If you are a coin collector or investor then one of the first things that you will need to do is get your coins graded. This will give you an idea of the current condition of your coins as well as their value.
There are many different grading companies in the world however the two most popular and reputable services are PCGS and NGC. They have a strong reputation and do a great job of grading coins.
Subscription fees
Getting your coin graded can be an important part of collecting coins. This will help you determine its value and will make it easier for you to sell your coin in the future.
The process of getting your coin graded starts with selecting a grading company or service provider. This can be an international company or a local grading agency.
Once you select a company or service provider you will need to fill out a submission form. This will include information about your coin, your insurance details if applicable and your personal information.
After your coin is graded you will receive it back in an airtight sealed plastic wrapper with a complete coin grading report. This will give you all of the information about your coin and will also provide you with its current condition.
Both NGC and PCGS offer a variety of services but before you can submit your coins to these companies you will need to sign up as a member. This can cost anywhere from $39 to $69.
Fees per coin
Coin grading is a complex process that can be difficult to understand without expert advice. The grading process uses an assessment of a coin’s condition to determine its value.
While there are a number of factors that influence a coin’s value, the most important are rarity and condition. A rare coin that is in excellent condition and graded well can be worth a lot of money.
The grading process can be expensive, however, and you should only do it if you think it will increase the value of your coin. For example, a 1963-D Lincoln cent has a value of around $1,000, but not many coins are worth that much.
There are two major companies that offer coin grading services, NGC and PCGS. They both charge a fee per coin, and they also require you to pay a subscription fee. The cost of a coin grading can vary greatly depending on the company, the grade it gets, and the amount of work needed.
Insurance
If you are unsure about the value of a coin, it is highly recommended that you get it graded before you invest in it. This will ensure that you are not paying for something that is not worth what you paid for it.
The cost of grading a coin depends on the company that you choose. PCGS charges a membership fee starting at $69 per year, while NGC adds an $8 handling fee to the cost of grading.
In addition, you will need to consider the cost of shipping and insurance. Insurers will likely charge a higher rate for high-value packages.
It is a good idea to protect your coins by keeping them in airtight plastic holders, such as the encapsulation slabs that are found on third-party grading services. This will help keep your coins pristine and avoid deterioration that can happen due to exposure to cigarette smoke, rubber, paint, textiles such as wool and felt, and too much humidity.
Shipping
Having your coins graded by a third party can add credibility to them and make them more valuable. However, this can be a costly process.
Generally, the cost of having a coin graded can be between $20 and $80 per coin depending on the company. These costs include the grading fee, shipping, and insurance.
There are a few companies that offer this service, such as PCGS and NGC. Both of these services charge a grading fee according to the coin type and maximum value.
For example, a modern coin with a mint date of 1965 and a maximum value of $300 will cost $17 to grade.
Another service is NGC’s Walkthrough tier, which will grade your coins with a maximum value of $25,000 for $175 and return them in a scratch-resistant holder.
These companies also charge a fee for each coin that you submit. If you have multiple coins to send, these fees can add up quickly.
