Grading Coins

Discussion in 'Modern Chinese Coins & Medallions' started by silverzman, Jun 19, 2013.

  1. silverzman

    silverzman Active Member Silver Stacker

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    Guys,

    How do you tell if some coins you have are worth grading? Is there things you look for before sending it off to be graded?

    I will be getting a batch of 2013 pandas and wanted to know if i could get into the grading game :D
     
  2. Thor122

    Thor122 New Member

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    2013 is more cheaper buy graded.
     
  3. silverzman

    silverzman Active Member Silver Stacker

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    Do you mean buying 2013 70s are cheaper than buying them and getting them graded?
     
  4. whinfell

    whinfell Well-Known Member Silver Stacker

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    Possibly yes. You can buy MS70 2013 pandas on Feebay for ~US$80, plus postage. Or you can buy a bunch of 2013 pandas, (~$33 each), send them off for grading (~$20-25 each), plus postage both ways, then wait and hope that they get graded MS70. As Yennus has said elsewhere with regard to panda grading:

    The question is, silverzman, are you feeling lucky?? :D
     
  5. whinfell

    whinfell Well-Known Member Silver Stacker

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  6. silverzman

    silverzman Active Member Silver Stacker

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    Thanks mate!

    One other question I had a look on eBay.

    There are some listed for 66 / 80 / 110

    What would vary so much that the price is so different? They are all ms70
     
  7. silverzman

    silverzman Active Member Silver Stacker

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    The more i research the more confused i am lol

    So the same quality of coin MS70 can be certified from the 4 big certification places, they have different lables on the slabs that will change the value of the coins......

    Does anyone have a link to a website that will explain this in detail at all?
     
  8. tamo42

    tamo42 New Member

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    The different grading companies have different amounts of trust associated with them, hence different prices.

    ICG and ANACS are pretty much worthless as graders.

    NGC and PCGS are both reliable, but in American markets PCGS is considered to be a slightly tougher grader. So there is usually a bit of a premium for PCGS over NGC.
     
  9. silverzman

    silverzman Active Member Silver Stacker

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    Thanks tamo42!

    What's with the labels?
     
  10. tamo42

    tamo42 New Member

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    What do you mean?
     
  11. silverzman

    silverzman Active Member Silver Stacker

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    Like some have the great wall on the label, some have the panda label, some have blue early release label and it seems to affect the price what they have stuck to the slab.

    Just wondering what that was about.
     
  12. tamo42

    tamo42 New Member

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    Oh, that.

    If you submit coins early in the minting year, you can get the "Early release" label. I think you can get the label with the panda on it at any time for a fee.

    The labels have nothing to do with the quality of the coin, but some people will pay for the cool factor.
     
  13. silverzman

    silverzman Active Member Silver Stacker

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    Ah so $70 for ms70 with a Great Wall label should be the same quality as a $110 early release panda label if they are from the same grading company?
     
  14. Justfishin

    Justfishin New Member

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    There is an cut-off date for slabs to have "early release" labels
     
  15. Thor122

    Thor122 New Member

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    For the same price: the early or first releases are limites amounts.
     

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