I have only sent coins to be graded to anacs once. I am somewhat familiar with their cost. If I were to send 10 coins to be graded, valued at $350 a piece can anyone tell me what it would cost by sending them to pcgs or ngc. This is postage, insurance, conservation, etc. I will be researching this over the weekend and I want to see if my figures come close to anyone that has dealt with pcgs or ngc before and which one would be the best option of the three.
Do you want to send coins only for grading? Or are you sending coins for attribution for a mint error or variety?
Since he didn't mention attribution let's assume just grading. PCGS since they are $350 apiece they would need to be submitted under the regular submission tier which is $35 per coin so 10 X $35 = $350 + $10 submission fee + $33 for return shipping (for $3500 worth of coins) so $393 + whatever it cost you to send them to PCGS. PCGS restorations fee would be 2% of Fair market value or minimum of $30 per coin fo for a $350 coin that would be the $30 minimum. So if you request restoration for all of them that would be an extra $300 or a total of $693 + whatever it costs you to send the coins to PCGS. NGC Once again since they are over $300 apiece you would have to submit under the Early bird/Standard tier which is $35 each so 10 X $35 + $10 submission fee + $35 return shipping (for $3500 worth of coins) so $395 + whatever it cost you to send them to NGC. If you request conservation that would be extra 4% of fair market value per coin with minimum of $25. 4% of $350 is $14, so the minimum $25 per coin, so $250 for the 10 coins or a total cost, if you have them all conserved, of $645 + whatever you pay to have them shipped to NGC
Thanks for the input, I prefer to buy PCGS or NGC graded coins when I buy them. I have read somewhere that a ANACS graded coin are usually graded a point or 2 higher than the same coin graded by PCGS or NGC, would this statement be correct. Again thanks for the input. I thought that anytime you submitted a coin to be graded that attribution was automatic, you are never too old to learn thanks.
Thanks Conder101 for doing the math for PCGS & NGC. I will check PCGS, NGC & ANACS and use your examples to see how close I can get to my final cost.
There's no actual membership fee for PCGS or NGC if you do it right. The PCGS Platinum saves you significant money with the 8 coin vouchers if you use them as a regular gold shield submission, even just a regular submission saves you money and you get a Nike Dri Fit shirt too that you can sell for 15-20 if you want. The NGC 150 gets you 149.99 in grading credit so I guess technically you pay a cent for membership. Generally you lose more on the back end trying to save money on the submission fees with a lower tier TPG. Depends what it is, some are automatic some aren't
No, not correct. They each use slightly different grading standards, so some coins are graded differently, which appears to be overtrading. That's why you need to buy the coin, not the holder, and that some TPGs coins sell for less. Supply and demand.
It's free either way if you join the right tier and the PCGS one is actually money saving with the right one. If anyone is paying a fee to join any of them they picked the wrong tier of membership
Again thanks for all this info, Coin Talk is very informative, will research all avenues this weekend, Coin Talk is the best place to get great information and I am still leaning at the age of 68 soon to be 69. After spending 44.5 years in the I&E department on a offshore platform (last 22 years in deep water 92 miles out), I believe my learning curve had flattened out, but now the learning curve is back on the way up. Again thanks for all the great input, taking time to help with great detail, and sharing your knowledge.
