Getting your coins graded by a professional coin grading service is an important investment. It can increase the value of your collection, and give you an advantage when selling them in the future.
The cost of grading a coin varies depending on the coin and the service provider. These costs include the grading fee, membership fees, and shipping.
Cost of grading a coin
Getting your coin professionally graded is an essential step if you want to sell it. However, the cost of grading a coin can be expensive.
The most prominent grading services are Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC). These organizations use the Sheldon scale to assess coins. They take color, strike, luster, attractiveness, and surface preservation into account.
Both companies offer different grading rates depending on the value of your coin. For example, NGC’s Economy tier costs $175 for a coin valued at $25,000 or less and returns it in a scratch-resistant holder.
Types of coins that can be graded
Coin grading is the process of evaluating a coin for its authenticity and market value. There are several factors that determine the grading of a coin, including its strike, surface preservation, luster, and eye appeal.
The first step in grading a coin is to determine its level of damage and wear. This is the most important factor since most coins that have been circulated will have some level of damage and wear.
Next, the grader examines the coin for its rim, lettering and devices. This is the most critical step because it allows the grader to see the quality of the coin’s die and strike.
Once the grader is satisfied with the quality of the coin, they can move on to determining its numismatic value. This can be done by comparing it with similar coins of the same year, mint and series.
Services offered by PCGS
PCGS offers a number of different services for coins and bank notes. These include grading, restoration, and regrading.
PCGS is a trusted and respected organization in the coin collecting community. They have been in business for many years and are known for their commitment to industry standards, accuracy, and fairness.
They also provide a number of resources for collectors and investors. These include a coin price guide and educational articles.
One of the most popular services is grading, which involves a team of professional graders who assess the condition of your coin and assign it a grade. Another popular service is restoration, which is designed to help collectors overcome environmental problems that might have caused damage to their coins.
In addition to grading, PCGS offers several other services, including Gold Shield and TrueView. These services protect your coins from counterfeiting and coin doctoring. They can also be used to identify stolen coins.
The cost of return shipping depends on the type and quantity of coins being submitted. It is based on the declared value of the coins being sent back to the submitter and the shipping method selected (Priority, Express or Registered Mail).
Coins that have been assigned a No Grade by PCGS will be returned un-encapsulated and in their original holder. These coins fall into three categories: Problems, Inconclusive and Ineligible No Grades.
When shipping your coins to PCGS, make sure that they are protected with bubble wrap or Styrofoam. This will reduce the risk of tampering during shipping and ensure that your coins will arrive safely at PCGS.
NGC has made several improvements to its return shipping and insurance services, making it easier for submitters to get their coins back faster and more affordably than before. International return shipments sent via FedEx are now insured for up to $50,000 per package.