So You Are a Coin Collector!
Advise me: Are You Still Collecting Raw Coins?
Take any Coin in Your Collection, and Tell Me What it is Worth.
To do as such, you need to settle on a Decision about the Grade of the Coin.
I will Assume that You are an Expert at Grading a US Coin, in this way, you have shown up at the right Grade for the Coin You Selected.
Clearly, the Grade Determines the Value or Worth of the Coin.
Furthermore, Once you have the Grade of the Coin, Any hotspot at the Cost or Worth of a Coin will Tell You the Value. (e.g.: greysheet, Red Book, Black Book, Coin World, and so forth)
Regardless of whether you are Getting Ready to Place a Book Value on Your Collection, Getting Ready to Upgrade or Sell one mint piece from Your Collection, or Getting Ready to Buy or Upgrade another Addition, the Grade of the Subject Coin is All Important. The Grade is Everything. Nothing Matters More than the Grade of a Collectable Coin.
Presently, expect that You are Selling this Coin, and Represent it to be the Grade You Decided Upon. You have Priced the Coin According to a Reliable Price Guide.
Which level of all Coin Collectors will Accept and Believe the Grade You Assigned, regardless of whether They could Examine the Coin In Person?
Most likely a little Minority! Why? Since the Grade of a Coin is the Most Important Identity Factor, and deciding the Grade is a Difficult Process. This is True, Whether Buying or Selling. In the event that the Grade isn’t True, or Correct, Money Will Be Lost – Lost to the Seller if the Grade is excessively Low; Lost to the Buyer if the Grade is excessively High.
There isn’t anything amiss with Buying and Selling Raw Coins. Regardless of whether they might come from pocket change or bank rolls. Yet, when you Decide to Make them part of your Collection, they should be Graded by an Independent Professional Coin Grader.
This is so in light of the fact that You Need to Know the Value or Worth, of each currency, just as the Total Collection.
In any case, you say, its Only my Personal Collection, and I won’t Sell it now, or ever. Extraordinary, I say, yet do you likewise Never anticipate Upgrading any of those Coins? At whatever point you need to Sell a Coin in your Personal Collection, you need to Sell it with a Grade and a Price. This implies you need to Represent to another person, the Grade of the Coin. You Must Do this since you need to put a Price on the Coin. At the point when that Coin has been Professionally Certified and Graded, you have Eliminated the Biggest Argument Point. Realizing the Grade Makes Everything So Much Easier. Te Price is a Given once the Grade is Established.
Dreaming about possessing a Coin with the Highest Grade (in any Class), as we flipped through the pages of our Red Book, has happened to all of us from the Start of our Coin Collecting days. Every last one of those “Fantasy Coins” Passed the Test, and met the Requirements of the Coin Grading Guide set up by the ANA (American Numismatic Association).
What most Coin Collectors don’t understand is that there are just four (4) Companies who offer Independent Professional Coin Grading, and Follow the ANA Official Grading Standards For US Coins. These Companies are: 1) PCGS; 2) NGC; 3) ANACS; and 4) ICG. These are the organizations to be utilized when those Raw Coins should be Graded.
Get the Highest Price for Coins You are Selling; Get the Best Price for Coins You are Buying; and Get an Accurate Appraisal of Your Collection. Gather Certified and Graded Coins! Try not to Play Games with Buyers and Sellers over the Grade of a Coin. Know the Grade of Your Coin!