Which Coin Grading Service Should You Use?

Tuesday, October 13th, 2009

Even those that possess great experience collecting rare and difficult to find coins understand the importance of knowing the worth of their coin collection. They also realize arriving at an accurate assessment of the value requires an appraiser with solid experience and knowledge. To ensure such accuracy is arrived at, collectors will take their acquisitions to reliable coin grading services.

Two of the most oft repeated names in the coin grading service industry are the Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS). Both of these services are considered the most superior in the business and this makes their services strong in demand. Of course, this also makes their fees high and their availability limited. As such, one must look for alternate services that deliver solid results.

Of course, it is not always easy to find a reliable service. One should weigh several criteria before selecting an actual service. The following is a brief look at the main criteria one should apply:

Knowing a general idea as to how many coins have been graded in the past will certainly be helpful in regards to selecting the right service. Some may be curious as to what the quantity of coins graded in the past has to do with the viability of the service. Is not quality more important than quantity? Honestly, you cannot have one without the other when it comes to coin grading services. A company that has graded a significant amount of coins is surely one that offers quality assessments. Repeat customers will not provide return business when the grading service has been inaccurate. So, those services which have grades scores of coins over the years will usually be a solid venue to take one's coin collection.

It is also necessary to learn whether or not the value suggested by the service matches what the coins that have traveled through the service have received at auction. When the auction commences, the opening bid should be reasonably close to the grading value the coin received. If the accuracy of the grading service is not accurate, the eventual coin auction could prove problematic to say the least. Really, if the service is not presenting accurate value estimations, then the service will be of little value. Conversely, those coin grading services known for their accuracy remain among the very best to take your business.

Those coin grading services that offer quick turnaround time are also those that deserve collector patronage. There really is no reason a collector should wait excessive amounts of time for their grading results to come in. No, this does not mean the service should rush the work at the expense of quality. That is certainly not advisable. However, no one should wait longer than what is needed to receive accurate coin grading. Remember, timeliness is always an attribute that is beneficial.

The availability of a sliding price scale presenting fair fees to collectors is another common sign of a reliable service. While both professionals and hobbyists collect coins, their motivations are different. That means they both might require different grading processes. (Hobbyists can appreciate generalizations but professional auctioneers will need detailed accuracy.) As such, offering different prices based for providing different grading processes is certainly helpful. It certainly does help in presenting coin grading accessibility for all. So, consider the availability of a sliding scale of coin grading fees to be another sign of an excellent service.

Tom runs Coin Collecting Values where you can learn more about coin grading services and in coin collecting.

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What You Should Know About Gold Coin Values

Sunday, September 13th, 2009

The four basic features in which gold coins and their values are set, consist on: grade, rarity, popularity, and quality. That's the main reason why you ought to know everything concerning the valuation of gold coin values so coin dealers will not embezzle a sum that far exceeds the coins' relative worth. To be conscious is to attain the correct knowledge so keep your eyes openned wide for a few particular characteristics.

Real rare coins customarily are on the top of the most valuable gold coins around. If you're a collector, an investor or simply a zealous researcher, you should only rely on reliably endorsed population totals issued once in a while by NGC (Numismatic Guarantee Corporation) and by the PCGS (Professional Coin Grading Service). These two organizations are the most dependable services for validation of gold coins in the market.

The state and condition of the coin also plays a significant  role in its price determination, they name it the grade or quality of the piece. The closest it is to its flawless and original condition the higher rated it will be. And the popularity of a determined coin can also make your discovery, more or less luxurious simply for it might be an item everyone in the marketplace will like to put their hands on.

The price range will rely on what time period they come from. The gold coins from the 1800's to the early 1900's can fluctuate from $1280 to $16250. The price of the gold coins from after 1900 to the 1930's can vary from $1600 to $11450 according to the PCGS . And since the popularity of such coins are always changing, the market can be thinly capitalized and tremendously fickle, so be wary.

With a fast search online you'll come across gold coins grading services and the different ways they might be valued. You can also look for listings of U.S. gold and silver coins directories. Most of the genuine grading services (linked to PCGS and NGC) will involve you to have your coin evaluated, however the price they ask for is nothing when compared  to what your coin may be worth. If quality, rarity and popularity join together in complete harmony you'll find yourself with a collector's item in your hands, and it'll be worth every effort.

(ArticlesBase ID #1219360)

Get all the information and resources you need about gold coins at collectiblescoin.com

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Bonafide Coin Collecting Software: Five Things To Look For

Friday, April 3rd, 2009

Whether you are a novice or an expert at coin collecting, you can truly benefit from purchasing some kind of software.  There are numerous benefits to having software to work with including organization, inventories, and coin related links.  Here are five things to look for with legitimate coin collecting software.

1. Managing data
Perhaps the number one reason why you will want to purchase coin collecting software is to help you manage your data.  It can become overwhelming trying to keep up with the numerous statistics and features that come with your collection.  Having software that can organize all of this data in one system can be extremely helpful.

2. Built in coin inventory
Many of the commercially available software will have built in coin inventories for you to take advantage of.  This will allow you to keep an eye on modern, ancient and medieval coins.  In addition, many of these programs are capable of organizing existing web resources and coin links so that you can keep up to date on recent coin values that are updated frequently.

3. Coin glossary and dictionary
If you are a coin collecting expert, having a glossary and dictionary specifically for coins is probably not all that important.  However, it certainly cannot hurt.  But if you are a novice, it is important you understand all of the terminology and wording that is used within the coin industry.

4. Reports and summaries
In addition to managing your data, you will also want to be able to write reports and summaries regarding your coins and coins that you may want to purchase.  It is important your coin collecting software has some type of feature or program that will allow you to write reports and keep summaries of numerous things.

