Should You Get Your Coins Graded?

If it doesn't fit anywhere else, POST IT HERE. Numismatic related posts only.

Moderator: Daniel

Post Reply
Message
Author
User avatar
Daniel
Administrator
Administrator
Posts: 12102
Joined: Wed Jan 28, 2009 4:59 pm
Location: Ohio
Has thanked: 1 time
Contact:

Should You Get Your Coins Graded?

#1 Unread post by Daniel » Fri Dec 14, 2018 2:26 pm

359 subscribers and when I reach 400 I will have another contest.

I just released my latest video on if you should get your coin graded. It's a subject that needs more videos but this touches on the basics of this subject.

https://youtu.be/2LnpIMZYna4



User avatar
PALH1
Master Die Variety Attributer
Master Die Variety Attributer
Posts: 4433
Joined: Wed May 29, 2013 9:19 pm

Re: Should You Get Your Coins Graded?

#2 Unread post by PALH1 » Fri Dec 14, 2018 6:53 pm

:thumbsup:

budung
Coinasieur
Posts: 119
Joined: Mon Sep 28, 2015 5:19 pm

Re: Should You Get Your Coins Graded?

#3 Unread post by budung » Wed Dec 19, 2018 11:24 am

Hi Daniel, I like your video on the subject. Here are my comments. I have not submitted any coin for grading and beside my coins were mostly from the low end that is not worth it. I believe having your coin graded is a personal choice. When I see a coin I like and can afford it I never ask for the grade of the coin. I look at the coin and if in my perspective I find it beautiful I get it. I have never sold a coin not a single one. And in the event I will sell, the worth of my coins is really what the buyer is willing to pay - graded or ungraded.
I have read many articles concerning grading companies re improperly labeled, wrong grades, improperly attributed varieties, etc. Through their brilliant marketing strategies, these companies were able to establish a trend and are making tremendous profit from it.
Now lets do a little math on this. (please correct my computation if I am wrong) One company openly advertise that todate they have certified 40,335,000. THAT IS IN MILLION! Said company was established in 1985 or 33 years in existence or a total number of 12,045 days. Assume that the company grade coins everyday of the year, no let up, that includes sundays and holidays 24 hours a day around the clock. That will give you 3,348 certification done in one day?!? How can they do that? I don't know if they are using robots or human being to accomplish this.
Very soon I will be posting my experience with one of these companies.
Thank you Daniel for allowing us make comments.
Budung

User avatar
PALH1
Master Die Variety Attributer
Master Die Variety Attributer
Posts: 4433
Joined: Wed May 29, 2013 9:19 pm

Re: Should You Get Your Coins Graded?

#4 Unread post by PALH1 » Wed Dec 19, 2018 1:56 pm

my gotcoins: :

coin "ENCAPSULATION" is for:

1. authenticity
2. preservation
3. variety designation
4. proof designation

User avatar
Daniel
Administrator
Administrator
Posts: 12102
Joined: Wed Jan 28, 2009 4:59 pm
Location: Ohio
Has thanked: 1 time
Contact:

Re: Should You Get Your Coins Graded?

#5 Unread post by Daniel » Wed Dec 19, 2018 8:39 pm

Budung. I have experiences as well with PCGS. We can speak their name here. I agree with you on the lofty claims, but with a team of graders it is possible. However PCGS makes a lot claims to make themselves appear first at all this and most relevant. It works for most people but not for people like me who are not followers.

I am a truth seeker and PCGS was not the first grading company and I do question how many coins they have graded, but it is possible. I don't see bragging on that improves their status though.

Post Reply

Who is online

Users browsing this forum: mhonzell, pelefishing and 300 guests