How Do I Get Coins Graded?
Coin grading is an essential aspect of coin collecting, as it provides a standardized evaluation of the condition, authenticity, and value of a particular coin. If you are wondering how to get your coins graded, this article will guide you through the process, along with answering some commonly asked questions about coin grading.
First and foremost, it is crucial to understand that coin grading is typically performed by professional grading services. These services employ experts who specialize in evaluating and grading coins based on their physical condition. To get your coins graded, follow these steps:
1. Research grading companies: Start by researching and selecting a reputable coin grading company that suits your needs. Some of the most well-known and trusted grading services include Professional Coin Grading Service (PCGS), Numismatic Guaranty Corporation (NGC), and American Numismatic Association Certification Service (ANACS).
2. Prepare your coins: Before submitting your coins for grading, it is advisable to thoroughly clean them with a soft cloth or brush to remove any dirt or residue. Be careful not to use any harsh chemicals or cleaners as they may damage the coin’s surface.
3. Select the appropriate service level: Grading companies typically offer various service levels, such as economy, standard, express, and walk-through. Consider your budget and time constraints to choose the most suitable service level for your needs.
4. Submit your coins: Once you have chosen a grading company and service level, it’s time to submit your coins. This can usually be done online or by mail. Fill out the necessary forms, including details about the coins and any specific instructions you may have.
5. Await the results: After submitting your coins, you will need to be patient. The grading process may take some time, depending on the service level you selected. The grading company will evaluate your coins based on their condition, authenticity, and other factors, and assign them a grade on the standardized grading scale.
6. Receive the graded coins: Once your coins have been graded, the grading company will send them back to you along with a certificate or encapsulation that verifies the grade. These certifications add credibility and value to your coins, making them more desirable to collectors and potential buyers.
Now, let’s address some frequently asked questions about coin grading:
1. Can I grade my coins myself?
Grading coins is a highly specialized skill that requires experience, advanced knowledge, and proper equipment. It is generally recommended to rely on professional grading services for accurate and unbiased assessments.
2. How much does coin grading cost?
The cost of coin grading varies depending on the service level, the grading company, and the value of the coins being graded. It can range from as low as $10 to several hundred dollars per coin.
3. Can any coin be graded?
Yes, most types of coins can be graded, including ancient coins, bullion coins, commemorative coins, and more. However, some severely damaged or altered coins may not be suitable for grading.
4. Will grading affect the value of my coins?
Coin grading can significantly impact the value of your coins. Higher grades generally lead to increased value, as they indicate better condition and rarity. However, keep in mind that grading alone cannot guarantee an increase in value.
5. Are graded coins worth more?
Graded coins are often more desirable to collectors and investors, as they provide authentication, consistency, and trust in the coin’s condition. Consequently, graded coins tend to fetch higher prices compared to ungraded ones.
6. Can I break a graded coin out of its holder?
Yes, you can remove a coin from its holder if you wish, but it is generally recommended to keep coins in their graded holders to maintain their integrity and provenance. Breaking a coin out of its holder may negatively affect its value.
7. How can I protect my graded coins?
To protect your graded coins, you should store them in a secure and climate-controlled environment. Additionally, using coin capsules, sleeves, or albums can help prevent scratches and other potential damage.
8. Can I sell my graded coins?
Yes, you can sell your graded coins. The certification provided by the grading company enhances their marketability and can attract potential buyers more easily.
9. How long does grading take?
Grading turnaround times vary depending on the service level chosen and the workload of the grading company. It can range from a few weeks to several months.
10. What if I disagree with the assigned grade?
If you disagree with the assigned grade, most grading companies offer a dispute resolution process. They may reevaluate the coin upon request, following specific guidelines and criteria.
11. Can I get my coins regraded?
Yes, you can submit your coins for regrading, but it is important to note that the outcome may vary. The coin will be subjected to another evaluation, and the new grade assigned may either be higher or lower than the previous one.
12. Are all grading companies equally reputable?
While there are several reputable grading companies, the level of their reputation and market acceptance may vary among collectors and investors. It is advisable to do your research and choose a well-established and widely recognized grading service.