, NONE of the coins I have with the black spots were going to be submitted this time. I really wanted to know if I should consider selling for bullion or holding for later.
Two quick follow-ups:
a) I have a 1960-D Washington Type B in MS condition ... do I need to note it as Type B on the form?
b) What are the views on inputting Min Grades? I'm thinking about it on a few, but wanted to get some thoughts.
Thanks again.
<< <i>Thanks!
Actually, NONE of the coins I have with the black spots were going to be submitted this time. I really wanted to know if I should consider selling for bullion or holding for later.
Two quick follow-ups:
a) I have a 1960-D Washington Type B in MS condition ... do I need to note it as Type B on the form?
b) What are the views on inputting Min Grades? I'm thinking about it on a few, but wanted to get some thoughts.
Thanks again. >>
A) start another thread on this one. you need someone who has some graded for a good answer on this.
<< <i>Two quick follow-ups:
a) I have a 1960-D Washington Type B in MS condition ... do I need to note it as Type B on the form?
b) What are the views on inputting Min Grades? I'm thinking about it on a few, but wanted to get some thoughts. >>
a) In order to have a variety attributed without requiring the $24 attribution fee it would need to appear in the PCGS Coin Number Lookup (NOT the Population Reports) with a 4 digit number. If it doesn't appear on those listings it requires the $24 attribution fee.
b) Personal thought on minimum grades is why bother unless you're crossing them. IMHO you just as well get them holdered regardless of grade and you can crack them out if you don't like the assigned grade.
And BTW most of the Kennedy's can be purchased for less than what you will be paying for grading fees until you hit top grade. And any with spots or hits will not make top grade.
The only Kennedy I was thinking about submitting is a 1964 B.U. in very nice shape. I'll give it a few looks before finally deciding.
I think I'm going to post the 1960 separately with a question on the attribution. I would sure think it's worth the extra $24 bucks since the MS65s denoted Type B sell pretty well, while those "regular" ones sell for $20ish.