5. Readymade templates
The last feature that you will want to look for with coin collecting software is readymade templates.  Although this is not at the top of the list for things to look for, it can certainly make life easier on you as you attempt to keep track of your collection efficiently.

The market is filled with different coin collection software you can purchase.  It can be difficult deciphering one from the next making it all the more important you take the tips listed in this article into consideration.  Look for software that will allow you to write reports and summaries, manage your date, and has a built in coin inventory.

Tom Lindstrom is a coin collecting expert. For more great information on coin collecting software be sure to visit http://www.coincollectingpennies.com.

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Determining Coin Values By Their Grade

Thursday, April 2nd, 2009

After learning the basics of coin collecting, you are probably going to become interested in coin collecting values.  A coin set can be a great investment as they can skyrocket in prices if the supply and demand is there.  While there are several ways to determine the value of a set, one method is by looking at the grade of your coins.

The grade of a coin refers to the condition it is in.  The main objective behind grading is to determine whether the coin is in mintstate or if it is circulated.  Mintstate means the coin is new while circulated refers to a used coin.  The ideal coin is perfect mintstate as you will certainly get the top coin collecting values at this state.

There are a few ways that you can grade a coin.  The first is by looking at the quality of the coin die and any striking characteristics.  The strike refers to the process of stamping a design and it can either be strong or weak.  Typically this will depend on how the coin was designed.

The second thing to look at when grading a coin is the condition and characteristics of the planchet.  This will help you determine whether a coin is uncirculated or not.  A mintstate coin will not have any wear whatsoever. 

The last thing to look at is the amount of wear and damage on the overall eye appeal of the coin.  For the best coin collecting values you want there to be little damage at all.  Most collectors agree that a strong coin either has a good eye appeal or not.

When looking at the different coin collecting values you obviously want to have the most perfect mintstate coin as possible.  A perfect coin will have an attractive sharp strike and original luster of the highest quality.  There will be no contact marks and absolutely no visible hairlines, scuff marks or defects. 

As you go down the list little details can degrade the value of the coin.  Things like a few light scattered contact marks or flaws, a couple of small hairlines, or average luster can make a coin drop in value.  A typical mintstate coin is going to be the bottom with an unattractive and dull luster, many contact marks or damage spots, and a heavy concentration of hairlines. 

There are several things you want to look at when determining coin collecting values.  Pay close attention to contact marks, hairlines, luster, and any scuff marks.  If your coin is in perfect mintstate it will have the highest value of any other coin.

Tom Lindstrom is a coin collecting expert. For more great information on coin collecting values be sure to visit http://www.coincollectingpennies.com.

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Why You Need To Consider Your Coin Collection Value

Thursday, March 12th, 2009

The coin collection value is the most important aspect of coin collecting for most collectors. Many people regard coin collecting as an investment, so they need to be updated with market demands. In general, the valuation of a particular coin depends on its condition, mint rarity and denomination which is why collectors must build up their knowledge in these areas.

There are many price guides which are used for referencing by coin collectors. "The Standard Catalog of World Coins" by Chester L. Krause and Clifford Mishler manage to cover coins starting from 1601, all the way down to the present time in five volumes. In the book, coins are identified and their prices are listed.  When trying to determine my coin collection value I have often referred to this publication and can personally recommend it as a good source of information.

A guide book for United States coins called the "Red Book" is published annually and is also a respected authority as a retail price guide. The "Blue Book" and the "Black Book" are also well established price guides to determine the value of a coin and thus the coin collection value. The "Coin Dealer Newsletter", more popularly known as "the Greysheet", is a price guide for coin dealers. The Numismatic News publishes prices for dealers, bidders and retailers. There are even online resources which maintain prices of coins like the "NumisMedia" website and a price guide for U.K. coins maintained by Tony Clayton can be found on his personal website.

As a rule rare coins are more expensive but rarity does not necessarily have to do with the age of the coin. Some Chinese coins which might be a thousand years old do not sell at high rates because they are common. The price of the coin also depends on the demand for the coin. If a lot of collectors want a particular coin, its price will get higher.

Collectors must also think about grade when establishing their coin collection value. Coin grading is a method of assessing the condition of the coin - the grade of the coin has a high determination of the eventual valuation of the coin. If a coin has been damaged its price will be reduced. Similarly, bullion also plays a role in determining value - the presence of precious metals like Gold and Silver increase the price of the coins as well. The aesthetical appeal of the coin has an effect on its price as well; it makes the coin more attractive for the collector. The American Numismatic Association has a 1-70 range for assessing coins, where 70 represents a faultless coin. The Numismatic Guarantee Corporation (NGC) and the Professional Coin Grading Service (PCGS) are two organizations that go through the meticulous task of grading coins. Coins that have been certified by these reputable organizations have a higher value as their authenticity is more valid and reliable. ICG, Independent Coin Grading, and ANACS, handled by the American Numismatic Association are two other reliable grading services available.

Many people have accumulated tables of coin values which show coin collectors the values of particular coins – these tables can be built up over the course of a lifetime and can prove invaluable when establishing the coin collecting value; they give the collector the knowledge regarding which coins are worthy to be collected. There are also lists of coins worth collecting available with coins that are scarce ranked considerably higher. For example the 1909-S VDB Lincoln cent would be one of these coins. Items such as the legendary 1913 "V" nickel can be worth over $100,000. These hefty prices show why so many investors are willing to invest in coin collecting and expect high rates of return to their investments.

Jamie Singer has been collecting coins for a little over 20 years now. He has built up a large collection containing some of the most rare coins to be found. During this time he has built up a wealth of knowledge which he is now sharing on his website http://www.coincollectingrevealed.com/

For more information on the coin collecting value make sure you visit his website.

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