Blog

  • Submiting coins for grading is a gamble

    10:35 AM PST, 12/30/2008

    Writing this from experience, being a member of both the NGC and PCGS registries, I buy coins that are already graded and also submit raw coins for grading. Buying coins on the Internet means that we are using a picture to judge the coins condition, which can be very misleading and that doesn't mean that it is being done on purpose. When pictures are cropped and posted they lose some details which will cover up some defects even in high resolution photos. It is very hard to tell if a coin has been cleaned sometimes called whizzed from a picture and cleaned coins are one of the biggest reasons coins are returned without grades and the grading companies don't refund the grading fees. When you find a coin that you think is suitable for grading ask the seller if he will stand behind the coin and take it back for a refund if it doesn't receive a grade. Notice I said a grade maybe not the one you thought you would get but a grade. No one can guarantee what grade the grading company will give. If the seller says UNC, BUNC GEM UNC it should at least grade MS60. If he won't stand by that DO NOT buy the coin. You should also point out the the grading process can take up to 30 days, if he won't agree to a 30 day return window DO NOT buy the coin. To save allot of time and trouble I follow a few simple rules I only buy raw coins on the Internet for grading if they are still in the original government packaging. That is in case in plastic and hard to tamper with, remember I said hard to tamper with not impossible. The rest of the coins I buy are already graded and I have found that, that is usually the best and most economical way to get them. Think of how many coins that you would have to buy and have graded to get the desired grade, it could get pretty expensive, no matter how good the coin looks to you it won't look that good to a professional grader. Sending in any coin is a gamble but that's what makes it so much fun, all good coin collectors are gamblers and treasure hunters at heart.
  • Jam's Insights

    8:38 PM PST, 12/23/2008

    The reverse of the Lincoln cent is scheduled for a change in 2009. The value of wheat and memorial cents will increase. Now is the time to purchase one of my collections. This will save you not only money but time and trouble as well. It will be far less expensive to buy a collection and finish it off, then to build it from scratch. You would have to pay quite a bit more if you were buying the coins one at a time or building one thru the purchasing of unsearch rolls or bags. Do it the smart way buy a collection and spend the money you will save finishing it off. For a great collection at a lower cost let Jam to the work for you.